The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-20
COTTON MARKET REVIEW.
Speculative Business Very Small and
Prices Lower.
BULLS SHOW LESS CONFIDENCE.
Dolcful Reports From Spiuncrs ut
Fail River and Elsewhere.
New Crop in Demand.
Office of Tho Post.

The cotton markets today lost all tneN
gained Yesterday, aud are SOW back TO
Mondays figures. Liverpool futures
started better. but soon Weakened ana
closed Ltd lower than YESTERDAY. Snots
were marked up i-S2d. the Quotations hay
ing been made before futures TOOK thei!
tumble. New York closed TO poin'
lower ana New orleans showed de-
cline OF 3 TO points. Houston aud Gall
weston spots were put down l-ltc. Md
ding now beirg SIS.
Speculation - again a; n low ebh. ard
there is little hut statistics 10 comfort
the bulls. Port stocks are now down to
$1,000 bales. Shipments from the interior
are growing smaller day by dav. while
exports are on u larger scale than at this
time last year. On the other hand. the
evident reluctance of tho foreign mar
kots TO advance. the poor reports from
Manchester. the ralk of shutting down
among Eastern mills. the difficulty Of dis
uosng of manufactured goods the do
Spoudencv caused by the delav In some
definite tariff lcgislnton, the renewed aEl-
tat.on OF the Cu5an question in congress.
| and the pJter absence of sueculativ de-
n.ani ara all features that have a ten
dency 10 offset statistics. and have CAUSED
some hesitation on the par. of those who
were figuring upon n bull camuaigi, in COT
ton this summer.
If even 4 few of these clouds roll awav
there is yet a likelihood o. sharp ad-
vance in cotton values on the strength OF
the s1taistioal position alone. hut II pres
ont conditions continue the marke' viii
doubtless be governed mainly hv weather
ri d a.,
ten dency to purchase the rev crco at
the present discount. rather than nav tho
higher rr.ces asked for the summer de-
livtr.es
At to-iay's session New York futures
opened elsy, with Augus: selling at rs.
Tho price fell to ~ and then advanced
10 7.Sl. and closed at 7.2Sfl7. 20. against
Z 3S01 "a ycSte rday. Deccn her sold at
6S. for the highest, and closed at S.S4
ts2.
In New Orleans July started with ~
BID. sold at /. D for the highest, Gropnel
TO I'D and closed at 7.-18,.2s, agalns,
,.3l@7.3c Yesterday.
New York. May -s.-Ihe cotton market
opened steady, with prices Sat points
ioN II foRow-tg more satisfactory cables
ana generally belrish crop accounts
There was further decline Of 3ui points.
The selling was particularly active by q
prominent German house. winch appears D
to tie leading bear factor. The market.
however was u small one. the total 81 90
o. .uture deliveries reaching 6l,opo bales
| The feature OF the early session was the
buying of some ming Ike 1000 bales, said
10 no Tor a Local firm forced to cover snort
| contracts. Several unsuccessful attempts
| We're made 10 rally the market. but re
| ports from the cotton belt were 100 gem
| orally favorable tor success in this direc-
| lion. The close was quiet at u net decline
| OF id6 points.
| New York. May 70 Hubbard Bros *
COS. cotton letter says our market OPEN
/ ! lower. with a mtagre business upinS
and some discoura cement after the open
/ ing persistent buying by the purchasers
/ %, Yesterday advanced the MARKET some I
| points, hut he buying was isolated. and
| Trade declined 10 follow the apparent dc
| mani, Tho market during the afternoon
! deN eloued the weakness Tho trade had eN-
| pccted. and 4 slight decline resulted.
New York. May l9,-Thc dry goods mar
! ket showed "A little Improvement over pre-
| vioHs dun conditions. In all cottol Lines
! the demand is sim quiet in is hature. Fan
! lines are in request with the Southern
| and Southwestern buyers N the market
| hui such purchasers find that few ints
are open TO them rs yet. Prints dull III all
| Grades.