The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-01
COTTON MARKET REVIEW.
Speculative Excitement SomcM hat
Less and Transactions Smaller.
LIVERPOOL FUTURES CLOSED LOWER.
View York Declined Early in the
Day, but Advanced Twelve Points
From the Lowest.
Office CT The Post.


Houston, Friday, April 70.
Tho speculative excitement in cottor
seems to have subs.ded for tho pr,Sen'
but the strong position OF spot values pre-
vents any weakness Liverpool again re.
fused 10 jo!r IN the boom started nj New
Orleans and closed today at n decline OF
'7-eidGi-cid. This gave New York and
New Orleans a setback, but relther mar
ket remained depressed very long. New
York was the frat TO recover and futures
IN that market reuchei the highest prices
of the year during the afternoon trading.
The neir positions closed { to s points ur
and the late months advanced TO {
POINTS. Kew Orleans gained 4 to 5 points
en- the summer months and 8 to on thu
new crop.
In regard to the present position OF the
cotton market, Sondheim of New York
advised Cargill a Richardson this mora
ing: Don't think market can give way
much at present. The position of cotton
on It's own merits IS healthy. Future OF
values VIII depend good deal upon spec
ulati5on. Room traders here short: out
sidars long"
Secretary Hes-er's figures for the
noon. According TO Mr.. Hester's COM
rt!ahon, 500 bales oamc forward during
tho pae,t week, against 5000 last year.
The total into sight Is now S.l24o9o, Should
The movement from April so to Septem-
Der he the same as last year, the lS9G-g7
crop Viii turn out S,5s2,i.o; If we have
the same movement as in ls9i-95. It VIII
be $4,000: should 1t COM are with lSoS-9i
no ,,s41 ! "a
say. therefore, that the commercial crou
Wall not be Gas than $1,000.
AT today's session New York futures
oorei'ed steady. with August offered at
gradually DROPPED to ~. Flon this point
uhe market advaGcei rapidly. and during
the afternoon August sold MT L5i. or IL
PENS atcNe the lowest FOR The dav The
closing Was 1.53Ps.'i. against 1.4sl7 ~ yes
terday pecembc- sold al s97 early IN the
session, dropped TO 6,9, but advanced 10
&c by tho close
In New Orleans May sold at 7.55 about
the opening. soon afterwards touched 75S
then fell 10 - TIL closing was I5in7 -.
against L5l1I3 Yesterday July starte /
at I.56 cod down TO AZ. but Ndvanc
TO 7.J6 again by the close.
Houston SPOTS We're advanced &c, max
l-lGc. wv ''-'' ~
During the next two weeks the move
"'''iN III ''''NS WIFI compare WIN quite
heavy receipts last year. For the week
ending May /, Houston received COCO bales
and the ncXt week 500 This was tho
elimination. however for the entire re-
caips for the last two weeks of Nav
only amounted to 300 bales. During the
month Houston received 1900 bales.
Futures have been twisted around so
badly by the boom in the near positions
this week., THAT a comparison of the
changes on dhe active delivet,es VIII be
of interest The New York market gives
the following:
rooov,s ,,o,, May, August. Dec.
week ago ..7a-os a aiis S s.s5-sii
weeks gain...... Al IS IN
The changes at New Orleans are even
more striking:
roday,s clos. Max Max 7 Jlly October p q;
a week ago.........7. o9-10 7.l2-l2 c.56-57
We,k's Gain...,.. 40 .l3 10
The following table shows tho stocks OF
American cotton held q. seven OF tho
principal markets Of the world today. this
day last week and for the corresponding
date in 1895:
Today. Week. Ycar
Liverpool .,,...,..l ,oN, Coz I.1GnGoo !rltO,
New orleans...... l5l,fl3 l3S,Gnj 1904