The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-03-25
in The COTTON MARKETS
Statistical Information from The Leading
EXCHANGES Of the United States.
HOME MARKETS ADVANCE 4 FEW POINTS
The General situation, However, Re-
mains Unchanged Houston Mar
kct Up One sixteenth.
orlce 81 The pos.
Houston. Frlday. March q.

ONCE OF Inc POST,
Houston, Friday. March "A
The cotton markets still continue unset
fled--up one day and down the next To-
day the New York and New Orleans fu-
ture market regsined within / to points
the loss sustained yesterday.
The opening was easy because Of large
liquidation, but soon recovered strength
when estimates we're posted for the week.
The into sight estimate shows between
10000 to $1,000 bales less than was an
ticipated
The principal buying was done on local
account in New Orleans aud New York.
spectators on the outside awaiting an i'd
vance that they may close out Liverpool
was buyer In small way in New York
for early months but dumpsi all they
could for October. November and Deem
ber
While buying was light yet the offer
ings on every decline we're taken. The sit
nation. as whole is unchanged, and the
fluctuations each dsy are accounted for
only TO keen NJ trading.
The Liverpool weekly statement shows
a decrease in sales from last week Of Il, :
600. and for last year Of 1900. while the re
ceIpts show ufslling off Of 1000 from last
week and $4,000 from last year.
New Orleans futures opened steady at
decline Of to s points below the close
OF yesterday ruled quiet with the decline
resained and closed steady and unchanged
sales $500. Expected tomorrow 75oO to
$500. against Sso7 last year and sl25 in
1895.
New York opened steady ! point lower
than The close nj Yesterday ruled auiet
and steady vith the Lose Of an additional
point, and closed steady 8 to points over
yesterdays quotations Spots closed quiet
and unchanged sales 500 bales.
Liverpool futures opened easy ] to .
points down. ruled quiet and closed /
point below yesterday Spots were duii
but STEADY aud unchanged sales 5000, Of
whi7h 1890 were American.
Houston spots closed quiet lis M.
Tomorrova expectations are 1900 TO ieco
against 1872 last year and 1852 IN se5
Sales none
Galveston closed quiet a, unchanged
prices with no sales
Cargill & Richardson say OF cotton;
Despite the very good Liverpool this
morning. only l-sith down at p. III.
our markets opened rather easy on con
tinued liquidation, about / point under
last night. and ruled weak with a loss Q
points additional but quickly recovere
when the Houston estimate was postec
This showed but 200 more than the sam
day last year. and confirms the report
sent out from here that this week woul
see the finish OF held cotton in Texas, vt
cept for scattered lots, which are bein
held In the interior for various reason
During the last hour additional strengt
was shown when the into sight for III
week came out, same being about 20 90
bales less than expected, showing 1885,
VS. 1870, 64S last year We are now 3Sl "a
behind last year Memphis and August
received 3l0i VS.. l247 last year. New Or
leans estimate was large. 5000 VS. $50
last year, but as considerable OF their cot
Ton is from Texas, and has been previou.
ly counted at Houston, IL does not hay
the effect the bears desire,
The buying today was principally 70
local account in New York and New o.
one to advance the market so they can Sc
out. Liverpool bought a little IN No,
York, principally May and August. bu
cold freely OF October and December
There seems enough buying on each lit
decline to absorb the offerings while a
spurts find longs ready to take profits
New York. March 2i--S Mum Son
Co. say OF cotton With the exception
a steadier tone, today's market was witt
out feature. Both sides seem awaitin
developments. We contend that the bo
tom facts OF the cotton business in tn
country has not been changed one iot
from what they were when the merits
cotton as an investment and speculate
commodity attracted the confidence OF Il
buyers. We hold that this crop Is drcidet
~ smaller than the high crop estimat
issued early in the season. aud that this
" literally phenomenal year IN the colt
world Consumption Is far the largest
record, cotton goods trade on both sid
of the wator is likely o be artive for MAJ
months TO come, planting preparations
the South are far behind and tho sales
fertilizers, which Is so essential to g,
tons cast OF the Mississippi river 10
raising of the crop. are unusually sma
and it is unwise o assume that nature
going TO produce three bountifnl CROPS
succession. We don-t disguise the "a
that the world Supply is liberal. this
face With hullish convictions because
beleye. with many others that have ca
fully studied the situation that the ST
ply viii be Offset by big consumption I
weak long interest has hcen wceded ,
by the recent decline and the market
really In a stronger position than Al a
time for many weeks past We think
chances favor the bulls in purchasing Il
positions.
Chronicles Weather Reports.
New York, March 2i.-The Commerc
and Financial Chronicle says; Telegraph
reports 10 us from the South this event
indicate that on the whole the weather h
been favorable for farming operations
past week and that generally preparatic
for the new crop have made gnod prosre,
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