The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-03-07
COTTON STILL EXCITED.
Wide and Rapid Fluctuations We're Seen
Yesterday.
FUTURES CLOSED SEVERAL POINTS LOWER
The Majority OF Traders Think the
Market Dangerous nnd Are
Advising Caution.
onics Of The Post.
Houston. Tulsday. March Q.

When cotton is trying TO touch 10 cents II
Is quite natural to SEQ violent fluctuations
This morning the market made new high
record after yesterdays sensational advance
prices being seven TO eight points higher
carly in the session. Later in the day de-
cided slump took place and at ono time May
in New York sold 30 points below the highest.
LIVERPOOL was excited on tho opcninE and
advanced spots I'D. while futures were IN
Sn6-64d. spot sales on The advance were
5000 bales. Final figures at Liverpool
showed only 2-sid advance on futures. AZ
compared with yesterdays close.
Now Orleans was not very enthusiastic dur
ing todsv's session. though opening at an ad-
vance. The highest sale was only 2 points
above Yesterdays close. and from this the
market sell back IS points CLOSING Is to 20
points lover than Yesterday
There was very little news bearing 90 the
market today statistics Of the moment were
not at all hullisb. including reeeipts at ports
and Interior towns that werc piore than dou
bic tho rocnrd for the same day last year.
Expected receipts at New Orleans and Hous-
ton tomorrow are also very heavy Houston
vill receive 1900 to 5000 bales as compared
with only 6i7 bales on the same day 10 1899
New orleans estimate OF 5000 to 5000 viii
comnara with $3.50 on the corrcspondine dato
Of year ago.
Adyices from New York ndicotca that trad.
ers there are decidedly AZ sea in regard to
tho outlook for the future Private ts,egrams
statcd that the situation. while interesting
was very uncertain Hesitation seems to bo
the order If tn dov md as wide changes arc
likely to be- seen for some time TO come only
the bravost and best fortified Spectators arc
entering tho market
4 teiesram from ne Gumsons to Cargill &
Richardson said ''Bying and selling will
probably continue or an extensive scale with
the outcome hard to forecast More conserya
tive firms arc by no means ycrv bulrsh II
viii take some time to determine lust what
ihe market les going to do
Falrchid & Hobson wired from New Or
leans; Ono Of our leading SPOT dealers Says
thro is some hesitation in the spot market
that BUYERS are beginning 10 look at tina,
price"
That orlco is indeed enough to cause the
SINNERS to pause before purchasing more
than his immediate requirements. but those
holding the small amount Of cotton now lott
IN this country declare that they viii raise
their limits each month. aud lnsist that the
Increasing SCARCITY viii Justify thcm in taking
such action.
Price. Mccormick & Co. If New York. who
hayo taken IN bear side %, the market again.
sent this te,orram during tho day. .out
liyerpool cable s'ys that Tho market there is
barely steady at the advance spinnors'
brokers' nave bought heavily. The market
opened better but will need fresh stimulus
10 maintain the Improvement"
The high and low record in New York to-
day was follows:
~ oGe9inE lIishest. Lowest
May ''t'..'.s-.......+ ~ 6a-t6 A.GS 9 IS
august ..,.t.-.,..,,. - 500 g.5S . 30
In New urleanB
MAY -'...,....,-,."o 5G.51 9.57 ISL
carRil < Richardson say OF todays mar
kets We had ali sorts Of markets today
LiVernool started the ban nv sending rs
good 9d@uc,, part Of witch was lost before
the close nnal ngure7 being about a-6iths
higher on contracts. h on snots with .afps
Of 1000 IN Now York npcning prices rnngcd
ABOUT Z 70 higher. tho market holding steady
uuruE the forenoon after which M re wan
S9nSiaerable selling. which broke prices some
~ points from the top. when shorts came in
10 cover. advancing the market about 10
FONTS IRON tho lowest The foreign SIMMER
SHOWS DISPOSITION to hesitate In his do.
mand Tor auot cottop, aud there being "A
CONSIDERABLE accumulation OF spots by OK
po,tels ler some time past. brought selling
tou'.E 10 hedee' causing the break Receipts
continue liberal. and II splnners withdraw
from the market which Is the principal sun
hor- prices viii probably decline further
IoAiy !lttle break. however has no doubt
rio tho market of an Objectionable long IN |
terest and on any further break the market
VIII probably do to buy for trn Snota
whore. ''''-
Especial TO Thu post)