The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-25
INTHE COTTON MARKETS
Spots We're Again Without a Symptom Of
Life.
FUTURE MARKETS VERY LITTLE BETTER
A Net Loss of One to Two Points Tn
der the Close of Tuesday.
Some Reviews.

M Houston, Texas, May "a.
hc spot markets we're again quiet and
STEADY and unchanged
Tomorrow Houston expects to receive $50
to 200 bales. against 2i7 last year. New Or
leans expects 400 to 100.
New orleans futures we're quiet at the open
Ing, unchanged to point under yesterday;
ruled quiet and steady at the opening prices.
dropped point on the near aud the far
norths and remained stationary fer the new
crop. closing quiet and steady l &c 2 points
under last night
New York opened steady, UP for May. l
for the next three months. unchanged for
new crop and / off for next year; ruled dull
but steady. with reaction to last nights
figures except for the far positions. which
Continued at the decline dropped I to for
the near and new crop months aud closed
quiet and steady.
Cargill e. Richardson say; At the opening
our markets showed an Improvement of to
2 points. in sympathy with better Liverpool
market. the = D. m, call being fully ia-6id
higher on contracts. with all increased de-
mand. sales to splnners amounting to 1900
At the close, however, prices were about the
same as last night In the latter market. while
New Iorks opening prices We're the pest
the very start, The feature tUGay was Tho
mans report on cotton. wherein he gives the
indicated decrease in acreage ut per cent
as compared with last yeai Farm work has
shown rapid progress. with 81 per cent Of tue
crop already planted.
The weather map shows general rains in
the eastern portion of the belt. but Texas
got only scattered showers. There are many
Influences at work Oh both Sides OF the market
AT the moment. The bull are pinnng their
faith In good trade conditions ABROAD. sup
plpmeutCd theory
bears are contending tor another large crop
TO hold prices II check until something more
definite is known TO the contrary. New YORK
aud New Orleans closed ] o , lower. spots
unchanged,
New York, May As. Mum, Son u Co.
say OF cotton The opening was steady, un-
changed to points advance on slight i'm
provement in cables, eased off under light
selling on reports OF rain ia sections where
most needed rallied slightly, but closed bare
~ steady, unchanged to ! point net decline
for the day While bulls arc much encour-
aged by the continued good spot demand,
which is being freely met by tho trade. thc
recent rains in the cotton belt are accepted
as favorable to the bears. We expect a very
good Chronicle report Saturday and recon
mend sales of August above 30 Tor a quick
turn, and advise those contemplating entering
the market on the long side TO place tnolr
orders several points down.
New York Cotton,
New York, May 2i-rhe cotton market
q ened steady, with prices unchanged TO .
points higher, the Improvement being due to
favorable cables the feature OF which was the
eXeellont showing made by spot sales Soon
after the opening call. however, the market
took an easier turn owing to more favorable
weather in sections of the cotton belt which.
had long been In need OF moisture The mF
ket by noon had fallen back to yestIFsr4y's
closing prices, after which the losrF stua-
ton became listless and exceptionally unin-
teresting. No outside orders ~ consequence
reached the exchange. and .,$e local traders
were slow to decide whl,.r~ way to turn the
favorable cables .fran.~ Great pritasl being
ss sup. ~ 'contnual favorable accounts
from New England and the cotton goods dis
trcts. while, on the other hand. the Southern
spot markets showed less energy and the crop
acter'
me market was particularly pllssless IN the
afternoon. when the room contingent had the
session entirely 10 themselves and maintained
r. policy Of strict conservatism The market
.osed quiet and steady / - points net
lower