The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-16
COTTON MARKET REVIEW.
The Apathctic Condition Is Still
Noticeable.
DECREASE IN INTERIOR RECEIPTS.
Tho Haif-weekiy Movement IL Five
Thousand Bales Below the Short
Crop Year Record.
Office OF. the Post.

Houston. Wednesday. January 10
II was the Same thing over again today
"a dull, featureless market. with the spec.
ulative demand only the least bit better
than yesterday, Advices during the fore
another circular. but that Liverpool ca
bles gave no definite information as TO the
tenor Thereof. The last Neil circular was
u very bullish document, but, owing &c
the unsettled financial situation at tina,
time did not help the market. II the
document issued today Is on the line OF
previous predictions from the Nell proph'
cts. some Improvement may be expected
at Liverpool tomorrow. and a correspond.
ing gain ON this side.
Tho half weekly interior receipts. ac-
cording to Secretary iloster's report, is'
sued today are 10000 bales. against U,o0C
ring tho corresponding time In lS9
This shows u decrease OF 5000 IN compar-
ison with very short crop year. and
was considered quite n bullish feature.
To offset this, however, the bears mere
ly pointed TO the rapidly increasing por,
stocks At all United States ports today
stocks are 1.05i3i5 bales. against 1919. 10;
on this day last year. This shows n de-
nclt of only ?i.Sls bales. ms compared
with very heavy crop year.
Liverpool futures were steady at tho
opening today. bnt with declining ten
dency. on the second call the market
was dull liaGJi 2-6it of and closed quiet
"a nd att al an
day.
New York futures opened steady at a
decline OF to 4 points. and closed barely
steady. about s points below yesterday
figures. March sold at 79l on The second
call, but dropped to 7.SSGf7.Sg at the close
At New Orleans futures opened easy Z
to points OF The decline continued
throughout tho session. the closing touc
being steady at net loss OF points.
MAY contracts sold ut 79l for tho high
est and ia lowest.
Liverpool spots were l-S2d lower with
sales of 10000 bales. Houston, Galveston
Memphis aud Savannah closed at lido
decline. New York and New Orleans
were unchanged.
Mr. Shepperson IN his new volume OF
cotton facts says: "ror the new season
81 ls95-9G It seems doubtful II there viii
be any material Increase I'm the consump-
ton of the mills OF tho world. ns the pro-
duction of goods In Europe and America,
under tho stimulus OF low prices, was
very large during the past season, while
the higher range OF prices now prevailing
viii naturally tend TO check the dstri-
button and consumption OF goods Dur
ing the new season UP to this time. the
consumption by European and American
mills were probably about equal to that
OF the corresponding period Of kst sen
son. hut the deliveries TO European mills
have been about 26i, 90 bales OF zoe pounds
net loaH, and TO American mills about
$4,000 Wales less than during the cores
pondlng time last year, On September
tho American and European spinners un-
douhtedy had on hand fully 100000 balns
OF 400 pounds not OF cotton more than
on September |. 1894, and therefore they
can really consume IN the season Of iS9j-ad
as much as their large consumption OF
lS9i-95. without actually buying within
Ge0 O0O bales as much cotton, and without
reducing their stocks at the end Of the
season below their stocks OF September
I, 1884 Ignoring the crop movement and
attempting to reach n conclusion ms to tho
size Of the crop from the reports Of the
department Of agriculture aud the adj
vices Of our Southern correspondents,
there X quite general Indication on the
face Of tho returns OF a yield between
$500 900 nnd G700,G00 bales. The returns
of the department as TO Yield are usually
about 10 Ter cent too low. They have
been an much MS 70 per cent too low.
In view Of all the circumstanc Il looks
to me- ma II the commercial crcp of lS15-aG
can not be loas than $500 600, while the
greater probability IA that It viii reach
900 600. with Il possibility OF even more"
New York. January l5.-fIuhbard Bos. 81
Co.'S cotton letter says: Tho market
opened with sales OF March mt 792fD7. 80.
and after selling at 7oiG7oi ruled at 7.a3
at | p. m. Advicos from Liverpool were
worse than the trnde expected. although
a slightly lower market was looked for
as u result Of the small loss In stocks at
the interior towns. II IN apparent. how
ever, that there Is no disposition to ex-
pect n permanent decline from the bnsis
OF present prices for some time to come,
as the strength Of the Southern markets
at all times creates the belief that the
spinncrs win finally bo compelled TO pay
higher price, for their requirements. md
few are willing to sustain a contrary
opinion by anticipating sales. Locally.
there Is a disposition to look for the mar
kcts to rectify themselves by the move
ment of the inside months closer to the
condition Of the Liverpool market, where
the immediate delivery Is selling for more
money than tho dlstant positions. No ev-
idence Is apparent of any revival of slcc-
ulation, for outside demand would imne-
diately affect the relative value Of the
moro distant positions. During the af
ternoon the market casod under the in-
fluence OF the comparative large move
mcnt at the interior towns. and with tho
exception OF some local buying there
seemed 20 be no support to prices. As the
Bombay receipts are expected to be large
tomorrow. the foreign markets are ex-
pected TO be easier. The SPOT market has
been very dull today. Quotations are left
unchanged. but purchases could be made
0t I-lG ices. The market closed barely
etefdy.
New York january u Tho cotton mDr-