The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-01
COTTON MARKET REVIEW.
Despite Unfavorablc Factors tho
Market is Steady.
SHORTS PROTECTING THEMSELVES.
They Fear Further Manipulation by tho
Butls- More Talk of Exhausting
the supply.
ONCE of The Post,

l
Liverpool futures closed very steady,
| lGla-6id higher than yesterday. and spots
were up 1-a2d. Spot sales at Liverpool
continue In tho 5000 bales n day rut. how
| evet and this slack demand Is not con
sidaed an encouraging feature There
was a good advance ut New York nnd
New Orleans during the forenoon, but
prices oAsed Off later in the day final
hs'Res being only IL point or SO higher
than yesterday. Spots ut thesc markets
were l-l6c highor. and New Orleans spots
Wee quoted firm ut the advance. sales
being $500 bales
There was II free movement Mt both
ports and Interior towns again today
and stocks at the leading markets were
Increased. Despite these unfavorable fac
sofs the market remains exceptionally
steady and Is considerably higher than at
TINS time last week. There is more bull
ish talk prevalent now than for some time
past and the shorts are evidently keen
INF themselves protected as far rs pos
siae. II il generally recognized that the
summer months can be easily manipulate
ed and there Is no desire to sell these
post ions.
Nearly every one is now talking of
the probable exhaustion OF the worlds
supply before che new season opens and
one firm has gone SO far as TO predict
That at the present rate OF consumption
the supply would he several Thousand
bales too small to last until September J.
The bears say that even If these calcu-
laQons were correct, there IL no likelihood
OF an exhaustion of stocks AS long as
trade continues In the present condition
they contend that mills thr"mghout the
world will soon begin to curtsil pfoduc- |
titp, as sL,cks OF manufactured goods |
continue 10 Increase. white the Il, !nnnd is |
constantly decreasing. IL Is also rey1a,'t- |
ed mat prices OF dry goods are already |
too low when compared with the actual |
cotton. and amy attempt TO cause Il sui !
siantial advance IN the raw staple would |
Fore several mills ont of the market.
Tho Post has received u lengthy circu-
lar from Atwood Violet * Co. in which |
they give the situation of cotton from a |
supply and demand point of view Among
other things they say:
There had come into sight to list instant
of this crop since September ] last 6,2a,-
$50 bales Should the total marketed 10
August 81 next be 100000 bales fnIihough
very many believe essl there would be
ls,ia more - come into sight during live
months and ten days from 2lst instant.
" can thus In seen what are the pros
pecis OF a 70D,np0 crop the curis.nt sea-
son. :, We should say Indications are de-
cmedly against its realization. accordng
TO the ratio of movement in the last tcn
years from April ! to August 81 inclusive. |
as above mentioned.
The worlds visible supply, 2Ist instant,
OF American, was as follows.
Bales
J .Nerpool stock ...............,...... giaGH
-, UuntHtai STOCK 80. .....,....... en-. nJl
american, arpat Tor Europe ...-... glS. 400
! a!teG states port stocks. ...,,,.... tS2,7 55
uHteu states Interior stocks....... JiIs3
~ nitnn states eSports today .....,. 2J.t2J
realize crop of 1000 900 bales.. ZIG. 4si
>, weeks .,...e.... ........,...,..s.7 res. osi
slant eta, TO september l. 1896 incl'id;
those at 81 leading Interior points
in the South, AZ well as all tho
cotton a1oat for Europe and
stocks at Liverpool, IIavre, Brem-
en- ana all the other European
held ...,;........;... ;,...,........, .s72s,o3l
VIZ have shown lint the aggregate
weekly consumption OF Europe
ard Amtrioa IS a6J 600 bales, and
this, after estimating American
CONSUMPTION this season at 300 o01
less than last year, but giving il,n
nggregat" weekly b01 less and
putting 1t AZ 10000 bales weekly
for ~. weeks, and We have, 80, u, $50, 900
rhls would show an exhaustion OF \
all visible supply and II deficit of. 81 DO
------- y
Ne ind that tho worlds Visible Z
supply OF American on Septen- =
her / last was, In Europe and
anoat Tor Europe .,.,,.............i,77 b hoo i
A l.