The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-21
COTTON MARKET REVIEW.
The American Markets Closed at o
Slight Decline.
STATISTICAL POSITION IS STRONG.
The Buiis Contend That tho Reaetion Is a
Natural one, aud Predict = Quick
Recovery.
Office of The Post.
Houston, Friday, March 20,


Houston, Friday. March 20.
The bulls were building their hopes TO
some extent upon a good advance at liver-
pool this morning. but that market refused
TO rally. though futures closed only ls-6td
lower than yesterday. On the second call
quotatlons were aaIS-6id Oft and the re-
coNtry from tho lowest was rapid one
The American markets were very active
early IN tho session and NJ one tine quo
tations were OF points higher than yes
terday though the closing was at fow
points decline
Local kilograms stated that the weak
moss at New York was caused by rumor
OF trouble IN Wall street, though this re
port was soon after dailed. Doubtless the
main reason for the decline was the dis
couragng nature of Liverpool cables Tins
coupled with tho pront-tal<ins of scalpcrs
aud the fact that the shorts had pretty
well covered, caused a natural reaction.
which, tho bulls contend. viii merely
strengthen the situation.
whether prices viii improve naturally
nopends unon the speculative interest to n
great extent yet from the statistical post
uon 1t Is difficult TO soe amy reason for
lower prices. The bears may be able to
bring in another war scare, however, or
deprcss prices by causing Eastern MILLS TO
send forth food OF blue reports as 10 the
condition OF trade. Stili there Is no get
ting Ground the fact that there Is very
liulc SPOT cotton now offered for sale nud
that exporters are taklus 1t out of this
country as fast as they cau
NAV contracts at New York are now IS
points higher than at this time last weok.
While Octohcrs are only point above last
fridays prices. Al New orleans. Mays
arc u points up for the week and Octebors
rn.
New York futures. opened steady with
Nay point OF aud October 1 point up.
Arer tho nrst call there was an advancing
tendency and at one time May contracts
sofa al I16, against al at yt-terd1N's
the closing was at u decline OF 3a5 points
New Orleans futures opcncd quiet and
steady about ! point on, advanced several
points during the forenoon aud closed etsv
2Nt points lower than Yesterday May scll
1t e. for the highest aud closed al ha-GO
against 76i-65 the dav baforr. Oe'nh-r
oponot at 70l, advanced to s0i and closed
Liverpool spots wero easier Though
quotally unchanged Sales were only Shu
hales aud FOR The wcek 5000, against iii IA
and New York spots were i-i8 or. while
Galveston advanced i-l6 Houston closed
srady and unchanged.
Now York. March 20 -WcAthor reports
III, te,esr,,l p.,o,t.. g., 49,. ,,,,,l,.,,,.
from the South ms cvoulng Indicate that
rain has been general during the ,yccI,
mud tl.i in annte dtat,.in,s ,ho ,,,,.t,t,,
wv
u"i mas neon ia'h'r hohNy' Farm work
has been interrupted by the rain and
farmers have consequently made only
lAlr progress ON tho Whole.
Commercial and Financial Chronicle
New York March 2l.-~IIuhbmrd Rt-,s. Il
Go ~ cotton letter sayA:
by tho absence of any pnncliint,vs do
mand for cotton; tho DIV Goods market has
been 80 demaraiiy,d mat those who ,yould
have been buyers Of cation uuder ordin-
AIRY circumstances are .'IoolSers ON Vion-
ma rather than actual ptrtiripltors I'm
the movements OF tho market onr mar.
lowest priccs rioeiur ,lrndv al n sityht