The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-05
COTTON MARKET REVIEW.
Liverpool Futures Closed at an Ad-
vance.
A BETTER FEELING IN THAT MARKE 7
A Slight Decline At New York and New
Orleans, hut . Reaction IL
Expected.
Office Of The Post,

| Liverpool responded to yesterdays adj
vance on this side with an improved tone
and higher prices. Futures closed 2-64i
up. and cables reported much better
feeling in the foreign market. New York
and New orleans did not show any i'm
provement worthy of mention during the
session. and final figures were a point or
so lower than yesterday.
1t Is the general belief that the shorts
have carried thing just a little too far
ON this decline. and many conservative
persons are expecting n sharp reaction
from present prices The market has an
ovtrsod appearance. and is perhaps in
a better condition for n good advance
now than for some time past. It is espe-
cially believed among those closely watch
ing the trend of affairs that parties who
are rashly selling the late months of
this crop are apt to re caught in a cot
ton "squet Re" before many weeks have
passed. July and August deliveries are
at very low price now, and though
theso months are not far from the new
crop, 1t is not at all improbable that the
worlds supply of cotton will be at a low
ebh by that time. Should a rapid falling
off in receipts indicate sucn a state of af-
fairs within the next few weeks a big
advance on late deliveries is quite apt
to follow.
Spot cotton is very firmly held at this
time. and all Southern markets report a
good demand. In Texas there is COM
paratvely little offered at prices quoted.
and buyers find some difficulty In secur-
ing the staple. There is very little cot
ton In the local market. the stock on hand
belonging nearly entirely to buyers
New ! Ork futures ODenpl firm n
points up. Part of this advance was
lost on the second call, and the closing
compared with yesterday.
New Orleans futures opened steady /
10 points up. but closed to points
lower than yesterday. May sold at 729
fore. '"'
Liverpool spots were unchanged, and to-
tai sales or 10000 bales reported. New
orleans closed steady at au advance of
i-lbc. New York Houston and Calves
ton were steady at unchanged quotations
New York correspondent, who was
very much disguised with the recent de-
cline caused by the war scare. says many
bulls let 20 their holdings Monday, and
adds: They had been holding because
nothing like the present situation in cot
ton has existed for many years. In
every direction, with peace and continued
uninterrupted trade the statistics pointed
III the world by next September. The
consumption OF European mills is $4,000
baI.s week They would use up between
bale of the present visible supply in the
world, or $4,000 bales, In addition to
the 100000 bales which Ellison estimates
IN tney now me hold in mill stocks, and still
De ABOUT 10000 bales short. All the sur
piis tne european warehouses would
hola on october would be what they
would import from India, less the iOO,-
900 bales mentioned above"
- New York, March Hubbard Bros, a
cos cotton letter says: Private advices
rom LlVerpool this morning corrobora ted
the public advices In reporting a better
feeling In that market and a disposition
TO no hopeful as to an Improvement In
prices. The market here responded In a
measure and during the forenoon has been
more assuring to believers In higher val
ues, with an increase of demand pros
pects are that there will be an advancing
price In the afternoon the market was
easy in tone and in the last few minutes
there were large realizing orders which
lowered prices several points. the market
Closing weak AZ points decline from the
top and points lower than yesterday.
New York, March 4.-Cotton opened at
an advance ofia5 points on higher cables
der ps,ssimistic local sentiment. which
caused selling quite freely Later the
market rallied on firm cables. which
uauSeu seiing quite freely Later the
market rallied on firm cables Indicating n
sood Eastern demand for manufa ctured
goods at profitable prices to English spin
ners. ne fnal market was unsettled and
selling just before the close was active.
causing sharp break. which left the
market particularly weak for March,
Wh'ch was nnally points net lower. while
o'hsr months were unchanged to points
under yesterdays closing figures
, New York. March 4.--There was more or
less demand in both the commission and
iohhing houses and the relatively large
business was done, Seasonahle specialties
or every description received attention OF
BUYERS Printing cloths duh at SIS bid
and declined