The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-12
COTTON MARKET REVIEW.
The Bears Worked Very Hard for a
Reaction.
ONLY KNOCKED OFF A FEW POINTS.
spots We're Firm In All Markets and Ad.
vanccd one-sixtccnth at New
Orleans.
Ofncc OF Tho Post,
Houston. "Wednesday. March II.

The bears hammered long and heavily
today. but the bulls withstood the pres
sure bravely and managed 10 keep prices
only point or 80 lower than yesterday
on the closing cnll. Local kilograms stated
that New York SPECTATORS sold heavy
blocks OF cotton early in tho session, but,
iind'ng all their offerings readily absorbed.
soon qui, tho game. There Is undoubtedly
a very hulish feelins In the Southern
markets, and the -utcome OF toiay's bear
isli onslaught has strengthened the ronf-
dence OF many half-hearted bulloclSs
Liverpool futures were very steady dur
ing the forenoon and on the second cali
were sas-6id higher than yesterday. Then
followed four y point declines In quick
succession The closing was steady, Ia
~ sid up on the near months whiio the
far positions were only ie-did above yes
terday's 1nal figures
New York futures opened barely steady.
S@i pointS on, There was considerable
weakness shown In the early part of che
session and nj one time June contracts
sold nj 1.oi or points lower than vest ~
days close. Nearly all OF this osa had
been recovered on the second cali how
ever and the closing was steady, only I
point on on the crop months. while the
TAU m0mths were the same as yesterday.
Sew YORK fGturCA Oncncd steady, sdT
points on, ana closed iuS points lower
! man yesterday. May sold down TO IA,
nqy2ncsd 20 tbs and closed az 'i9 SO,
akhlnSl tpohl yesterday, The highest Tor
| ocInhor was 49, the lowest 100 aud the
closing I0i,W
The spot markets were all firm aud
large salos were made. \ good spot de-
maud wax ropvrte1 NJ Liverpool nnd total
sales of l2cki bales were recorded New
orleans Closed itm at l-lG advance and
INlI Ia. ..f..
day for som" Time An the othcr South
cr, markets reported firm tone aud good
SPOT dcmani.
4, New York spccal Of March . unys:
''tS' bears nrc sull hatpius on tho dull.
neHs at Fan iuvcp bug the general mar
hey could say of the 'hluo gppt IT., New
England. u tin'a are so drpnlfully duh
aN the mill owners Try to make II. It Is
! singular. say tho bulls. that there con
| tilmcH such an excellent spot demand Tor
cotton. Somebody @uta It. llaEcdor I,
VINO has been a corner of the German henr
structure on his exchange. and Who nta
before turned BUN bet got worstcl. was "A
heavy huy4r today, II IL believed, both for
louG and short account. Commission
houses also were heavy huYcrs, for crtton
IA believed To hc cheap on It's merits"
New York. March II Tho bears saw
the cotton market decline 3'li points thH
morning "a the face OF worry favorable
Liverpool accounts. both private aud pub
nc They also SAW the market rally to
about Yesterday chasing figures tn the
ince Of concerted efforts to dcprcss IL
They had the advantage Of selling orders
from New Orleans N tho mornlnR but
buying orders FROM Liverpool arrested the
decline Better raport9 came from the
dry goods district but speculation re-
manned slack In the afternoon local
traders haA tho market all 10 themselves
cNceut for. somc rANcrpool huNlng orders
which came In a steady stream nearly
All DAY. Tho market closed Wtoady, with