The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-08
in THE COTTON MARKETS,
Complications ia the Far East Add
to the Bear influence.
CONSIDERABLE DECLINE IN FUTURES.
Unsettled Political Conditions and a
Break In stocks Rcsponsiblc Tor
the slump in Deliveries.
ofnce OF The post.

Speculation in cotton today was OF rathei
unsatisfactory nature. The air Was surchnrged
VIII VAR rumors The strained relations be-
twccn tho United States and Spain are enough
Nv themselves, hut coupled with thcm are
ugly reports from the Far East, whcrc hussla
appears to be setting ut defiance all the pie
European powers.
There was weak rally before the close Of
tho session. attributed to report that spain
had withdrawn her request for Lees recall
It was partially offset. however, By runor
that, at the request OF tho president piii
had been introduced in congress maNing an
apnroriation OF s5000o,ooo for war dcfenses'
Idyerpool futures were t-ei6t2-eid on at the
r,ose New York at the oloso showed de-
cI,ses ranging from Z OH far months to e@lt
ON mar. New orleans kept pace with the
pro, ees.cn, closing sac points under satur-
day.
Now York. Memphis and Savannah reduced
spots 1-Isc and other spots closed unchanged.
por. receipts were 33,S32. against 2,2Sl In
1885,.
New Orleans expects 1900 to 5000 tcmor-
row. aseinat 1854 last year and i5,oi2 in isoO.
Houston expects $500 TO 5000. against 1908
last year aud S05G 10 1925.
Hunter * Co.'s Daily Cotton Letter.
Liverpool at our opcninE was unchanged
whcreas an advance of 1-Gid was expected,
aud that market further declined, closing with
a loss of 2-6id, due, SO cables said, TO fears
OF trouble In China on account OF iaissla's at |
titude which caused drop OF 5-lG IN coasol5 |
and plnicky stock market in London for
Americans which unsettled condition was ae-
neninatrd by the big batch Of trouble which
tho morning papers had stirred up with Spnln
this most important of which was the pull
lished demand Of Spnin for Consul Lees re.
cal orr markets opened points on ara
rs one time were fuly 10 points below Sntnr-
days close. recovering only ld2 points ON
the rally IN the stock market that Spain Ind
Withdrawn her request for Consul Lees re-
cali. which Ia supposed to aud that Incident.
Sl'ois quinl- aud very litre demand. although
Manchester reports quite favorable. bust
nens there pnrtnking somewhat OF a hoonl,
The strike situation among the Eastern mills
~ more cheerful. the operatives NJ New Bed
ford having returned TO work aud this news
probably prevented "a further decline Re-
CENTS and estimates continue ibcrl, aud
avon the Texas movement Is cAtciSnE no. he.
Ing nov only about 21l,Dlo bales tG'Iind 1896
from which those who take TO igur0s Rte pnt- |
ting II that the Texas cror viii be about |
S.leo.eo0 10 add 70 the bumper crop In Arkan-
has and States east Of the Mississippi Ths
soil'is today has been principally for the re |
count Of longs who did not like tho unsettled
poEHc@ conditions particularly in the Far
East. and what little support the market tc-
ccifed from lime to time as prices declined ;
came from limited buying orders in a Hman =
way which have hcen In the market for soy
erai Gays and from shorts who We're satisfied :
with the small profits In sight. The market !
cleses 10 points down from tho recent high
point, and the decline to-day has been 40
mpcl greater than has lately been the case tn :,
an! orc day that traders genoraiIy EXPECT
some rally after possihl, decline in tho
morning or q tcw points, ana taking the lnni {