The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-06
COTTON MARKET REVIEW.
Liverpool Futures Lower on Account
Of Crctan Affairs.
AMERICAN MARKETS CLOSED HIGHER.
Were Down Several Point. CnrIv g.,
the Day, hut Soon Regulated
the LOss-The Movement.
Office OF The Posi-,

HouSton, frlday. March 8.
Liverpool greeted us with another de-
| clle this morning. futures being 2-e,dfo
2is-64d lower and spots Lied off The fea r
of European complications seems to have
been the ruling factor In the foreign mar.
ket all this week. and accounts for n
| large part OF the decline. Undoubtedly
the European powers are talking around
keg OF powder. but Il is the general
opinion that no country Interested will be
So rash as TO strike a match during tho
criucai period. In the meantime the fnan.
cal and commercial world has Its eve on
the keg.
The American speculative markets omen
ed or points down. but reacted later
IN the day and closed poir rs higher than
yesterday. The spot markets were gen.
eral1y unchanged. though New Orleans
reported loss of Lice. Sales were quite
large at several points. but the aggre-
gate did not show a very active demand
Tho amount of cotton that came into
sight for the week ending today was
much larger than expected. being l247i5
hales. or 5000 more than last week and
5000 ahead of this week last year. 1t
brings the total for the season to 1885. 900
hales.. If for the balance of the season
Is
during the corresponding period last year.
the total 1s95-97 crop will be slightly over
100000 bales. Popular estimates now
range between $4,000 and S.6O0.0oo.
At tolays session New York futures
opened easy. with $50 bid for May. and
the lowest sale was at this figure. The
rfice soon advanced to sos then fell to
6.'3. again advanced and reached the high
est price-7c-on the closing call. July
sold at $50 early IN the session. but adj
vanced about IL points by the close. the
final sale being at 100 against 7yOid705
yesterday.
in New Orleans May opened at ell adj.
vanccd TO 6.d by 1913, then fell to on.
but advanced again during the afternoon.
clqSing at 6.SSH6.s4, against 6s0a6.S1 yes
terday. July began with 60 bid. but $50
was asked on the last through call.
Houston expects 5000 to $500 bales tomor-
row. against 1923 on the Same day las,
year. The estimate at New Orleans is
for 2oco to 900. against 3072.
Sondhelm OF New York advised CarCili
a. RICHARDSON this afternoon: Local
crowd 'nclined to be bullish for Sigh,
turn. but ara not buying much owing to
the Indifference of outsiders and easiness
of spots. Movement moderately liberal
Weakness of Liverpool caused by Euro
pean complications. which don't look good
but think st will brighten shortly"
l. Il. Glenny & Co. of New Orleans wired
ID. Il. Cherry at 11:45 a. M: London dis
patch markets. weak and depressed. also
III Paris. but have rallied on better reports
from ST. Petersburg"
Mr.. Henry Il. Lockwood q we'll known
member OF the New York stock exchange.
has entered INTO partnership with MIR. At
wood Violet, under the firm name of At
wood Violet, Lockwood Il CO., to conduct
a business of banking and general broker
age on the New York stock. cotton. coffee
and produce exchanges, New Orleans. Law
elpool and Havre cotton exchanges. and
Chicago board of trade.
Tho following table shows the stocks OF
American cotton held at seven OF the
principal markets Of the world today. this
day last week and for the corresponding
date in 1896: