The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-24
COTTON MARKET REVIEW.
A Steadier Feeling Shown at New
York and New Orleans.
ADVANCED SEVERAL POINTS
Some symptoms OF Decentralization stili
seen--Fears That the Recovery
Ia Not Permanent.
Houston. Monday. December -.
otncc of Tho Post.

tuatiun. Tho stoadisr feeling was caused
by the unexpected good opening at 1.iv-
crpool. and the better tone OF the stock
markets.
While Wall stree, seems TO have re-
covered from the panic OF Friday and
saturday. the symptoms of decentralization
have not yet been thrown on. Today's
Improvement was indeed wonderful one,
considering the excitement of the past
few days. Many fear that II came
little too soon, and does not represent
the true feeling When a nauon's TIM
ances have suffered to the extent expert.
cnccd last week, It is hardly natural Ion
prices on cotton and other staples to begin
an INN odiate advance,
The bulls contend. however. that the
shorts are taking advantage OF the decline
and buying freely, which OF itscit is sutii.
eient TO give cotton "a steadier tone. rney
also claim that Southern holders have
recovered from their fright amt ar, not
overwhelming the market with orrcrlnge
now. The coed demand at Liverpool tor
both spots and futures Is considered an
other fayorahlc feature
on the other hand. the bcars say tina,
the desire to unload has not yet reached
| its limit, and that tho shrinkago IN values
In the stodk market has been too cnor-
nous to insure a permanent recovery IN
n less time than three months. The rally
today liz considered merely temporary
| one. and doesn't express any permanent
| return of courdonce. according TO these
bruins. They also say that the i've day s.
OF holiday at Liverpool beginning
Wednesday. will icavc The American mar
kcts IN state OF uncertainty. which Will
OF itself have tendency TO lower prices.
| Liverpool futures opened steady, about
l-6id mp. With a good demand reported.
| At y. m. quotations had advanced an
other point, but soon after thts II rapid
decline set in. Tho fbrcigu market closed
barely steady, lisu -GinS-6id lower than
| Saturday.
A. New York futures opened quiet ana
| hrm, with March and May 3 points up.
| Prices soon took n downward turn how
ever. March sold at 3M during the tore
p99n, or i Hson, R9inls love- l 5aG sol-
anoi her rally was cNpc ricnced, and the
| market clofed steady at net gain OF q
points March selling at %, against
| 7MH7 9S Saturday.
Now Orleans futures were up 60 y
| points hut by II o'clock all this gain mad
been lost, and prices were OF nhout
lpolutN Their followed rally similar
| 10 the one experienced az New York New
| orleans closed steady, To 10 points high'
| or than Saturday.
The spot markets. were generally quiet
aud unchanged, though New orleans ana
Savannah were i-l6c OF Liverpool re-
| pOr,,d firmDr tone with sales amount
| ing 10 1900 bales the lnrgcst thcro IN
| sorno days Houston and Galveston .loscI
| easy and New York quiet Now orleans
sold $3.50 bales aud New York SiiN
The following from Ciapp & cos, last
| New York letter gives some interesting
/ facts as to the statistical position Of cot
1 ton IN lHN2 0a3i,th bales came IN Hght
I the first four months OF the crop year
M, rrior Ia Tepuar, 4. mr. "A I'd nor cont
/ '' Wv" w '''' - w - ~
| OF tue chop Wilch rq"ileh n''-..di h"I"9'
| In 1855, $3.50 230 bales came IN sight the
6rst four months ar Ua3 NOR cont Of
~ 100
! va" crop az 'n.V'~lo uhlea IN lsep' Hl"'-
| ~ hnlcs cBIuc IN sight the first four
/ months or s. rs p.- cent of m. ..ron Of
/ Ete hfS huioa In t,an g,t IN hai,. ,t,,,e
| ia .t,,ht az ~ ii No. Gt,; az a. r,,,,' ~
/ & 7ai XII beias ror those fo,u' mars t,e
/ movement into sigh fhe 0,.at ,nonfh. ~
! ,ac, cron vcsr .vcr,,,,,d I, ql, "a holc,
/ on 7sS Der cont. from Tho aVeta,o cTop
/ u,nirh v5ss Il "a nii I,its a,l,ts sons','
/ therc have cnn,c In siyht 20 pec@n,heI
| ID asa w males, bna4d On nveroqes mere
n,ntars boIJ Lac,' 80 ",' "NNn 80,
! ntn,t, y Az, M hsicg tu1icnttrf. , ,,,,'r ~ :
| aho,It 1 ,no 0on haiss .rho wn'l1's yfsihlr
/ vcs, az vbi,l Ia iGo nolrs corn hp,cytt
rar againgt iH76 "a, hnIes t.st vo,,
I North@,n sni,ners b,,e ,,u'n ,. IN,
/ ,,aica sg',inst og9 7oi q, ,o,r 400 ea,,th
/ ern sYi,n"rs hnyo ,ai,on qen IA h,ics
/ aalainsf hi i.o vear nro ENuoricrs
] ~, 80 La 10 So, co,,"n a, iju.rnoot
| ranees higher ,han futures jIer" ali Cd
n,y d,si,,c S ,vriter. n, e,;,
| In niany sections have organized 10 with
| hold the usual cotton movement IN horos
OF oausinI n,khot pflE,h, S9ino o. our
demand for fortillsors for 1876 ihan Tor
mauy years IN December. that the acre.
age. VIII be lager thap ever, aud thet a
n,,rch,sdp 9 ram ' nia,,ic,. ~ ef[ociin saIss
| FOR October and November. 1896, delivery
I az current prices which are about 3l 20
| 80 points below May delivery. TINS
| feature Is pointed out as encouraging for
| epinncrs 10 only buy from hand to mouth,
| and that they must certainly have larger
I stocks on hand than has been estimated.
I French and English buyers In The cotton
! belt have generally returned. Receipts
| of cotton al thirteen Southern ports for
] sleven mouths ending November 80 were
I 4 sal 7Og bales against 2gi fda bnlcs zane
/ ,itnc Ia 1Sai and 300 $50 bnlos I'm 1sp3
/ The hears saw Tho visible can be easily
! r.Gurod nnc-Lnlf nv Sentenfl,er 1 lHNi
! ,ro,.taad 10 ncro.see exceeds TINT az
! teoi a, ~, sss,,s ,rnl,abic and vct
49, az, ~" ~, AI,ti, . ol,t,s ,,.
]