The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-02
COTTON MARKET REVIEW.
Spot Cotton Higher Than for Three
Months Past.
FUTURES CLOSED SLIGHTLY LOWER.
The Bulls Say IL Was Healthy
NcactiOn--GOOd Spot Demund
In All Markets.
FUTURES CLOSED SLIGHTLY LOWEl


Cotton futures lost a few points today,
but the decline was small and the de-
mand so active that the bulls found COM
fort even in their losses. They contend
that 1t was merely an expected reaction
after an advance of 60 points. and does
not Indicate any weakness In the situa-
ton. Liverpool futures were about 1-6id
on. while spots were unchanged, with
sales of 1900 bales. New York fuaures
showed n loss of 4d6 points and New Or
leans 5N7 points.
The Southern spot markets were all
steady at Saturdays figures and some
large sales were recorded. Houston ad-
vanced prices Lie. uiddling now being
quoted at 7l4c. the highest price recorded
since the first of last December. Local
buyers have made large purchases i'll the
interior recently. as high as 7c beng paid
at country points In some Instances. These
purchases account for the heavy receipts
ut Houston in the last few days. Stocks
at small towns are practically exhausted
in many instances and buyers are taking
nearly everything offered.
At today's session in New York. May
and July were the active morhs. May
opened with 7,2o bid. dropped to IN, but
advanced to 1925 by noon. FINAL figures
were 7.22G7.23. against 7.26a7.H saturday.
July sold at ~ early IN the session. adj
vanced to 1888 by noon and closed az 7.Sl4
1872.
In New Orleans, May started with 699
bid, dropped TO G.96. then advanced 10 7.oi
and closed at 7,o2N7.oS, against 7.07q7 oS
Saturday July sold at 7.06 soon after the
IN a..
close.
I. E Glenny & Co. of New orleans ad-
vised d. b. Cherry this morning: "Lsver-
pool cables that the reaction is healthy
one: done think market will give way"
Houston expects 400 to 400 bales to-
morrow against 1917 on the same day last
year. The estimate at New orleans Is for
6So0 to 1900, against 7079.
New York. March 1.-The cotton market
at this point had setback this morning
following unsatisfactory English advices
which Indicated 4 recession in the price
of futures at Liverpool our market re-
spondel with a decline of 7ds points hut
s. Hing was cont,nucd In view OF the large
bus ness in spot cotton at Liverpool and
the difference of SPOT holders In this
counory in negotiations with exporters
nui srinners. The spot market is rela-
lively flrmer than the futures. However.
liquidation was quite active, as might
naturally have been expected after the re-
cent copt5nued upward movement. The
feature of the maloet is the strength in
spo. cotton. The market closed steady al
a net decline of 316 points.
New York. March Hubbard Bros. 6;
Co.'s cotton letter says; our cables from
Liverpool this afternoon stated that work
ers are returning TO Bomhay. spindlos
working half time. We are also in re-
ceipt of cables direct from Bombay ask
These cablegrams indicate a return of
confidence in Bombay and a cessation of
the plague. The market closed steady,
with half the decline of the day recovered
ana no pressure to anticipate a decline.
New York. March 1.-The spot demand
of agents in the dry goods marke, was
somewhat Irregular, st.ll large volume
of sales was reached through a number
of good selections mail orders for fuller
Quantities and deliveries made on engage
ments due this day Blearhcd cottons
were in improved demand brown cottons
were Inquired after with more interest
colorei goods were taken in moderate as
Sortment and printed cctton likewise For
all other seasonahle stuffs there was n
more general request. Printing cloths
quiet at 5-Sc.