The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-18
COTTON VALUES ARE LOWER
Sharp Declines in Speculative and
Spot Markets.
LIVERPOOL ADVICES uNFAV0RABIr.
The Rrcnk Abroad Caused Long
Liquidation ut New Iork-Inrvrr
Exports 10 the Continent.
;kp00l ADVICES uNFAvORABLr
oface of The Post.

Despite strong statistics and cotton ia
m.rc predictions. all markets suffered a
sharp decline today. Liverpool started
the break. and long liquidation and bear
hammerms did the rest The foreign
market sent over decline of l-6tQ2-Gll on
futures, and many doeful reports from
the spinning districts. Spot sales abroad
were small, and prices were sa!d to ia
vor BUYERS.
New York let the summer months tum-
hlc HOB points, and the distant positions
iIb points. A big business was done m
that market. and a number of tired bulls
let 80 their holdings
New orleans had very little liau,da ton
70 contend with, and held up prices bet
tor than New York. The near posi- ions
closed . points down, while the new crop
only lost points
The American spot markets were nearly
all lower IN sympathy with the break in
contract prices. New York closed isc OF,
and New orleans and Galveston lost i-lsc.
Houston was easy ana unchanged SPIN
nars were good purchasers at the decline
In New York, and took 1874 bales; On
uortcrs purchased 1894 bales In that mar
ket
To3Av's exports amounted to %, 600 bales
or four times as much ds the por; receipts.
Tho larger part of the clearances for the
past week or so have been for the con-
tucnt, where stocks are smaller and bus
iueSS better than q; this time last year.
English purchases are decreasing. and
trade reports from Manchester and Ian
cashire are not at all favorable.
The acton OF Liverpool tomorrow Will
be 'hc mAir factor in deciding the course
OF values On this side. Outside OF this
influence the general feeling IS bulllsh.
traders belov .ns that prices are low
enough, cons derlng the scant supply OF
TINS years crop and the uncertainty as 10
the next
New York futures opened easy this
morning. with-7.32 bill for August. The
highest sale WAS at 49,, ana from IN :
nom, the pr q tel! to 7.26 bv l2l7. Au-
gust then advanced To ~, but weaken q
again, and closed at Z .id1 ~. aga, as.
1.5Su7 81 Saturday. peCeGter sold at
- carly ~ thc day. fell to 6.Sl. ana
closed ut 6.S5a6.A. against 6.sS96.@ sat
urinV
In New Orleans July sold a, 7s2 shortly
after the opening, dropped TO ~, before
noon .hen ADVANCED 10 40 and closed
tail mon MS We're very firm. ard only lest
ncints during the cay.
New York Nav 1.-THE Gotten marke:
lowing unsatisfactory cables and gcner-
ally favorable crop accounts AT hand.
while the first ca, was proceed ng. Fo.-
loving the cail the market ruled irre<u-
'Nr. but for tho mos; tar; n buyers ia
Nor prices further declining eua points,
chiefly on tho near positio~s, under
weaker ruiins of spot cotton than appar-
ent here for some time past, There were
several feeble rail- Is. but In the main the
umdertone was weak later oabes fai!InG
TO 1fcrl support ana later crop advceS
show uE favorable average conditions for
the rapid devNiNpment OF the crop. The
fact thd, the Liverpool market closed with
a decline OF . 6id Tor the day was a DIS
tinci d!sapponrment
New York, May II Hubbard Bros. &
Co.'S cotton letter SAYS: our cablecrams
today repor, the decline In LIVERPOOL 10
he due TO fear of political complica tons
IN tho Leyant and possible trouble OF the
United States and cuba here. We have
sharply declined under the liquidation of
long cotton held on the nearby 70 4. .ons
our local traders have become very bear
ish at the aprlrent absence OF support
from abroad and have extended their In
forests on the short side. believing CROP
reports viii improve from now on. thus
sNihE N n marie, mora ihpn It coHld
me loves; rr.ces Of the day.
New York May 1.-THE s.tlatlon IN
dry goods s unchanged today. Staple
ccttons snow 10 changes of consequence
Brown goods dule'. Coarse colored COT
tors W thout change. Print cloths quoted
i-ls for extras. In prints there Is little
life shown. Trading Is quie, in all lines
OF staples and prices qui;e firm. thoush
CIV.
Cotton Points.
DouStnr sNpnNta Enl D., cnn ,.,,ne top,o,-