The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-08
COTTON MARKET REVIEW.
Fluctuations Mere Narrow and Little
Trading Done.
NEW YORK FUTURES ARE LOWER
Mississippi River News still Very
tnfnv0rnb le-purcau Report Will
lie Out Saturday spots.
NEW YORK FUTURES ARE LOWE
Office o, The post.

OIIlCH OF me iDSAs
Houston, Wednesday. April I.
Liverpool futures were not assuring 10
either the bulls or the bears, and gave no
real indication of what the foreigners
| Thought of the cotton market. The near
positions closed at a bare one-haf OF i-e4i
advance, but the late deliveries showed no
change whatever. Sondhe.m wired that
| Liverpool sent buying orders to New York
early in the day. This caused an advance
OF about 3 points but selling orders soon
developed weaker feeling and the close
showed decline of to points. New
Orleans held quite steady throughout the
| day. and, though losing part of the fore
Moons advance. final figures were TN.
charged from last Mondays close.
The probable effect of the MISSISSIPPI!
river overflow is st,ll the man subject o.
| discussion in cotton circles, bu, the
gloomy outlook in that section has not
yet had any appreciabIe effect upoa
values. In 1895, Washington county, Mss,
produced S7.022 bales The counties now
subject 10 overflow n Northwest Missis-
sippI. a large portion OF which will be COW
cred by water produced that season Is
c0J TO 1900 bales-that is, cotton that
came to market after September !. 1875. II
the west hank goes under. then Arkansas
and Louisiana VIII also be delayed IN
planting operations If nothing worse.
There IS now being submerged on the
east side, with a prospect of crevasses on
tho west side, a territory that made be-
tween 10000 and 5000 bales IN 1885.
At todays session New York futures
opened quiet and firm, with May selling at
7-o7. The price fluctuatcd between 10 an
7.0S for The first hour, then fell to 7o2 and
closed at 7.OSa7.oi. against 7.o5 yesterday,
August sold at 7.l9 early In the session.
fell to 7,1S and closed at ia.
In New orleans. May opened at &c,
dropped to 6.96 and closed at 8. q6d6. IS, or
practically the same as Mondays fna!
figures. July sold at 7.Ol on the opening
call. but fell to 6s7 and closed at 6.ssa
6.99.
A telegram from Opelil1a, Ala, says:
The lateness Of tho scason has checked
the sale of fertilizers and will undoubted-
iy have a tendency to decrease the pros
pective cotton area. Much depends on
tho weather during April and May Re
oeipte OF cotton ara simply nothing. stocks
are The lightest known at this reason of
the year. The Southern factories. It :
claimed. are stocked until June / and
uncounted interior towns.
The long delayed bureau report Is ex-
pected on April 10. Delay In completing
IS sad to be due to some Southern rail-
ways not making returns. Il VIII indi-
cate The amount Of cotton marketed and
the amount left In planters hands.
Houston expoote 900 bales tomorrow,
agaills, llli on tho same day last year.
The estimate at New orleans is for lJJD
to 1900 against l725.
The New York cotton exchange VIII
close Friday and, Sa.uriay, April l6, and
II. The Liverpool exchange will be closed
April 1G, II, 10 and 20.
New York. April 7.-On the part OF
tho many buyers In the dry goods market
there was much shopping INDUCED n for
woolsn speclalt!as for current and au-
tumn wants and many engagements for
moderate quantities for such goods are
s per cent and upward higher than d
week ago. Cotton goods OF the staple
varieties were In slack demand, though
for co!ored and fancy ooWonf and printed
Cal.cocs there was more dong printing
cloths quiet but firm nj 29-ltc for square,
though III odd good. considerable business
was done.
New York. April 7.-Thc cotton market
advanced 2 TO points at the opening,
carly cables being quite as goo! as look
Cd for and the adyices from the flooded
d!s,rcts bclaH sim bad. Speculation,
however failed to show up and local SELL
ing carried the market back 70 yesler-
checked by Increased reports. Of indiffer-
ent hohlers OF spot cotton and a good de-
mand from exports and American spin
ners. during tho early trading Liverpool
part ss bought considerable. The close
was steady. to points below last nights
figures
Now York. April T,-FIubbard Bros 4.
Co.'S cotton letter says: During the curly
forenoon the markct was dull and llstlcss
The good undcrtOne' reported from Liver
pool gave small stimulus to prices here
and sellers were indisposed TO anticipate
lower prices The markct declined, how
ever, and offerings of the new crop posi-
Hons. due to what was considered more
ifavoinhle news from tho Hooded ana
thrcatac1 districts, sappel its strength,
Later th.. usual government report was
ccrstrpsd favoraby and some pressure to
~ ..-,1t.d xpGth ppug IpTuDle lttiiun