The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-29
COTTON MARKET REVIEW.
American Markets Are Awaiting
Liverpool's Opeainu.
THE HEAVY MOVEMENT CONTINUES
Coniissntsl spsassss Are sssA - Ne
hare Of ssoch, and WIN
nay Soon.
office Of The Post,

office Of The Post,
Houston. Saturday. December IS
The American cotton markets are In a
state OF suspense awaiting the opening Of
Liverpool Monday. The English market
has been closed since last Tuesday, and
II remains to 10 seen what effect the con-
ttnued heavy receipts ut United States
rorts will have upon foreign sptnners and
| the course OF prices.
| Cables from abroad today indicated
that continental splnners were bare Of
stockn II such Is the case II can hardly
be expected that they will stay out OF the
market much longer. especially as prices
are now lower than they have been at
any time during the season. Should
spinners begin buying heavily an i'm
provement In prices will be tho natural
result.
| Tho ports reported <o.4ss bale. today.
against 4o.5ia last year, and 1883 on the
corresponding date In 1892. This was a
| much heavier movement than generally
expected, Interior towns also received
quite n largo supply OF cotton today. At
! Houston the receipts were 7i,G. against
sl3s last year. and at Memphis 1894
against ls77.
| Tho large movement aud uncertainty
as 10 iiverpools fISture actions caused
| New Orleans futures to open at u decline
Of to points By II a, m, an, i'm,
provement set in, and the market closed
| steady to points higher than yesteI-
! day. March contracts sold at I "A for the
lowest and ,7@ highest showing gain
during tho day OF , points.
| ~ New York futures opened steady
with January 3 points ~, and other
months points Off. March sold down to
| 100 during tho aNSlon, but closed nj 1896
ay,inst 7a+-oS yesterday.
The spot markets We're much stcRGier
today and prices remained unchanged
New Orleans sold 2ioo bales. Momphis COO
and Houston 39l
Houston expcct- 5000 TO 5000 bales Mon
day. against 1854 on the same day last
year New Oreans estimate IL for a. 900,
possibly itluV, against 1851.
Glhcr, & co. OF New Orleans advised n.
Carglll at 1890 q. nj. New York wires.
as market iS largely liquidated, chances
are In favcr OF Improvement: rocelrta
| larger Than expected; continental Gable
says Fpinners are bare OF stock and VIII
be compelled 10 buy SOON
Clapp & Co, OF New York say In their
weekly market letter. dated December 20.
The United states crop of 1895 ia likely
Hbout 600 00l bales. Add II to what was
: left over IN the visible and Invisible sup
ply, and the consumptlve supply IL FUZZY
lUcOVDQ bales. Ncil estimates cousunp-
ton nj s,9eo, c0o bnles. This indicates 700
No bales may he carried ever August 81.
l@t, Should the 1886 nereage exceed all
previous years or equal $500 100 acres. as
the heals frtdict, 1t is quite possible "
would encourage spinners 20 continue
baying only on the hand-to mouth plan.
ana might ultimately cause lower prices
? In American markets crop futures still
command premium Of about points per
? month. This advantage OF the bears
, seems to be encouraging short selling and
! may Undermine bun market. Cotton
can not be bought from any other mar
kois and laid down here at prevailing
prices. Numerous snail holders In the
cotton states are not as aggressive bulls
as month ago. he bombay movement
J shows receipts $1,000 hates, against %. COG
! laHi "onr and since January !. So, O00
ls.Vn bales, against 200. Shipments since
January T. l,GNoW hales against sos o0
hales. The Indian crop IL not only large
but is heing marketed early. year ago
} 1t was the smallct crop ia five yeara
and low prices caused much OF that 10 be
he'd back. Their exporta usually equal
home congumuiiop Some OF our CORE
spondents predict early planting and re-
port more cotton held back than they had
supposed, that the picking has never been
more closely done or the quality of cotton
/
Fertilizer people are beginning to soil IN
| lures against their purchases. Growers
begin 10 write about dcins so. Sentiment
'seems to have changed and II ~ quit,
possible aggressive selling may ere long
prove TO be ss noticeable, for n time al
least, az has been the bull movement In
hueurated last March. The debt and ex-
pcnNe paving power of cotton sttll equals
30 rer cent advance as g1nin and most
products have declined. Values Just now
eeem to hinge more on the corning croI
/ than the one about marketed.
New York, December Is. Hubbard Bros
& Co.'s cotton letter; The improvement
In the market today from the depressed
feeling Of yesterday was due TO de
pressed disposition on the part of TN
local trade TO close part OF their trans
actions before the end OF the week, ant
IN anticipation Of n better market II
Liverpool than had been looked for yes
to-day 1t may be, however. that IN
inovemcnt WIZ be considered by Europ
as indicating a crop In excess OF the Low
crop estimates that have been current
This crop in sight January S,S'' i, Sli IN
decline In prices has been 10 sharp iron
the high point of last october thai IN
! trade Is disposed to regard present price
rs about the basis u prices for some TIM
TO come. At the c.oso Of business ther
was the appearance Of some effort her
} and In New Orleans to sustain the mar
ket Estimated receipts at Houston wer
5000 bales: nj New orleans 5000. an
al all the ports $1,000 to i2J,CoO bales. IN
feeling IN tile market is rather NOR
bullish for the next few days on IN
Idea that the liquidation han oceurre
, for tho moment. March cloaed %, las
=. year holiday.
New York, December zs.--T'he coitol
market opened lower under nh unexpect
,ediy full movement. but rallied sharpi'
on covering by shorts on fears Of bull
ish rcopenlng Of the English market
Monday. Operators are estimating mex
week's port receipts at lD,ool agains
2ie b0i last year, There has been yer.
. little speculation In. cotton owing to mis-
,,ivlngs regarding the financial OUTLOOK
The present situation ~ sun regarhe'
3 with dissa ii.faetlon, and eoniioutea
\ alent TodAy's Grmnesw grew chiefly on
of the fact that local traders have over