The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-23
COTTON MARKET REVIEW.
Liverpool and Continental Buying
Caused an Improve mcnt.
NEW ORLEANS GAINED NINE POINTS.
Receipts Were Very Heavy. hut This
Seemed without Benrish Ehcct.
Export Movement Continues.

OH.re oil inc f-tSN,
Houston, Tuesday. December ~.
Liverpool gave the bulls some encourage
mcnt this morning. causing futures to adj
vance and hold the improvement through
out the session. despite the large receipts
at ports and interior towns. Evidently
the bears have used the big movement
bugaboo until 1t has coiscd to have much
effect 1t is true tho receipts are ent rely
too large for bullish comfort. but as pres
ent prices are undoubtedly based upon the
probability of a 100000 crop. the bulls
contend that Il large movement should
not depress the market, whereas any de-
crease ought to bring about an Improve
ment But there was decidedly no falling
If ,sibe today. consequcn ly the advance
at home ana abroad was considered an
encouraging sign.
Liverpool futures opened lower. but
closed I-6iddi1a -6ii higher than yesterday.
Spcts were l-32d off, though at the decline
sales again reached 1000 bales. Last
weeks spot sales at Liverpool amounted
to Il 600 tales AMI THIS week they promise
to he fully 1900. There is also n good
fore gn demand at Southern markets, and
buyers for European spinners have pur-
chased heavily recently. The export move
r;cnt continues on large scale, the clear
sncrs in three days this week amounting
to lI7oOo bales, against $4,000 during the
same tine last year. II is expected, how
ever that spot business will be somewhat
restricted for the next ten days. due TO the
usual inactivity during the holidays.
The gain IN New York futures today
was points. January opened with SIS
bid. sold at G,15 for the lowest. but by
the second call had advanced 10 $50. Dur
ing the afternoon prices Nuctuatcd BE-
tu,oar 8 7s1,t so closinp ,t Il mas so nrainzt
- ~ '.,.. a,1 ~, On
o.'@d6." yesterday. March sou AT o."
early m the session, but advanced 10 Cos
Ia. t9.o, AMI closed a, qelfsg7
'S i-,V' an @''''' "
In New orleans January opeA'd Win
6.5S bid sold at ga for the lowest ad-
,-ancs1 IN & a bv II o,clo,k and closed n,
-, = ,.@.c a,..,,,. III,
o'oopbo' against p.iHHh4' yesterday. Mdrcn
va,cal 10 4 - before the clos, The DAYS
W 0''' '''e ~
gam al new orleans WIS 10 points
The Southern spot markets were gener-
allv s,toadv and unchanged
Hugh T. McElrov Of New Orleans
,.,, ..r,,.--. e,,,, Lea. o,,,,,,rt
WINES i''N'S iu' Sot'o.' "ie ~" ci'o"7"'
even a the crop Should yield nine millions,
ana as soon as the present teinr orary wLr-
like excitement shall nave nrtn aLayeI
the inherent strensth OF the cot.on pos
lOH VIII nave an opportunity 10 Hishe
~ well known New Orleans firm says
in Il market letter this week: Everyone
.axnects , ,,,,rl,o1 ,,titr,, of g., ,ha ,nova
"'"' NJ" 4'''''S VA ''' t''.
ment. owing to reports from the lnter-or
claiming that sucn VIII be the case. EVtry
year We hear that perpendicular drop
Will be sen in the movement after Jdnu-
airy J. but these Professions IN our expe-
Renee. have never psfore been Ne-!ned.
Deter aole 10 Judge Whether ms WI
pIosr an cNctpuoha seut' ~ uoupl Inv, .'ie
eplitimuat.oil q ne neanS in ,' ms
H4ouerate crop. ana II tecelp.s continue
otn 1 M ~ 49,. w tN
r. ',',;, -, ~ 49, 80 i.
Nc bd,e eb la tr5,snirs We ha e,,, ~,
tiIe dnvN sllS'tu 'lh,'S plLs VIC m.
good trade a marked improvement IN gnt
be realized"
New York Decc,nbc. % Tha co.to-,
market opened quiet Wad steady ut an adj
vance oil 10 pc nts, lnrther adv anced
TO points ana closed steady at a net "a.
vance OF To poinns me market ruled
T nsg ~ gu, lmere was me puy
IS 20 leii.n ~ tiie ~ - l'o'i ~
eoui,,; "tnerMlso triu,hg was oi d con