The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-05
IN THE COTTON MARKETS.
Spectators Appear to BE Uncertain
What to Do.
TRANSACTIONS WERE VERY LIGHT.
sensational War Rnmors stu Cir-
cuIatcd for Incct--Another
Decline In Deliveries.
ONCE Of rho Post,
Houaton. Ftlllay, March z.


coitor Is about as erratic as March weather
IL expected TO be- Neither bull nor bear can
maize n prediction Of any Kind. The volume Of
transactions in deliveries shows that specu-
lators are extremely cautious
The war cloud stil hovera on tho CONNER
cial horizon, and all characters OF wild iumors
arc constantly noated for the purpose, of af-
fecting prices Today the report was in cir
culu.,on that Senator Proctor had been assasi-
mated in Cuba, but no crodence was given tho
statement. Another advice from Bache said
that serious complications were looked for,
and so 1t goes on from day to day pending the
official report of the board of inquiry.
The amount into sight for the week is 2lb,-
SN against i27 73s last year and i52,323 in 1895,
and for the season to date 9.36i.6li against
1875 s0f last year and $685., 0T6 in 1895.
Fort receipts today were ~. 7s3, against H..
SIS last year and 1860 in 1895 and for the
week 1876 against Sa,o0i and 1926 last
year and in 1895 respectively.
Liverpool reduced spot quotations 152d. with
sales of 1900 bales Galveston came down
i-lfo and the other markets closed unchanged.
Liverpool futures closed 1-6iGlt4-6i off, New
York was lG2 points down, and the losses In
New Orleans ranged from | to points.
lIouston's gross receipts are now 2O.iOl DC
hind 1895 for the same period.
New Orleans expects tomorrow 1000 to 5000,
AGAINST 2713 last year and ST., in 1895.
Houston expects 1900 to 5000, against 1908 In
10. and 1911 in 1895.
II. w. Hunter Il Co.'s Cotton Letter.
Liverpool closed 1-Gif1is-6id down on ru-
4
bales. Our markets opened point off and
further declined 2d3 points, recovering lG2
points later on promised fresh war scare to-
morrow There was no special feature to the
truding. which was of small volume, few
linited buying orders were executed on the
decline, and there are numerous others lew
points under the market and all the way down
10 &C. for New York May. There is no strong
bull PARTY in the field, but rather the oppo-
site and we think most decidedly that the
selling during the past few da2- has been
much better and from much stronger parties
thar the buying, which we think OF a charac-
tcr that will iquidate on any further decline,
and II sufficient holdings are accumulated on
the next few points decline the market viii
likely have wad OF cotton later thrown on IL
which will probably cause sharp break. We
do rot look for any rally until the larger part
OF the present speculative holdings are sold
out. and the market looks to us like saie
without waiting for the usual spurts which
larty The spot demand has died out and,
while offerings continue liberal, buyers get no
arrwers to their nightly cable offers TO Liver
pool and the continent. We have done our
beet to keep our friends advised that the de-
n'and of the latter part of February would
not last and that spot holders who did not
take advantage OF the bidding OF scared shorts
at that time would have cotton left on their
hards with declining market and We
trust that they have pro6ted by tho warning
The amount coming into sight was 2i6.ST.
compared with l53ag2 In iS95 aud the total is
now about 100000 bales ahcnd OF that year.
with every prospect tina: The movement will
continue 10 exceed the lp.G01caO crop year by
about ~ per cent and that the total crop VIII
go comfortably above the 100000 mark
When the deuani falls OF rs It is sure to do
except at occasional times. usually The latter
part OF the month. when slot houses try tn
come in on their short sales, who will take
care OF the offerings? Houston receipts which
have now run up To within about loco of
1879, Will likely during the next three weeks
not come up to the movement OF that year,
when Texas marketed 5.ZTs.080 and the crop In
South Texas was much better than this year,