The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-15
i'm The COTTON MARKETS.
Sensation Nonaers Mere Out Of
Their Usual Ammunition.
THE FEELING WAS A fRIFLE BETTER
liverpool Deliveries Failed to De-
cline. as Expected american
Futures Hold Their own.
Office OF The Post.
Houston. Monday. March H.

Office OF The Post
Houston, Monday, March IL
There was no war news of any alarn,in
character aaoat today, so cotton simply mad
up Its mind to let wen enough alone an,
remained about stationary
The findings OF the board of inquiry int,
the Maine disaster were not exploited, no
was there the stale report that the Montgom
! cry had been blown up.
1t may be the calm preceding the storm
Certainly it was remarkable that no wild re-
ports were circulated
Liverpool was expected to show decline
of about 2-s4, but agreeably surprised the
bulls by closing from unchanged to "A 81 off
This had good effect on the American mar.
| kets, and when 1t was reported that this
country had closed deal for two warships,
| King Cotton grew quite brave and advanced.
| Before the close, however, little scare set
! In and the close in New York was unchanged
| to point up and in New Orleans unchanged
| to higher than Saturday
| Liverpool reduced spots l-S2d and Houston
| l-loc, other markets remaining unchanged.
Sales were freer than for some days past.
| New Orleans expects 5000 to 1000 tomorrow
against 62i0 last year and 1855 In 1896.
Houston expects 400 TO 1900, against Sle2
In 1897 and 5llS in 1885.
Hunter d Co.'s Daily Cotton Letter.
Liverpool was off only u point, whereas a
break of at least 2-6i was due to even up
with our decline of Saturday. We opened UP
to points, May in New York selling UP to
oss soon after the opening, from which there
was drop to Saturdays prices, and later
slight rally. Port receipts ran heavy, but
estimates for Houston and New Orleans were
light Shorts covered in the early trading
but on all hard spots there was great deaf
OF long cotton offered for sale that had been
held on TO during the panicky session Satlr-
uay. me market closes with little change,
nut that little is for the better, and the prom.
Use Is for better prices. London was rampant
on American stocks and closed strong at good
advances, The New York market was up
TO per cent, and stock brokers had the
ppiggest BUN day in long time. Our New
l rork correspondents call the markets of last
FRIDAY and Saturday not bear markets but
scared markets. and the bargains picked up
on such days showed handsome profits on the
runaway oulges today, which were natural
30 long as the newspapers give the public
srim-visaged war one day and white winged
peace the next, with all its delightful ao-
COMPARTMENTS OF prosperity. we will have
RAPID changes In all the markets and many
s,aes, but the best traders think the ultimate |
result will be very bullish and that cotton
WI lead IN the strong upward movement, |
wnlch VIII soon come TO stay in all the mar |
kets. ~
CnrEilI & Richnrdson's Review,
Cargill G. Richardson of Houston saw: The
war correspondents failed to give us the re-
CURED amount of sensational news this morn
ing, and the result was that the different
exchanges, dressed in bull garments, sailed
into the markets to get back some of the
stun they threw over so generously last
week London buled stocks, New York
ditto. Chicago bulled wheat and our ex-
,hanges cotton. Cotton and grain however.
,oon turned weak with the decline in stocks
shich followed the buoysnt opening, and
,hied dull with barely steady tone all day,
STOCKS after the decline during the forenoon
became very hrm again. closing at nearly
lrday.
In cotton we had light estimates, for Mon.
Jay Tor the comfort Of the bulls, but the
ears mad sentiment and very poor spot de-
mana on their side. The latter element are
ointlng with pride to the continued heavy
eceipts, saying that we still have l. 400. 400
ares 70 come into sight for the season, with
he spinners out of the market New York |
nd New Orleans closed unchanged TO / point
r. Liverpool u down. Spots unchanged ex
ept Houston l-l6 lower.
LOOMS 10 us IKE political news would be
he controlling feature In cotton for the
resent, news Of disturbing character caus-
az easiness and the contrary Improvement.
Cotton BoIIs.
Inc following paragraphs are from the New ,
ork Commercial:
Some sections of South Carolina report that
'cai miils are quick buyers of high grade q
otton. 4
In |
IN some parts OF Louisiana farmers are :
king considerable quantities of fertilizers. 9
reports IRON Monticello, Ga. say that cot y
IN is still coming to that point, and that h
Irmers are taking guano literally Last !.
'ar Monticello sold 1900 to 400 tons pnann q
al this year 100 tons have already been a
ceived. Wy" a
Bennettsville, S c.--Indications point TO 5,
s. cotton IN the country than at this time Ii
st year, Money has been scarce and claims :
ION FARMERS very pressing II requires more
tton to pay debts Probably less fertil-
ers VII be used and less cotton planted
nonh,e'ns reports concerning acreage con ii
lue to come TO hand. Several points in Il
kansas report that blowing will soon be Ii
nmeheea IN earnest and that a smaller
tsase Is TAXED oil among planters, and that
anters nave comparatively little cotton Ief, |
Reports from Manchester announce a stead,,
siness Offering In cloths, although the ex
nded deliveries asked for by manufacturers In
'a ns ar,isies Is materially interfering with NJ
NJ
erai business has been closed with maLerS 81
'inciined to entertain offers of new hist RI
IS except at substantial advances which in ~
me eases have been paid :" N,
reports continue to come in from differen, | No
mons OF the cotton belt stating thar yerv n
no cation is left. Some ctdlseryatIye Az In
'Itles, however, say that reports Of that IN
ia nave IN them large element OF ,,ncer. W,
MY except In few isolated cases, as Ne
ny points not heard from may have eood 4 m
y OF cotton. il Is thought probable bnw- ~
n. CtA
NY well cleaned up >00' are 81 a.,
New York Cotton. i
's" York. March H--Early news reflected La
'erally better conditions in cotton, Liver.
y cables told OF Very steady market 10, :
ures ana good business doing in sno,s I
. sent less confident shorts To eov4y :,
start ana prices moved up aTs points or Oh
active options. Later. however. reports bs s
: spanish bonds have taken sharn Sci,
iole IN London and promise ~ ,.r $500 Ma
sspus brought on liquidation, and bsrp"r. M,
lseay prices were back to the Anal ssrus jan
xnI1