The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-15
COTTON MARKET REVIEW,
Liverpool Spots and Futures Closed
Higher.
AMERICAN MARKETS WERE STEADY.
Speculative Sales We're Worry Light The
Shorts Are Afraid Of tho Market
Trade Notes
tOffce of Tho Post.
Houston. Tuesday, Anril 1

| ItouStOI, hl'I1l II.
Liverpool responded To the iirmncss
shown ON this side yesterday by an ad.
vance OF i'sU2ts6id on futures and l-s2d VI
spots. There was very little lite at today's
session of the American markets, but fu.
lures held up well ana closed slightly
higher than yesterday. The bears are evil
| IDENTIFY disinclincd to increase their short
| interest. but at the saine time the bulls
do not appear anxious to become large
| purchasers. The speculative confidence
usually noticeable Is now lacking OH each
side. and prices arc maintained simply
| from tho fear that any attempt to break
| the market would prove IA boomerang.
| The bulls believe that tho consumptivc
| demand viii soon show an Increase. de
spite reports just to the contrary, They
| claim that many spinners have kept OUT
Of tho market for some time past with
he hope that this would force pricc,
down, As this result has not been
| achieved however. IT is the bun opinion
that the mills viii be now compelled TO
| purchase needed supplies. On the other
hAni the bears say that many Northern
mills already have stocks sufficient TO run
tAein nn'il August ]. and that others will
not purchase Tho raw cotton at present
| nigh prices when manufacture goods are
being sold ut a loss.
points IN This adyance was me- in,a i r
on the second call and the ciostup ,yn,,
9 10 points higher than Yesterday Njn,,
opened al no. dropped to 7GS ,6,n nd.
vanced 10 III and rlosei al = z1'7i An.
gust sold at 7G9 for the lowest and ! N
Highest ' '
Now orleans futures opened quiet, with
very ltiie chapgr from Yesterday. There
was slight advance an the second call,
a% y" at s9Sps oy wSs point up A My,
nj Isl for tho highest closing nt Ii n
Suct prices were sten,iy al an ,,tnt.
ana saios wcre Of ayrr,,ge voliln,,
Clapp n Co. of New ynr, saw +, thot,,
t,.. IA. 49,. ,.,..,. - W "''
~. "'Si"'t 'N''''' furious ouii reports
of Increased acreage now claim tho fer
ttlizer use.l is roor quality. tina, I'M. cron
H.. -, A. -, ~, ~
:" Nv H''''"' '9'"''9' 'ii'l, '"e
w.cNils are likely to do dNin;tga that old
cron statistics Justify much higher nrie.s.
49,. -, i,.,. .....,,..,.i.. 4, ,
nost of the MaY and August futures,
aud are likely to npaln assist In making
a Elr ADVANCE perhaps equal TO that lust
October; that when cotton sells at a
Nigh price tn the autumn because of a
short crcp 1T always sells at as hign price
h,lorc the season ends Tho bears claim
nature and man are preparing the largest
acreage and finest scnEon for plpning yet
| known. that the ground Is Just moist
cuogEh md the acreage III bc planted IN
eNccss Of ls9i and that ordinary weather
ANT conditions from this until November
grown and scent cotton VIII look high
10 a Northern spinner; that Manchester
ani Fan River minis are cu,tniltng their
output. decreasing dividends and running
on the han i-to-mouth plan. Sentiment
appears mixed. while bulls and bears np,
pear waiting for more definite news and
convictions"
,l,t.