The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-26
COTTON MARKET REVIEW.
An Advance of Ten Points 10 New
York Futures.
MARCH CONTRACTS AT NEW ORLEANS
An Advance of Onc-Sixteenth in
Houston SpOts-Trntle Notes.
Office of The Post

| There was more bullish talk today than
| for long time past. The market, of
| course. inspired confidence, for prices be
| gan 10 ADVANCE at the very opening, but
| there seemed to be more than a temporary
| feeling of bulsshness. New York pelc-
grams Stated that buying was active in
| that market and that cotton was beir &
taken by prominent operators. Sondhclm
the New York representative of Carrill
q Richardson. wired tina. Rail- was the
| principal buyer IN the forenoon, and had
taken about 10000 bales. Sondhetm
thought the market had a steady undnr-
tone and might do some better. Hub
bard Bros. wired b. w, Martin that IT
| looked hike permanent advance and
adds1 the following bWlish points: Man
chester better: trade improving here; re-
celpts light"
The total gain On New York futures was
10 points on the near positions, and about
Il points on the fall months. New Or
ieans showed an advance of 10 to II
points on the spnng and summer months
ans to . points on the new crop posi-
tons. The greatest gain at New Or
leans was on March contracts. which wore
IL points higher than yesterday at one
ttne. and closed II points up. The March
notices We're issued at New York and
New Orleans yesterday. and We're geaer-
ally stopped by transferring contracts to
other active months. The load of March
longs having been disposed of, prices on
these contracts Immediately took a spurt'
upward The liquidation of March con-
tracts two weeks ago caused prices to
ran to $40. The last sale recorded at
New Orleans today was 10 points, or prac-
tcally &c above that quotation.
Spot prices were Lice higher in all
southern markets and &c up at New
York Sales were large throughout the
south, being $3.50 bales at New Orleans
alone. Tais active spot demand. even at
the higher prices. Is a strong feature. and
is responsible to a great extent for the
steadler undertone to futures
Liverpool futures were 2.G4d UP at to-
days close. Spots were unchanl,ol with
sales of 1900 bales,
New York futures opened firm with 6ai
bid for March. BY noon the price had
advanced to 79s, and 7o2 was reached
before the close. FINAL figures were 7.O0
qIol. against 8S9a6.90 yesterday. MAY
sold at 7O4 early IN the session. but adj,
vanced to 7l2 during the forenoon and
clos ed at 7.10Q7l1
In New Orleans March started with 6 7G |
,rto nI- 'ie ms sane was mace al o''N'
nv price advanced ste2 MY until 6@ was
: 80 ~ "''' ','os-u AT o'S'9o''s' against
'ca672 Yesterday May sold at 6S5 for |
tho lowest and 695 highest.
Houston expects 100 to 1900 bal,, To- |
m orrov acocr>,, ,-,9 49, 49,, '' w.
year. Tba ss,',,,. ,,o" V'i ,u@ sar'e uay fest
49, nv c9t-ihsa'e ct New orleans Is for |
900 to $500 against S23l
o0o.u. 49,
May of Wallis. Aust5n county, u.aro
,tors ~ .,,o -. ,i oou''tE' We're VS.
cay
New York. February o5.-rfuhb,rd Pros
& Co.'S cotton Ie,tsr COWS. orr ,,,a,,.,
b,a hoar se,... | ''"e'
''' wee" uoFthiht ana decllnng for so
many months that the trlde has lost con-
tidence in Tho uoa.fblc r,,in,.,aroc -,
any advance and is SALINE a., o, ,, ~
Each dav hn,vo,.er ""S ,,n-
1 decrease in the silnr,v nffered az, ui w. ne
movement provc, tbe 800, 81, ~ anu tIie