The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-19
IN The COTTON MARKETS
Statistical Information Of the Leading tx
changes Of the United States.
NEARLY ALL MONDAYS GAIN WIPED OUT
weekly Crop Reports Were More
Encouraging Than Espected-Am-
erican Future Markets Lower.
ofncs Of The Post.
Houston. Tnesday. AprIl Is.


Yesterdays advance wouldn't stick. The
weekly crop reports were much more favor
able than had been expected and had the
effect Of uncovering considerable long cotton.
ST eculators are keeping aloof, leaving the
professional element and Neil to run the mar
ket to suit themselves As soon, however, as
the annual reports OF serious damage TO the
growing crop from floods, weeds, drouth,
wtevil and bolworm are fully circulated.
prices will probably move upward. Mean
time, but little is expected in the way OF
bull movement. as there is an utter absence
of snap in the market Every few points ad-
vance is followed by a corresponding decline
There was no change in any OF the spot
markets. and the tone. though quiet. was
steady.
Futures in Liverpool closed unchanged. Now
York, after opening at a decline Of to 3
points. closed at loss of TO points. New
Orleans was 8 to 4 down at the opening, clos
ing to lower than yesterday.
Port receipts we're 1902, against 1e,3o3 last
year and IA. 406 in 1895.
Houston expects tomorrow 500 to 700 bales
aGainst 221 last year and S66 in 1895.
New Orleans expects 5000 TO $500. against
22S6 last year and 1853 in 1895.
Cargill & Richardson say OF cotton: There
was hardly sign of the bull enthusiasm in
todays markets which was naugurated yes
to-day. Liverpool did not respond sufficient
ly. closing prices being unchanged. with $1,000
talen by spinners This in itself could not
be called bearish. but the buying was scat
tered and Of such little moment that prices
were inclined TO ease nearly all day The
weekly crop summary showed almost perect
cchoition over the belt. and was probably the
most bearish influence the bulls had to con-
tend with. In the northern portion OF the
ttlt little planting has been pushed vigor-
ocsly, and the plant is coming up In the
southern portion OF the Gulf States. In the
southern portion of Texas planting is nearing
completion. with good stands while the plant
Is we'll advanced in the northern and central
portions of the State.
The semi-weekly receipts at thirteen in-
terror towns are estimated at q 900 against
$4,000 last week Memphis and Augusta re-
oeiyed nos, against 1908 last year. Houston S
estimate for tomorrow was small enough. but
New Orleans easily made up the deficiency.
One OF the features Of today's trading was the
weakness shown in the near months, due to
transferring into the fall and winter posi-
Tons. Our New York wires after the close
Market declined on rumor OF strike in Ian
cashre."
New York. April B-s. Mum. Son eco
say Of today's market:
Todays market was dull and easier Cables
NN'o Disappointing anu lrduSBCtlOns DEQt
Prices sagged from lack Of support and the
market relapsed into last weeks narrow.
steady. -fsetureless condition.
Although prices are low enough and CON
ditions in the South are unchanged. the free
crop movement and desire 10 await develop
ments are holding both sides in check
The government report In Nav. which is
the first on the cotton situation. we believe
viii show considerable decrease In percentage
COMPARED with last wears We recommend
the purchase OF August on recessons.
View York Cotton Market.
New York. April II Reports from tbs cot
ton belt we're generally of favorable char
ac,er. both as regards tho westher conditions
and the status Of field work Glowing re
ports were plainly numerous from the soutt
This led tn brisk selling and the FIRST call
showed a decline Of ! to points. This new
crop positions we're the weaker
Immediately following the opening call
however. there was a TEMPORARY rallv Of a.
point or two started by the German contin-
gent. which has lately been watching the
market for IN turns There also some
buying for foreign account mixed with sell
ing orders from the same source Later tho
selling became general on further favorable
weather accounts and foreign weather news
as shown by the cables that followed the
opening Prices fell of steadily until there
was net loss of TO points without any
support to speak OF EXCEPT which came from
the bears covering short contracts. The mar
ket was finally steady at net loss Of 10 6
points.