The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-13
COTTON MARKET REVIEW.
A Decreased Demand From Foreign
Spinners.
lew ORLEANS FUTURES ARE LOWER.
Decline In Liverpool Spots and Futures.
Tho spirit Of Inv sstmont Re-
mains Dormant.
office of The Post.
Houston, Wednesday, February l.

Houston, W cutlesuay, fthuHry L.
The bearish element had the best OF the
deal again. Telcgraphc advices contained
nothing new ehat was OF particularly strik-
ing character, and today's weakness was
simply attributed to the natural result of
continued heavy movement, light demand
from splnners and talk OF Increased acre
age for next seasons crop. Liverpool spots
were 1-32d lower and futures closed at u
decline of ,sai-6id.
The half-weekly interior movement
showed receipts OF 5000 and shipments
1900. against receipts and shipments OF
1900 each during the same time last year.
THIS was considered II stand-on. and had
very little eject ono way or the other.
New York had no market today and
New orleans had all the load OF this
side TO carry. Sales in the Southern mar
kot were somewhat larger than hereto
fore, but 1t was quite evident that the
offerings were nearly all from the long
side The spirit of investment is sim DOR
nant, and unless someth.ng Of very pro-
nounced character is soon recorded 81
IS the opinion of conservative people that
values VIII he further depressed.
New orleans futures opened dun ana
with II declining tendency, some months
being quoted a point or so on. On the Sec
ond call February contracts remained Mt
yesterdays figures. but other months were
about ) points off. y stead.cr feeling WAS
developed during the afternoon, and the
market closed only to 2 points on. while
February was up point
Spot sales at Liverpool have been very
light so far this week despite lower prices.
Only 80 o0N bales have Laor sold In four
days, and the weeks sales Will hardly
amount to over $4,000. This shows q con
siderable decrease in the spot demand from
foreign sp:uncrs, and is quite a disappoint-
mont TO the bulls.
Tho American spot markets reported
much larger business than for some time,
New Orleans alone selling 300 bales, QUO
tntions were generally unchanged. though
Houston prices were marked down l-l6c.
Go conform to the decline at New Orleans
yesterday
y recent ISSUE OF tho Liverpool Cotton
| Gazette. after quoting from statistics fur
nishcd by Messrs. Ellison K Neil, says;
80 far as figures prove anything the crop
is not going to be a sensational one on
the top side, and the saleable stocks are
everywhere comparatively small and de-
croasing.
'rhc industrial position is not weak; the
adjustment of the Indian import duties
viii not cur.all trade. short OF war With
"A great nation the market could not well
be sat upon more Than It has been Two
things alone. 40 TAR az the cotton position
~ concerned. can alleviate the predicted
pressure or squeeze later. Increasing sup
piles or diminishing demand. Tho former
are not likely. The latter is q question of
price. Europe shows no indication of tak-
| ing fright i'm January at liqd-at least not
! IN the direction of shWting down her
| spindlcs,
"1hls is tho broad general position and
condition The outlook is clearing ana
/ would poesibly he more actively play ed up
/ TO were II moi for the faot that the most
/ of tho usunl speculative clement at home
/ who care to deal In cotton are already
| committed to some extent"
COTTON POINTS