The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-18
COTTON MARKET REVIEW.
A Steady Closing In the American
Speculative Markets.
LIVERPOOL FUTURES WERE LOWER
The Movement Il Now Below Last
Years neutrality-suspicious. Ii
Dormant-spots Dull.

Houston. wednesday, March II.

Houston, wednesday. March II.
Cotton had steady closing In the
American speculative markets today, f1nM
prices being to points higher than yes
ter,bAy at New York, and s points UP at
New Orleans. ILverpool's loss OF 2-64d.
on 10th spots and futures. caused a weak
opening on this side. bun the light move
| n,ent and the promise OF a very small
| amount into sight for the week. soon de-
veloped much better feeling. The alb
sence OF any speculative demand rs the
most depressing factor in the situation.
The total sales of borh New York and
New Orleans today were only $1,000 bales.
This lack OF outside interest is very dis
couraging to the bulls but they contend
that the remarkably strong Statistical po-
sf,on Of cotton Is bound TO attract the
attention of Investors very soon. They
argue that the pinch for cotton will he
very severe this summer. and point to
the fact that the desirable grades are
already becoming scarce. The bears pro-
fess to believe that there will be plenty
of the staple to go around. however. and
think that prices will go lower until there
Is something to contradict the present
evidences of a big crop for next season.
At today's session New York futures
OPENED quiet with May selling at 7O2
The price advanced slowly until 7.0 was
the ruling figure, fluct,Eated between 705
and 706 for quite a while, and closed at
7.NG7oS. against 7.05G706 yesterday. Au-
gust sold at III early in the day. but
advanced to 7.1S by the close.
In New Orleans, May opened at $751;
advanced to 6.94 by HAS. and closed at
6.@Q6ai against 6.9oa6.91 yesterday. July
startled at $50. but was quoted at Sos by
the close.
Houston expects 700 to 500 bales tomor-
year The estimate at New Orleans is
for 200 to zoo. against $685.
NJ. VORTEX of Dallas, Bryan Heard OF
Taylor and Richard Lord of Galveston
ware VISITORS at the Houston cotton ex-
change today.
New York. March 17.-Hubbard Bros. &
Co.'S cotton letter says: Rain has fallen
in many sections OF Texas whore needed,
but the Mississippi is still rising below
Cairo and the danger of overflow Is st.ll
in nIinent Liverpool sent buying orders
at the close Of business. advancing prces
ABOVE !asli evening. with steady tone.
trless roHtical advices are unfavorable
these orders would seem to foreshadow
higher prices.
New York, March 1.-THE dullness of
the New York cotton market is indicated
by the fact that the total sales of futures
reached only $500, with the scene of the
fluctuations mattsr of points or less.
even on the more popular positions. Open
ing at a decline of 3lio points on disap-
pointing cables and local liquidation. the
market reacted on covering. following fur
ther reports of overflow damage in the
Missi ssirp. valley and predictions of late
planting, There is pnctically no out side
speculation Local sentiment is inclined
TO boarlshnesS. but selling Is checked by
the political complications in Europe.
New York, March Tin dry goods tus-
sress was very much better in all manu-
features of wool than in cotton fabrics.
while of the latter an irregular demand
secured good sales. They were very much
better in wool and demands for fabrics are
now very Eurge. There is n good jobbing
trade in notions at all distributing Centers.
and renewed assortments are of increa sing
frequency. The American indigo prints
We're advanced to 4A for March % next.
Pr.ntins cloths quiet at 2 9-l6.