The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-04
COTTON MARKET REVIEW.
Ncv York. Liverpool and New Or.
! leans Showed LOSSES.
SPOTS ONE.IIGBTH LOWER.
chases I'm Fcbrunry-POrt Re.
p ccipts Were Small.
Office of The Post

Houston. Wednesday March 2.
Speculation In cotton today was or +,
very small scale and fluctuations wcre
narrow Liverpool showed further de-
cline of la-6idMl-Gid on futures, though
spots were unchanged. New York nd
ded about four points to Yesterdays
break. making loss OF 20 points this
week. New Orleans came In better than
expected after the holiday. and showed
q total loss of only 10 or ~ points. against
n decline of Is to Is points at New York
In the two days. The American spot mar
kets were all easier with prices 1-l6Gpl-Sc
lower
The strength and activity shown by cot
ton all last week led many traders to be-
lieve that the period of duilness had end
ed and that prices would continue urwa-d
with only an occasional reaction The
activity seems to have been transferred TO
the stock markets. however, and. cotton
has not even felt the shadow of this boom
In the las. three days. Advices to Car
gill e. Richardson this afternoon stated
that consols had closed 2-l6d higher and
wheat lower at Liverpool. which Is taken
as an indication of better feeling IN
European politics.
secretary 11estcr's statement OF the
amount In sight by March II, so, 900 bales
created no comment. though tina large
takinss by American spinners during the
past month was considered a very favor
able fcatrre. The demand is being watch
ed closely at this time and win probably
have more effect upon values than re-
coipis A crop OF $4,000 bales will be en-
tirely too small If the business conditions
Of this country and Europe Justify spin
n 10, tab trtv ft..,,
amount of cotton needed In past years.
At today's session New York futures
opened steady, with I'll bid for May de-
l.verca. The highest sale was at 715 aud
from this the price droppsl steadily until
ZOO was reached. Closing figures were 7.O7d
70s, against 71lQ7.l2 yesterday. July sold
at 7.2l eaGly In the session. but dropped to
7.i5 by the close In New Orleans Nav
opened at sos. advanced to 6.96. then be-
gan declining. reaching bottom at 6S.
Final figures were 6.S7QG.S9, against 7O2
Q7.0S yesterday. July sold at TOE for the
highest and SOS lowest. the closing being
6.95n696
New York, March 3---The action of the
cot"a market today has been a dstinc:
disappointment to the friends of the
staple. Early cables were better tina eA-
pected and the first call shovel an adj
vance of Sd5 points on most positions
later cables, however. were disappointing
ana long cotton came on the ma rkct free
" resulting IN a break of 9Ull from the
higher rr'cas. Liiquida ton WIS active all
a,ons the line. At the decline there wore
eHorts TO rally the market. but the pro-
ItsSional clement showed hesitation. The
close was steady at a decline OF las
points.
New York. March 3.-TIubbard Bros. e.
Co. cotton letter says: Locally the mar
ket has been effected by the contipuod
the, conditions Of this side OF the Atlantic.
which how declines in movement.
New YORK, March ain dry good
business was less active during The
0 0Ssp,i n;o-! in In, eo oosi Of small
was no change In any direction and
trough many wants were satisfied by per
moderate quantities: Printing cloths wtre
IN demand with sales of $4,000 pieces for
May to July at 5-s.
Cotton Points.
Hubbard Pros. & Co. write: 1.-THE sales
IN Europe are on a larger scale. and II
contihued any check will be but momen-
ing"
Houston expects 2loo to 26oo bales .omor-
row. against IN on the same day last
year; Inc estimate at New Orleans Is
fer 22oo to 200 against 1889.
Price, Mccormick & Co say. "While
some reaction would be only natural after
me Improvement o. about t2c per pound
lcrently experienced. the situation is
Justify ultimately higher prices.
the Alabama commissioner chlims that
u other states purchase as much fertil-
iHers as has been purchased by farmers IN
rs STATE crop of 100000 bales can be
COOKED FOR y telegram from Natchez
MISS, reports the sales of feril Yers 50
Tar th.s year TO be 500. against 25gJ last
year.