The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-20
IN THE COTTON MARKETS.
Realization Of the Nearness Of Hos
Utilities o Bull Factor.
The UNDERGONE SHOWS FlRMNEss.
Futures In Liverpool and on This
Side Close Hixhcr-Fiftcen Thou
sand snles I'm Liverpool.
Office Of The Post,

ftOuStuu, lueSuuyt hpTl ~.
Now that the world really believer the OPEN
ng Of hostilities is but question OF hours,
the speculative world seems moro settled.
Foreigners are afraid that ports might be de-
clared to be In state OF blockade, even II
only on paper, and are buying cotton as fast
as II is offered and paying full prices
Spot sales In Liverpool today were $1,000
bales and the tone was firm.
.hc American spot markets closed un-
changed, with good undercurrent
Futures in Liverpool were up 2-64d at the
close, to 8 points up in New Orleans ana
8 to In New York. Sales In New York were
quite liberal. considering the almost Ger
tainty OF war
Port receipts were 1e,so3, against 1904 last
year and 14.i05 in 1885.
New Orleans expects 1900 to 200 tomorrow.
against 176s last year and l1ss In 1895.
Houston expects 200 to 800, against AL last
year and SEC in 1885,
CnrEilI "a Ricl,n rdson's Circular.
Caigill Richardson of Houston say: We
ate now nearer war than any time yet. The
president will send his ulimatum to Spain
this afternoon. which will tell them to get
out CT Cuba or be put out aud no good Amer
lean believes the Dons will so without a
night Operators on the different exchanges,
as rule, have believed that this would be
tho outcome for some time und have been
tr,alng with that end In view-sollng stocks
ana cotton and buying wheat. Today the cot
toi market was tho only one to fool them
IL advanced, not so much because war Is
bull factor in cotton. but because there are
a few who have been waiting a long time for
inc break that never came to buy their spots
AMI are now the bidders with the people
ma tn hf,11
diciators. The bears In our markets tried to
delress values again today after good open
Ing. but bought bnck their contracts near the
CLOSE at the top prices of the day. Liverpool
agn cent us good market. being 2-6id up.
with SPOT Gales of $4,000 New York clos.4i
$780, to up Ne, New Orleans to up; spots un
York market today were Liverpool and New
OrltanF.
,, stocks were easier; but onl, moderate de-
low record. English and United States bonds
hMi per cent lower. Wheat acted strons,
bat advanced only lc for July. The buyers
were war bulls and sellers the professional
clement. September wheat closed at I9Ssn |
''et December at 1875.
u. w. Hunter - Co.'s Cotton Letter.
Liverpool advanced 2-6;d and did l5,oou
bales on the spot. still viewing tho situation
as wnrlike and sending buying orders again
today to this side. fears that exports of cot
ton will be interfered with being the sole in
centive to the firmness. Some SPECTATORS |
are sending buying orders from America TO |
LiNcipool, thinking that that market will |
nave big advance when actual hostilties |
set IN Our markets advanced 5 to- E points |
Ia sympathy with Liverpool, and while y. |
Is 'Apected that our markets will not fully |
respond to the Liverpool advances and that |
inc dinerences Will widen in case of war |
suc1 mas not yet been the case We have
Kept fully up with Liverpool. and. in fact.
nave kept too well up when the higher ,u-
slranco is figured. Should peaceful settle.
nent result Liverpool will drop rapidly and
our markets will keep up with the decline.
There was not much in the trade TODAY ey-
cept war spreads. the market Mt times being
stagnant. Yarns at Manchester quiet and
vance: The market cased off points fl>m
nc highest at the opening. which was the
same as the high point OF yesterday and wns
iul and easy ut the decline. but toward the
lose shorts covered on alleged fears of an
otner squirt in Liverpool tomorrow morning
'nJ inc close was at the top of the day Port
'eccints 1880, exports 5000, The South came
N at the eleventh hour and was noticeable
onyrr today. message received from n sue
,essful plunger in New York reads: what
'id stocks do on Mckinleys message? What
VIII they do on his ultimatum?" This a. n
'ti snS peace tip, and in view of the absolute
'oirectness OF this mans opinions in the re-
'en. past, we think that he knows whereof
10 speaks and that the public will know to-
morrow or in day or two that the adminis-
rhtoh mas secured just what ii wanted and
nov there VIII be no war, and consequently
nat stocks will boom and war purchases or
otton and grain will he sold CIT Mt a loss
\ naval demonstration Is no war
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