The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-20
COTTON MARKET REVIEW.
Liverpool Futures Were Lower and
Barely Steady,
THE AMERICAN MARKETS ADVANCED.
Rocky Mohr Reported = Heavy Buycr In
New vork-Fu,ure ~f the Market
uncertalu.
once OF The Post.

itoutNon, wednesday, fepruary ~
A decline at Liverpool on both spots
and futures caused the American markets
to open lower this morning, but the loss
was soon recovered and the closing was
at an advance. Liverpcol's weakness
was attributed to the lack of support.
the leading shorts having already COW
cred and LEFT tho market to take care
or Itself. Futures there were barely
steady during the session and closed "a
sia-6id lower than yesterday.
One of tho most favorable features
on this side today was tho falling on
In port receipts. tho total being quite
small and something over 5000 bales less
than last year. Indications are for heavy
receipts ut the ports tomorrow. however
New orleans alone expecting $500 to 5000
bales, whereas all United States ports
only received 1881 on the Same day last
year The interior movement will very
likely be light, though. AZ Houston will
not receive over 1900, and probably much
less. against ina3 In 1929
The future course of the market is
stu pug1ling the operators and no two
prophets have the same opinion Local
kilograms indicated that tho brokers CT
merely guessing at the market, their
tips being both bulliah and bearish and
capable OF being read either way. Tho
general sentiment now favors reaction,
but whether sufficient short interest
has accumulated to justify this remains
To bo seen.
New York futures opened steady Mt n
uecllne OF 10 Il points but soon recovered
N IA xr..,s,
steady, about points lower than yester-
day.
New orleans futures opened barely
steady. with the FIRST three months /
point up. and other months to points
on, There was very little chnngc IN these
quotations on the second call. but higher
prices ruled during the afternoon. The
closing was barely steady. to 0 points
highcr than last Monday on the crop
mounts, white October. November aud De
eotnner were only | TO points .up.
cilne, sases amounting 10 s000 balcs. The
american spot marketB were generally
steady ana unchanged.
New York February ~. Hubbard uros
COS cotton letter saws: The tempcr
or me local cotton trade IN TO look for
~ lcast reaction from the present low
prices ANA many operators are buying
10 cover aud Withdrawing from tho mar
kot for the time being The condition of
tn" dry goods trade aud tho known ac-
NHinulttluu OF COTTON goods at the mills
ana ainonW retailers prevent many oper-
alors from buying cotton for an improve
in"nt- nut there is no pressure 30 sell in
anticipation Of further decline. Even
those who hold bCarish viows eNport the
market 10 remain steady during the next
sixty days and win be disappointed II the
market declines Tho market closed
steady with a general disposition to look
fot a further advance ns n natural re-
action from the low price of the morning.
Now York. February 1.-THE feature OF
| the dry goods market has been the re-
| auction OF prices ns follows; peppuriil
| wide shcctings to the basis OF 1914 ut iSc,
| Androscoggan wide shpctings on the basis
| OF ln-i al he Popprrill "R" aG-inch brown
tn 6Hc, Constellation 2G-inch brown 60
aa,. Otis aud Columbia Bounce dcnlnia far
on OTIS checks ana columbia chcNiots
&c off Ccrlia ticNnpa u TO 70 on. AmoS-
kong single letter mud book fold tickinps,
also dcnimH, cnmlets stripe and plaid
fancy shirtlngs aud eNcelHlor checks and
stripes each iAo OF Very qu'ot market
Printing cloths dlll at ~.
Now York February loThc cotton
market atarttsl off at n dcclne of tub
on n scale to suit the bears The mar
kot showed a rather weak undertone,
finally under tho impress on That the Eng.
llFh demand an the basis OF recent SPOT
sales at Liverpool was no offset To N"
movcmrnt Of cotton at the ports and III
tertnr. tho market closed very steady at
& ponts advance 10 I point decline, as
comnsred with yesterdays figures.