The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-09
in THE COTTON MARKET.
Liverpool Was Adversely Affected by
American Decline.
WEATHER CONDITIONS FAVORABLE
Scot Prices Were Reduced at All Mar
kets Except New York--liver-
pool of 3-32d.

The market for cotton at Liverpool was
affected adversely yesterday Ay the con
tlnued heavy crop movement, the weak
American markets. the excellent weather
conditions in tho belt and by the weak
ness In the Manchester cloth markets In
consequence Of this weakness at Manches-
ter the bulls and splnners are letting 90
OF their cotton. AS result of the de-
pressing conditions mentioned above, the
market for spots at Liverpool was put
down 8-32d, with the tone much easier
and business only moderate.
Prices for spot cotton in the American
markets continued weak, partly out OF
sympathy with the lower level Of the Liv-
erpool exchange and partly due to the
continued large movement sf tina crop to
market. Weather conditions are also a
factor In this tendency to weakness, the
rains in the South being considered as
very beneficial to the new crop. There
Is some sentiment. however, that the price
Is getting close to the bottom and the
wise ones are advising not to hold or
much longer. Receipts at American ports,
while not as heavy as for the past day
or two, still continue much in excess Of
last year, being 163 bales yesterday,
1853 for the corresponding day year
ago. Local receipts were 5l93. against 1907
for the day before and 504 for the same
day year ago. Spot sales at Houston
were SSs bales. while those at New Or
leans were 1900 bales, of which 1850 were
sold to arrive. At New Orleans the mar
ket for spots was called easy. with prices
lie lower, but even at tails there was
little or nothing doing and buyers were
holding out for further concessions or
from y IN 316 Locally the spot market
was officially called quiet. Y lower; at
Galveston, dull and 4 down, while at New
York It closed quiet and unchanged with
sales of 2045 bales.
Estimated receipts for today at Ncw
Orleans are 1000 TO 1900, against 1911 last
year and III the year before. and those
for Houston are $500 10 1000 bales com
pared with 6s6 year ago and 232 two
years ago.
Liverpool futures opened quiet 3 to
points lower in sympathy with the break
here on Tuesday. further declined on self
Ing by bulls and Manchester splnucrs and
remained weak all day and nuaUy closed
6tll, net to points below the previous
close.
Al New Orleans futures opened steady
a. the decline q . 70 points below the
previous close. firmed M somewhat during
the session and closed steady at / point
higher 70 3 points lower than Tuesday, the
former for the distant deliveries and the
latter for the near positions. July opencr
weak at 2sd7 27fl7 IS : to 5 points be
low the closing on Tuesday. rallied po,a.
or tSo almost Immediately, and then lost
ground steadily until the bottom, -. was
reach 4 about II o'clock. after which TIE
market moved slowly upward until near
the close, WHEN reaction resulted 10 a
loss Of s points from The top, the mar.
ket finally closing steady at 7s8. E pc uts
above the opening and points below the
hest for the session.
A New York July opened easy an 45
fei quickly TO 7.42, then rallied to 7 80
aholt 80 .. m. around watch point IT
hung for the balance Of the dav. closing
steady. points above the opening and )
points below the hes, price for the day.
net loss Of points compared vita Tues
day
The range Of prices for the active
months was as follows at New York and
Nn-y Orteana.