The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-20
COTTON MARKET REVIEW.
Liverpool Gave Weak Response to
the Advance.
AMERICAN MARKETS SLIGHTLY LOWER
After Advancing Several Points n Rcao.
"on S"sse-rhe Sentiment IL sun
Bui,ish Spots steady.

1
Houston. Thursday. March 10.
Liverpool did not mako tho advance
that was expected this morning, futures
closing there only Lad higher than yes
| to-day This weak response TO the bull.
lshness shown on this sido was not en-
coufaging tu tho American markets. which
opened this morning few points on In
consequence The shorts soon took ad
vantage OF tho decline, and their haste
to cover gave the market better feeling.
prices on the active months advancing 10
to Il points from the lowest There was n
reaction during the afternoon, and final
| figures were fow points lower than yes
to-day.
Tho decline toward tho cioee today was
| attributed 20 tho thousands Of scaipcrs,
who were content to take small pronts.
and whose onmbtned selling gave the
market temporary weakness. The stats.
| Teal position is as strong as ever, how
ever, the new crop In yet an unknown
quantity, and everything indicates that
tho big bulls nro sull giving their support
to the market. 'rhr bears are VERY eau
tious about selling tho summer months,
Tor there is u growing belief that they witt
he unable TO got the actual cotton to sup
| ply contracts.
Many undcrs arc now advising caution
believing That the recent advance was
| TOO sudden, and that the bun furry bnr
! ABOUT exhausted itself. on the other hand
! me strength of the spot markets ~ a very
/ tnNor"b'e feature and the spot demand
| SHOWS no signs of dimiuishinW, While fu.
| lures closed AT a slight deciirr all thc.
! spot mArhets were steady ana New or
| ieans closed llfc higher
New York futures opOncd steady with
| MAY contracts pDiufX
| points OF wniio some or the lntcr months
| showed little or no Chungc. There was a
iurthcr decline early IN the session, but
iho market soon took an upward turn ana
at noon prices ranged from 4 10 points
| NJ During the afternoon SOME wualnpHs
was shown, and tue CLOSING WAS TO
! FONTS lower than yesterday on the Wrni.
! nltr nithihh. while the distant posittonA
wed d. liuo OF &c points. May sold
AT fS2 for he highest, 10 lowest and
{ closed at I7lm5 - against 2. ~ Nret.Iflhy
New orlvans futures opened steady at
slipht decline advanced during shc tofc
ilhom then reacted ana closed quict ? TO
I 4 ron ~ lower than Yesterday, Muy opcned
az fWH1tt fcll 10 i62, advanced TO rs
and Closcu ~ i.Gtd7 .66, against Z $50, go
! llie day hcfpre October sold ~ 7W for
the highest 1o2 lowest. and closed az
,edHhVt. against WimNM yesterday.
MIR H. lioopcr local manager OF thu
arm of batesou, Hooper " co, we'll
known cotton buyers Of England oft
/ iAHt night for Ncw Orleans. and from
/ There VIII ga TO iiverrool NJ fto.por
viii spend thc summer In Eul.lsud ana
( return TO this city early I'm the flu liz
/ is a very popnlur momb., a. fh. rJnu.tn
I Cotton FNchnnro mud much rpa,,t ,yos
/ cXpf ,ssed at MS dcpartiiro
Naupht a. l<enped, of Nov. aricans .o,.
f., ,b.tr t,,,.,. - -. 49,
81" '''' '''', ~ N''''u iN' ne recent
advance mas hcon so large that thcro pro
] some fnur4 tunt fb, tuntl,t bna hoo,
/ u,n, i,,,t.t.., ,,,...i,, ,,.,,,, 49,.
( "ieo,,ri9,np ibn Hl, ann" w, a q"
/ acreage which thn ,serut drcliue n.,, m
| Ne would tbersfore ndvisc nn, ,riena,
to he very cautious IN operating. ms No
ar" Alms"t certain 10 have mora or less
r,nt .,,itt u' , ~" "'rV5 5 NM
| this can moi he ,,nu tndrr5tno1 or s,.p,o
time vel. probably MOI min ms nidIi
of MRy."