The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-08
IfTON MARKET REVIEW.
Better Feeling In All
Markets.
rpTHING APPEARED BULLlSH.
~.,,d,s Visible supply Showed =
=. increase for tho Weck-spo.s
Advancing.
Office Of The Post.

-
t.,,.r feeling today, both at homo and
n Liverpool futures closed with a
/ !. ,ons at an advance of 2,kQSIs-sid.
..r,ces were also firm in the foreign
~. and sales of 5000 bales were re-
q, liverpool, quotations being l-l6d
81 than yesterday. The. American
fsn,s we're all higher. both spots and
:. taking a turn for the better.
[.rthing had bullish look today. and
!. M doubt the advance was started
~ covering of frightened shorts, all
er,res posted tended to confirm re-
r,.d,c,ion OF a practical exhaustion
n. worlds supply of cotton before
nav crop is ready for market.
!. worlds visible supply decreased u.s.
,.,ss during the week. and Is now
4, less than at this time in 1895. For
.,me week In March last year the
,.e was a little less than 10000 bales.
!, that time the visible amounted TO
M At the end of the first week in
IN. in 1893. when a crop Of only $780,
~, was marketed, the visible supply
puted to Alas, oO6, or AL ,4s2 bales great
an the amount reported today, The
Bs visible supply of cotton is now
sA bales.
beks at the leading American mar
showed a big decrease today. Yester-
New Orleans had 3l4, 4SS bales; today's
Il showed only 2S2, 25s. n falling off
M day of S2,iS0 bales. or nearly
haH OF the entire receipts at United
y ports last week. New York's stock
\. 100 bales, and several other points
rcd decrease In stocks.
EXPORTS for today we're $1,000, against
on the same date last year. Port
b, which yesterday showed a deficit
n.1s2 bales, are now 1882 less than
*
lays receipts at all ports were only
bales, or one-half of last years re-
Interior towns also had a very light
sment and estimates for Monday in
b small receipts at New Orleans and
b,on. Stocks at interior towns de-
Nd $1,000 bales during the week
King 1t altogether such an array of
bh figures has seldom been seen on
boards In one day, and unless political
(ade conditions brighten buyers. 1t IS
Ealt 10 see why further Improvement
ices will not result. Everything in
|A that the speculative long interest
letically eliminated, and todays de-
ments are quito likely to disturb the
dence OF the bears. Should a rush to
result 1t would easily create a de-
advance.
York futures opened to Toints
~ closed to ? points higher than
nay. The decline came toward the
and was unexplained. New Orleans
y opened 10 points up and closed
points higher than yesterday.
advanced 1-l6c In nearly all the
fsru markets and the tone was very
At all points.
W 4 Co. of New York take the fol-
. bearish view of cotton In their let
March 5: "A year ago this week
cotton was selling around $50 to $50,
y were predicting a small acreage
saNslng purchases from the record
ns crop of 100000 bales. and now
advising sale of May cotton at $50
me lowest crop similar acreage
oy ever grown. The amount that
N sight to February 2S was rJ4, 26l
against S,53l,076 bales a year ago.
c1y. 1896, receipts have about
s. HO,OoO bales, against S62 436 bales
w out records show that the re-
y late winter and early spring
nave varied greatly and are no
.s,soruary varying in twelve years
sLiS IN lSS4-5 up to 1889 in 1912
receipts range in same years from
enes 10 i62,75S bales in 1901. The
y u twelve years shows S5ie per
AZ crops delivered by March l.
w basis crop should equal about
bales, though last years record
vvhy lS.s per cent came in sight
mArch !; In 1928, 1852 per cent of
Y was delivered after March |, and
late this year would carry this
~. 70 s,vO,0W bales. Texas planting
suVns were retarded some recently
~ put everywhere we hear that
lung commences about April l
eeea any in years.
ugus stu claim that the statistical
strong, that the visible and
supply Is less than spinners'
We think the movement Unto sight
~ continue on a liberal scale. and
:. .ease TO continue buying as lib
usual; that the season thus far
AZ nearly perfect for preparing the
~ the seed; that when an ample
~, moisture exists when the plant
~ 1901 1t always insures good
N.Y. ~ mat In all probability lib
n,ss WIN be planted this season. ,as
;mu,t n,,. are being made for