The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-06
COTTON MARKET REVIEW.
Futures Recovered q Small Fart Of
the Loss.
LIVERPOOL BETTER THAN EXPECTED
Only Declined About Three Amcri-
can Pointa-POrt Receipts Were
LiRht--Evcrs thing Bulltsh.
ofncs Of The Post,
Houston, Saturday. December s.

ish this morning. and yet after total de-
cline Thursday and Friday Of seelas points.
the American speculative markets showed
a recovery at todays close Of only 5 to
points. Liverpool was much better than
expected, and this Of itself seemed to many
traders good reason for giving the market
bullish support. Futures at Liverpool
showed a loss Of only l-6id, although New
York declined fully Ave times that amount
yesterday. Spots were i-sad down In the
foreign market, but spot sales were very |
large for a Saturday session, the total at
Liverpool being 10000 bales.
The receipts at United States ports were |
! certainly more favorable to the bulls than |
the bears. the total being $4,000 bales less |
than this day last week. 1000 less than on |
the corresponding date IN 1893. when tho
total crop was 100000 bales. and only 1000
bales larger than on the corresponding Sat
uiday Of last year. when the crop turned
out 100000. 1T doesn't matter about the
receipts. though" said dsgustcd bull to-
day. when they are large the bears say
1t means big crop, and when they are
small It is claimed that bad weather has
merely interfercd with the marketing tenn
porarily."
Small receipts are estimated for New Or
leans and Houston next Monday. New Or
leans expects $4,000 to $1,000. against l6.i2o
last year, and Houston $500 to $500. agalns,
SAP.
Early In the session today 1t seemed as
II New York futures were good for sharp
t&nt l,n hpt tb,o oil a.
last long January, which closed yesterday
at 7.3ia7S2. opened this morning at 1900
1857. and soon advanced to 40 This prov.
ed all the market could stand, and by i0.30
the price was back to T.36 From this II
fell to 1888. and closed at 73iu79j March
sold ut FOL shortly after the opening aud
closed at 7,50df751. against i,i1G1iS yes.
torday.
In Now Orleans futures opened barely
steady at an advance of 2d3 points. Jan
uary started at 100, reached It's top price
at III and then fell to 7os. The closing
WAS at 7O9a7,lo, against 7o5u7o6 yestsr,
day March sold at 72s early In the ses.
sion. then fell TO 72i and closed at 7a5d
72G.
The American spot markets were quiet,
] with an easier tone to prices at some points
Galveston. Memphis and Savannah marked
prices Ice OF.
;; Cargiil & Richardson were advised from
New York at 1910 a. m: "lIagedorn large
= seller. Mohr large buyer; otherwise small
market; very little outside buying"
A New Orleans firm that has been con.
. servatively bearish heretofore, had this to
say after Fridays decline There scom'
TO be favorable opinion gaining ground
relative to cotton and our most conserva
tive merchants believe that cents IL
CHEAP Should good demand for spots
r spring up In the meanwhile, and receipts
show genuine signs OF decreasing. with This
J. feeling on, n sharp and permanent advance
may be established Therefore, such be-
ing the case. we think well OF buying on
all breaks"
Alfred H. Thcpperson. In his Cotton Facts
for 1896. Just issued, says that, with th'
- general revival Of business since the "lec'
J.. tion, IT is fair tn assume tina, our MUS wa
II tskc n, least 200 900 TO 200 O00 bales more
= Jopan Will require 30 600 more, Canada anc
y Mexico 90 900 more The Egyptian CROP h'
= thinks. will probably be 10000 to 1000
/ bales moro than last season. In III" season
/ lust ended about S.650.0OO trunningj baioi
J. Of American cotton have been used i,ase'
y, upon tho above conditions. he calculates
!, that an American crop of Mt least s'9oo'oo
= balca would he required n the present rat
2. of European consumption II maintained II
4, order to have the stocks OF cotton in mnrke
l. and mills at the end Of the season no les
A. than at the commencement
r; Now York December b--lIubbard Bros
& co.'s cotton letter nnys: An exccnen
:. doranA from Manchester made tts ap
"a rear,nce IN l. verpooi today, sp'nnnra tax
VI ing n larger quantity II cotton ihin 10
~ moaths. This demand sieadied the mar
~ fet which ild not dccNne WIN tlf F ,iil
" renii moss a. dd thN American mlrket
Yesterday Buy ng orders were found J ,
icuronolm account. advancing the marke
-. sono 10 points from ne eloos,ng qsoihn
u long inieresis caused the market TO clos
% nlIiot ana a,ondy at somewhat bette
"a prices than last evening
~ New York. December b-Toiay's cable
'. showed mp In much better shape than eA
81 pcciel, IN view of the weakness deve!ope
here yesterday, ana our market opene
=" firm at an advance OF 5ulo points, WIN
FulgCGufn. Eu.U OF w" i'osHtA Vh bfsb Nv
sltIons SuaseQucn, cover ng was u toi'
- ure OF the carly market. s'imn,atcd p
o. light recc.p;s for the day. me marie
Ia sn-1 on t.lidor predictions that the move
,e mrnt OF cotton would become larger mes
&c week. with better weather and road
~, | I,iutf.,iation for New Orleans account wa
- | :, fe,ttI,c ~ one time. Tho liberal anlt
- OF spot cotton at Liverpool checked sci
NJ irg The close was quiet and st.ady. Z
IL a nc, gain Of ga points Total sale
1900 Salcs.
St. Louis. Mo. December a.-Cotton
steady and unchanged sales, G23; m!l
=. ding. gle: receipts. 2i59. shipments. 1873
%. stock, i2.l52.
n. ,orrnx