The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-10
COTTON MARKET REVIEW.
New York and New Orleans Future
Advanced Ten Points.
BUYING ORDERS FROM LIVERPOOL.
Cnuscd Part of the 1mprOvement-Ad-
vices from n Galveston Merchant
Builisb-spot Cotton Steady.
Office Of The Post,
Houston. "Wednesday. Decemher O

covered about 10 points of yesterdays loss
at today's session. A reaction was ma
uray In order after the severe decline
! experienced recently and IN addition to
this the adviccs from Liverpool were
rather favorable. while the semi weekly
movement was not considered very heavy
) New York telegrums reported good buy
ing orders from Liverpool and the con-
tincnt. with the South inclined to stiff
prices on spot cotton. Another favorable
influence was the posting of New Or
leans estimated receipts for tomorrow. be-
INK considerably less thnn the amount
received on the same day last year.
| The government bureau report to he
issued at noon tomorrow is being awaited
by the trade with considerable interest,
although 1t is not yet known what facts
or figures will be included therein AS
the November report was very incom-
| pletc, II ia quite likely that the Decem-
Der statement will also include the infor-
| nation that was to have been given out
| last month Last year the bureaus re-
| turns to December l indicated crop of
$4,000 bales, and on this estimate the
| market advanced quite sharply the day
| the report was issued. AS the govern
| ment missed the actual figures by about
10000 bales that year, 1t is doubtful IL
| much credence will be given this seasons
| estimate.
AT today's session New York futures
opened firm and slightly higher. January
started with 7l9 bid. dropped to 7.i5 during
| the forenoon but began a steady advance
| after the second call. BY 2:24 January
| sold at 7.29. and final figures were at 727cD
7.2s, against 7.1s@7.19 yesterday. March
sold at 7.32 early in the session. but went
| to 1i5 before the close. showing a gain OF
| 10 points aus compared with Yesterdays
| close. Sales were quite large the total
| being 266, 600 bales.
In New Orleans the opening call devel-
| oped a steady tone. with prices rather
| irregular. January began with 6gf bid. |
| sold down to $50. and advanced to 96 by |
noon. During the afternoon the price
| jumped to 7.03, and closed at 70lft7 OF. |
against 6.92G693 yesterday. March reached
bottom al 7.07. touched the top for the
day at 7o and closed at 71sa7. 10, a total
gain of points as compared with yester- |
days final figures.
The American spot markets showed a |
much better tone today. and though prices |
were unchanged the posted figures were |
nearer represented actual transactions |
than heretofore. Sales were quite large
at New Orleans and an average business |
was done Mt other points.
Local traders expressed the belief this
afternoon that n large portion of the long
interest had been lquidatod and that the
shortS We're becoming entirely too numer-
GUS. on this line the latter clause in the
following telegram. received from New
York by CarSill & Richardson, is espe-
cially significant: Fen Cannon of Calves
ton WIRES that sales of bagGing for the
last two weeks have been below all deal
ers Expectations. He thinks the Texas
crop VIII be 100000. While we do not
advise purchases at present. do not think
safe to sell"
Hugh f.. McElroy of New Orleans saws
in his last market letter: THE real CON
tingoncy which is most likely to check
the decline ana bring about an advance
is the probability thai, in the neighbour
hood of cents for midd.ing, Europe will
chow a disposition to lay in surplus stocks
or spot cotton. Middnng here is down 10
l-l6. and while 1t has always been the
policy OF consumers to h, on during a
weak period, any show of strength or dis.
appointing receipts would undoubtedly he
Iiol.oWed by an active spot demand for
European account"
AT the last meeting OF the board of man.
ayers of the Now York cotton exchange
1t was voted to levy an assessment of SO
on each membership in the exchange to
meet the payment to be made to the heirs
|
New York. December 9-Hubbard Bros.
N Co.'S cotton letter says: Our LIVERPOOL
adNices state that the market shows more
confidence and is ready to advance on any
iaVoraple adv ccs. Continental spinners
Were large buyers II Liverpool TO-DAY alb
sorhiAg the American of,eilngs The bu-
rcau report Will be issued tomorrow aud is |
JIn ,ip'i,, 70 estiina!e the yield per acre.
buynlE orders Tor European account wcra
I,ce-yed durnI the afternoon absorbing
me southern offerings. and the market |
Closed steady al the best prices of the day.
New York, December 9-The cotton ,
market opened firm at an advance of 1n4
points early cables showing less declinA
th@n expected. Later there was some
,i That caused reaction of
and prcos rapidly advanced ioul5 points.
nTte cover ns Of shorts being feature
vas movement Of the market. however.
relcrt to ne iSSucd tomrrow checked trad
lis pab i 9fpa'o Tb rrG cer to VA for
ret advance OF 7aio points.
New York, December 9,-Fabrics for cur
rrat demand shared in moderate degree
OF intention ard talSngs were OF lim,ted !
lu ',cn, For spr'ng bus ness there was G
"a n, very "A, AZ persora demand, but very
e,ers' whose assortmcnts for near dolly I
f E, =, -, e coy III stycs Of colored and
'iN't'' ,''i'i I'llHANl lVhfirS. STAPLE
oqions were slow. Printing cloths dull al
: o-S Tor Regulars ald nothing dong. ,
Cotton Points.
Houston expects $500 to $500 bales to {
morrow. ag1innt 1881 on the nl,,e day Inst y
N NSnr' New orleans $500 10 1900 against =
The Liverpool cotton exchange will be Y,
Closed December % and - and January y
! and :, on accoisn; of Christmas and New :
Year holidays. "-'' :
Sondheim of New Yor,, ,,.,raa c,,..,u q
i iaichaTison AZ s:22 a, m; Liverpool buy
lls' othoiWtse no outside buying"
=, Hubbard Pros. advised B. W. Martin at
,mnriors ia struck marlte. acts like ho,ii1r.
Traders bearish." 'N' ''''f'
\ Cargili Richardson's advces from
.NrW ,l!leihs read as follows AZ 10:24 a. m:
hut oMtsl0c speculation doc moi rnsnnnI |