The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-19
IN THE COTTON MARKETS
Statistical information Of the Leading Ex'
changes Of the United States.
LIVERPOOL CONTINUES SHOWING STRENGTH
and Futures Were Higher--Amer-
lem Markets Quiet.
Office of The Post,
Houston. Thursdav Nav Il

houston, Thursday, May Is.
Iodays market was rather peculiar one.
Liverpool showed decree OF strength which
should have made the American markets 20
higher. Instead. however the prices prac-
| tically went the other way Liverpool sold
$1,000 bales on the SPOT and advanced spot
quotations i3@l-6ith. New Orleans closed
| unclaimed 10 a point off and New York ] off
to down.
Weather influences are the only features
In the market. Today reports we're to the
effect that good growing weather prevailed
consequently the bulls who are looking for
damage are not in position to force prices
up All things considered the bulls should
have the better of the market Everything is
in their favor Manufacturers are getting
good prices aud are oversod the prospects,
are for moderate crop and prices should
be better TIE bears absolutely have no
reason for depression of prices and the only
drawback Is the absence Of outside spoculn
tion.
houston expects tomorrow $50 to 300 against
lag last year and 621 in 1896.
New Orleans expects $500 to $500 against
6sl last year and 1851 in 1896.
carsil Richardson say of today,s cotton
market:
The Liverpool cotton market showed fur
ther IMPROVEMENT again today. deliveries be-
ing advanced l30l-64d. spots Armer and 10. 600
sold This caused our markets to open some
what hrmer points higher than yesterdoy
put this was the best. the balance of the
session being extremely dull and at about
yesterday 3 last prices. the close being nm
changed. sentiment is unquestionablY more
bulllsh in cotton. opinions being based upon
tue favorable foreign advtCes. continued ac-
uNlty and Improvement in manufactured
goods, and the extreme low price of the fall
months. Undoubtedly anything under cents
for the fall months in New York (Which
means about "a cents for spots at the Gulf
ports In the falD discounts another crop
about equal to that Of this and last season.
and whlle indications TODAY are certainly ex-
uemey favorable for a large CROP we have
no hesitancy in saving that some time be
tween now and August I conditions will not
warrant crop of il,0000 900 bales. and when
that time comes. the market will advance
The weather man today showed some rains
in North and West Texas, hut over limited
only The balance Of the belt hot and dry.
New York. May 1s.-s. Mum. Son & Co.
say of cotton;
The market opened steady at points ad-
vance on satisfactory cables. hut eased off
under LIQUIDATION from lack of support to
last nights closing prlceE The close was
quiet but STEADY. The several holidays, both
here and at Liverpool occurring during the
balance of this month, are hodng traders
in check
Fine growing weather. such as has been
experienced during the mast month is alb
soutelv essential TO produce ANYTHING like
fun CROP
The report from the drv goods district
continues very hulish nnd conditions and cir
cumstances undoubtedly Favor the bull side.
We recommend purchases Of March on all
declines. as we look for very much larger
differences as the season advances.