The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-16
COTTON MARKET REVIEW.
Fluctuations Were Narrow and of
No Importance,
LIVERPOOL ADVlCES DISAPPOINTING.
Futures slightly Lower in tho Foreign
Market-Nsw York and New Or
loans Lttefcss.
OIL ADvlCES DISAPPOINTING.
Office OF The Post,

office OF The Post
Houston, Wednesday. April To-
Although this is supposed TO be the sea-
son for considerable speculative activity
In cotton, much dizziness us has been ex
perienced recently could hardly be more
Intensified in midsummer. There was no.
thing new in the speculation today. and
fluctuations, as heretofore, were narrow
aud unimpors,nt throughout the session.
Liverpool reported poor demand and fu-
lures were ,sQi-64d lower, though few
positions showed no change. There was
continued slack demand FOR spots and en-
h.es from the foreign market were dlsap-
pointing TO the bun interests.
Both New York and New orleans were
lifeess, but the bears We're unable or DIS
Inclined to force prices down, There was
no outside pressure to sell and very little
buying, the entire transactions OF the day
being confined TO the room trading The
large exports were considered favorable
feature, while port receipts were not ut
uli large. Expected receipts at New Or
leans and houston tomorrow are COM
paratiyely small
New York futures opened steady. TO
? points of and closed quiet with June
point NJ, other summer months unchanged
while November, December and January
were ! point lower than yesterday May
opened at IA, dropped TO 1853 during the
session hut flHetna,ed generally between
sold NJ 7.7s for the highest, and 40 low
est, closing ut 7.7i-I2.
New Orleans futures opened steady, with
20 bid for May against 1850 at yester
days close. The first sale at today : s.s-
sion was for T5s the hshcs, ut Co. and
the closing Mt .o'-ds. The closing call for
all positions showed decline of ! To ?
points, AS compared with Yesterday
The leading spo, markets made no
change in quotations Sales MT New Or
leans were larger Than for some days. the
total being 500 bales.
The annual election Of tho Houston Cot
ton Exchange and BOARD OF Trade. held
this morning, resulted in the recollection
of all the old officers and directors for tho
ensuing year. as follows II. w. Garrow,
president: Felix Half vice president; 4,
W. House. treasurer and @. w. Kidd.
secretary. Directors William V. r.. Wat
son, W. Il. Chew. George w. Neville,
William Christian. William II. Cleveland,
William NJ. Read and /; w Taylor
These gentlemen are all familiar with thcir
duties, earnest in their work for the OK
change and Houston, and their reelection
WIS unanimous
a prominent Now orleans firm. In dis
eussng the strength of the statistical posi-
ton and other matters influencing prices.
say they have received the following from
a valued Liverpool correspondent:
so much persistence has hcen shown
by siatisticians in calling attention To
the probable scarcity AT The end Of this
season that cons uillers and surruiators
have apparently 100 we'll provided iheiu-
| selves with cotton in THIS market any
| how. The most they seem ~ lie able 10 do
| now is to hang on TO what they have
| because Of fresh good buying thcre is
| none 1T looks II We might safely rely
OH the reversal OF last years operations.
| for Twelve months ago our local Inquire
operators against looking for any great
advance at that Time. pointing 10 the
en- rmous stocks and the uncortaintirs at
iached to the new crop. For a long umr
past they have had the boot on the otheD
leg, and have been equally nj fault, l.u-
ropcan politics are In 10y no means set
tied condition; American trade is poal
spce plation Is either fun or wanting al
together, and until n r.vives there seeWs
to he no hope OF a material advance for
trade IN Manchester is only Inir Not
wlthstanding this. there is no MEDITATION
TO sell short as every one looks for an
eventual improvement.
New York. April l5.-The cotton market
o,ened quiet and ste dig unchanged TO :
points lower. with mod rate trading and
unimporiant fluctuations. No change for
the better tn the conditions surrounding
the market developed over night ana ns
crop reports were favorable the market
ion throughout the forenoon, With mo
business confined as heretofore almost en-.
trcly among the board room traders and
local operators. The market continued
steady during the forenoon at about last
nights closing quotations, There was no
other development; trading was feature
less,
New York, April i5.,-I>ry goods-Thcre
WINS "A much better demand throughout
the market. of which brown cotions re-
coived greater share than for some
time, but the offerings by homo buyers
we,c too low Tor general acceplancc
though export orders di1 much better
There is a much better tone 20 Tho mar
let and prices for staples are on Pretty
snrc basis Printing cloths were Gull AT
2i2c.
New York, April I5--Huhhard Bros. &
Co says Factors hearing upon the mar
het are so evenly balanced that II remains
in Il condition OF almost absolute lifeless-
ness ri n were not for receipts, and
rumoTs corners would hav" the effect of
advancing prices. our market shows little
change from Yesterday, Notwithstanding
hullsh feeling expressed by the Local
trade. who look Tor "A better Liverpool mar
kct In the morning.
COTTON POINTS.