The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-30
COTTON MARKET REVIEW.
The Liverpool Market Proved a Dis
appointment.
FUTURES CLOSED AT A DECLINE,
Tho Boars Say Present High rriccs Have
been Caused bv Two Leaders
Working the Trade.
Cntcc OF The Post,

Houston, "Wednesday. April 80
The cable news mt hand this morning
was disappointing. Although Liverpool
futures opened firm and HIGHER. n reaction
soon took place aud the closing was barely
steady, i-efll-6id lower than yesterday.
Srots ON the foregn market were Arm at
an advance of Led. but sales were only
SlW bales. The American markets did not
repeat yesterdays bucyancy on either the
summer or distant positions, but closed at
a few points decline.
The market during the past few days
has been held at n high level of values,
and the tactics used to secure this have
been. indeed remarkable, If advices from
New York are true, kilograms from there
state that ono leading Arm. recognized az
the head and front of recent bull manipu-
lattou, has been bidding against offers to
sell mad by another large concern, both
working IN harmony Tor thu purpose OF in
ilurncing the market Fears OF manipu-
l,,tion naturally checked settling, but tho
hcnrs claim that the situation, apart from
clique control, does not iuauty lteacnt
prices and rrcditt that those VINO have
bcru follow ing tlp Innlnn huyiue may
have occasion 10 regret IT in a tcw unys
New York futures epouod steady To
. points OF ,,ad ct sgd TO > points loMci
tnaN y StNflAN. August hii hrb AT tshh
aud nuctuatca be- lween siNrNo durlns
the day. CLOSING AZ NiQ ~. Fluctuations
worr narrow ON an the attuNr montns and
sal,s wcr comparatively small
New orleans inturcH opened 20 points
on, rcmuinvd practically at the game de-
cline throughout The day ana CLOSED quiet.
3 To points iuwcr than yesterday, July
opened a, ias, dropped 10 10a anu closed
Mt .,5s-ae.
generally steady and unchanged. sales
were only OF moderate volume.
A New orleans tlrm writes ma rolows'
Tho alleged strength Of the statistical
position conssts In the ciaim made by
those In favor q cotton. thni the supply
which VIII be left IN America later on
win not b- slaiccnt to meet home re
autt~tnruts ffhts is based on the hssiinp-
ton tina, America viii oNer-oxnort herself.
We, however do not STARE IN tnul opinion.
hut believe that thn tiai" * WORKING a..
an erroneous basis. Therefore notwith
standng. we can noi concur IN hat heiiNt,
we san advise aguinSi selling me year
crop IuAitonH, because We think uN oi
gnniacd mort may 10 made at any time 70
manlIs4ilntc these months. our crop adj
vices generally ccnttnu" fIvorahic, ana
prrs.n uru.I,actA Wuuid seem 60 anticipate
quito IL large CROP barring unrayotnble
conditions later
New York. April q. Dry Good There
.id autumn stuffs and while of the foiln-
et tina sales were iaitiy large There WAS
isrcatrr interest manifested In staple cot.
tons and much more business Wns offered
ihnn accepted. as siucks are i'll better
condition and the mills are not lhr ilce
srli4rs they were. PRINTING cloths quiet
Eni steady Il, 2igc.
New York Aprn 1.-THE cotton market
opened a, a lois Of lns points. further
declined n point. but lator reacted ana
closed sivas.y at about the onrnihe iEnrra
after n foaturcless session. Tn" weakness
was largely the result of unsatisfactory
cablas which reflected inactivity on the
part OF English spinners Futures at
Liverpool were Iuli. points lower There
V rs an absence of manipulation ana crop
ndvices we're bearish.
New York. April ~ Hubbard Bros. &
Co.'s COTTON irtu.r. our mailIet opened
UNCHANGED 10 II shade lower today being
supported by tho interests supposed tn
he identified Win the movement 10 adj
vance prices This support waH particular
ly uoticentlr UNION tho May and June
positions and nftorwari ON ihe august
position The trnders were disposed 20
rIoso their transact N" I'm the months
supposed to lac affected bv this manipula-
,tcn aud await results Az tho close the
market was quiet ana stondv win traders
looking for better market for the sum
mrr positions.