Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-11
WEEK OPENS WEAK IN COTTON.
LfvERPooL SHOWED ONLY MopER-
ATE sror BUSINESS.
Futures Lower There and the In
nuenee Of that Market Affected Our
EschanEes-Thcrc WINS n spurt. but
Prices Closed on several Points

" Mcteak n Co. Fort worth,
Tex, In their review Of the cotton mar
ket. say.
The week opens with no infusion OF
strength In the market. on the con-
trary Liverpool came in Monday with
only moderate business-sales OF
5000 bales at unchanged prices, Flu
t1res at the opening came in lower.
and at p m. were l-2 points below
saturdays close. AT sl5 one-haif point
was taken OF quotations. but at the
close this fraction was put back and the
last figures were only point below Sat
urday's closing.
Liverpool is hating and hesitating
apparently very reluctant to follow FUR
Their the flrmer feeling at New orleans
manifested at the close OF Saturdays
market, 1t is reported that this condi-
ton OF the market Ia Liverpool is SUI
perlnduced by pressure OF supplies
from the South at the lowest prices OF
the season. and the fact that MIR. Neill
is reported 10 have reaiiirmed his esti-
mate placing the crop at ten and one
quarter millions.
The most noticeable feature Of tho
Liverpool market ia the continued
small sales, giving, as Il does, an eyi-
denee OF caution on the part OF buyers
and rejecting a demand OF a hand to
mouth Character, barely sufficient to
maintain very moderate run OF sup
plies IN the hands OF spinners. when
1t Is considered that in the face OF this
moderate buying on the part OF spin
ners, free Offering OF actual cotton is
rather urgently pressed upon the at
tention OF buyers, Il Is not surprising
fhat prices at once reflect this condi-
tom. and a recession OF values Is the
result. The crop movement exhibits
nothing OF u noticeable character. The
run OF receipts promise an increase
over last week for the week 10 come.
II is thought~New orleans will this
week recover some OF the ground which
Il has lost the past few weeks and show
AN Increase In the totals. Tho news
today points to fuller movement from
Mississippi points, and Galveston, 1t is
expected. VIII be receiving some Of the
accumulation which has been held back
from that port from various causes.
In addition TO its current receipts
New York opened this morning with
very feeble decline In response to
the poor showing made by Liverpool.
Contracts opened 3 points below sat
urday's close. The market afterwards
huctuated within a very narrow compass
up 1 point and then losing tho gain.
giving the market for the day a very
dun and foaturelcss aspect, confined TO
room trading Of u very desnltory kind,
and very much us n the holiday sea-
son had already set in.
The increased attention which New
York buyers are now giving to the jan
uary option. Il IL thought, reflects do
sire 10 attract a larger movement Of
actual cotton to the New York market.
There Is nothing In the domestic sit
uatlon as regards supply and demand
10 inspire any bouyancy. while at the
same time the markets on this side are
displaying considerable stubbornness
and opposition to any further decline.
on the whole we would call the markets
professional in character. the general
trading public not appearing 10 offer
any aid to either side At the close q
more decided weakening predominated
and the closing range OF prices show u
d decline OF . to points for the day.
aud OF Z points below Saturdays close,
with the tone reported easy. Spot
sales In New York az bales, with the
market dun and easy ut 3-4c for mid
ding uplauds which IL the same as
the market left OF Saturday.
New Orleans opening showed about
the same decline on contract az New
York thus following the lead Of that
market. but later, this market dlaplay-
ed more weakness than New York,
Just as It showed more strength at tho
closing hour on Saturday. The figures
on contracts varied but little in the
earlier hours OF the session, at one time
advancing l point above the opening.
only 20 lose Il again and drop 10 }
points below the ilist prices OF the day.