The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-12

NEWS WAS NOT FAVORABLE
Office of The Post.
Houston. Tu.sd1v Nav II

| houston, IucSdlN, May IL,
Ai'cr Yesterdays sharp drubbing the
ou"s were not very enthusiastic coday.
out thev managed to hold prces ON ii bet
yer nasis' ana closed the markets ON this
side with few poin-s TO ;he.r credit. New
YORK gained points on the summer
months and to POINTS on the late de-
lNeries. New Orleans was d.strcssiugly
dun. and pr'ces there only recovered gus
points of Yesterdays decline. Livcrpools
response to Mondays break IN tie Amer
iean markets was II drop of 9.Gidp2 H.
ga on futures and l32d on spots.
sondhe.m of New York wired Cargill &
| Richardson that the weekly weather re-
port from the cotton belt was not very
good. and had resulted IN the slight i'm
nrovemcnt recorded. Doubtless weather
news Will bo the main Influence in effect
ins values from this tme forward and will
he watched with more interest than ever
before. Las. year the bears d'srogGrdcd all
unfavoiuble crop advtces and sold fail
deliveries at a reckless scale. They real
iSed thir mistake before the new crop
reached the market. This year the fall
months arc being dealt IN rather cautious
w. and there IS as vet no large interest ON
either SIDE. Tho actual chances for an
advance or a decline are about equal. AMI
VII be determined wholly by crop condi-
tons.
For the remnant Of the crop there are
many facts and figures to justify "A sharp
advance. but tho lack of speculation and
dullness of trade in America may cause
all hullish statistics to be ignored. The
foreigners appear to be taking everything
In sight. while homo spinncrs are in
dluertnt. The amount of American cot
ton atloat for Europe is $4,000 bales, or
larger than n the past three years il, this
date. Last year $4,000 bales were afloat
for Europe. the year before 10000 and IN
1871 only 10000 bales. American port
stocks less amount on shipboard, are
about $500 bales This amount in
ciudes correction of 2l,ccD bales added to
New Orleans stock TODAY. New Orleans |
now has llT,2a9 hiles in presses and on |
shipbo1rd, against $4,000 at this time last |
year.
AT today's session New York futures
opened dull but steady. with 7S6 BID for
August. From this point the market adj
vancel slowly and sold at 90 for the
highest The closing was 1891 81, against
'.@7n'SS Yesterday. December sold at 6SS
about the opening, advanced 20 6.91. and
'iosed at 6.SNds0 against 6S506.S6 yes
ter!ay.
In New Orleans the market opened
steady, with 735 bid for July. The first
sale was at 1856, and from this point the
or.ce advanced about points, closing at
.i2G7.iS, against 7.39d7.io yesterday
Houston expects 400 to 800 bales tomor-
'ow. against 6T on the same day last
tesr. The estimate at New orleans Is for
90 10 Co, against 1914 on the same day last
year.
New York May 1.-THE relative
strength of actual cotton as comparei
With tho future Est continues to he the
prominent feature of the cotton market
v!thou1 exciting the speculative interest
hat the situation might easily attract In
formal conditions OF business. Very Ut ,
10 dcslrlb!c spot cotton is available. ex- ,
opt in the way of high grades. on which
he demand is not running Mt present.
he scope OF fluctuations today was only
matter of to points. taking the swing
i the more active positions. The English )
ron news. while quite abundant. was
more or less conflicting with a bearish
Verage as tn private accounts After
pcnnS at point ADVANCE TO . points
@ iine the market was inactive. IN;
many steady in tore at net advance of
% points.
l'oston. May 1l-BGsiness in the wool /
market here tn & wreck has been SLOW. but !
hts IS to be expected after the heavy =
uslnesS Of the last four months Man :
facturors have purchased vast amounts J
/ wool ahead ana The mills have spfti- :,
ient on hnni TO last them for months To &
ono. Prices in all grades show no change
rom last wccli. Tho call for fleece and .,
crr,lorni woods is modest. and Austral- ;
ms are in good demand, with values s
oid'nc llfm. Texas wools-Sprng me- !
ium. le months. lTl2 secured. S2aa,: g
prng fine, 70 mon h.. lolrl2: secured
rico. 1885, Territory wools-Montnnn
1e mcju al}l fne, le,sdi2is secured -
30, staple. 3SG3g. Wyoming &C., hne j.
loilum and fine. l0ul2, secured, 3JG3G:
nfic. Td3. Australia-Scoured basis. C
omhinG. supcrline. lSui9 combing good. G.
IlS comb,ng. average. ~ Queensland
Now York, May 11.--Htics-oule,. Wool {,
Firm.
New York. May -wheat-Receip., G.
1915 bushels exports. 1885 bushels
pot 'irmcr;. options ilrmer on strong ca O.
eS and bullish California crop news was &,
regular NJ midday under conflicting
Gather advices from San Francisco hut CT
ounl UP with bull.sh flourish on large c,
~ iepHs higher. No. May closed ST.. lCl
aptembcr. 15is.
COTTON. z,