The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-13
COTTON MARKET REVIEW.
Liverpool Futures Closed at a Slight
Declinc.
WAR TALK HAD LITTLE EFFECT,
American Markets Closed Practical
~ Uncbnnwca--Fnli Months Lower
at New 0rlcsns--Spot Prices.
ofnoc Of Tho Post,


Grecian war talk and the fear of serl-
GUS complications IN. the Icvant caused
breadstuffs to boom today. but NJ did not
have the deDre ssing effect upon cotton
values that many traders expected. Liver
pool futures were Gown 1s-6ad2-Gid at
the close. The American speculative
markets showed some weakness at times,
but final figures were practically UNI
changed, ranging from 1a2 points down
10 point up.
Port receipts were comparatively large
today. but light movement is expected
tomorrow. The ports had only 1850 bales
this week last April. Houston's move
nent is again running ahead Of last wears
though 1t has been much lighter for tho
past three weeks. Reports from other
Texas lnterlor towns Indicate very l.gnt
receipts from plantaions. and stocks are
being rapidly depleted.
Tho general sentiment Is stall favorable
TO cotton. especially the summer aeliv-
cries. but tho sentiment liz not backed up
by any activity In buying The main sup
pert of the market appears to be the
covering OF shorts. who are afraid to SUI
tho near positions Us long as spots are
at Il premium, and n scarcity of the sta
pie probable October cotton can thus be
bought 40 points lower than August III
New York. white September is selling a,
u discount of 81 points
AT today's session New York futures
opened steady. with May selling at 1.Ul.
The price ductuated between ~, ana
T.oS Tor the frst hour. then fell to 7.o3, adj
vanced again 10 7.u5 aud closed at 1850
100. against o7G7 .oS Saturday. August
sold at III early In the session. dropped
to IL. and closed at 1851 TO- against Ile
GT,17 Saturday.
III New orleans May opened with 7Ol
nd, fell TO gu. and closed at 7.oliI7 o.
the same as Saturdays final figures. July
sold az l.W on tbs opening. dropped to
6.a9. and closed at 7.09@7.O4 The fs,li
months were to points down on the
clcse.
Tho annual election OF officers OF the
Houston Cotton Exchange and Board OF
Trade VIII be held on "Wednesday. April
H. a SPECIAL meeting OF the members is
called for Thursday. April To- al u O'Clock
noon. ito take action on certain proposed
amendments TO the constitution.
Houston expects 200 10 $500 bales of
cotton tomorrow. against 1907 OH the same
day last year. The estimate at New Or
leans IS for 23l0 to $500, agninst 50i2.
The following visitors were registered
at the Houston Cotton Exchange today.
ID. Heyman, New orleans: T.. n. Smith.
Nav York. A. c. Cairns. Bryan. and II.
Haywood Gregory. New York
Mr.. c. Schwartz, Jr., the local repre-
sentative of a foreign cotton house. LETT
tonight for his annual vacation trip to
Europe.
New York. April 12.-Hubhard Bros &
Co.'S cotton letter says: The warliise
ou,1ook in the Levant has had more In
luence here than In Liverpool. as opor-
ators have sold upon theae advices. The
demand today has been principally for
May deliveries. "A prominent export house
being supposed to be the buyer. Liver
POOL sent huying orders al The close, clos
ing the market steady at about last nights
close. At the moment spindloa seem 10
he the only bulls on cotton and they are
rapidly reducing the supply.
New York. April i2-The cotton market
closed steady with prices finally points
higher 10 points lower, MS compared |
with Saturdays closing flgsres after open
Ing plf.et and easy. with prices unchanged |
10 3 points lower Trading wag almost |
entirely local. although IN The afternoon |
ihere was some buying from Europcan
selling was checked by reports of an in
creased demand in Liverpool for Man
,hest"r. Notwithstanding the disturbed po-
itlcal outlook
New York. April 12.--Aside from a mod
rate quota OF orders from PRINCIPALS for
air arsortments OF purely scaponablc
'pectalHies and bieached cotton there was
little done In cotton fabrics on the spot.
FOR clothing wooiens. dress silks and
ibbons and worsteds and dress goods.