The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-30
In THE COTTON MARKETS.
Another Day When Politics Mas tke
Gau9. Of Prices.
PRICES IN LIVERPOOL WERE HIGHER.
The American Markets weakened In
sympathy with stocks Due to War
Talk In Congress.
RICEs IN LIVERPOOL WERE HIGHER.
Office of The Post,

Houston, TUESDAY, Marcn ~
With Liverpool coming In lie up on spots
| and 1854 on futures. there should have been
| further advance ON this side and possibly
| would have been, but for the disturbing news
from Washington.
McKinley's message Of yesterday was dis
appointing in that it outlined no policy of
the administration. Today the element In
congress which wants conclusion reached,
even at the expense of war, turned loose,
and at once stocks began to break, other
markets following.
The port movement is falling off. Today's
receipts were 1915, against 1899 last year
and "A COL In 1895. For the four days of this
week they have been 1854, against 59, PSI In
the big crop year.
Houston. New Orleans and New York spots
closed unchanged. Galveston is up 1-l6c, and
Liverpool l-16d.
Futures in Liverpool closed at an advance
of S.64, while New York declined / to 3, and
New Orleans to points
New Orleans expects $500 to 1900, against
626s last year and 1878 in 1895
Houston expects 1900 to HOO. against 900 In
1897 and 1898 In 1895.
Hunter Il Co.'S Unily Cotton Letter.
As expected yesterday, the representatives
of the people in congress assembled did crate.
and resolute, and the effect of the aforesaid
was to brighten some timd holders and cause
them TO sell out their holdings, bringing
about a perfectly natural reaction in all of
the markets. Liverpool was fully up to our
advance of yesterday, spots advancing 1-16th,
and contracts 3-6iths. Our markets opened at
last nights prices and declined . points. in
sympathy with the reaction in the stock
break there was good buying by strong people
who know that the iron hand of capital and
power is on the side of peace,
and that the result will be a complete and
absolute victory, despite the vote getting ac-
lions of the peoples servants. Stocks scared
upwards after the early break, and cotton re-
covered most of its loss. 1t seems that the
action of the markets is to be governed en-
tirely by the political situation, and as that
for while at least is to a day or two of
peace with day or two of war the scalper |
Will be In his glory, and have many oppor- |
tunities for quick and profitable turns but
without question the chances in the long run |
decidedly favor the bulls, and some morning |
the world VIII awaken to the fact that the
United states has been gamer by this re- |
cent disturbance and a bull movement will !
set in in all the markets, resulting in higher |
prices, and better times than have been wit |
hcsseu III many uay, ana cotton is in the |
best position of all products to sharply adj
vance. This crop, large as it is, has been
AIKEN care Of, and the next one is not yet
wen under Roadway. and many things can
happen to cause crop scare aud very few
hat would likely depress prices that are not
already known, and have been discounted by
he low price. Many brokers are particularly
advising the purchase of the near months,
ut We can see no good reason to distinguish
md If anything would favor purchases OF the
Instant positions.