The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-28
COTTON MARKET REVIEW,
The Same OLD Dullness and In
activity.
BACK INTO THE STUPID RUT AGAIN
Nothing Happened 10 Stimulate tho
Market Futures Lower NJ Home
and AbroAd-spot Prices.
Office OF The Post.
Houston, Monday, January ~.

Ofncc OF The Post.
Houston. Monday, January ~.
The market is now back In the old slow
and stupid rut. The recent stimulating
factors seem TO have lost their effect ate.
very short trial. proving tina. the bun
tcnic administered last week was hardy
strong enough, A rev Infusion OF strength
is needed. While there was really nothing
OF a promising feature In the situation
today. stu there did not seem 10 be niicn
inclination among the operators to scll
short again. There was no moro hcarish
activity than bullish enthusiasm. although
some disposition to hammer the far month";
developed early In tho session.
The cable adviccs were generally easict
and Liverpool futures closed at n decline
or Ltd Spots were unchanged IN the
foreign market. however, and safes
amounted to 1900 bales. Thie good spot
demand was somewhat OF an encouraging
feature, especially as the sales were made
ut the recent advance. II shows that the
consumer Ia giving some attention 10 the
market now. and should It be followed
by similar speculative demand there
would be very little difficulty IN maintain
ing better prices. hut tho activity IN spec
ulation has been made prominent by ats
Bbscnce for many weeks.
Tho American spot markets, though
quiet and easy remain ut last weeks nd
vance, with the exception of New York.
which closed dun and l-l6c lower. spot
sales were light In all the Southern mar
kcts.
New York futures opened quiet, to
points on This decline continued through
out the session. with very little OF real
itlnr nature. and the market closed to
points lower than Saturday March con-
ttuc,s sold at sol early In The session and
closed at 1861
New orleans futures opeued s'eady,
to points on. and hy noon The decline
had reacted 10 z POINTS. Just before the
rluEc The balls managed to give January
and February Il slight lifi. January closed
points and February points lower thar
Saturday. Other months were point
below Saturdays quotations.
Clapp & co. Of New York say III ,hcli
last market letter. "Our Iexns CORE
spoudenis report the weather splendid fui
farming operations. and they look for n 81
| per cent Increase in acreage. South car
| oliuu cotton merchants predict 20 pei
| cent Increase; Georgia and Louisiana PEG
| pie sny 1t In quite possible the ncrcn.t
viii Increase Ii to 20 pei cont II is re
| norted the use of home made fertilizer
will be larger than ever. That the sale 81
| phosphate and manufactured fcrulizcr
| and mules was never larger. That mcr
| chants are much more inclined 10 crodi
| nlarters than In 1926, ana nothing hi
| Providence will prevent large acrens
| and Weld exceeding any crop yet grown
| Cotton FOR October and November shin
mcnt Ia offered freely In this market u
| nhout 20 To ~ points under May deliver
| iiiss1uii and Kentucky correspondents re
port more cotton held back than gercrall'
| admitted; that merchants everywhere hay
| IA fov bales and planters are contenpiatin'
! planting an Increased ncreRgc ana ar
| buying piows ana other farming impic
monts, TO be ready nj mn curly date. Cotto
goods are In large supply, wan yer
moderate demand. Tho bulls predict man
| mutation and corners ana higher prices
| For tho six years ending DcoUnher g
| American cotton sales 10 foreigners cdual
cd 81 $40 $50 IN against ~ 0G0, 2i3 Goa In sam
! time for our breldstuffa, mud sNg III "
for our provisions. We do not look TO
| international complications, The world
| visible january rs was lOih, OO2 hal"S 5blf.
500 being American Amount N, tisht I
| january II, g. 29390S bales, against i0l NJ
bnias last season. and 5.l22e5i bales t
january 20. 1893 when the crop counte
out 6.7lT li2 bales Exports TO January
were 2,i9s lG2 bales, against i,lns,f6t bale
| In 1876 Based on previous years Gro
movement and exports there appears TO b
| about 1000 900 bales to 20 forward TO IN
| European spinncrH hcioIc now COW"
reaches speculative markets ana lenVo
good visible August 81, 1896 1he meetin
| nj Memphis by factors. merchants. specu
lators and growery TO resolve to feduc
the acreage we think likely to prove
boomerang. especially no II ordinary o
good weather prevlilH during tho Gro
season. 1t r. reported they passed reaoin
tons advising the restriction of produc'io
to raise prices, and urge "A larger produc
ton of corn. hay and staples Tor nom
consumption"
The Post recently received copy @
the December. 1885. edition OF "co'to
Facts" compiled by Mr.. Alfred Is. sheppe'
son Of New York. As n book Of ready reiei
ence upon all matters relating to cotto
and cotton manufactures In this and otht
countries 1t is very usetui ana hs COZ
RICHNESS may be relied upon. Mr.. SheI