The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-09
COTTON MARKET REVIEW.
Better Feeling In Europe Sent Cot
ton Futures Higher.
AN ADVANCE OF FIFTEEN POINTS,
Improvement Caused ny Favornble
News From Greece-IIouston Spots
Onc-Sixtecnth Higher.
Office OF The Post.
Houston. Monday. March

Cotton futures advanced about 10 points
today. closing at the highest figures The
Improvement was attributed to a better
feeling In Europe on account OF the tenn
porary dissipation of the war scare. and
the belief that the Grecian troubles Will
be settled satisfactorily. Liverpool i'm.
proved after tho opening, and closed 2-e4d
W2h-6id higher than yesterday. Cable
grams also reported "A sharp advance in
consols The American market were quick
to respond to these favorable conditions
and cotton showed n steady advance from
the opening to tho close
There Is still n noticeable lack Of spec-
ulation. however. the tota. sales at New
York today being only 10000 bales. The
port receipts were quite heavy, reaching
total of 5000 bales larger than for the
same day last year. Exports have fallen
off slightly. being only 4i.5O0 bales in the
lost two days. against 1000 during the
same time last year.
AT today's session New York futures
orened quiet and firm, with COG bid for
May The price advanced quickly to 7.oS.
chen fell to 702. and closed ait 7.0517Os
against 6.92d6.93 yesterday. July sold at
706 on the opening. but advanced to lis
by the close. The fall months showed n
gain of IA points
In New Orleans May opened with 6se
bid. sold at 6.S1 for the 'owest, advanced
TO 692 during the afternoon and closed at
6.9lg6.92. against 6.76g6,77 yesterday July
sold at 6.S for the lowest and SOS high
est. the latter price being obtained tnst
before the close. The near positions
showed gain for the day of Is to II
points. while the new crop advanced IL to
IL points
New York. Houston and Savannah adj
vanced spots. 1-l6c. New Orleans, Mem
pills and Galveston closed firm and TN
changed
Among the spot sales at Galveston TO.
day were 1000 bales of Sea Island cotton.
The entire lot is reported to have been
bought for shipment TO Havre.
Houston expects 1000 to 400 bales tomor
row. against 1912 on the same day last
year. The estimate at New Orleans Is
for $500 to $500. against 6o5c.
e. f.. Brown OF Kansas City and c. w.
McCurdy of Colorado Springs were WIS.,
,tors at the Houston Cotton Exchange
today.
Cagill & Richardson's private advlces
from New York today were:
1927 a. m .--Liverpools Improvement af-
trouble caused advance. Market steady:
lao p. 'n.-Latest advlces say that tio
Greek troops could stay in Crete under
supervision of powers AMI comprorisc
probable. Consols up Lied G.nce Satur-
day.
o. w. Clapp & Co. OF New York say:
There Is a m'Icn better feeling in cotton
3nd wc ooNs goods; prices are firm we
cotton speculation Will increase and COM
pete with spinners' demands in 4 way 10
create ,, a cool advance that viii Warrant
a moderate risk at practically the lowest
prices on the crop.
New York, March S--Thc general action
of the cotton market of today was de-
cideily encouraging. "A feature OF the
tuding has been quite liberal buying for
investment account. Opening at an ad
vance of 5Q6 points. the market further
advanced 6MS points and covering by
shorts was for a time quite active. Com
mission houses have been industrious buy
crs. The iirmness originated in the theory
that the conditions In Europe are less
warlike than for some time past. Pri-
waite cables have been quite as encour-
aging as the public accounts as to the
OUTLOOK III roe 1he eonsn,pon q he ra5inr
list, still largely of local character but
a broadening speculation. Is noticed. En-,
COuTaRIfH nIVICeS nave DeeN received
from Fab River and Southern spot mar
ket accounts have been also on the side
of better prices. After the market had
scored an advance of 12Gl4 points. there
was n partial reaction under liquidation:
but the market again advanced and closed
steady at a net advance OF 12dl4 points
New York, March SIN dry goods per-
sonal demand was rather irregular.
though considerable business resulted In
some instances. The order request. how
ever. was very full and in some instances
called for good quantities of specialtles
largely adapted to the cutting trade. Many
good saes are going forward on orders.
and a whole very much more business
is In motion than Is conceded by pur-
chasers or indicated by Appearances.
Printing cloths quiet at 9-l6.
New York. March s-Hubbard Bros. &
Co.'S cotton letter says: With a breaking
of the war cloud in tho Levant the foV-
c!gn markets have responded by sending
buying orders, which caused rapid M
provement. Larger shipments for the IN
terror towns. coupled with better de-
mand from continental buyers In New Or
leans, brought a steady tone TO the close
with the advance maintained