The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-15
COTTON MARKET REVIEW.
Llverpool's Course Disappointed the
Bulls.
SPECULATIVE MARKETS WERE wEAk
Futures CLOSED ~ . sharp Decline In Al
Marksts-spets Were Easier
aud Lower.
Office OF The Post

Houston, wednesday, October IA.
Liverpool proved a disappointment this
morning. futures In that market, opening
with a lower tendency and closing 3-64dU
i-64d below yesterdays final figures. Spots
were unchanged, however. and sales OF H.
900 bales were recorded. The weakness
Of the speculative market abroad caused
an easier opening on this side. and a grad
ual recession Of values. Final figures at
New York were IL to l6 points of, while
the total loss at New Orleans was 10 TO
IA points.
There were no stimulating influences
whatever today. and though Now Orleans
recovered slightly from the ,cw point
reached during the forenoon. this was at
tributed mainly to the buying done by
those who had sold heavily early IN the
day. The heavy movement that has ham
pcred the market for several days shows
no falling off, and until there liz relief
from this source it Is Difficult. 10 ace how
much higher prices can lee brought about.
Many operators have good opinion OF cot
ton. however, and think tho short intercs,
now being formed may be forced TO cover
at any moment. and thus cause Il sharp
upward reaction.
At today's session New York futures
| opened easy at decline NJ 70 points
| December was quoted ut 7.N en- the first
call dropped TO IT'S by noon and closed
at 775I776, against 100 yesterday Jan
uary sold at los for the highest. ard closed
at 7sG. the lowest figure Of the day.
| In New Orleans. December opened at
T,iS. sold at 7Si early in The day. but
dropped to 7.45 by noon AMI closed at 7.39
a 40. against 153975i yesterday. isnu-
AIRY sold at 100 Just after the opening
but dropped to 7.t7 by the close.
| The American RnOt markets shO vol an
cnsier tone. and losses wore recorded at
several points Galveston. New York ard
Savannah lost l-l6c. wht'c Houston closed
at n decline OF hc.
Edwin II. Violet of New Orleans writes
as follows, I'VE hear from rellable
source that no reduction is likely to occur
| in foreign freights until after January l.
| This evidences itself in tho disparity he
tween November AMI December contracts.
they are now II points apart. which is
considerably in evc.ss OF a normal 6incr
| ence. The position now is one OF ar.nsl
weight OF spot cotton. and disturbed H.
nances against car'y'ng premium. and an
assumed value which may, or may not, he
realized; in Other words. We have facts
against theories. AMI substance against
shadow, in estimating values
New York. October 1.-THE cotton mar
points following unsa tsfactory cables. Al
| ter a partial rally there was a sharp
| break of to L. points on Increased spot
| offerings from the South at lower pr.ccs
and heavy receipts at the ports. Trad
ing was not active and fears of heavy
receipts IN the near future gave market
a weak undeItone. The close was easy al
the lowest point OF the day, decline
| OF IA to III points.
New York, October 1.-THE new demand
. 80, ne dry goods market was OF very mod
was some request Tor fancy prints of the
job variety of brown blcAched and col.
ored cot on, many more are going forward
on oii purchases, and of brown shcctiugs
particularly, snnnv more goods are solc
ahead than buyers think Tor. clothhr
oolens are In steady demand for mod
crate quantities. lriuting cloths In bet.
ter request al 1915, win sales OF about
400 pieces spot and November At that
price,
New York. october Hubbard Bros.
& cos cotton letter says; our market
closed weak through the lack OF spccula-
I've support and the resumption OF of
| ferugs from the so nth. The trade looks
for lower market abroad tomorrow, not
| withdrawing the lighter rcmi- weekly
movement our foreign adVices late THIS
| afternoon stated that III" decline WAC eN-
| pocted to go further unless the movement
| shows signs of falling OFF.