The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-03-25
COTTON MARKET REVIEW.
A Decline of Ten Points in the
American Markets.
SPOTS ARE 0NE.SIXTEENTH LOWER.
The Drop I'm Values Was n General
Surprise-MOvcme Continues
ON n Small Scale.
SPOTS ARE ONE.SIXTEENTH LOWE
Office of The Post.

| LlCuStOIl. w elncsuUy, Mlrcn a.
There was considerable activity in the
cotton market today. but 1t was at the
expense OF values. Prices were 10 po.nts
Down In the American markets at one
| tune. and closed & To o noints lower than
yesterday. After being practically un-
changed for a week or ten days, and
with very little interest one way or the
other. the sudden break today was sone-
what of surprise. There was nothing
In the statistical sit iation nor the crop
outlook to warrant the decline. and 1t
was simply attributed to bearish pressure
upon a market that was weakly sup
ported. The break In the stock market
today and yesterday also mad a depressing
influence. according to kilograms from
New York.
The movement continues on light scale
and seems to warrant the estimates of
a crop rot exceeding $4,000 bales. Port
re, eipts In four davs have been 600 bales
less than for the same time last year.
and for the week promise to show
decrease of fully 1900 bales. Houston's
receipts this week will show n loss of
$500 bales, IN comparison with the same
period last year The semi-weekly in
terror statement issued this morning
l4.246 last week. and 14.4lo last year. The
stock at thirteen towns has decreased
10000 bales since the last report
The course of Liverpool futures had no
influence upon the American market to-
dav. and could not be held responsible
for the decline. Prices in the foreign mar
ket were practically at stands Ill,
though closing about ls-6id higher than
yesterday.
New York futures opened dull but
steady. with 7.O6 hid for Nav. From this
price there was steady decline until $50
was reached. During the afternoon May
advanced to $50 and closed at 6.97q6.9S.
against 7o597.cs yesterday. August sold
at 7.15 early in the session. but dropped
to 7.oi by l2:3i. and closed at 7:o6I7.0.
In New Orleans May began at 6.92. sold
down 20 6.si. and closed at G.S6r6.S7.
against 1906 81 YESTERDAY. July started
with 6.9s bid. fell to Csc, and closed at
6Ga6.Ss.
The spot markets were generally l-16c
lower. with quiet tone and light sales.
Mddling cotton is now &c at Houston.
Houston expects 900 to 1000 bales tomor-
row. against 1856 on the same day last
year. The estimate at New Orleans is for
20oo to $500 bales. against 2G6O bales.
New York. March 24.-In the dry goods
market. brown cot:ons shared in much
improv1 demand, and sales today OF
bleached cottors were only moderate, as
was the trade n colored and fancy goods.
Printing cloths active and firm at 2 9-l6.
New York March 2i-The acton OF the
cotton market was unsatisfactory from
beginning TO end. Gables were disappoint-
ing and led to local liquidation ana also
to some inside scl-ng for short account
following less alarming reports from the
flooded districts and extreme apathy on
the part OF the OUTSIDE speculative con-
tn gent. After opening az about un-
changed prices, the market declined 3ulo
points transactions were IN good part
for the purpose of swtch.ns nearby po-
sitions to the later months. The markets
closed quiet and Stndy at net decline
of SIs points or within points OF the
lowest figures OF the session.
New York. March 2i.-TIubhard Bros. &
Co.'S cotton letter says: The local interest
commenced selling out their holdings at
the opening. because of the uneasy feeling
in financial circles over the result of the
recent decision of the supreme court.
which they thought would unsettle CONT
dsncc. After the Opening decline South