The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-11
COTTON MARKET REVIEW.
Liverpool Futures Closed Two Points
Lower.
4 DECLINE IN NEW ORLEANS SPOTS.
Bears Are sim Very sican
Markets show Little Change.
Weekly Reports.
onlcc of Tho Post.
Houston. Friday, Aprii 10.

Houston. Friday, April 10
Liverpool futures closed at II decline OF
s-Gid today which naturally had q depres-
sling cffcct upon tho American markets
New York lost to 1 points and New
orlcana 8 10 !. Spot values at New Orleans
showed decline II lido. though sales
were larger than ON any previous day this
week, Taken altogether. the markets
were dun and fcatureicss. There was an
Improvement In the speculative demand
ut New York, but elsewhere business
seemed at standstill.
In the face OF reports Of short time In
New England and at She South unless
trade with the mills Increases IN the near
future the bears are extremely cautious.
they predict an unprecedented acreage
and an uuhcard-of crop. yet they are
timid rather than aggressive In their ac-
lions ON the other hand the bulls claim
that exports are holding m well. receipts
are only moderate. and the visible supply
very small, yet they seem unwilling to
display that vcnnrcsomc shirt necessary
to sc; the market oGt of the present nfo-
less rat. Each side is apparently waiting
for something to drop.
New York futures opened steady al a
uvNHue az 10 points. aud remained
practically AT these figures on the second
call. The closing was quiet at Il loss OF
. u poinls nS compared with yesterday
May opened at 49, dropped To $50. and
CioSed az ',Oj-bt, against 1866. YESTERDAY
May contracts are now points lower
than AT the close of last week. while Au-
gust contracts are 4 points lower
New orleans futures opened steady. 3
70 points OF. but recovered part of this
LOGS during thu forenoon The closing VAS
al a decline of ! points ON the sumiucr
months whte the distant positions were
To poiuts lower than YESTERDAY May
opened ~ 81. sold at 76a during the
Session and closed at "6s-Js, against 7.5a-d9
Yesterday
though puoiably unchanged. snlcs we're
5000 uales, New Orleans sold ii50 bales nj
u decline cf l6r Savannah also lost Lice
but nearly all other American markets
New orleans broker writes as fol-
icws' The continuance of unfavorablc re-
ports from tho Eastern and Southerr
mills, as to- the dullncss rcigninr in man.
utaotnlca goode ana tho possibility OF a
general resort la short time both South
AMI East has undoubtedly dampencd the
ardor OF the advocates Of higher prices
yet hcwcNer, ANYTHING TINT could he
construed as hetng favorable to cotton
would be eagerly rrnspod hy them and
~ used III cur opinion, as an argu-
reaction from present prices. in face OF
the bearish Influences predominnting."
New York, April l0.--Therc was little
Speculation In cotton today and prices
further declined Sfih points, The cause OF
the weakness was continued favorable
cah.es notable small English orders FOR
spot cotton. The decline here was ar
rested by rumored transaction IN cotton
at this point involving ie.H@ bales for TX
port 10 Liverpool. This report was ren.
orally discr"diicd, but it came In connec-
ton with further runors that an August
corner is Ia be SPRUNG during the current
month. This made the bears cautious and
There was not much selling. Crop news
reaching here from whatever source, SAYS
the South sim has y bearlsh average. but
is becoming more mixed rs The season adj |
varces, Tho close was quiet Mt "a net de- |
cline of sGi points. |
New York. April i0.--Ilubbard Bros & |
cos cotton letter says. our market con
finues TO move within narrow range Of
prices through the events maintained by |
The conflicting factors of supply aud de
nand. a demand FOR May delivery |
brought about II sight recovery from the
owesi of the day with quiet closing.