The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-30
COTTON MARKET REVIEW.
Liverpool Futures Were Lower and
Disappointing.
THE MOVEMENT IS VERY LIGHT.
Considerably Lcss Thnn Mt This
Time Last Ycar-stocks at Lead
ing Murkcts-SpOts Quiet.
Office of The Post,
Houston. Monday. March %.

Houston. Monday. March %.
1t was a very dull cotton market today.
with prices favoring the bears. Liverpool
| futures were i2-64du Ltd down, and spots
showed loss OF 1-32d. New York closed
| lag points lower than Saturday while
| New Orleans ranged from unchanged to
point of Advices from New Orleans
fully confirming the report OF very dis
| astrous break In the Mississippi river
| levee Just below Greenville, steadied the
American markets for a short while. but
caused no activity whatever The light
receipts we've also disregarded. as well as
the estimates of small movement at
Houston and New Orleans tomorrow.
May cotton is still hanging around 10
In New York. and has been practically
at that figure for the last two months
selling at 6.73 for the lowest and III
highest. During that time the bulls have
contended that the price should be fully
cent a pound higher. while the bears
stil think &c entirely out OF reason. and
saw that 6i2c Will seem high for May
deliveries before that month comes
around.
Cotton Is now about Nc per pound lower
than at this time last year, when stocks
of American We're only a few hundred
bales less than now and daily receipts
| considerably larger. The bears have
some advantage this year, however. in
the fact that stocks at Liverpool. New
York and New orleans. the principal mar
kets. are still quite large. and have de-
creased very little since the first of
March New York. for instance had only
lGl.oo0 bales mt this time last year, but
now has $1,000
At today's session New York futures
| opened quiet and steady, with May SELL
| ing at &c. The price fell to 6.96. advanced
10 &c again. and closed at 6.97g69S against
| 699d7c Saturday. August sold at III early
in the day. fell to 7.05. and closed a.
7o6q7.07. against 7.osQ70o Saturday.
In New Orleans May started ait 6.Ss.
sold at 6s9 for tho highest. fell to $50
and closed at 6.S616ss against 6,S1@6SS
| Saturday July sold at s.s1 early in the
session. fell to 6s7, and closed at c.ssa6s9.
| The total sales of print cloths at Fall
River during the past week amounted to
| 10000 pieces. Several faree mills that
We're closed during the week IN order to
| ful1ll their short-time agreement started
| TODAY on full time with large orders on
| hand.
| Houston expects 400 TO 1900 bales to-
morrow. against 4lo3 on the same day
| last year. The estimate at New Orleans
is for 200 TO $500. against 1854.
New York. March 2a-The days bust
| ress In dry goods turned ont as well as
the opening indicated. Many brown cot
tons were taken in moderate to fair guam
titles. Bieached cottons did better than
fnr two far
cutters use We're in improved request.
| Prints were in good order demand. Wool
and cotton dress goods shared in many
selections. Underwear for autumn was
looked after with more interest. Mems
| goods. fiannels and blankets commanded
| more attention. Printing cloths firm at
s-lo' Sales. 10000 pieces odds
New York. March 29.-The cotton mar
| ket was disturbed today by political I'M
| eas,ness abroad and the sharp decline N
consols, followed by low Liverpool cables.
| Our market. however, opened steady,
| with prices unchanged to points higher
on reports of a disastrous break in the
| levoe and consequent flooding of ampor-
| tant cotton districts. Spectators failed
| to appreciate this feature and the local
| contingent had the market practically 10
| themselves. Tolerably good reports were
also from Fall River. which also checked
| selling. Private wires ind eating back
wardness IN portions Of Texas and other
cotton centers caused local covering IN
| tn afternoon. The market closed steady
| with priccs unchanged TO 3 points lower.
New York. March 29.-IIubhard Bros. &
Co.'S cotton letter says: Tho European
markets were affected by the fear of po-
litical complications IN the I.evant and
| closed lower than Saturday. Locally the
| market has been exceedingly dull, but
| rema ned practically unchanged during
| the morning. A clo1c shade lower than
| Saturday Is the record Bombay reports
| q 900 bales, against Al 900 last season.