The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-09
COTTON MARKET REVIEW.
Liverpool Futures Closed at a Slight
Advance.
THE SITUATION is STILL MIXED.
Sentiment 10 nuliish, Hut Many Facts Are
Undoubtedly Bearish-Exports
Show = Dccreaae.


Iiverpool's advance WIS only ltd to-
Cay, but there was u moderate MI iertune
of stoadiness that gevc the bu;ts scntc ell.
couraeemcnt. Tierc had been ~ mi. an
ticipation OF weakness In the foreign mar
ket following tho dullncSs shown on this
sido recently and the Improvement In tu-
lures this morning. though small. was
considered very good feature. The large
receipts at United States ports and the
heavy interior movement were not at all
favorable, however. ana naturally caused
somewhat bcarish feeling. Exports also
look very small when compared with last
years figures at this time. There was
very little life in either OF the Amer
lean markets and fluctuations were
within narrow swing New York man
aged to close at IL slight advance hut
New Orleans showed Il few points decline
on the closing call
There is undoubtedly a bullish feeling In
the market. but with continuance of the
present dulncss II * difficult TO see how
prices can be maintained. AS expressed
by local observer, Tho small visible
supply makes one bullish. but the light
demand is certainly bearish" Not only
are sales for future delivery ut n very low
point, but spot purchases are also next to
nothing.
New York futures opened quiet and
steady 10 points lower than yesterday
rs rule, though May was point up.
Prices showed very little change on the
SECOND cali, and the CLOSING WAS stcndy
1 to points up. May opened NJ 1862
dropped to iG5 during the session and
closed at 1890. against 1905 yesterday.
Aurus; sold al 90 for the lowest and
Ii2 highest
New orleans futures opened quiet with
very little change from yesterdays fle-
urcs, GA the second call prices were I Ia
points OF, and the closing was 10 .
points lower Than yesterday, May opened
at 1856, dfopped to ia and closed al ;.6e-s2
against ,~l-G5 yesterday. There were
VERY few sales of October contracts, The
lowest hens al e95 and the highest 500.
Liverpool spots were steady with no
sales were lQ.eoo bales. The American
markets were nearly all steady and nm
changed.
n New York special to tho Picayunc says
tho bears continue to spread doubtful
stories about what Fall Rivcr and Provi- |
dence are going to do. In addition ihoy
are predicting dolcfu things in the South.
An evening paper In New York usually |
ranged on the bear side says
The manufacturers agree that there IL |
no profit in the business with spot cot |
ton commanding S cents per pound on the |
basis of middlinl, and print cloths barely |
bringing ~ cents per yard only once be
fore have print cloths been quoted briuS |
this price. ana that was IN the commercial !
panic OF iSsl-a5, when they sold about aapc !
But then cotton was about 9hGlc per |
pound cheaper than the prevailing prices |
the Southern sp!uncrs are
as badly off ms the New England mann- |
fhctur,rs. The president of ono of the /
largest cotton mills IN North Carolina says
most af Them arc londed with raw maternal
bought AZ considerably higher Prices. ana |
are carrying large stocks OF staple goods |
that are at present almost unsuitable cx-
rnpt at n great sacrifice. He says; Goods
nrc cheaper than ever before. but no one
seems TO want them. We are now working
On hail time. and IL no Improvement oc-
ours soon we VIII shut down entirely until
business rcNiNes.
The annual meeting Of the Houston Cot
on Exchange and Board of Trade viii be
held next Saturday. April II, Mt II n. IN.
A meeting was held pursuant TO call this
morning and adjournment taken until the
late mentioned. when the regular bust
icss TO come before the annual meeting
viii be transacted,
nco Thursday of last week the Liverpool =
otton market opened with sales Of 10000
'ales and "A net advance of Ign point on
utures Private cables were discourage |
ny, As the result Of the foreign news our ,
markets. opened to , points OFF and fur
her declined 2u3 points. The principal
actor OF weakness next to the disappoint- =
ng foreign news was the continued bad
oudtion of tho cotton goods trade In the ,
ountry Notwithstanding the tempting re-
uciions made by spinners In this coun-
ry The close whs steady at unchanged
riccs to n net advance CT 4 points.
New York. April S.-There was more stir
u The dry goods market than for any
ny OF the month ana through Irregular
urchascrs IL fair business was worked
hat took n very fair quantity of goods
hat was considerably enlarged through
he many orders for moderate quantities.
'Xports of cotton goods this week were
,y,0 packages. OF which lO7Gi packages
ere sheetings and drills. Printing cloths
ul AT 2h.