The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-26
IN THE COTTON MARKETS.
Improved Tone in Wall Street Had a
Stimulating Influence.
spoTs SHOW REMARKABLE FlRMNFsS
Hc,r,x All The Markets Firm and
Higher-Fntnres on This SIDE
Advanccd--Thc Reviews.
POTS SHOW REMARKABLE FlRMNEss

Houston, Friday, February 2S.


Cotton took a bracer this morning and
counteracted some of yesterdays nervousness.
The stock market Indicated that considerable
wind had been taken out of the war sails IN
that market aud the buoyancy was Infused
into cotton.
Liverpool was a little erratic during the
session, being alternately up and down. Al
the . o'clock call futures were up 2ls-6i. This
was followed by a decline, partially recovered.
and nj tho close that market showed a partial
LEA gain on near months. unchanged on sum
mcr and half 1.6i down on far positions.
Spots showed remarkable frmness with
sales of 10000 bales at Liverpool. Houston.
Galveston. Savannah and New orleans spots
closed lie up and firm with liberal sales
The demand for spots Is attributed to
short Interest in Manchester and to the fact
also that spinners are laying in stocks SO as
TO be ON the safe side should war with
Spain occur.
Futures In New York opened about points
UP and closed at an advance of to I points.
New orleans futures closed 10 up on March,
. on April to on summer months and .
on next crop deliveries.
The weekly into sight was 197,ie7 against
September 1 to date 9.ils,2ii against S.ia9, 752
in 1895.
The Houston gross receipts are 2S,oSs behind
1895, being 15Ss s96 against l6l3oSi In 1896
Port receipts were 26,2Ss against 1875 last
year and 1891 in 1895. For the week port
receipts were lj5.OI2 against Sii5l in 1891 and
81 1857 in 1895.
New orleans expects tomorrow 5000 to 5000
against 1885 in 1887 and S6l5 in 1895.
Houston expects s20o to $500 against l72l
last year aud 1921 In 1895.
Hunters Daily Cotton Letter.
u. w. Hunter Co. say of today's cotton
market:
Liverpool was 2-si up on near months ana
firm, but only Y up on distant and easy, the
advance being entirely lost on distant months
which closed 1854 down on the day while the
near positions closed unchanged to 1-6i adj
vance Contracts IN Liverpool are now on a
dead level up TO September October. which
begins y discount, all premiums having dis
appeared. our markets advanced points
In The early trading lost points, ralhed
again and finally closed points up on the
day The evening up of contracts which was
mentioned yesterday continued today. ana
caused an active market within the narrow
of a great many that the market shows COM
paratieely such little change from day to day
in face OF the very excited condition of the
public. and the disposition of conservative
traders to reduce their speculations, and even
up accounts, but the facts are that the shorts
In cotton were just as numerous and Just
as weak aud just as scared as the longs, and
il anything q little more so, aud where sucn
long has sold out there have been two
shorts bidding for his offerings. The amount
| coming into sight, 1897, runs the total up
TO 9,4lS,2ii against S,499.75l in 1895, and there
is doubt now but that the total on March
will exceed 9,S00,000 This is certainty
heavy enough, and bearish enough, but the
short interest in the market particularly in
spots has kept the market up in face OF tho
very large movement. This interest has now
been greatly reduced. and the question comes
up most pertnently what Will now sustain
prices. Some argue that with the abatement
OF the war scare prices are bound to advance,
we are inclined to the opposite opinion, ana
think that the market can now be sold on
| bulges like today's for short turns at least.