The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-22
MARKET REVIEW.
Liverpool Spots and Futures Ad.
vanccd Again,
THE AMERICAN MARKETS TuMBLED.
6carish Facts and HsmmerinE Were Too
Much Tor ru,urss on This sidr.
Cotton Points.
Office of The Post.
Houston, Friday, February II


Houston, Friday, February II.
Liverpool did hor part to strengthen
the market this morning. but New York
and New Orleans could not stand up
against the bearish pressure from THIS
side. Tho opening was at slight ad-
vance, but both the American markets
soon broke and closed about 10 points
lower than yesterday. Everything on the
other side had very favorable aspect,
Liverpool futures were 1's-6id higher.
spots were up l-s2d and spot sales We're
1000 bales. Manchester also reported a
steady market and better feeling gener-
ably
The weakness AZ New York was at
trlbnted to the fact that thoee who
bought yesterday and tried to dispose
Of their holdings this morning found no
buyers to take their cotton. Prices III
that market couldn't hold UP under these
circumstances, aud the decline that
stnrtod there was s. M reflected AT New
Orleans There were other hcarisn in
flucnces TO weigh down the market ana
the bruins took good care to see that those
facts were knocked into the heads of the
bulls who had Attempted to maintain an
advance AS expected. the port receipts
were heavy. the total being 6DM bales
greater than last year Then to ada to
the torture OF the bulls the day happened
20 I've the last OF the week ana OF course
tho fsurcs as 10 the movement were used
| to prevent any reaction on the closing cat.
Tho amount IN sight was isS,0o0 against
llLoN last year, $500 Ia 1894 ana lOS,oh
In 1883
These figures certainly show an immense
movement for n short crop year, but It IL
The general opinion that the bears VIII
not have another chance to hclabor the
bulls with Tuch statistics ngain TINS sea-
son Possibly the movement Will he
rather heavy the coming weak, but after
that there will be such n drop as TO as
tonish those who are expecting compare
lively large receipts for some time TO
come.
New York futures opened quiet and hrm
with the near months few points up
and tho far months OF ! to points \
general decline soon followed, ana tho
closing WAS 10 points lower thhn yes
tcrtiay.
New orleans futures opened quiet, with
March and May contracts point M. Tho
market soon showed declining tendency,
and final figures were TO II points on
The American spot markets were gen
orally unchanged, with n quiet ana
steady tone. Sales We're ny 10 the aver
age aud mood spot demand reported
from all points.
Ia the lntost issue OF the Manchester
Guardian, lust received here, that au-
thority, after reviewing the statistical sit
uation OF cotton says; "Anothcr feature
of interest developed by these hgurer Is
the remarkable and almost unprecedented
effect upon the visible supply. In Janu,
AIRY, lSA II decreased AaoJl halcs, ana
in January, lSNS II decreased lldOOO bales,
Last year II tncff aaOd IN january lHAWW
bales THIS year 1t has decreased uttio
over 2D,W0 bales during January, leaving
the visible supply of American cotton
10000 bales smaller than IN 1879. Sbch
figures present a curious contrast to the
dullneSs and torpidty of the market. inc
figures all point 20 an autumn squeeze
unless larger shipments come to Great
Britain.
New York. February 2l.--iIubbard Bros,
a co.'s cotton letter says. II was ap-
parent M the op ming of the market that
the buyers OF Yesterday were prepared to
supply any dcmnnd for cotton which
might appear and the market quickly
fen on uutil Il decline OF points II arkcd
the extreme Tor the day A. tomorrow
is Il close holiday. tho trade ~ not will
ing Ia take my definite poslii IN, ltlicN-
ing that those who have been Identified
with tho recent reaction Will cldcavor
To close the market as high rs possible,
not WltllHldHn4nN We ihfFftef IN Inv HbNt-
ment at the interior towns Being with
out support during the afternoon. tnc
market closed stcndy NJ shade hotter
than the lowest prices or the day. May
closed NJ 7.CS; last year holiday. steady.
Now York, February 81 The cotton
market opened Irregular with near posi-
tOns showing an advance of 2pi points
and tho late months a decline Of 2qtI
points For the reg, Of IN. session the
market was fairly active on evening up, |
local and outside Interests In anticipa- |
ton of the holiday. and closed sfoady |
at net loss OF i0g points. Very little |
now business was attempted traders wish |
ing TO avoid responsibilities with the rnar-
in this country while having the Liver |
pool market open and subject u hangca
New York, February 2I-woelly rot |
receipts &G0. gross 20 i3o; exports TO Great |
Britain SIG. to Franco 1877; continent |
7iil forwarded gel0. sales lijs, apinncrs |
1855
New Orleans February Weekly net |
receipts 4l.l6S; gross Il as. exports TO |
Great Britain l2A7 France II $40. to con |
tinrnt 7sGs; coustwiso 7lS5; sales $3.50.
COTTON POINTS.
Tomorrow 10 Washington's birthday ana |
MI tho American cotton exchanges VIII |
observe the holiday Cables from Liver |
pool win be received MS usual. however.
Vaueht & Kennedy OF New orleans
wired II. II. Richardson at 1875 "a, m:
New York lighting disposition To nd-
v1lcc. claiming heavy movement today,
dun"
Houston expcctr 1910 to 1900 bales TO-