The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-18
COTTON MARKET REVIEW.
A Substantial Rally in All Spccu-
latiyc Markets.
LARGE PURCHASES BY FOREIGNERS
Is said to Have Caused the "c''er
EccIing-MoVcmcnt mt the Fort"
Continues ON Large sraic'
C,ffice of The Post.

Houston, Thursday, December H.
The seo-elw of cotton values came TO
sion today wtth the hull end IN the ar
Prices showed a subst rally. ana
the active months IN New York are now
20 rolnta higher than Mondays lowest
The total gain today as compared WIZ
yesterdays closc. was IL points III '"e
American markets. and l-6idHp2-oil AT
Liverpool. The foreigners again took t'e
initiative in putting up values ana II was
req orted that both Liverpool ana CONT
mental spirners were buying heavily. Law
erpool spots were reduced 1-32d. ana safes
we're LOCO bales, making total of 1909
bales in two days.
The port and interior movement too ~
was much smaller than heretofore this
week. but still considerable in excess OF
last year at this time. When compared
with the December receipts in ls'6 now
ever the present marketing CT cotton -
not unnatural and does not necessarily
indicate a monster crop. While the port
receipts so far this week have been 9p'""
bales in excess of the same time last year
they have only exceeded this weeks move
ment in 1893 by $4,000 bales. heretofore
this month the receipts have been below
tho movement in December three years
10000 bales.
Tomorrow the trade will have all the
weekly figures TO contend against. ana as
these Will undoubtedly be very large, they
may have a besrlsh effect. Should i4iv-
erpool. however, continue to take Il firm
stand, SPECTATORS may be awakened to the
fact that present prices are very low in
deed to be based manly upon an uncer-
ianty.
AT todays session New York futures
opened firm and higher January started
with GS5 bid sold down to 6S2, but by noon
had again advanced to 6.S5. During the
afternoon prices continued on the UP grade
and the closing for january was 6.9Sa6ai,
against G.sluG.>2 yesterday. March sold at
500 early in the day, but advanced to IL
BY the close.
In New orleans the opening call showed
a barely steady tone, with $50 bid for Jan
uary. The lowest s4le was at $50, and the
highes, $50. the latter price being obtained
about the close of the session. March
opencd at SIS, dropped to 6.72, reached
Gs7 during the afternoon. and closed at
c. sGM6.S against G.7eQ6.73 yesterday.
The American SPOT markets showed 4
firm tone, with l4rge sales throughout the
South
Messrs. Cargill & Richardson of Iious-
ton called attention 10 Lhe following N
thdr circular ssucd yesterday: IA feat
ure that has been little thought of in ref
erence 10 the large movement. Is the fact
that in the market there has been received
but two bales of frost stained cotton. lhis
Is extraordinary, considering thai; It has
lcen over a month since North and Cen
trail Texas received a killing freeze, and
bears ont our advices received at that time
that COTTON was done. 1t also IL quite
evident that the scarcity of tinses demons
stlates that Ghe movement is early pick
Mgs. which means exhaustion Garner TINS
season than III previous ones.
New York. December l7.-The cotton
market opened steady al an advance OIL
lu6 points, touowias taNOrah.s capleS, nut
subsequently lost the improvements on
easier Liverpool accounts, suI later re-
cuperating quite Sharply on Indications of
IL decided let-up IN the movement at N
terror towns and ports. There was some
buying Tor continental account carry ~
the sess- on but later tho local traders had
the market to themselves. Inc market
closed at a net advance of l2nlf points.
Cotton Points.
Houston oxuocts II 500 to ~, 500 bales to-
morrow, against 1851 on the same day
las.i year: New orleans expects 1880 TO
II .ae0 against l., JH,
Cargill 4 Richardson We're advised from
New York. smaller market don't think
ready for advance yet, but may do little
better: viii depend upon buying power
ald receipts"
hubbard Bros. & Co, wired Il. w. Mar
tin this morning: Traders bcarish sur
prlsed at Liverpool, whose strength is
due to continental buying. Movement
SIN too large for this market TO take the
| initiative"
The receipts of Sea Island cotton at
United states ports since september Ia
have been $500 bales against b2.UD for the
same time last year. The stock at ports
is now $1,000 as compared with 1900 on
this date in 1875.