The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-16
COTTON MARKET REVIEW.
New Orleans Spots Close Onc.Six-
tecnth Lower.
HEAVY PRESSURE OF SPOT COTTON
Futures Continue tn Drag Aioug-A Slight
Improvement ~ New Orleans.
liverpool Lower.
Office OF The Post,

recently. state that the crop is two -thirds |
gathered. and that the movement Is bound |
10 show a big decrease by the latter part
OF this month. 1t IL difficult to make
traders at New York and Liverpool believe
that such thing Is possible. however.
for the middle OF october has already ar |
rived. and receipts are still In excess Of
last year. both in Texas and elsewhere. 1t
Is true the interior towns show q slight
falling of this week, but the stocks at
United States ports have been Increased
2l3.000 bales since last Friday. and are
now beyond the 100000 mark. Port stocks
today are 2b2, 600 bales larger than the
amount on hand at this time last year.
In the face OF tho continued heavy re-
ceipts and the accommodating STOCKS. Ut 10
quite noticeable thai exports rrc now le-
low what they woih year ago. So far
this week the total cxnor.s to Great
Britain. France ana the continent have
been $4,000 bales, against l25. 900 FOR The
same time last year. In other words the
conditions surrounding the ma key aic
temporarily bearsh. and all prophecies or
a scarcity OF cotton later on 81 m rLablc
to lit prices from the presout rat OF
depression Many persons believe. how
ever, that If outside spectators should
take hold Of cotton. n good advance would
soon he realized. At present ,hn trading
is confined mainly TO the large Spectators.
who are generally in favor %. the short
side of the market.
Despite predictions of frost in the cotton
belt within the next twenty-four hours,
the markets were practically at a stand.
stlll today. Liverpool was again unfa>or.
able. futures thorc closing AT n dccliuc u
26id while spots lost Lied
New York futures showed slight nd
vance AT times during the scssiou. hut
closed at last nights figures Dccom5,r
opened with TG9 bid. advanced Ia $50 ~
2:2O, but closed ut 1.16d7i6. January sold
at so Tor The lowest and 1Nl highest,
closing at 7S6G7.S7
In New Orleans December opened at
1856 sold at 7i1 by / p IN. ani clos "a at
7.i0H1il. against 739M7i0 Sesto .day.
January sold at 1.i5 on the opening. adj
yanccd TO I SO and closed at $50. The gain
for the day ranged from / to points, the
late months showing the greatest ad-
vance
New Orleans spots continue to show de-
cidcd weakness. II further decline OF Ice
being recorded there today. making mid
ding now 3-l6c The other Ar,c lean
markets were generally quiet ana I'M
changed,
Clapp 4 Co OF New York say IN their last
/ market letter. October reCoipta tpunar av-
eraging thus far about 10000 bales per cay.
or equal to previous thirteen years aver
age In October; II continued, they Will
likely bring totals for n M er / up to
the high record of 1921. Then the amount
IN sight November was 1852 800 hale.
and exceeded all records. That crop a.
nally counted ont 90S531H bal IS. The
worlds visible supply November !, lsal
reached 3,l61 S33 bales, and March l. lAh2
( touched i,120,Si2 bales, Tho trade liz
very much Interested to know whether
government cotton reports are as much
under reality in 1896 AZ appearances now
Indicate our reports indicate there never
was crop matured SO early, or bolD 81
small. or 30 many required for nt uni or
a bale: that thu season was un,Sua ~
early and favorable; and that is Is scarcely
possible for any one to belize the rove
ment has not been about month In at
vance of all previous Seasons. Sentiment
and speculation carried January cotton.
September 10, to s,E, bulls bought freely.
miners reluctantly consequently much
distress cotton has been forced on the
market for want Of margins. and prices
apparently forced as unnaturally down to
Tss. October Z. as they were rs oi cent
too high less than fur weeks previous"
New York. October H. There was n
more general inquiry as rhe result of the
/ better feeling IN commercial circles anu
! while some business resulted for imme-
date requirement. more was laid out for
| spring Wooden and worstcd dress goods
| had more attention extended and the same
/ lis true OF specinltics IN cotton. There Is
! "A uuiN request for information as to
! values aud stocks that mny develop into
II large business at amy moment. Print
! INK cloths In better request. free sales Of
regulars ana odds and the market IS show
! mig Increased stehdiness az current prices.
| New York. October l5.--Business In cot
ton today was AT irregular prices aud
small IN volume. dependent chiefly upon
local trading. The opening call showed a
loss of $40 points. cables being disap-
pointing. rally Of to points followed
on Indications of subs5dins receipts at
the ports ana nrmer spot markets IN The
South. AZ the same time print cloths re-
ports from Fan River were better. show
ing that aales thus far This week exceed
| cd one weeks production. Trading was
conservative throughout the session ana
the close was steady at unchanged prices.
COTTON POINTS
The approaching election. with IT'S un-
iccrtalntles. tends to restrict trades
New Orleans expects 500 10 200
bales tomorrow. against 1880 on the same
day last year,
W. O. Arslsy has made application for
membership in the Houston Cotton TX
change and Board OF Trade.
Houston receipts tomorrow will he be-
tween $500 and $500. as compared with .s05
last year aud iS,iiS in 1884.
Sondheim OF New York wired Careill
a. Richardson at 9:2O a. M: Liverpool
and New Orleans chief sellers. iperket
will be ruled by receipts.
" II. Leman OF Atlanta, Ga, and J. u
Stewart OF Liverpool were visitors a, The
Houston Cotton Exchange today.
The members OF the Cotton Exchange
have accepted an invitation from the iIous
ton club to be present In the ,Ooms OF
the latter organization on the nigat Of
November 3. when the election retains
will be received and read.