The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-23
REVIEW OF corroN
what Price. Mccormick Il Co. Think o
The Situatio,

what Price, Mccormick u Co. Think Of
The Situation
new YORK, December i9.-In our weekly
tol'oh market review of two weeks aro
we referred 10 the nice adjustment OF the
balance between supply and demand tina,
we seemed 10 he reaching in the cotton
trade. Recognition of this fact induced
an advance OF nearly half a cent n
rouhu lit The price OF cotton In LiveIpool.
| Where spinncrs recognizing existing con-
uiuohs' seemed disposed TO Increase their
supplies. The American market did not
aVNanes SO much, and the result was a
nnnns,"' inurTaso IN the movement for ex-
~ ithih The past .ew days, how ever,
"a. nicely adjusted balance referred 10
~ ~. ms 10 nave swung In the other direction
re causes WORKING to bring about this
mI{d peilg ~ the trst place some slack
tue second place 10 the feeling of dIstrusl
anu nctrtalnty eDccndorcd by thu, mes
Sase OF President Cleveland and the yigor-
ous action OF congress In regard to the
' cne]heIan controversy. This feeling has
touay spread to the cotton exchange. ef-
itcSihG quite decline in prices there
az" ,,it until inc issuc OF international COM
piicauons now existing shall be determined
A. seoIas altogether unlikely that ii Will be
possible 10 reNiVify speculation In cotton
or 10 induce consumers to anticipate their
.hbasements by any further increase in
the stocks OF cotton \ war between
Great Britain and the United States seems
nh.ikeIy, II not economically impossible :,
blt many conceive that Inc situation H. a
grave one and the next few months Ullety
TO be irdught with Influences that will be
WY disturbing in their eject. What The
ciioct of war, shodld such drplOrn bIo
eNentuality rise, would be upon the cotton
market, II Is hard to say. tnqucstt1nghiy
us hrst enecs WoulG be to greatly Ctlre-
eiiie TIC value OF al american products,
cotton included and though, LATER en- It
mght result in a resurrection Of the pro-
auction that would give us higher prices
Apart IRON political influences the stu
alton does not show much change. The
most important feature, stutisticllly, in
connection with II. IS the continued vol
uine of the Bombay movement Receipts
OF East India Gotten at the port of Bonn
pay Tor the week ending today are Ct 600
bales, Against 220W last year This Is an
increase OF nearly loo per cent This in
crease has nearly all come into sight with
IN the past few weeks. India IL an an
tinodcau country, their summer is our
winter, and tho cotton from there docs
not commence TO be actively marketed
ratio Of incroas. Is continued. it VIII
doubtless heye its eject upon the wor'3
supply and materially decrease the short
ago resulting from reduction Of the Ameri-
confidently counted. Looking at the sltu-
alton broadly, We can sec nothing to on
courage purchase re- OF cotton fot an adj
vance at tho moment. Rallies Of course
are expected. but with tho United states
treasury g0'i reserve down to n point
that makes a bond isane only a matter of
a fcv wecNs AID foreign capitalists In
disposed 10y the Presidents bcllcose mes
sage toward further investments in Amcri-
can securities governmental or other
wire, the vomncr. ial situation docs not
look promising white IN addition 20 this
we are rapidly approaching the season
fer planting the ncNt crop win every aI-
parent influence faVornc the expectation
of large Increase I'm acreage.
4'ricc, Mccormick * Co.