The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-12
COTTON MARKET REVIEW.
Futures Opened Higher. but Closed
at Decline.
SPECULATION WAS VERY LIGHT.
New Orleans Closed Five TO Six
Points DOwn-HOustOn spots
Onc-sixtecnth Lower.
Office of Tho Pos.

HOUSTON. Thursday. March III.
There was not Il ripple of excitement In
the cotton market today. and traders
looked Il, the chalk marks with utter in
difference Liverpool showed some firm
ness 1T the opening, but soon weakened
and cics.d is-6id lower than yesterday.
The American markets were about 5
points up carly in the session. but lost the
| advance before the second call and closed
3uo points below yesterdays final figures.
There Wore no tclegraphic advices to
explain tCday's decline and 1t was gem
orally attributed to the dultness and neg
lectcd condition of the market. 1t was
also reported that there was fttle inquiry
for spot cotton. and Southern markets
showed AN els.er tone. Houston reduced
prices Lie. and now quotes middilng at
&c. Cotton continues to arrive freely at
this point, and the weeks receipts have
been considerably in excess of expecta-
tois. The total VIII be about $500 bales
against 1c0o for the corresponding week
last year. Last weeks total was $1,000
and the week before 1I.c00.
Evidently tle war scare can not he held
accountable for todays break IN cotton
vaiues. for wheat. commodity that al
ways advances on WIT news showed Il
sharp decline. The Eastern troubles how
ever, have undoubtedly quieted the dis
position for investment on English ac-
count.
AT today'5 session New York futures
orcnel quiet and firm, with May trailing
at 7,O5. The price quickly advanced TO
7.0S thcn gradually fell TO &c. closing lit
IU7.0lc. against 7.03n7 Ole yesterday. Au-
gust sold at III early in the session.
dropped TO 40. and closed at 7.09V7. 10.
The fall months showed loss OF points.
In New Orleans May started at 6.Ss sold
at this figure for "a few minutes. then
began to decline. and by the close sold
at 6Soll6.Sl against 6.Soq6s6 yesterday.
July was offered at ga on the opening
but the first actual sale was at G9O, and
the closing price WAS 6.s2a6.s4
Houston expects &GO to 5000 bales to-
morrow. against ll6l on the same dav
last year. The estimate at New Orleans
Il, for llO0 to loOo against 2T97.
New York. March ll.-Speeulation in
cotton today was exceedingly small. the
entire business footing up lut $500 bales.
Fluctuations were confined to Il range of
. 10 points. The market opened quiet.
but firm. at an advance of 3a6 points.
further advanced 3N4 points Oh fairly good
foreign and local buying. but later eased
OFF two points below last nights figures.
under lack of outside support and selling
by discouraged bulls who had purchas ~
curly In the session in anticipation OF
favorable late news from Liverpool, where
~ adyices were tame and lower. During
the afternoon the market was duh and
uulhttftStng. Estimates OF smaller re-
eeiptS of Now Orleans for tomorrow had
a sl"ady'ng influence. but failed to slim
unfe speculation. Close was quiet at u
not decline OF 3Qi points.
New York, March II In dry goods the
reflection of tho markets shows consider
aDie business doing, but il IS very largely
confined 10 worstei dress goods. printed
dress fabrics. glaze and fancy silks, r.b-
bons. wocNn goods and fancy cortoas for
cnrtors use staple copt9ns are in mod
eratp demand and colored cottons .rregu-
.ar- Printing cloths quiet but steady at
Chicago, March ll.-Butter steady: dairy
Nml6' GrNmory loulS Cheese steady 9i2CG |
los4 EGGS, fresh, 10.
ST. Louis, March ll--Buttcr firm; cream |
cry liN1Ai.; dairy sails. eggs lower S.
Kansas City, March 1l.-Butter general
~ sieadv, receipts Light; creamery 1917; |
New York. March .--Egsz-Recepts
I,aN, packages. quiet Western le.uli
Southern llNllh.
New York March II. Huhbard Bros. e |
cos letter says: In the absence of ac- |
tive demana hearish feeling naturally IN
creascs, notwithstanding the light move
met which now points 10 smaller IN
sight movement for tho week than HAT
OF last year. Exports con,.nue on q largo
scale. which, II sustained will practically
leave our mills without supplies. At the
moment. however the discourage in |
trade Is intense and all favorable factors
are lost sight of in the lack of specula-
ton
Tho German operators were the principal
sallers during the afternoon. silpnIVinr
the European buying orders and closing |
the market steady AT the decline.