The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-17
IN THE COTTON MARKETS.
No Features Of Special Interest
Were Apparent.
POLITICAL NEWS WAS REAsSuRING
stocks Advanced ana Their strength
Helped Cotton Along = Futures
Higher and spots Unchanged.
oface of The Post.
Houston. Wednesday, March l6.

4
! either way in the cotton market TOD q. New
from Washington was to the effc,. that
! might be another fortnight before the court Q
inquiry made its report. 1t was also rumore
/ that President Mckinley had intimated that
way would he found to avoid war. These re
! ports had reassuring effect as was apparen
! By the bulge in stocks both in this country an
/ in F.nrepc.
| So far as the acreage OF the next crop Il
concerned, 1t ia still matter of CONJECTURE
aud perhaps hinges more on the possibility o
wa than is generally thought.
| Liverpool did not advance as much as wa:
| expected but closed with most months l-6it
UP New York options are unchanged to
poipt up and New Orleans las points higher
the greater advances being ON far off de
livories.
All the spot markets closed at unchanged
prices.
Port receipts were 27.s55, against 1851 last
year and 5000 in 1895.
New Orleans expects 1000 to 5000 tomorrow.
ueainst 1888 last year and 901S in 1895. Hons-
ton expects 100 to 1900, against eos last year
and 2S31 in 1905.
Hunter az Co.'S Daily Cotton Letter.
Liverpools advance of l-G4d was rot fully
up to expectations, but the bulls who bought
yesterday for a little iurn disregarded this
and last nights prices We're bid at the open
Ing and under scattered buying the market
advanced further gag points, the strong stock
market and absence of disquieting political
news helping prices. The semi-weekly fell
1900 bales behing 1895 and estimates were light
while port receipts were liberal, running 5000
bales over early estimates Port Arthur clear
ing over 1000 bales. New York reported SOME
selling for New Orleans and a local plungcr
in that market was credited with hammering
July. Liverpool private cables said that the
trade had secured very fair surplus stocks and
would likely fall back 80 a moderate extent
on their reserves, owing to the slack demand
from Eastern markets. The country offered
en'. Liverpool seems adverse TO any material
advance, and adyices OF active preparations
for tie next crop check the ardor of the New
YORK bulls, who are constant buyers on soft
spots and are firm believers In much higher
prices. Estimates are given out of million
decreased acreage, but the feeling in the trade
is that il will not show much difference from
last year The outsider is not in the cotton
market to any extent, aud unless speculation
takes hold of the staple there is not much
upor which to base hopes OF any immediate
material change. in values. New York is
working for a higher range OF prices aud
seems likely to succeed in small and scalp
ihg way, and If the professionals in that mar
m,,, Ice" sui Ine pubic 20 lol Win them the
Inoi,s r. We Ne a ~" su15tan.n' pun turn. "
as The other Tor o The nros Wnt ap nd as sooa
M thc s saft Cau sen i,, on nafu Spots ana bly
nnrhe, brnle ,on 10 ~ 5 nohts p1on,, me
the day. rallied / noints anJ GraIis, eIo.s "a
+ion If hettar , Us 'es'.roas, WIN eXpecta-
r,rros oe''e' pii'es III 'ie carry tfading TO-
i''''0"'
CargiIi & Rtchnrdsor.s n.x,.