The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-03
IN The COTTON MARKETS
Statistical Information Of the Leading Ex
changes Of the United States.
SLIGHT REDUCTION IN FUTURE MARKETS.
weekly weather Report Said That
Conditions Were Pcrfect-Spots
1-1G Lower in New York.
Office Of The POST.


II was another dull day, Disappointing to
the bulls. The weather report for the week
reported conditions as being perfect for the
growing crop and the planting OF seed where
the season is backward There was consid-
cradle liquidation. but buyers were always
found and this prevented any slump. the
fluctuations being narrowed down to few
points
The movement is still rather free for this
time of the wear. but 1t cuts no figure In
speculation. The scent figures are all wiped
out OF the New York board for the first time
in many weeks.
Spots in New York are down Lie. In
other markets they were unchanged with
prices in favor OF BUYERS in LIVERPOOL.
Futures closed at a decline of la-6ths 10
Liverpool, to 9 points in New York and to
points in New Orleans
The trade is waiting eagerly for the monthly
bureau report due tomorrow week the 10Th.
Houston expects tomorrow $50 to 400 against
22O last year and $40 in 1895.
New Orleans expects 1000 to $500 against
1927 last year and 1858 in 1895.
Cargil e. Richardson say of today's market:
The cotton markets were a little weaker
again today, due principally to the weekly
bureau weather report which was all that
could be expected. The Texas summary is
as follows: Warm week, with lust sufh
cient sunshine for rapid vege able growth
farm work pushed. Cotton being chopp I'd
out IN southern portion. aud or wing nicely =.
eXcept some damage from brisk winds. Plant
ing well advanced in northern portions.
Other States about on same Ines except Mis-
sissippi where rains are needed McFadden
was quite liberal seller on the opening TO
New York. which caused some easiness. but
at the decline the market was well supported
by New orleans and Germany crowd buying
Ide was a good buyer also Some long self
ing was lnGuiged IN bur the decline was not
sufficient to cause much liquidation,
Undoubtedly the present weather is all that
could be desired to insure n good stand in
cotton but II probably is vet too elrly to
that the present prices for the fall months
In New York are what they should be In the
fall. with mddling cotton SAC at the Gulf
portE Our New York advices are some what
bearish, saving that the market is heavy and
general support lacking
New York, May Is Mum. Son & Co
say of cotton: The opening was dull at to
points decline. Gables we're weak ana
unCer heavy liquidation, prices sagged to 4
POINTS further, rallied on covering and closed
barely steady, unchanged from the opening.
Prices are too low tc attract much selling
Both sides are inactive, awaiting the govern
ment report. which recent reports from Texas
indicate will show a 10 per cent reduction in
acreage for that State and We believe that
on the whole II will he favorable to the bulls
while on the othe- hand W. are more recently
informed that the Lancashire strike will In
all probability occur, as srinners have posi-
ports are also of very encouraging and salts
factory nature