The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-24
in THE COTTON MARKETS
liverpool Was at About the Figures 0
Last Friday.
VERY LITTLE CHANGES IN THE QUOTATIONS
Futures We're Dur hut steady a.
All Points. with Light
Trading.
Office Of The Post,
Houston. wednesday. May 3.


Liverpool spots were at the same quotations
as last Friday with sales of only 10000. None
OF the domestic spot markets showed any
change, New Orleans remaining lower than
Houston by several points.
Houston expects today from 27S to 325 bales;
New Orleans expects $500 to 5000.
New Orleans futures were steady and I'M
changed at the opening, ruled steady with a
slight advance for distant months and closed
dull but steady, point up on near positions.
unchanged for new crop months and points
above the opening for the far months.
New York opened quiet and steady point
below 10 a point above yesterday was duh
but steady at the noon call at point I'M
der the opening reacted 2 points from the de-
cline aud closed steady.
Liverpool futures were easy on a poor de-
mand. ruled and closed dun. the range OF
prices being within t-6ld Of Fridays close
Todays close was point under Friday.
New York, May 2S,-s. Mum, Son & Co.
cay OF cotton The opening was dun but
steady, unchanged to point advance, Ca
les we're as expected Prices eased off under
scme selling by spot holders, but rallied near
the close on covering, stimulated by the week
y government report, which rather favored
TIE bulls. The close was steady at about the
opening prices. The crop situation is prac-
tieally unchanged, with conditions leaning to
the bull side, The advance from the lowest in
manufacturer cotton goods is considered
TO be equal TO an advance to { cents in the
staple. The heavy oversold condition of mills
here and in Europe must sooner or later
force them to contract for their wants. which
will necessarily lead to a general advance in
prices. Cotton is cheap and should be bought
at these prices.
CarEill & Richardson say: After three hol-
days Liverpool opened is cotton market again
this morning, but evidently the brokers were
little sleepy, for that was the kind OF a
market they sent TO America, futures being
oull and easv ig-GiIl Gid down, with 10000
bales sold on the spot at unchanged prices.
They later bought = little cotton ia New York.
which was somewhat gratifying to the bulls
here, VINO are praying for help from almost
any source that viii make cotton worth more
money The sellers in New York were prin-
Cpally tired long lde a leader ia bear opera
items. The weather map was the hear topic,
showing light rains in the Memphis and Lit
tie Rock districts aud Western Texas, with
showers in few places in this state today
New York Cotton Market.
New YORK, May 23.-Speculation IN cotton
futures was inactive Tue market opened
Quiei anu STEADY WIN prices uncndnEen 10
point higher, after which there was a slow
improvement OF point or two on covering
and some buying for Wall street account. The
demand was met principally by active Phil
adelphia concern with large foreign connec,
lions. The rank and file hesitated to take tn,
short side ri the account owing TO the fac
that dispatches coming from the southern hal
OF the cotton belt indicated thu the crop wa.
Y somewhat critical condition, owing Il
the protracted lack OF moisture. Private re
ports from Louisiana, Mississippi Alabama
and Florida were particularly bad; the raw
ases from insects in many localities wer
said TO be serious The force OF such reports
however WIS somewhat broken by improves
accounts from the more northern districts
The crop account rs a whole was as conflict
ms as 1t usually is at this season Unde
such conditions traders were generally SLOW
10 make operations on either side Of the &C
count There WAS some buying on Southern
orders. which gave preference 10 nearby OPP
tions tt as class the Southern contngen
hflc aloof The Liverpool advces followin.
The Whitsuntde holidays were disappointing
Tho market closed steady / 10 . points ne
higher.