The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-25
O1ION MARKETS.
ficts Veil MslStsined Under Ad-
verse circumstances.
USUAL WAR RUMORs WERE AFLOAT.
spots IN Hcuston, galveston nnd Liv-
erpooI I.ower--Futures ON This
Side Closed Better.
SusuAl WAR RuMORs WERE AFLoAI.
onIce Of The Post.
Houston, Thursday, March "a.

VI Houston, Tnursuay, Marrn ~.
Cotton held It's own well remarkably wei
today under circumstances which would or.
dnariy have caused a slump. as the politi-
cal news was not such as to buoy up cotton
The stock barometer showed that spccuia-
i've markets are very sensitive II fire
cracker should be exploded on change war
( scare would occur. 1t was announced that
Y thc Spanish flotilla had left the Cannries for
Porto Rico. This caused decline. Then
came q semI-offIcial denial, and this was fol-
lowed by confirmetory news OF the first dis
patch sending prices down. Cotton was al
most as susceptible to war news as stocks,
but not quite so much. as prices are low
enough TO discount trade
Liverpool reduced spot prices 1.scd and
Houston and Galveston declined Lice Other
spot markets closed unchanged.
Futures In Liverpool arc one-halt i-Gid
down.
New York futures closed TO points up.
New Orleans was down . points on April and
unchanged to 8 zip on other options.
Port receipts were 1901 against 1873 last
year and 1871 in 1885.
New Orleans experts 1900 20 1890 ngainst
2555 last year aud 696s in 1916.
Houston expects. 2loo 10 200 against III last
year and 1929 in 1895
Hunter s CO.'S .Doiiy, Tpiton Letter,
Livorpoc, was only y point lower, and our
Tarttts opened 10 points Higher. but Tie
sdtsfoe met selling by longs. who held over
yesterday, aud the maj et sold of TO the low
point OF yesterday. Augist IN New York.
$40. May In New Orleans. 5.ss, from which
there vas rally Of . to points AID the
inariet clearly showed disposition to I'M
prove further, but fire OF scnry political
fews vas kept np Ell day. Tho mort import
sailing oil the Spanish torpedo fictilla for
Cuba, which news was confirmed b: SeGfc-
tRry Long, aud had a depressing effect on
ell the markets, turning a strong stock mar
ket into very weak one, and causing bold
ers of cotton and other nroducis bought on
margin TO turn loose. Port receipts and es-
Inmates were again light, but the unsettled
condition Of the atmosphere around Washing
ton discouraged the strong bulls from adding
to their lines ana caused the weak interest
On that side to sell out while the beara put
out fresh lines for little further turn down
ward Now Orleans longs sold and the Chi
cago crowd which has been trying to bull
cotton. dumped their holdings aud Wall
Btreet was Il seller Notwithstanding all this
the Inherent strength Of cotton asserted IT
self, and the market closed points up on the
,ha n1nr,fi,g W. bavn c,ma IN ,,,o ranc,,,
sion that we are not going to have war. or
for much and Thai war or M ,yas' co,ton 10
0 purchase for decided upturn. and we he
xsy ana mar cotton can he ho,,sIi AZ s,st
spots. hard spots aud all other kinds OF
spots. We leave the statistical position TO
cth0rs who are fond OF that sort Of thing
and who keep thcl public posted in this way,
and write principally of the specuiatiye phaso
Of the question. and will not 40 into the de-
'sNs q, Inn. only 70 say that preacnt holders
he, for much higher prices aud I'm, H.,
ehorts. which are numerous. arc scattered.
ard VIII run very easily when the bulls start
bidding up prices, which they are about ready
70 do.
----
arGfn Hishnrds"n,S He'iow:
coieili Richardson OF Houston say: The
= epV" q NY I'M Ntiiien' 10
nav, winch is rather surprising in the face
81 the weakness In Wall street and chicago
Tho fact that Liverpool "a holding nrIeeq nj
home and giving our markets some support
: enSourasing, ana while they seem 10 fud
e ~ guy noh'raa.s they nave no
he first time showing loss than in iss5 Is
well for the market, as buyors Of spo,e aro
e. Few, , Ne e, fork sald me principal support
,atton shorts Who wers talIng n spo.
% protect them ngainst their spring snles'
u New YORK today NeS Orleans vas again |
Leo er, ne''sr, Mi,n AZ, nnn hosky Moore
.,v,,s, ~, aa us atter hau niochs OF
" '"'N 80 "sS were ~ eaNen'
s aot'oh "n'tsrt'
New YORK, March 2a--Todby's cotton mar
E. for futures lacked Important nrw feHtures.
-, ,..,ss. "n' p''u's Without
= ~ ~'~'''"f ""s.s 'ihtiHB III |