The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-28
COTTON MARKET REVIEW.
Slight Improvement on Expectation
Of Higher Rece ipts.
ALL THE SPOT MARKETS UNCHANGED.
Fu'ursa In New York and New Orleans
Close Higher Violet Predicts tho
Eight Million Estimates.
Office of The Post,

There was a lrtter feeling In the mar
kct. the undcrtonc being braced up by the
outlook for lighter receipts tomorrow. The
heavy receipts have had a depressing ef-
feet. aud much Improvement can not be
expected until there Is u Stacking up In
the movement. There was no very great
desire 20 speculate. On the advance CON
siderable dong cotton was brought out.
The American spot markets closed tn
changed. with Liverpool off l-l6d Liver
pool futures closed al about yesterdays
last prices. Futures in New orleans and
New York opened at a decline. but rocov-
cred and advanced I points on the noon
call. The closing prices ranged from 4
TO points higher than yesterday.
Atwood Niolett & Co. OF New York. In
their latcS, circular say:
We referred IN ours OF the 9th instant
TO the greater Significance that should he
given to the Inferior movement than az
the ports. Because OF SO large a portion
of receipts at the latter being through
cotton or already sold before arriving at
a port. L nrdns, in our opinion. that IN
fhe man, i IL cotton that Is no longer
weight IN this country. but the contrary.
We see this week an increase OF interior
stocks + nee last Friday OF $1,000, whereas
TINS week last Nht the same points In
creased over the prey tous week ~ .pN hnlcs.
further corrohorauug the greater impor.
rance OF watching the initial cities and
towns rather than the exporting points al
which cotton appears after 1t has hren
SOIL. except the small percentage that
to he sold at the ports, When the interior
begins to show more largely what is now
beng seen, the ports VIII soon feel tlr
effects. In diminished movement Then,
with no accumulations Mt the Interior and
a good spot demand, as We are Likely TO
have. a speculative and Legitimate adj
vance should and probably will come. and
might be permanent. excluding the reac-
toms from profit taking that always occur
ON bun markets
To us the Indications appear for con
hrmation, in the near future, OF AON,hN
crop estimates. unlcss present gns should
prove deceptive. Judging by the slight
Increase In the visible supply Of American
IN Europe since August ~ last. notwiih-
AZ II bc seen hollow. this iNcrease In the
abroad While most OF It has gone to
spinncrs II becomes invisible as soon as
It leaves its destination on the other side
for the mills "a It Is very Largely TO MI
intnedlate wants. on account of the lisht
mill stocks among European spnu"ts,
and therefore does not enable them TO &c
cumulatc a reserve.
New York. October 27.-Wnhout any
mans from tho more importan, markets
of the country. there was considerable
business done Printing cloths firm at
rs with sales cf 5000 pieces spot and
next week.
New York. October 2.-iIuhbard Eros.
4 Co.'S cotton letter says. Reports from
New orleans indicating lighter gerii-
weeldy movement than ante plted. to-
e,thvr with renorts to us from the largest
cool and cloudy weather prevailed, which
lie very nnfavorahie condition far tho
prospec's OF Top cr9pi haH the eject OF
ter underiore.
New York. October 27.--Hoavy por, re-