The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-05
COTTON MARKET REVIEW.
Another Decline In Foreign and HOME
Markets. ~
uNFAvORABLE FINANCIAL SITUATION
Ia said 10 Have Caused the weakness o.
New York aud Nsy Orleans.
kovIews.
Once Of The Post ,
Houston, Saturday, january 1

Once Of The Post.
Houston, Saturday. January 4.
The enthusiasm at Liverpool seems tu
have received sudden chill. Futures
there dropped back again today. closing al
q decline Of ihq2-6Ad. spots declined
l. Sad. but spot sales we're 1o.ouo bales. Tn,
spot demand at Liverpool has been very
good for several days, ard today's sales
were especially large for Saturday mar
ket.
While port receipts were very large---2S
062. against a307l last year and al.35i the
year before-the most depressing influence
just at pressn se ems to be the political
troubles In Europe and Africa. The Amer
i>an fnancinl situation Ii also causing
some un.ssiness among spectators on
this side. and accounts to certain extent
for the lack OF speculative interest
New Y,tk futures opened steady, about
points of. and closed quiet and steady,
to points lower then yesterday. March
contracts sold at 500 On the opening eau
hut iroppei to 500 during the session.
The closing was at S.oa-o5.
New Orleans futures opened quiet and
steady. 2 to points on. and closed at
decline of . to points. March contracts.
which opened at 1896, sold down To 7S
and closed at 1925 against 79s the day
before.
The American spo, markets were quiet
and easy. Houston, New Orleans. Mem
rhls and Savannah lowered quotations
1-l6c To correspond with the recent declines
In the future markets.
At the close of the year the Galveston
Harrisburg and San Antonio rulro2d re-
ported i2Cl bales OF cotton on plaNorms
and s3i5 at towns on their road. making
the total stock In sight 1905 II Is es"
timated that there are yet 9so2 bales In the
country near their lines, which vain re-
celpts OF 1869 bales TO date, makes their
estimated total S,aT7. THIS Is 50 per cent
short of last year. Al the ncgianag OF
the year the Houston and Texas Central
had G26 bales on platforms ana 'lZe In
towns, with estimate OF 3l,SW yet IN the
country This makes total NJ I1,o5s
bales which added 10 2S5,i9s already re-
ceved, gives tho CentraFs total es-
| timated receipts for the season eofoei
| bales, or ~ per cent less thah last year.
--
Clapp Co. Of New York give the fol-
| lowing statistics and comparisons In their
| last market letter. In 1928 the crop was
! 6G92. $40 bales. ~ per cent OF II came In
| sight after January |. In 1So-n the crop
| was h652.6M bales, and 20 per cent came
| in sight after this date; In 1894, from Il
crop of 99bl,000 only about 81 per cent
came In sight after this date. and for an
average OF ten years past only about T.6i
per cent has come In sight the last eight
months of each crop year. These averages
| Indicate possible receipts the balance OF
this crop year may DO 100000 bales to
900 bales. The amount IN sight 10
date equals about in7b.Mo bales; add the
| minimum percentage yet TO come In sight
and this crop win likely he 6,675 900 bales
if the maximum 1t win likely be about
7.475. 0G0 bales. During the past decade
the smallest movement In January wa'
453 esb bales in 1854, and the largest l0Ul'si'
ton coming in sight was G62 5tA bales from
crow NJ sh13 ga bplcs or 10 II per con-
Of the CROP In January, 1893 only 5eS
75s bales came in sight. or only Sai pc,
cent Should this January show 700, 90
came In sight, we think lower prices ar,