The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-24
COTTON MARKET REVIEW.
Liverpool Futures Were Quiet at q
Decline.
AMERICAN MARKETS WERE MIXED,
Prices Wont Up and Down aud Closed
with Worry Little Changc-Spot
Quotations Easier.
office OF Tho Post,
Houston, Monday. March g,

The failure of tho American markets
to follow up the advance at Liverpool
Saturday. did not give that market any
announcement to maintain prices at to-
days session. consequently very little sur
prise was teit when Liverpool futures clos
ed 2a2l2-iid lower.
New York and New orleans futures were
quiet and inactive throughout the day,
ana though few points Off on several
occasions, closed with evry little change
from Saturdays prices
Local adViccs stated that there was a
nttic speculative demand in the market
centers, consequently IL would be difficult
10 sustain prices. Coupled with this Ia the
bad state OF the dry goods business, which
Is causing considerable Uneaslness
amongst the spinuers. Local traders arc
considerably mixed In regard 10 the stu-
alton. and nearly everyone seems inclined
10 exercise prcchutlon Mt this stage OF the
game Neither the bulls nor the bears
are aggressive and toduy's Figures seem
ed to Indicate that the market was left
10 take care OF Itself. No conservative
r2rson VIII deny that everything IN the
way Of statistics favors a better market.
put as long as trade conditions show the
present dullness II Will lie difficult TO
cause an active speculative interest.
New YORK futures opened steady with
the active months to . points up. ON the
second call there was n slight decline, but
the closing was steady ranging from
point 9dt To point up May sold at Z 3d.
6i Mt the opening, advanced 60 7.6i during
the session, then fen to 5S and closed At
762-63, against 7dl-6a saturday. october
sold nj IA for the highest. dropped to
Z 81, aud closed at 722-s3.
New Orleans futures opened quiet / to
POINTS Oft, and ON the second call prices
ranged from to points lower thHn sat
urday. Part OF this loss WINS recovered
curing tho afternoon, and the closing
was | point on on the summer months,
while the distant positions were 1 point
higher than Saturday. May sold AZ 5h
at the opening, dropped to AS and closed
at 1851.
Liverpool spots were easier. though
Quot0hlN unchanged. New York. Calves
ton, and Savannah were 1-iGc lower, hut
Other leading American markets were nm
changed salea worc Hight at all points.
William " kmg of New York wrote az
follows to Cargil & Richardson. under
date of March 20; "l regard the position
Of cotton, statistically, very strong The
ChrcI iclo tomorrow win probably make
port stocks (deductug that on ahipboard
not yet cleared about $50. 600 bales. which
10 the smallest port stocks since the seas
100000 ana inddlinE cotton IN New York
during March 1890 was llUliA.
should exports continue and deplote
stocks further should deem It dunger-
oue 70 hn short of the summer months:
indeed II trade in this country was any
lning Ike decent, cation would now he
selling considerably higher We have poor
trade and lack Of speculation TO contend
with. The new crop months. In my opin-
lon arc largely oNcrsuld. on any decline
would advise buying them. Some day we
shall nave scare or bad weather or
something of that sort"
Clapp SEQ. of Now York say IN their
list letter; "The print cloth market ranges
about 2hc, or but fraction above the
lowest price on record with stocks at
near the maximum point. We believe the
supply of moisture has been ample: thai
the prospects for a. large acreage and tho
purchase OF fertilizers materially exceed
.sat or any previous year that the use
or fertilizers ordinarily increases the pro-
uuciion OF cotton per aero about l3 per
cent, aud thnt IL is possible the next rrop
VIII yield 20 or 20 per cont more cotton
hcrehgc. Tho bulls a year ago began a
campaign that caused "A 4 cent advance
which Vas followed by mora than
action IL now due"
noe Msw york G March y}o 90. Hubbard
mo market except for n bricf
period during the forenoon has shown
little animation The largo receipts
checked the small advance aud sellers be-
cam" more aggressive MS the limit sr-Nlo-
nand WIS satisfied. OF general business
mere was little and the transactions were
OF local interest only The dominant feel
lng liz one of announcement at the lack
OF interest In the market. After minor
our market closed steady at
II sllEht decline from the closing prices
of Saturday but without any disposition
to look for a further decline In prices
Notwithstanding the discouraged condl-
ton of the dry goods market.
New York. March 23--Tho cotton mar
ket opened atendy with prices higher by
a point or two there was a further adj
vance Of lag points. which was followed
by break of bq7 points. with tho market
closing steady. The market was n small
better than were looked for. but ndvices
from the South woro bearish Consld-
cradle cotton In Interior Texas IL said to
bo only awaiting for good weather TO
he shipped to market. II was also claimed
that much of tho land intended for corn
lnd oats In parts Of Texas viii be planted
WIN 5otton, Bad irade conditions also
caused hesitation with buyers.
New York, March 23-pry Goods. II
has been quiet market az n result az the
snowfall Mail orders came to hand IN
air numbers. hut wants were Of much |
reduced proportions. Worsted dress goods
Of fancy charncter and brocaded effects
are doing well ms also are printed novel |
tics; also figured taffetas, printed fnncirs
ana satin ducks. but silks arc neglected
or the moment Printing cloths quiet
and steady at 2ia. and no business of mo.
ncnt IN progress.
COTTON POINTS.
The Liverpool market will lie closed
holidays
Houston expects 27OO to 5000 bales tomor- |
row' AGAINST 5f1l last year; New Orleans
aeOo 10 $500. against 97E.
Hon. i. i. Foster of Veiasco, n mem |
Der of the Houston Cotton Exchange, nnd |
George w. Polk OF San Antonio were on
the floor OF tho exchange today.
Hubbard Bros. a. Co. wired II. w Mar |
tin at $3.50 n. m: mo speculative feeling |
Don't think speculation strong enough to |
sustain market, short interest having GOV. |
cred. Dry goods business reported bad.