The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-24
IN THE COTTON MARKETS.
All Interest Conferred In the War
Bulletins.
ADVANCE IN OCEAN FREIGHT RATES.
shir Owners luclincd To Squeeze the
hippcrs--l.iverpoos Futures High
err ami American Markets Lower.
oface Of Tn. Posi-,

j
Houston, saturday. April IS.
An interest Is naturally ccntercd in the
war situation. and spectators read with avid
IL all bulletins concerning the reported cap
tulc Of ships Tho movement and the sta
iistcal position cut little isnre these days
An important feature is the advance In
ocean freight rates. Foreign steamship own
eys appreciate the conditions and are IN
clincl 10 squeeze all they can out OF ship
#psrs, During The past ter days there hac
been a big jump in the cotton rate from Now
Yoif 10 liverpool.
For saturday, a half holiday. the volume OF
husll oss MAS rathct largo In Liverpool spot
aalus we're 10000 bales.
s., Houston reduced spots l-i6c, while the
other markets closed unchanged.
liverpool futures closed at an advance Of
2,6s@s-e,d.
New Orleans futures nro down 4 to and
New York s to roints. s.
Receipts al ports were 1919. against 2sia
last year and 6aSi in 1895.
New orleans expects 1000 to 1000 Monday,
against Ie66 last year aud ,lil In iSes.
Houston expects go to 700. against al5 last
year and iso in 1896
~. w. ituutcr N CO.'S NnttOn Iicttcr'
Liverpool did fair Saturdays spot bust
ness md advanced abent s-Gid on contracts.
Our markets opened on . 10 points and
closed In New York barely steady ut 9 points
decline aud In New Orleans quiet ut . do
cline, Tho markets arc rapidly adjusting
themselves 10 tho Increased freight rates and
war risks, and, even II Liverpool should fur
ther advance, our markets should decline con-
sidcrably moro, for on April | the rate from
Houston to Liverpool Oh compressed cotton
was u cents, while It lis now SS.6S, and war
riskn have advanced u per cent. This should
put Liverpool % American points higher than
on April /, while the advance there Mt tho
close today since April tx equal to only ~
points. To equal this Liverpool advance, our
maiiiets since April should have declined u
few points. whereas New York is 70 points
higher today ut tho close than on Apri, !.
and New 0rleans &c points higher and spot
cotton In Houston has advanced equal to 10
PORTS, These differences must adjust them
sctNeG. and. while no immediate widening Of
the spreads is expected, traders VIII do well
to keep them in mind, as n gradual adjust
ment is certain, Today's markets have starr
ell the work. and IL may be only n few DAYS
until our markets have declined % to 40
points, while Liverpool remains stationary.
There is still quito a lot Of cotton left In
this country. and holders who failed 70 take
likely find il hard to sell at anything like
satisfactory prices. Certainly there IL no good
reason why war should bull tho cotton or
the wheat left In this country. and natural
conditions will he more effective each day
the trading public occustonis itself 10 the
changed conditions, We will likely have good
trading markets. but VIC can see no reason to
change the opinion. freely expressed during
tho past few days, that cotton is sale on
ANY little rallies.
Cnrgiu & Richardson's Circular.
Cnipil & Richardson Of lluustcn say; What
little vns given OH. today wns almost entirely
reports OF the capture OF American vessels by
the Spaniards and the seizure oil one or Two
spauiah steamers BY our wafhhips, tho most
important OF which wcrc the capture of tho
Spanish frcighter Pedro. and 1t was reported
and confirmed that the American liner Paris
had fallen into the hands Of Spain The
president was expected 10 issue cali today
for 100000 volunteers, but the actual call had
not been reported up to the closing hour. In
sales OF 10000 bales on the spot. New York
din not show much disposition TO follow, how
ever. and closes AT the lowest OF the day. 8
to points under last night; New 0rlenns
to lower Spots were quoted unchanged ex-
copt Houston, where 1-iGo decline was re-
eorced
In stocks the session was more animated
than for some time past mud the stcadincss
IA probably due 10 the largo short interest.
which has been somewhat dumbfoundcd to SEQ
trlGcs hold up undcr What is generally con.
weekly bank statement shows decrease In
deposits OF $500. 900. A naval defeat would
probably cause serious decline In stocks,
"a moderate decline In cotton and an advance
In wheat, but this is not expected by any
good American September wheat closed at
S1is: December SoH.
Hccr's CircuInr.
II y, Beer of New Orleans thus review
this market:
Tho war furore during tho past week again
caGsed Liverpool traders to show great anx-
icty. as they were fearful OF being unable to
ship cotton from America. and therefore prices
advanced sharply there. and our market IN
sympathy improved o. pointg on tho near pc.
sitiops and % on the ato Differences, how
eyes between hero and Liverpool under the
circumstances have been Increased relatively
owing 10 the Increased cost for freight aud
wHr risks. notwithstanding tho apparent
fininoss OF tho article. ouI Eastern CORE
spnn6eDtn inform MS TINT tho present dff-
cult, has occasipDtd Wholesale anUelIp,ion
Enrland AMI Il " claimed shutdown ~
thrcatenod Mt Fall River, as print cloths are
unsuitable, even though the lowest prices OIL
record are being asked.
tho Texas weather bureau reports cotton
generally up ana being cultivated In the
southern portion Of the State aud that the
c,Ut Is generally PLANTED aud some of 1t up
also In the central portion Our crop adyncs
from the other States are generally sntisiac-
tory,
The weekly movement Of cotton al 81 lead
ing interior towns. according to the chron
Ia "A ,ie