The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-26
COTTON MARKET REVIEW,
Liverpool Spots and Futures Closed
at a Decline.
A BETTER FEELING ON THIS SIDE,
slight Advance ~ New York and New
orie~ns-fors Receipts Show n
Big Dscrsaae.
Office OF Tho Post.
Houston Tuosnny Jrnhr,or,, ..

Liverpool futures closed eaiSit-6id lower
than yesterday. aud spots also showed n
decline. The easier tone of the foreign
market caused New York and New Or
leans to open ut decline, but the loss
was soon recovered, and the American
markets closed a few points above yoster-
uay hgures Inc better feeling on this
SIDE was ascrihed to natural reaction
due after the continued weakness OF the
market The decreasing movement plso
had very favorable effect Port rcceipts
were l13,S bales against 2q,2ig on the
Same day last year, and is,;M In 1929 In
terrier towns likewise had comparatively
small receipts, and estimates for toner
row are not heavy,
Both port and interior stocks nre be.
Einning To show u marked decrease aud
the export demand holds up well Total
exports TO Great Britain. France and the
Npnunoni today were rs, iO6 bales ggainet
saiE on the corresponding date last year
S,toeks at United states ports are now
1850 Wss thah the amount reported on
hnnd at this time last year.
New YORK futures opened steady al n
ueoline OF points on tho crop months
Whtlo tali quotations were To 5 points
or Prices iiuctua,cd considerably dur
ing tho forenoon and had recovered nbout
! point OF tho loss on the second call
AFTER this steady advance followed and
nnai hHnrtS were to points higher than
yesterday. May sold at l6l early In the
session aud closed at I6sfpi. %
New orleans futures ol,ened steady 4 Ia
b points on There was an advnnc1 soon
attor the opening and the closing was
J 10 points ahovc yesterday y figure
May sold Mt It5-5d ON the close or 7
points above the lowest prices recorded
during the session
Liverpool spot pric"s were epsior at a
decline of l.32d. salcs wrfu $40 hnlos
The American spot markets were g,,ner-
ally firm and unchanged with very good
sales reported.
~ tSceni meeting OF the Memphis cot
ton exchange a resolution WAS atioptod
snsSeSuns needed reforms IN preparing
cotton for market Tho committee APP.
polluted Tor the purpose said
ApprcciUting the had condition tn which
American cotton reaches foreign porta MS
compared to the cotton from India, El,ypt
HraYil. etc. and heiug heartily In favor OF
Assisting III any cnort to Induce a better
system OF wrapping cotton than IL now
s,no,nily in vogue. No therefore recon-
mcnd To the producers that cotton he GOV.
crru Win baEsing of not lees than
pounds or over "a pounds 90 tho yard
woven and cai"ndarrd to allow clear and
uiStiret marking, that tea be made Of
steel OF best material OF not lt.s than a.
pounds TO III" bundle of 30 tics, of II TO ma
feet IN length
The Maritime convention held In New
Orleans last February passed resolutions
recommending that ali ginners uac Il uni
FORM hoN FOR hhling cotton Of say - inch-a
IN width hy ~ inches in length and tliA
nctiou WIS ratified AZ the convention OF
the American Cotton Growers Protective
association held IN Memphis on january
II. lS9G, aud We urfc upon Planters md
Elnncrs to udort this riae press box. II
ms ~ done congresses throughout the
country can pross the bales To IA grNtter
ucnsi'Y than can nov be done with the
various h2rd bales. The greater density
obtained. and the bnlca being of uniform
lrnsth and breadth. win enable the rail
roads 70 load larger quantity Ia the car
holds. THIS viii naturally lower the freight
rate. and whatever Tends to lower frcights
ilurcs TO the profit cf the grower. as all
chatgca for handling ana transporting tina
ttaplc come out OF the pocket of the pro-
duccr
We suggest that these recommendations
be brought TO the attention of bagginR
manufacturers and MANI fHcturcrs of ties
ana press boxes, with request that they
give thon earnest consideration.
Aa to the resolution of the Liverpool
Cotton association that they viii enforce
a penalty Of ID per bale after the first of
September, We recommend that the prcsl-
dent of this exchange communicate with
the Liverpool cotton association and in
form them that WV are anxious ia assist |
IN any movement looking ia an Improve
mcnt iu wrapping cotton. and We indorHc |
change under date OF April g. 1895, ON this |
subject \ reform n the methods now In |
vogue cnn only be brpugm about by action |
NJ tho various cotton exchanges In bring |
ing this matter to tho attention OF tho |
producers and public ginuers and thowiLE |
them that such practice inures to the loss |
he value ot thr staple, To attempt 10 en- |
force such an arbitrary rule VIII only re- |
iard every movomen, looking to n eorreo-
ion of this evil. nnd wg hope the Liver |
pool Cotton association viii see its way |
,lcnr 10 roscind It's action.
In the past few years tho Memphis cot
Ion exchange has taken special care 10 gee
hat all shipments from this point have |
gone In good order and condition.
New York. February 25.-Co,ton con
rnc,k opciied and points lower on disap-
vomiting Liverpool adyices At the same
inns II was estimated that i2b,oon bales wiz
March g Inst year the marie, rallied
on tn" purchnee or 1000 bales
~ exporters This was certhcnte cotton
md " was reported that freight room had
ilready been secured for 1000 bales
NRrcn shipment. This caused anxiety on
he part Of tn. shorts and n brisk cover
ng demand carried pisces M Sharply.
Another element of irmness wns contra
iiction OF yesterdays report thai dozen
NJ more cotton milla would 80 on short
iA. roo spindlea working on indigo GOODS
viii go ON short time next weak, but 1t IL
loi known definitely wh"h any othors VIII
March contracts TO later de
iverice was n feature OF the days market;
The short interest has been protty well
.vcned M and the market was without a
irm undcrtone, 1t closed nt n net advance
u 2H4 points.
New York February %. Hubbard Bros.
J Co.'S COTTON letter sRya; our market
,penod with sales OF May. at 7ClmL62
closed yesterday at 7dG). and ruled at 7o1
Il I .. m. The action Of the market TO-
lay shows the effect of the anticipated re-
lotion In prices after the distribution |
,rought about by the tenders on the
dareh position tomorrow, Each time this
cason n quantity OF cotton has been ten
Tered tho market has quickly recovered
nd advanced 20 higher quotations than
hose ruling when the tenders were male.