The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-19
COTTON MARKET REVIEW.
Lack Of Speculative Demand the Most
Noticeable Features.
AMERICAN FUTURES SLIGHTLY LOWER
The High Water In the Mississippi
Docs Not Brighten the Bears.
Movement Light.
Office of The Post,


Tciay's ma-ke; was a repetition OF the
duiiness and inactivity noted every day
this week. with no new features deve'-
oped. New York and New Orleans were
temporarily inauercei ny Liverpoors
higher opening. and prices in these mar
keis were firm and a few points Up early
In the session. The absence Of speculs-
I've demand soon developed a weaker
feeling. however, and final figures were
10 points lower than yesterday. Liver
pool closed l-s+d UP on the near pest
tons. and is-sAi higher than yesterday
on the new crop deliveries.
The danger threatened by the extreme
high water in the Mississippi river 1oes
not eern TO help the market. and traders
are evidently waiting for the overflow 20
occur before taking any action thereupon.
A New Orleans telegram TO Cargiu &
Rlchs rison contained the following: Dis
ssirous overflow appears Inevitable now.
not only for the lower Mississippi but
tributaries also" Despite such inforIna-
ton. the bears seem to re worrying as
little about the big river as the bulls
are over the Eastern war outlook.
The movement OF cotton 10 ports has
been on very light scale recently. the
total receipts this week being 13 GO bales
less than last week and 500 less than for
the same week last year. The amount
brought into sight this week will hardly
be over 1000 bales. against $500 last
week. and 74.opo this week last year.
The exports today were twice as large
as the port receipts. Practically the Ell.
tire clsarances were from Galveston
where 1851 bales were shipped There
" as good sI'ot demand at LIVERPOOL, and
l2cD bales vera sold at an advance of
l-S2d. Southern markets also reported a
fair demand ard STEADY prices. Sales are
generally considerably ahead OF receipts,
and stocks are thus being Rapidly reduced.
Al today's session New York futures
opened quiet and finn. with May quoted
a, 7ts. The highest sale was at I'll, and
from this the price dropped TO 7.05. closing
at 7.osa1N, against 7o7Gy7.oS yesterday. Au-
gust sold at 10 early IN the cession, but
dropped TO 7l3 by 1875. and e.3red at ZIG
Q7l7. The fall months showed an ad-
vance OF TO points.
In New Orleans May opened at Ga. sold
at SO for the highest dropped to ssl, and
closed at 6.slg6s2 against s.93G6s4 yes
'erday. Juiys highest actual was ess.
and lowest $50, the closing being ss2lp
6.si.
Houston expects 1900 70 400 bales to-
morrow. against l2co on the same day last
year. The estimate at New Orleans is
for 200 20 &"n, against sil5.
Koch of Hamburg were visitors at the
Houston cotton exchange today.
demand for solsonable staples was more
Irregular. nevertheless come good quanti-
ties were taken by purchasers of latest
arrivals. In the movement OF goods on
recent engagements for current wants,
large sales were reached. For account of
autumn requirements many buyers did
good work In dress goods. fannels, wool
ufess faorcs, wool sackin4 and other spe-
cait.es. Printed rabrcs were In good
movement and there was more doing in
staple .ginghams. Printing cloths quiet
a. 29-l6, but fair business doing in odd
cloths.
New York, March ls.-Trade was excep-
tic nally slack in cotton today Prices
OF ned steady at an advance of 1d3 points
on better cables than looked for and re-
newed crop scares from tbs. Mississippi.
valley. further advanced lag points and
ihen weakened under liquidation on a
81 eculauve support, The weakness tina,
followed me carly marlte: was increased
by, renewe reports OF, threatening polit.-
cal CONDITIONS abroad. bur selling was
checked by claims that unfavorab!e
weather for lote planting continues IN
tie South. The close was quiet and steady
at net desline OF l19 points.
New York, March 1S-Hubbard Bros. {,
Co.'S cotton letter says: The two features
today have been the good demand for
cotton On Liverpool and the lack of de-
Ciand in our market. The threatened
overflow in the Mississippi was passeu
over without notice. as was also the Ugh.
movement of the crop.
COTTON.