The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-28
IN THE COTTON MARKETS
Statistical information from The Leading
Exchanges Of the United States.
HOME MARKETS DECLINE A FEW POINTS
liverpool I- stendy with nm Advance,
Goiveston on 1-ie. other spot
Markets Unchanged.
onIce Of The Post.

The New York and New orleans markets
was Of meanderiug Disposition today. Thsy
could not find tcolne anywhere along the
Inc Of prices, and wsuds9d Ut and down
with variation OF TO points. finally clos
ing to points down on near months and
to z points on distant ones for New Yo's
and New Orleans 2 70 lower on all months.
This. TOO. in the face of a strong and adj
vancinR Liverpool market which causes the
bulls much satisfaction. But the New York
sreculstors who are long, are carving wry
faces. and hope for an advancing home mar
ket
Liverpool bought freely Of early months.
as did brokers representing Coltin sntal con
Germs,
The continued heavy movement is having
considerable effect in the market causing
speculators to b5lieve that the crop will reach
or go over tho estimated 100000 bales.
Liverpool opened quiet. but STEADY iz-6ld
up. ruled steady and closed firm at the oDen-
ing
New York openei steady at a dscline of
to 4 points. ruled steady with on aivalcs Of
to points. but slumped OFF and closed oui't
at loss of 4 to points below yesterdays
close.
New Orleans opened STEADY with March 10
points up. due to settlements and other
months . to points decline, ruled barely
steady, March losing the gain and other
months advancing l to 4 points. and closed
barely STEADY at decline Of l to points for
all mouths.
New York spot market closed steady at
unchanged prices sales 2i06 bales
New Orleans spots closed steady aud I'M
changed with sales Of 5000 bales Expected
tomorrow 10000 to tloNO bales against 5s4a
fer last year and s72S fer 1895
Galveston closed quiet l-ls down from sat
urday sales Ios bales
Houston closed quiet and unchanged no
seles. Expectations tomorrow are 300 to
800 bales, against 1880 last year and 5Tsl in
1895
Liverpool spot5 closed Arm, 50 advance
over saturday quotations Sales 10000 bales
cargtll & Riohard-,n s1v OF cotton rha
continued strength IA Liverpool is quito graf
flying To tho bulls In cottcn but the refusal
of American markets 10 fellow dos nj h,lp
the longs here, as nearly all speculative hold
inss are either in New York or New Orlanns
where sendman mi among leading operators Is
hearish This morning Liyeruoa sent us
l5-b4tra advance and 80 o. spots, which was
July IN 10 eNn Citations aId tnev als7 bought
quite generously In New York OF tna sum
NOR months, closing straddcS made duriag
January, OCti1n Of this. brokers with con
tinental connections bought quite freely for
tlmN, This buying stoned with tla clos-
ing OF European markets. ana on nrcfession-
al hammering and long selling, the markCt
ruled quiet and easy balance of the day.
closing at about lowest rlices.
The movement keeps very heavy Memphis
and Augusta receiving 1923 va 1850 last wear.
Houston estimated also VS.. 1870 last year but
will get about $500. New Orleans estimate
was $500 VS.. 5S45 last year. These heavy re-
ceipts have a little efiect upCn the marke.
as their continuance Is cau,ilg the trade 10
believe that our crop will be II 600 900. where
as month since 200 900 to 100000 L. SIS was
the popular estimate. The TACT remains,
however that probably SO oer cent OF the
last million in this crop will have practically
no spinning value and, while his Is in ore
least be made 10 nut this cotton IN NV York
and New Orleans on contracts which should
tend to depress the near futures
S Mum Son & Co. say of cotton; The
tenor Of today's market was easier. Con
siderable buying, ostensibly for Liverpool ac-
counts after the opening and satisfactory
cables steadied prices somewhat, but later
on they gave way under continued free croD
movements and better weather South. The
absence of outside speculation and the dull
heavy appearance Of the market caused by
free GRIP movements indicate a further de-
ClEe, We would not be surprised TO see near
months brcak under 20, and advise purchasers
in that noighborhood New crop months ar
holding much StaadiCr and are beilg pur-
chased in preference t. cailv positions,
Cunee-We recommend purchases on any
further decline