The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-20
WAR NEWS HURTS COTTON.
A Decline Of Seventeen Points at
New Orleans.
THE NEAR POSITIONS SUFFERED.
Fall Deliveries Held Fairly steady.
Large Selling Orders From Liv-
crpool-New York spots.
Office OF The Post.
Houston, Monday. April 10

'"iu uioW To-Day. Wnlle IL Is hardly likely
'ha' the scrap between Greece and Turkey
VIII have any appreciate effect upon thc
worias demand for cotton. the spccusa tive
holders OF this commodity were ready to
take fright at the first intlmation OF a
| conniot. In their haste to RET rid of their
contracts this morning. the American,
markets We're swomped and prices broke
| rapidly. The worst was over In the ilrss
hour or SO. however, and when August
deliveries in New York touched 7.os there
were lots OF folks who wanted to buy a
few thousand bales. This kept the price
fairly steady for the remainder of tho
day. and tho closing was somewhat nettes
than the opening.
Tho total loss In New York futures was
IL TO IA points on the summer months and
to points on tho new crop deliveries
| me comparative strength of tho fall and
! WinHr months VAS due TO reports that tho
| MiSs.sslpm overflow would certainly make
| ttn appreciahle din oTencc in the next crop
as much of the submerged land could no,
| DC replahtcd. Many operators claim thai
| theSs dainase reports have been oNagger-
| ated, however, aud say that only 100 900
or 10000 babes win he deducted from thn
| coming crop by the overflow, and that
| these VIII not be missed
New Orleans futures held very STEADY
l. throughout tho forenoon but weakened
| toward the close Flnul figures were l6
| TO u points down on the summer months
| ana II TO IL points lower than l'hurstin.
| on The new crop deliveries May openet
| az 6gi, but advanced to : 90, and sold al
thiN hkurc q number of times, After tho
noon call hhe pitcc declined RAPIDLY ana
| May closed a., 6geus92 against 76sfi7 %
| Thursday. July followed May, Keeping
| eta55N sy, point or so higher, and closed at
IN New York May started at GQi. fen
| 20 693 then advanced to Tc aud closod al
| oV5qS9S, against 7nS17d9 Thursday. Au-
L. col All ii. a.
against flS97lo Thursday.
>,i Now , York spots were reduced 10. nr5
| ton madc no changes IN quotations. which
| arc practically nominal.
Corrill & Richat,igon were advised bv
| Gilbert 4 Co. OF New Orleuns: "Ovcrfiowe
| have dorc serious damage. considerable
| cotton land is submerged. hut operators
| believe replnatlng somewhat possibte,
Lack of outside speculation. Cretan wear
ana uncertainty of crop prospects make
oplhAon difncult, though don't think mar
hel VIII so much lower for the present"
Rlordan & Co of New York write: with
tho continued dullness sentiment here
grows more be1rlSh dn spite of the atron.
statistical position. The most prominent
operators here believe In lower prices, and
they rely upon better reports from the
South, which win surely follow improved
weather there, TO bring the break about.
We can not share these views. 1t seems
to ns that the strong position OF COTTON
must tell IN ilc long run. The demand
from spiilnefs is good now. and we believe
that before tho end OF the season thew
| WIN be scHlmbllng for their wants at
| higher prices General business Is slowly
| improving. and In tho face of these fac
| tors VIC do not see the wisdom of selling
cotton. short. relying for proht upon u
n In rN..f Coll. .t,s, Nn-g
general speculative pubic refuses TO
den onstrate belief an higher prices by
buy'ng cotton. and We expect tho stern
law of supply and demand to cause the
Tho New York and New Orleans OK
changes do not open again unttl Monday,
ana tho Liverpool market viii BIO closed
until Wednesday next.
Now Orleans. Aprn 10.-Secretary Hes
tors weekly statement, giving the move
ment of the crop OF the United States 10
Fr Gay last, inclusive, w9s put forth this
morning II shows that the 100000 mark
was passed during tho last week, more
cotton haVlng been marketed within mo
seven months ana sixteen days 0t The sea. |
son than during any Twelve months ~ the |
history Of tho trade except the thres years |
1880 ", 1S9l-92 and iShtgJ. the total Crops |
having been In ls90-9l. 9,652.59T; in lssi-92, |
a,0S5a79; IN 1898 15. 990l 503 bales.
For the sixteen days of April the totals |
show decrease under last year OF lSrO, |
a decrease under year before last OF % W' |
ana a iesffdSe ENINr 1871 OF Zs,VDJ.
For tho seven months and sixteen days |
OF the season That have elapSei the aggre-
gate is ahead of the seven months and s,A-
teen days Of last year i.4A0JJ. helrind the |
come days year before last l,3W 900 ana |
ahead OF tho same time in 1891 by 5000.
= heBe make the total movement for the |
seven months and sixteen days from Sep
tomber / TO April H. inclusive S,yjISi2.
against 66is085 last year, assa,ids year be-
fore hash and 70iS,d92 Same time IN 1894,
The movement snCe September l SHOWS
m alf.tg nj NIL tod Sf
1N against I9G .s0i last year. l,a9i5pl year
before last and 1876 same time in 1871;
Potomac r.vos 20 Northern malls ana Can
ada. s0s. 2J2, against 733,4i2 last year, 1.O1,-
1866 year before last and 7Gs7aJ same time
IN si II e so stocks 5 y sses OF sep' III
~ year before last and SS6 same ime
in 1894; southern mill taisings, az Sl.
against G97 III last year, 6ii. III year before |
last and 1874 .39S fanie time IN 1884.
Foreign mill takings and Canada during
the past seven days show an increase OF
26,2l4 as compared with the corresponding
The total pe.ngs OF American mills,
HSr Season South ha Snd Se snad as s tar
@ l66.679 last year. These include l,oly.asy
by Northern spinners, against l,4i2,sJ3
Leading Southern interior centers have de-
creased during tho wesk 46351, agahlsl
decrease during the corresponding psr!oI
lhSt season OF bi,luo, ana uIs INV. oo,oi~ |
larger than at this date In 1896. Including
stocks left over nj ports and interior
towns from fhe last crop and the number
OF bales brought into sight thus far for
the new crop. the supply TO date Ia s,3lb-
92l, against 6.ss7,gss for the same period
last year. ~ |
II must be remembered that the compari-
sons IN Secretary Heste's report are made
IN to corresponding dates OF previous
years.
New York. April lS.-In dry goods an T..
regular demand was the feature OF the
day and a good quantity OF stun sold Tor
wants that materially increase1
by mall orders, In which the call ior
Dieached orders was a factor; and tho
whole affected by the forward,ngs on pre-
vious purchases added a larger volume 70
he sales Wool ana silk fabrics moved
freely on old orders. Printing cloths quiet
II GIG.
Now York. April 19,--'I'he cotton fnarlet
broke Fab points today, as a natural re-
suit of the European war scare aiid IN
the absencn of adyices from European
cotton markets, which remain closed on
recount OF the rs5ter holidays Fears of
a very bearisn report from Liverpool TO-
led 10 an active Lduidaaton early
in the morning, after which there was