The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-23
THE cOrTOX MARKETS
ofaso Of 'rhe Post.
Houston, Friday, April %.

sl Houston, Friday, April %
| The cotton markets are n ruzzle Tho best
| that can be said is to allow the quotations
to stand for themselves, becanie there are
| Numerically opposite views entertained as to
| the ultimate result. @ls5s Hss u, 4. T.. -*sl.
There is a continued falling Off in the
| movement, which. however, In the war scare
seems to be overlooked.
cnrgIII & Richardson's Circular.
Cargill & Richardson OF Houston say:
In cotton Llverpool's early market was the
same as yesterday, later declining 2Js-s4d.
Our markets turned weak after a steady
opening. but advanced rapidly the last few
minutes. New York closed unchanged and
New Orleans lower. Spots quoted UNI
changed except Houston and Galveston, whtre
prices were advanced 1-16. Into sight for the
week 72,2s6, against 62,524 In 1895. We are
now f,GO7,O00 ahead of that year. There Is
a general disposition to sell held lots OF spot
cotton. which is causing some increase in the
movement There are plenty OF buyers. how.
ever, and with continued war some OF them
win get left, War will demoralize labor and
interfere with the making of new crop.
Cotton should sell higher. Stocks which have
been sold to stand still rallied n little today,
and thp wfr bulls in wheat after nm carly
scoop turned prices downward. 1t Is much
essieric advance cotton at 8 cents than 1t Is
wheat between so and 30. The conditions in
both are nin,flar, small stocks and good
demand. September wheat closed SlA, De-
cembcr SOS.
II. w. Hunter & Co.'s Cotton Letter.
Liverpool reported decline of 3lA Gid ON
contracts and only a fair demand for spots,
GALES 1900 bales. Offers from this side were
refused and Liverpool showed disposition to
halt in her rapid advance, having apparently
gotten pretty well filled up. Our market
opened to points lower and further de-
clined to 5 points. August In New York
selling at go, and In New Orleans at 5.91. |
The bull taiers who got a load Of cotton |
yesterday from the leaders in the recent |
scared and unnatural bulge. who sold out |
Yesterday tried to work rally in the late |
trading for effect on Liverpool tomorrow. and |
did manage TO bid prices up on very small |
business, but the market acted heavy and
closed under manipulation, at about yester- |
disposed to advance with New York and rail-
lied slowly from the lowest, closing points
down on the day. The Chronicle report to-
morrow will be bearish, and weather condi-
have their effect on the market. The spot
demaId has entirely disappeared, and in the
absence of an extensive short interest and
another speculative scare we can see nothing
on which TO bull cotton, AMI think 1t a sale
on Any little bulgrs. Now that Havana is to
be tiockaded. VIC will have AL kinds of war
rrmors, end sample of the reports TO be ey-
leotcd was started today, but this Situation is
well understood by traders whose operations
have most effect upon the market, aud lsgiti-
mate Influences viii govern the course of the
cotton market. The recent unwarrnnted ad
vance has killed all hopes If bull market
this spring, and without some serious dam
rge to the crop now under Roadway. war or
no war, cotton is bound % sell much lower
The decline may and doubtless will be grad
lal. on account OF the dizziness of specula-
ion, but short sales of Gotten ought to be n |
splendid investment. particularly for those
who are interested in the marketing of the
lext crop.