The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-05
COTTON MARKET REVIEW.
Lower Prices Recorded at New York
and Liverpool.
NEW ORLEANS SHOWED STEADlNESS.
summer Months Only slightly Lower
and New Crop administrations
ton spots Are Down.
Osnce OF Tho Post.

Office OF The Post.
Houston. Tuesday, May l.
The cotton markets were without life
today and lower prices were recorded.
Las; week tho bulls were sending the
quotations skyward each day, but this
week the bears have had the best of 1t.
The summer months are % points from
the top at New York and "A POINTS below
las; weeks highest in New orleans. In
the meantime spots have only declined lilo
G'sc, though sales are on a much smaller
scale.
Today's market was again influenced by
Liverpool. which came In 2-6idS-6id lower
on future and l-32d off on spots. Another
unfavorable feature was the small spot
business done at Liverpool only 5000 bales
beng sold. while imports were li,0o. New
York closed to points down, the great
est decfne beng on The near positions.
New orleans futures were dull. but the
southern market held pr.ces very steady,
the near positions being only ll2 points
lower than Yesterday, while the fall and
winter months were unchanged
The stcad.ness at New orleans today
was regarded as very favorable feature
~ NAAt fNAiNs ttAA A'int4a ~ VI.
that the leading hull operator there was
again supporting the market. New or
leans stock was reduced to l0l 900 bales
today by The shipment Of 2l.cc) bales pre-
v!ously counted on shipboard there. The
stock at New York IS about twice As large
as the amount now lett at New or
leans
The dullness and lack of outside m
terest now noticeable in all speculative
markets IS not favorable TO any sharp adj
vance IN cotton values, despite the evil
dent strength OF the statistical position.
The supply of cotton promises to be un-
usually Eight by the md OF the season,
but Will hardly be any smaller than last
yearwhen tho stocks held by BIi: sh spin
ncrs We're reduced 90 9i.onJ bales by Oc-
tober l. Crop conditions VIII doubtless
have more effect than statistics from this
time forward.
AT today's session New York futures
opened steady. with 7.3S bl for August.
The highest sale was at 40 and the low
est 7.S3, the market closing at 7.Sq7 "a.
aGains, 7 io97.4l yesterday. December sold
at SIS early In the sss<s on. but dropped
to 6.A hy tho chose. showing loss OF ia5
points for the day.
In New Orleans July started with 7.3i
bid sold at 7.SS for the highest, fell TO
7.Sl. and closed AT 1897 81. against 7S5
al 20 Yesterday.
Macy & Pendeton of New York write
cotton N Liverpool shows discrmtnat on
between the old crop months prior to Sep
September forward from . TO points
Here the same marke. differences between
IN" Oh and new crop ara shown only In
eNagserated form. This. premium will
Doubtless disappear N the course of a
season and operators who are able 10 sell
the ntur months and buy the IN. ter aver
aging up the difference. VIII doub less
show q good profit before the season
closes"
Houston expects lll9 bales tomorrow,
nga INST 100 on ms. saolc day last year.
Tho estimate az New Orleans is for 200
TO 500. against nos.
Nav York, May i.-The cotton market
ruled generally weak. cahcs from LIVER
pool AMI the continent being dsappolnt-
INK, the weather and crop news of n
hcarish average ana the Southern snot
markets showing easier tendency. Opening
with prices unchanged to 2 points lower
tho first call was followed by 4 further
decline Of GAS points. Efforts were made
by tho hear cont'ngent TO force out lcnG
cotton. hut selling was checked. hy con-
4 netting accounts regarding me condition
OF III hanks of tho Mississippi river, some
claiming that the water was only held
in check w sEpcrhuman efforts But lit
tie Importance was attached to these dis.
PATCHES. yet thoy served TO stop the hclr
ratis IN oonroction. with the strong sta.
lyrical position he clcse was quiet at
not decline OF iA7 points.
New York, May i.-Mapl and wire orders