The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-11
COTTON MARKET REVIEW.
Speculation Mas Very Light and the
Advance Small.
TWO TO FOUR POINTS WERE GAINED.
Port Receipts Continue TO Exceed
Last Years Record-Discount
ON the New Crop.
TWO TO FOUR POINTS WERE GAlNEI
Office of The Post.


The cotton market braced IN little
today. despite the extreme dnllness. Sales
at New York and New orleans together
cniy amounted to 5000 bales. The apa-
;hetic condition of the market is in strong
contrast to the activity recently pre-
yailing and this of itself has tendency 10
keep values In a rut. The iluctuatiors to-
day were within n rage of PORTS. from
the highest TO the lowest. and the gain
for the day was only Q to points. Sond-
helm OF New York wired Cargill and
Richardson that Livcrpool's Improvement
after the opening and their traders buying
IN the New York market caused the better
feeling seen carly in the session. Liverpool
futures closed l-64dQ 2i2- 64d higher than
yesterday.
There are still some dsqrietng factors
in the Greco-Turklsh mbroglio and these
cause spectators to disregard all favor
able features, while the heavy port re-.
ceipts naturally add somewhat to the
bearsh feeling. The bulls are generally
sticking to their colors. however. and
refuse TO rcl.nqu.sh their ideas of an
American crop smaller than spinncrs' re
quircmorte. 1t is quite evident that the
bars are not fully satisfied that there
they are still seli;s October deliveries 2S
to 10 points telow July and August. This
discount is naturally basel upon H. oo'n-
ion that the new crop will he an immense
ore but the man who sells the fall months
on this belief is merely putting his faith
in mans ability to plant the seed without
counting upor natures capacity for de-
stroying all of mans best laid plans. Ma
ture, backed by the winds, rains. neat.
worms ard insects in her control. gencr-
ally takes the bull side Of cotton
At today's session New York futures
opened steady. with May selling at &c.
TIE price quickly advanced to 705 then
fell to 70l. but again advanced few
points closing at 7O307.O4. against 7.Ol
yesterday. There was very little trading
IN July contracts. actual transactions
ranging between 7.ooG712. The final fig
ures vero 71id1l3, against 709G7.1O yes
tcrdev.
In New Orleans May orened at e24 adj
vanced 10 SIS, and closed at 6,NonsS.
G.ai at ono time during the day but closed
at 6J0q6,9l. The fail months We're 10
points up
Houston expects 1900 to 2lOo bales to-
morrow against So on the same day
last year. The estimate at New Orleans
Is for 200 TO 300. against "S7i.
j. W. c. Coulsen who Is connected with
the Houston branch of the firm of Bate
son. Hooper & Co., left yesterday for Liv.
crppol England.
New York. March 10. Hubbard Bros. n
Co.'S COTTON letter says: a quiet market,
with little dispusVien TO enter Into now
cngagements, IS the story of the morning.
European adviccs were disappointing, hui
no Sellers appeared on the opening AMI
prices gradually improved under Liver
pools buying The market during tho
afternoon was Quet and steady, imrrrv-
ing on some foreign buying which absorb
Ell the local offerings.
New York March lo.-ln the jobbns de-
partmcnt Of the dry goods trade large
business has been done, and, though en-
EaEemcuts were more moderate than fot-
rly. the large number OF buyers put
he market UP for any deficiency m
amounts. In commission house c!rcle3
quite a number of important buyers were
present. Printing cloths qu-et at 9-l5
New York. March l0.--rhe cotton mar
ket opened quiet. 10 points higher to
points lower This was followed by an
| advance of SG5 points on better late Ca
bios. but speculative support failed to ma
| tcra'ize and light local selling caused II
| partial reaction. Throughout the sess on
tho marker, held n firrn undortone ana
| considerable local confidence was shown.
| The narkcg closed steady at net adj
| Val a. of lHIt npintS