The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-24
COTTON MARKET REVIEW.
Manchester Cables Reported Less In.
quiry for Goods.
MOVEMENT DECREASING RAPIDLY.
Houston's Receipts Are Only One
half of Last Years Record mt
This Time--Futures Dull.
Office Of The Post,

OfTte OF Inc f'pSt,
Houston, TUESDAY, March Y.
Cotton Is still In the doldrums. The
drift OF the market today was within a
range of points. with prices / to 2 points
lower than yesterday on the Anal call al
New York. Liverpool was practically uli-
charged. though futures showed less OF
cd on a few positions. New Orleans
was UNCHANGED on the fall months and |
point NJ; on the near positions. The spot
markets were very quiet and rather duh,
N,lss being small at nearly all points.
Manchester cables reported cloths ana
yarns quiet with n limited inquiry. Amer
can spinncrs are making very small pur-
chases Of cotton and do not seem TO he a.
oil worried by the probability of Il
scarcity of The staple this summer.
The big falling OF in the movement this
week would seem calculated to give the
shorts scare. but Il has thus far failed
to cauee any rush 10 cover. Many argue
from this that the market must he over
loaded on the long side. though II Is lard
20 see how there could be any large inter-
est onc way or the other from the recent
light speculation.
Port re,ep,s today included 1855 bales of
unexpected c!earances a; Pensacola. but
even with this addition the total was 6J1
less chan last year and 900 less than on
this DAY last week Receipts at Houston
and three other inter or owns were about
one-half of last years movement on III s
date. In three days this week the to-. nj
exports have been o. 900 bales ahead OF
the port receipts.
Al todays session New York futures
opened dun but steady. with May selling
at los From th's tho price fell to 10
and iuctuasod between 7.o5 and les for
the remainder OF the day. August sold at
'.l6 early IN the session. fell to 7is and
closed at 7.l4uI.l5 against 7l6a7.l1 yes
ierdav.
In New Orleans May started with 60;
asked. dropped ITO SCI N. a few minutes,
again advanced 10 81 during the after
noon and closed a: d.aSG6.A, against 6.92a
SIS yesterday. July sold at 6.ei for the
hishes, aud $40 lowest closing at 6.sin
6.s5 against 6aS9s.95 yesterday. The fall
C-orths closed a. Yesterdays final figures.
Clapp & Co. Of New York wr3ne: l. ghter
receirrs are expected. Improved business
conditions, emAnating from Washington
LED; slaSlon and natural forces. are now
quite likely TO lead 20 broader specuIa-
ZION following the long depression. Tho
So rners' demand seems TO be preceding
specuaton and may lead TO a moro active
range.
!, is often urue the bears overd!scouil, a
new crop about the time II is being pu;
in the ground and are forced TO cover out
stand NIX contracts. although sold with
srret.on. htt no, sufficiently narg ned
70 satisfy iheir courage IN carrying the.r
contracts over = natural or fictitious ed-
vance.
The bears say it IS risky to bull the taI
end cf short cror. The bulls claim the
visible and inv siSle supplies. based on
neutral demands, Indicate very lgnt
stocks near the end OF the season. ana
that possibly wld speculation viii ad-
Iai.cc prices to those pr.va ling about the
ime the crop began 10 move freely n
1896.
Houston expects 7oj to s.o bales .osnor-
row. aSainst lS7i on the sane day las,
year The estimate at New orleans is for
5l9o to 4cco AGAINST SEQ.
r.. oliver OF Groesbeeck and r NJ. helms
Of Selma, Ala, were visitors at the Fous-
ton cotton exchange totay.
Julian Robertson. represent ng the cot
ton department; OF II. u. Taylor & Sons.
has been elected member OF the Hous-
ton cotton exchange and board OF trade
New York Marches. Hubbard Bros. d
cos cotcon letter a1ys: The failure OF a
prominent firm at Pars. TEXAS. had an
unscttlirg effect, though 50 far as known
ttey had no interests in This market. The
slight decline was due 10 tho feeling OF
factor Spinners ar. reported TO nave
bought freely here today for prbrnpt de-