The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-16
IN THE COTTON MARKETS
Statistical Information from the Leading tx
changes Of the luited States.
NFySFROa LIVERPOOL WAS ENCOURAGING
Failures showed an Advance and
spots Were in Good Demand
Contracts Closed Higher.
otace OF The Post,
Houston. Mednss lay. Msrch IS.

Houston, NedncS Jay, March 10.
The cotton markets all saowel some under,
lying stenst5 today, Liverpool was cncour
aging from The stsrt. spo; sa,ss there were
l2.oc) and prices were STEADY Deliveries we're
also bstter. 'fhe carly calls were about a;
Yesterday 5 closing prices. but advances o2-
cnrled later and the cloge was id2-siths hisA-
CT than yesterday. This, coupled WITH un-
fsvorable weather reports cast CT the river
and lighter receipts than expected. gave TIE
American bulls some ieeway aud thos forced
prices up a little New York CLOSED at an Al
vance Of id5 and New oiieans sac paiats.
The port receipts were 27,7I5, against 25,s55
last year and s3.e2s in 1895.
Houston expects tom brow 900 to 500.
against 1869 last year and 2s3i IN 1880
New Orleans expects 800 to $500, against
!S2l last year and a9la in 1895.
All the spot markets closed unchanged ex-
cept New York, which is up lie.
'fcStile America says. So much has been
said in various journals within the past two
or three months, relative 10 England's plans
for promoting cotton growing In Egypt. With
the view OF becoming ultimately independent
OF other countries for supplies that the fol-
lowing statement from a Cairo correspondent
will be OF special interest in showing the
utter tmpossibliity. OF such a scheme, and con-
sequenfly OF the utter improhability that 1t
has ever been contemplated: Strange TO
say, there Is very little British capital ia
vested In the cotton fields Of the Nile al
though such investment would prove very
| romuneratiYc. The total cultivated area
| OF Egypt is under zoe GO acres and sup
| ports population Of a,6Ji323. There arc
| no manufactures, and agriculture Is too
| livelihood Of n,arly the whole population.
Wages for strong, capable, docile sborers
| are lis TO EOS per month 49, tn So. and IA Dor
! is very abundant Even with the completion
| OF Nile reservoirs and abundant summer
| water, ono has only TO look at the may and
| see no. very limited a country Egypt Is
| South OF Cairo the valley ie marrow. henme1
| IN by high hills, and beyond widening a little
| the narrow strip Of cultivated land. which /,
| never more than ten miles across. and IS often
| barely one mile. no extension Is possible. In
| lower Egypt the Delta north Of cairo il
| bounded on The west by the Iihyan desert
! and on the east ny hills. In either case tho
| land rises a. once too high to permit Of
| irrigation. Thirty feet above levei OF hiah
! Nile would ehcctually prevent pumping, and
IN any ease the desert is unit for cotton.
| Ten million cantsrs Of cotton is the maxi
| mum Egypt viii ever produce and II liz in,
possible TO reach this maximum in ten wears.
| even with British control, British enterprise
| abundant summer water scientific methods.
| etc. The Soudsp is quito another question
| hut as Egypt requires all the summer water
! IN the Nile the Soudau must let IL pass As
| summing, however, the opening MP Of Central
| Africa, II does NOT imply the creation OF
| W 1850 @S'-'
e,a.r.u = pioh.ra..
kct:
Foreign adyices in cotton were Of the very
best today, prices in Liverpool showing a
| net advance on the day ot l 20 1la-s+d. with
takings on the spot l?.oao, Cables from there
! reported brisk trade with coverinr tho order
...in.t .,i.s - ar .i..u.. ,,,..,. i; ~.
aN'.ust eaies VI cue instant montns ~ NFN
YORK In our market prices rnlsd quiet and
all dax~ rxrt X,rlr chc NV
| FEATURES, except a continuation in r small
way of the good buying started YESTERDAY
they reporting outside business Of a ighr
character. houston estimate for tomorrow
WAS hNe times as large as the comparative
day year ago. New orleans estimate 1907
| less Mempnla and Augusta received 80.
against Slol last year. TINS ports got 1000
! more than last week and 1000 less than last
year; The semi weekly showed reeeipts o
I'll against gains. $50 last , %eek and 800 ast
| year stocks increased 5000 bales during tins
hslt week
| Is follows Preparations for planting have
made much progress the past for asignt OWNS
| Vl lnpr9Neu Wea.nsT;, rue aeHsc1 Y NsIE
| NV, am NOT oyer 90 psr cent ol Esuers'
pl.parsuons - Jar nave oeen eeeompilsheI,
| 40 aennlte lIlorIna.lou 81 % aSltSke; put uut
OF sow returns " per cent report g. eesrs'aS.
II YER cent same as l'st ysar, ana per IN
az leIeass. GutS t o AIh san az, enc III
,, nee, may Increase for \ time. y no'
lNos suoa 'nV'eSso WIN pe rhateil" OF p'o'
'Onseu'
NON tnat 1he movement mas 70 srssl fH.
ntlees. nperators arc wataning the wel,ne