The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-02
COTTON MARKET REVIEW.
A Very Noticeable Lack Of Demand
for Futures.
THE MILLS COMPLAIN OF TRADE,
Futures only . Point or 10 Lower ~
New York and New Orleans.
spots Quiet,
office OF The Post,
wcdpnadny Apri1 4

demand. Thcro seemed 10 ne no buyihS
power and tho lifelessncss OF the market
WAS moro apparent than for several weeks
past. Not a bale was sold on the first
call at Now orleans. and tho total sales
of futures for the day were 1Sioo. The
demand at New York was slightly letter
than In the Southern market. though
sales only reached 10000 bales. Liverpool
futures closed barely steady 1G2-6id low
err than yesterday. Spot prices In the
foreign market remained at yesterdays
advance, however and sales were 1000
bales. This increase In the spot business
at I,iverpoo, was considered an encourage
INK feature, sales heretofore having hung
around 5000 bales daily.
While prices declined slightly on this
side. due to the slack trading. there was
evidently no pressure to sell at the lower
prices. Whether it viii be possible to adj
vance or even maintain present prices
while tho general condition Of trade is
so unfavorobie, Is II mooted question. The
mills claim that there is little inclination
amongst buyers TO effect further large
purchases of dry goods excepting AT
prices which manufacturers are not dis
posed to entertain. These complaints are
prevalent both at home and abroad. Very
few mills are curtailing production, how
ever. and the bulls say that as long as
nineteen twentioths of The manufacturers
ara sun buying COTTON there is every rea-
son Tor the holder or the raw staple to
demand better prices.
New York fueures. opened steady TO
points up. lost this advance by the
second call and closed to points lower
than yesterday May opened ri Z ~, drop
ped 10 f,oS aud closed al I.6i-G5. against
Tho session. hut advanced "a L-G7
Oh the closing call.
New Orleans futures opened dun with
very little chause from yesterdays fig
ures- a downward tendency coon became
apparent, and the closing was to 3
points lower than yesterday, May sold
AZ i@5 for the highest and 7.Gi lowest.
The spot markets were generally quiet
and steady at unchanged figures. though
New York closed l-l6e lower
prominent New York firm who gem
orally take "a bearsh view of the market,
write MS follows: 1.-The outlook can hard
Iy be called favorable to tho bulls, and
tina, prices for cotton for futur delivery
have been maintained so well Is due al
most entirely to the covering OF short
contracts oui of fear of possible manpnla-
ton by tn. prominent operator whose re-
uent prediction OF Si2c Tor August cotton
was IL pleasing though unnsitofy sensn-
ton FOR Southern holders OF the stape,
hut this operator has been among this
sellers on every bulge during the past
" eek and tho house mat has now assam
ed the role Of bull leader lacks the pres
tige and the following to make it's posi-
ton formidable to The bears, ono thing
seems certain: Spinne-s In the face OF The
prospect oil record breaking crop next
inl arc not going 10 buy at present prices.
or to co.'s uuc bale beyond their abao-
lutte requirements. ana We fear that rs
themselves compelled TO make concos-
sions We shall probably have lively fluc-
tlatlons until We hear mofe about the
outlook for the now crop, but upon every
Dds ance We would rather sell cotton than
buy IL.
llestcr's New Orleans cotton exchange
statement issued today covers the MONTH
iY movement o the close of March. Com
pared with last ycar IL shows a loss for
The north in round figures OF ~ 900 bales.
compared with The year before last,
gain Of iS,oO9 bales ana win 1879 gain of
60j. against 6osol5 last year, 300 43 the
year before last and 90. 7G9 in 1893
rhe decrease n The amount of tho crop
from orss epembe tl 10 N Mar"h Sf neai~ o' l.
:. 200 under last year 1894 under the
year before last, while an excess In shown
of 31I1O. over 1893.
The movement from the first of Sep
Z onber 10 the close of March. includes
total receipts Mt all United States delivery
ports OF l,isGs6S against 1851 .gol last year.
g. $4,000 the year before and A.53S.3 $40 same
time in 1895
Net overland movement by railroads
across tho Mississippi. OHIO and Potomac
riyors 1856. against 57i.5.3 las, year, 49,
TN year before last and 75To3 same time
In 1888.
Southern mill tnklngs. exclusive Of
consumed III Southern outports.
& $50, s;l against 6G9G6 last year, 535 615
year before and 5lo,i52 same time In 1893:
aud interior stocks In excess of those held
at the commencement of the season 254.-
.S7, against 352,ss last yenr. 1879 year
before and 255,9oa same time IN 1888.
Tsese make the total amount of the cot
seven months ending close OF March g.
Az .oo7 against 9,9l4sg1 last year. $685. |
year before last and GNO,l los same time in
1888.
lo5 $50 bales against 1865 last St year and
"A to@ The, year before increasing their to. |
against l,9fi. SEQ last year and 1,2i3, 622 The |
year before. This makes their average
weekly takinEs FOR the season fG,6l6 |
against G4lis last year and Al .063 tho year |
before.
'orelgn exports for the first seven |
months OF the season have been 37i5,959
son Of l,s9s. iN and decrease under the
same period year before hast of~iCi, $40.
There has been loss In foreign exports |
year OF 36s,ais and "A gain for the same
period year before last of 9sG75. Including |
ports and interior towns left over from
lIs PREVIOUS ethNoH ajiu TIE hummer uI
bales for tho current crop brought into
sight during the seven months the sup
ply has been 6,7375Gl against 9.4D,957 last |
year and 7,22s9W the year before.
New York, April 1.--Iubbnrd e Co.'S |
cotton letter says: The situation continues
~ mixer ever with a general DISPOSE
lion on tho part OF the traders not To
sntcr into fresh .ecngagemepts before the
Easter holidays. This temper OF the mar
ket reduces the trading to small proper
lions and tho drain OF tho. morning simply
represents the closing OF open accounts
usual under such circumstances. Our
market closed quiet and steady>at an I'M
from the lowest prices touched |
IN realizing sales. The temper Of the mar.
iol withstanding the liquidation OF the To-
al long interest the trade absolutely re-
y better market is therefore looked for
tomorrow.
New York. April 1.-The cotton marke.
opened at an advance of lM3 points on the
Increase In Liverpool sales to 10000 bales.
out the market immediately turned easier
he session WAS OF n holiday character.