The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-06
COTTON MARKET REVIEW,
A Rush Of Selling Orders Caused
Liycrpool's Decline.
WORRYING ABOUT POLITICAL AFFAIRS
Tho American Markets Followed the
Drop Abroad--very Little Buying
Power Manifested.
office of The Post,
Houston, Thursday. March

| Liverpool proved a disappointment to-
day, futures closing s4-tid lower than
yesterday. This decline was attributed
TO a rush OF selling orders there and a
generally depressed feeling throughout the
! continent. duo to the strained relations DO
tween this country and Spain. and the
bad state OF affairs In Italy. Liverpool
spots were unchauged however. and salos
werc considerably larger than any day
heretofore this week.
! With the slightest encoura cement from
| abroad the American markets would un-
| douhtedly have advanced to-day but when
the foreign cables had ticked out their
| little tales OF woe It was Impossible to
| sustain prices. Everything bearish seems
! still tho fashion, but the Indications are
| that the fashion Is being carried to an ex-
| tremo that will forco q change OF itself,
very soon. II Is true that the political
| complications throughout the world and
the unsatisfactory condition of the dry
goods trade are ngainst the market. yet Il
| IS also fact that the established position
| OF cotton becomes stronger daily, while
prices are at a very low point and are
entirely too low IA compared with other
years and the conditions surrounding
Thorn.
New York futures opened steady at a
| decline Of to points. \ point or 40 was
| aided to tho decline OH the second call
| and the closing was to ie points below
yesterdays figures. June contracts sold
az ~ during the forenoon, but closed at
| 1886, against 1lb-ii tho day before
New prleuus futures opened steady TO
IA points on At noon the dc,,lne mad
rearhn' 70 10 points. but there was Il
a
| noon and about point OF this loss was
| recovered. May sold Mt 7,2l for the highest
aud 1lA lowest, closing at 1.l7-lM against
rs Yesterday October was quoted Il;
GN on the tirst call, dropped TO 6.S and
closed at GSi-S5.
Liverpool spot sales were II, 900 bales Mt
yesterdays prices. New York, New or
leans. Galveston ana Memphis were l-l6c
lower Houston closed steady and un-
changed.
The combined stocks Of cloths Mt Fan
River aud Providence now amount to l,l6l,-
GOO pieces; Fall River $4,000 pieces and
Providence 2i3.o0O pieces. Fan river stock
seems likely to rcnch the milton market
NEXT week. Sales for weekly delivery at
Fan River are 100, 900 pieces for March. hl,-
900 pieces for April. 32,0O1 pieces for May
and a8.001 pieces for June beyond June
there are no deliveries contracted, which
shows an unusually curtiu,ed forward
business for the time OF year
At tho opening of this month there were
only 2l7 bales of cotton ON platforms OF
the Houston and Texas Central railroad
l6223 at stations on their road and l0,JOo
estimated yet in the country making
total actual and expected of q $40 bales.
The report of the Southern Pacific shows
go on platforms. 10iS at towns ana inio
estimated In the country; total. ,chF. Inc
entire amount OF cotton remaining to he
hon IL
according to these figures. Is only h,sH
bales.
Now York. March 6.-Thero was decline
OF Gu7 points IA cotton 10 Start with; later
II declined i00Ia points. Trading was act
i've under liquidation OF long contracts
scared out hy ~ @J4gi point slump nj Liver
pool. There WAS also some anxiety over
the Cuban. Spanish, Italian and Nonesuc-
Ian situations aud the shorts wpro about
the only huycrs Yhrro was less unHnlmty
In the reports from the South respecting
the larger acreage 10 be devoted TO cotton
and the larger uac OF fertilizers TO he pitt
on cotton bands. Tho bulk of reports com
ing here. however, are still hcnfiah on this
account rhe close vas stendy at ah11'
the lowest figures OF the scssion. II de-
cline of p1a2 points.
New York, March 5-There was roln-
lively more spot business doing with dry
goods iobhcrs than with the commission
merchants, AllhouEH II goo hulnort oi
buyers were with the latter. The atoppage
II 70 per cent of the mills that make blue
goods 10y the recent storm. ~ attracting
greater attention. as the largest producer
VIII not start for two months and ohcfS
viii not get IN running order for TWO
weeSs. Printing cloths duh at sA
New York, March 5.-~FIubhafd Bros. q
Co.'S cotton letter says: The trade is sur
prised at the weakness of the market.
ttsh IN. hsy nt,t
liquidation under the influences of hhvices
from the South regarding the amount Of
cotton SIN TO come into sight and the
preparations for tho new crop The mar
koi closed steady. with the trade rather
oxps citing higher prices IN the morning
though without nuy permanent basis as
yet for this opinion.
COTTON POINTS.
VIM. Thatcher OF Bolton was visitor
at the cotton exchange today.
Houston expects 500 60 100 bales to-
morrow, against 1861 on the same day last
year, New Orleans 1900 TO 1900, against
1861.
Hubbard Bros & Co wired 49, W Mar
tin at $3.50 "A, m; "LiYerpool discouraglng;
sellers tmid. but market looks lower
Gilbert g. CO. OF New orleans advised Il.
Careil at l;SS y. M: Market very STEADY;
drink bear side getting too fashionable"
According TO r. r. klobardsons adyices
Bombay receipts for the week were STOW,
against 22 900 last year and 5000 the year
before; shipments 1900, ngalnst 5000 IN
1898 and 900 IN 1884,
Il. Careill received the following from
New orleans at 1910 L. m. New York
wires Liverpool Disappointing. decline
continent In consequence OF the CRISIS In
Italy"
King Of New York wired II: II. Richard
son at 1920 p m: "Feeling pearish, Ger
mans selling; no outside support some re-
action urObaDlC."