The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-09
in THE COTTON MARKETS,
Improve mcnt in Stocks Was ke-
Elected on This Side.
POLITICAL NEWS WAS BRIGHTER.
while Liverpool Was Disappointing
New York and New Orleans
showed stronger Updcrtonc.
Office of The Post.
Houston, Tuesday, March $.


| Political action is still the dominating fac
| tor. and the course OF stockn is reiieetou 10
great degree in cotton.
| Tcdays news from Washington was OF
more pacific character than for some time
back; Spain's hedging on the request for the
renewal of Consul General Lee and the ap-
nrcrfiiton of s5o,0oo,00o FOL dolenses' whlen
ovorawed Spain to some extent, were strong
points in favor of the bulls.
The bears had on their side the purchase ot
warships by Spain and the sending OF the
MONTGOMERY to Havana. They were not very
stiCng. however, as stocks nearly all showed
gains at the close and deliveries showed some
strength,
Liverpool reduced spots i-S2d otherwise
spots closed practically unchanged, holders
10. being anxious to sell ~ prevailing quota
lions.
Liverpool futures at first showed declines.
but subsequently tho losses were wiped on
and the close was about at yesterdays last
heurec.
Port receipts for the four days are only ll01
ahead OF 1895, being 1i,595. against 7OSOS.
For the day the receipts were ai.soS, against
II, "a last year and 2S.i1i in 1895
Ne" orleans expects tomorrow ! ,OOe to T.
Houston expects 1900 to 3lO0. against l4sp
last yen and 1925 in 1895.
Co. NOttOn IIPiier.
Liverpool at our opening time was 1}G-6id
lower on contracts and 1-32d off spots.
with sales of 5000 bales. Our markets opened
ut last nights prices and New York broke
ld2 points, while New Orleans declined 243
points. recovery of l-6id in Liverpool and
good buying for both accounts brought
steady advance of 6 points, with the market
quiet and firm. Receipts about the same ~
lSl5, New Orleans estimate the same as 1855.
while Houston fell about 30 per cent short.
Spot buyers report little demand, hut say Of
forluCc from the country are scarce. The re-
cent advance and then the uncertainty of po-
litcal affairs have caused scattered holders TO
sell out, and what cotton is yet held is in
large blocks and a price isc above the mar
ket Is asked for It. News from Washington
was much moro favorable it being runorcd
that tho board of inquiry would report nothing
proved In the Maine disaster and the anticI
Pated appropriation of $4,000, 900 by congress
Icing construed ms putting end for the
time being to the strain in political circles |
Tho feeling in banking circles was reportpu |
as more cheerful and almost confident stress
was laid on the fact that SPANS Willingness |
to bhck down in the Lee Incident evidences |
no particular desire on her part to pick |
quarrel with the United States.
stocks opened strong and became buoyant, |
while the grain markets became decidedly |
bulish. The fact as shown that bonds would |
not have to be issued for the 500. 900 900 appro-
pratlon. hut that 1t could be paid out with
out hardly being missed from the $S56, 600 900 |
IN the treasury. had very bulish effect on |
the markets. We look for better feeling
aioi'g the line. for awhile. Liverpool bought
months