The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-25
IIT0N MADE ADVANCES.
y, 6sIned Eighteen Points in the
New York Market.
. mFays SPOTS UP ONE.EIGHTH
asvioes from the South Were
wv ''o.r BuIlish---5etter Demand
for Spot Cotton.

.,s another bull day for cotton
IN, and both spots and futures made
,atante. New York futures opened
n 0olpts up and closed II TO IS points
1 !" s,torday's final figures. The June
/, showed the greatest advance and
n tbt least. The new crop months
a IA good demand and each closed
IN up New orleans futures wera
| 4 Il points mp for the day
Y spci markets we're all higher. Hons.
IA galveston gained lice. New Or.
1 H. and New York 3.18c. The M.
:, X The American markets was starred
| "A figures from Liverpool this morn.
mai market showed a good gain in
m aid advanced spots 1-32d.
! " Yporls of drouth In Texas and un.
r,hle Weather at other points In the
m, bslt gave a bullish influence, whiIe
4 NV from mill centers gave evidence
4 asiluped demand for dry goods, Adj
4 \ nom Fall River were more encourg ?.
,s,n al any timn for two or three
M Business is picking up there. and
4 pnWduence splnnrrs are Inclined 10
I,,,, ihelf policy Of buying cotton fro N
! .fto mouth ana laying In n good SUNNY
! s,,Dtpstlon of improving business ana
| !, mining on full time the balance OF
lssBn.
Nv vas not any gossip IN regard to
Nofted July deal in New York. That
"a advanced 1G points for the day anil
4 M ID points higher than August, NJ
"a August ought 10 be the month Of
3,lN srarcty II there IL any pinch FOR
I1e at that point this summer. As to
Ill, deal the facts semP 10 ne thes,.
IA july cotton was accumulated by strong
ltssn Interests, without any particular
|sdt corner, but rather as affordlng an
'ydunliy for a good turn. The deal has
Bsil Itself out better from bad weather
\ hsf fright than some Of the friends
eaoh themselves expected. 1t Is he
/ Il that the decision of Chicago To re-
Mo- not to receive July cotton depends
Mill upon the weather.
Inn the bulls have had the hest of
niftst secretly, the bears have not
v nhiued.
|nsbsar's creed is very conclsely enun.
|s n the following extract from tho
|nfdk Commercial Of June IS:
II New England broker said: In all
lnhllre markets there are times that
hNs founded on actual statistics. con.
1 rs aud values count for nothing We
N inst been passing through that SORT
market IN cotton in Now York
,rgalaton has been In control, and the
|,rs bnll factor has been magnltied
Z he actual conditions 'smothered IN
4 ;Aored for a tim,, but in the long
Wy ieyel values where they belong.
~ The worlds visible supply. gii'1OJ
NeN Of last vpor
fAciaal crop, about 10000 TO 1.ooo.
d h excess OF the bulls minimum esti.
Ek and MO,O00 10 10000 over Henry
stils maximum figures.
= hlsvn consumption, about loo.
\ ns developing.
Cotton cloths cent a ward lower,
q g per cent less demand than snins
Il lfsi year. Sales yester1ny made at
A eoalpared with 3lsc about thre,
Stocks In Southern mills. 33t 1870.
p4 nv. 10 same time last year.
N'Nofld's visihlr showed reduction
ny ogpp more than same week last
n although stocks were over 9OO,O0J
teess o. last year same time.
IN Cotton cloths are selling on basis
" iof spot cotton In New York. while
I,Flsilon keeps II without stles tal
'rh dtV1t o.
y Stocks OF wool are double what
i were one year ago In this country.
~ IAe acreage planted Is 100000
;;aal last year. that evidently pro
~ under the worst con litions 90 any
v tler known IN the United states,
z iaOwU0 bnleS, and 1000 100 of
q larger than In 1898, when our crop
lse largest ever grown, being 1924,
4 great deal Is sali about backward
~ fla dnmage Ia the crop and every
Y Petty unfaYorahle factor. hut the
fge facts are smothcred up ana
feh because II serves the object of
asrkel manipulat0rs for the time he.
pae thing should not bn forgotten,
elon Is Nc too high for the uni
X afmand and that while they can.
nai tactics, continue this for time,
MHmain result will he ahnormalIy