The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-17
COTTON MARKET REVIEW.
The Usual Holiday Dullncss Already
Noticeable.
LESS DEMAND FOR SPOT COTTON.
Speculation Dormant In All Markets.
American Futures Closed Several
Points Lower Cotton Poiu,s.
ofnce Of Tho Post.


Office of Tho Post.
Houston, Monday, December rs.
The usual holiday dullness Is having its
effect upon tho cotton markets. and no
grea; Improvement is expected until after
appointment, futures thcie 81 9sing ,.ai l-6id
lower than saturday Tho demand for
not cotton throughout the South was also
reported below expectations, and this b d
tendency TO depress tho already DIN
ana dragging markets at New York and
New Orleans.
The decrease In spot sales al Liverpool
today IL not generally expected to con.
| unue. Or az least the bulls predict that II
VIII not. The takings by Manchester and
continental spinncis were a favorable
feature Of the market last week, ana on
set TO considerable extent tho lack OF
speculation. Unless this influence ~ felt
during the remainder of December there
WIZ be very few interests 10 give tho
market steady tone, and naturally the
depression win be quite marked.
Sew YORK futures OPENED quiet and firm
10 points up, but soon broke under
the lack of sustaining influence. At noon
quotations were points OF, and the mar
het closed quiet and steady, points lower
than saturday.
New Orleans futures opened barely
on the second call prices were points
down, aud the market closed quiet and
STEADY ss,,o.y. 70 POINTS below saturdays QUO,
during the forenoon, but closed NJ S.l6-l7,
against s.2i-2a saturday,
srnt siles az liy2fpoooi were 10000 bales
markets We're generally quiet aud un-
changed, with little business reported
though New Orleans sold 5000 bales
lTice, Mccormick * Co.. OF New York
say IN their last letter;
Southern holders continue their policy
Of demanding for their cotton q proc
sh9htly IN excess of that at which sales
could be erected, and their attitude IN
THIS respect would indicate that they are
IA position to dictate thor own terms
10 cohsumers The situation, So far az
outside speculation is concerned has not
idtterY undergone any appreciahle change
Toy the better. In fnct. speculation IN all
departments Is a the moment almost nil.
and viii IN all probability remain dormant
az least until after the HOLIDAYS, by that
time another question VIII confront tho
trade. 80 far as the value of cotton is con-
eerncd. and that IL the preparations max
lnb Tor next seasons planting. As II Ia
reasonable 10 expect that the higher Level
OF values as compared with those ruling
year ago win tend TO Il duco panters to
increase their cotton acreage. no material
advance Is likely after tho Hrsi OF the
year. Meantime The market viii he gov
crned by the consumptlve demand which
AT present seems sufficient TO sustain the
market"
The weekly market letter OF Ciapp &
Co, dated New York, December e. con.
planting Is being arranged for on a large
scale, and that II VIII begin late IN jan
nary In Texas ana about March In Flor
ida; IN Alabama, Mississippi Georgia and
Loui'apl a about February and March and
IN the more northern belt ia March and
Amil and end before Mag /. ls96. ana "a
on much larger acreage That many
pnnters have corn and hogs enough cn
hand uninorigaWcd TO carry them along
while they plant every acre they can
possibly otherwise cure for. That the use
of Fertilizer viii exceed all past years, as
greAt arrangements ARE being made on
an sides; The bulls claim Texas Is mar,
keting low dogtail' which only brings
a cent pound. That II is poor aud from
the so-caIled top crop. THAT the top crop
promises to be the least In many years
owing to irost In early autumn ana thel
drouth. That growers have marketed more
closely than usual ana the quality IL fully
10 per cent better than usual and never
cleaner. and of n higher standard. That
only cotton IN second handa Will appear
at ports and other central points This
g.1u ~; re VOID Visible supply ~ now
Si0hml nnics, against -, sSi haleG u year
aEo, and appears 20 be Increasing worry
Slowly ,;akalnst q much fastT Increase IN |
sleht to December was 3S60.GO0 bales |
American and European spinncrs are re-
porteI more liberal buyers. November /, !
1874. fully halt the crop had come TO gight |
lhik seasons receipts prior to December
J wee 56.9 so bales. stock of registered
cotton ~ New York 10 HOSES bales about
~ cN bales being nearly three years old. |
Old cotton like old wine grows better
with aye. though IL loses IN weight. EN |
ports 10 December were $40, go halcs less
than laAt scaron at same lime, aud 70h /
600 Less than Ia 1891 II In reported the
South have 800 spinning mills built aud
projected That VIII Keep four million gpin- !
dies busy before December a. 1890, against /
.o2 81 IN 1850 and iSl 800 In 1851 The rhron- |
.ele reports each spindlcs consumption
twenty-five years ago az nbout 10 pounds Z
and at The present time about 1863 1-SI
pounds. Consumption for the season of
~ 40 was io. lo6 25l pounds, against 81.
Gl0 $50 pounda IN lM9-sD On TINT basis of
Increase u ~ possible the South can care
for ohc-hlih the cotton grown some year
within tho present century, while the |
and E.urors get bat little of American /
cotton provided protection coull be given
the ilauinr Tho Decriu',cr 10 government /
r.pprt points 20 cror ~ tG3 Der cent or !
that given out lgat May. or 6,375. 600 hale3
Of 30 pounds zach, and hat n further re-
port viii be- issued IN February. 1896. Re
ports arc almost uniformly ulfaYorahiei
as 10 qn&uiltS lint clean and quality high. |
Many reports show crup completely gath
are YeltlnE bare OF HurpleH ana buying |
moro freely Their speculative friends
show more confidence in Valucs The hear
interest is doubtless Ll ger than since Dc-
tchcV hot Tho aggressive bull spcculs-l
tive Interest rmarHting from tho cotton /
belt has liquidatHd quite freely. Present
buyers seem 10 be more conservative, but |
equally positive ten cent cotton VIII be
the railing plicc before much cotton has
been plhNtri Tor IN" coming crop
Now York. December 1.-THE advance
OF 2 to , points in cotton This morning
WAS due 10 the satisfactory character OF
The English adycea, public ana private,
Later, however. Indications Of free re-
cei pta al the ports stopped the bnying |
and the market Immediately turned weak
and continued 50, with slight reactions.
for the rest Of he session, The weak
ness was partially explained by selling
4 a. NlTHlnlan |
failed Saturday and who was said 10 be
long s1,0g bales. The market WAS narrow
and embarrassing ana closed steady at n
net decline OF 10 7 points.
New York. December B.--Hubbhrd
Bros. e. CO.'S cotton letter: Liverpooi
opened with a fair business doing In spot
year l-l6d Manchester quoted yarns
quiet and frm, closed dun. Our market
opened with sales u March at AZ, CLOSED
90 ..Naa H1.aH IL I