The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-03
COTTON MARKET REVIEW.
Another Good Advance Made at
Liverpool,
AMERICAN MARKETS DID NOT FOLLOW
Comparative Movement Caused Rome
Weakness ~ New York aad New
Orleans Port Receipts.
Once. of The Post,

another advance In beth spots and fu-
lures. The opening In futures was steady.
with fair demand. and by p. m quo
,ations we're UP 3la-6id. There was sor,c
fuctuaticn about the close, though the
last call showed the English market very
steady at a gain OF +-e+d
The American markets opened at an nd-
vance. but closed lower. Tho weakness on
this side was generally attributed TO the
report of n heavy movement during the
last four months OF 1855. as shown by
statistics as TO the amount In sight up
to january l. The Bombay movement
was also quite large, while New orleans
wired expectations OF heavy receipts at
that port tomorrow.
Port receipts today and yesterday were
wav below tho nmut.nt reported on the
corresponding dates In 1876, and also less
than In 1902 Nearly every one in the
South anticipates Il decided falling off In
receipts for the remainder of the year, and
those who are figuring upon heavy
movement IN January and February are
quite likely TO be very much disappointed.
All reports are to the effect that there
liz little cotton left In Texas towns. ana
other Southern States are no doubt In
the same condition.
Tho talent ls unmistalSably bullish tust
at this time, and an Increased speculative
interest Is all that lis needed to keep prices
up. This interes, In the opinion of many,
viii be created by tho large purchases
which will be made by spinncrs. when It
dawns upon them that the greater part
of the 1896 crop has already been mar
keted.
New York futures opened firm at an
advance Of TO points. on the second
call the tone was bara,y steady, with quo
figures. There was a further decline after
this, and the market closed quiet ana
steady 3 to . points on March sold at
80 for the highest, and closed at S.1Sg
SIG, 0gainat Saifls.22 Tuesday.
Futures al New Or,eans opened firm,
about points up, and closed steady,
20 points lower than TUESDAY. The
highest for March contracts was S.i5, and
the lowest S.0i.
I.iyerpG9Sold ,o spots were up i.led, wito
I-I6c decline. Memphis. Galveston ana
New York were up Lice, while savan-
nah advanced Quotations S-lfr. Houston
irg 6@ bales New Orleans sold ei50 New
York 7ol5 and Memphis 400.
New Orleans, Januory 2.--secretary
Hester's New orleans cotton report
men, to December 81. The decrease total
OF cotton brought into sight is. with the
exception of December 1892, the smallest
for that month since 1857. Compared with
last year II shows u loss in round figures
OF $3.50 bales, with year before las, 2si.-
600 aud Is ahead of 1872 by 5000 The total
FOR l'ccomber was ! ISL 1850, against l,9sa,-
90 last year, ,B3s. 1888 year before last and
l.opS. 45l IN ls92.
he decrease In the amount OF the crop
hiougnt inuo signt IUr the Tour monLns
Airm etptenovr 10 December inciusivc
"ss =,uo.,ooo uiider 1857 year ojB.s-G unAef
'nc year uviuiu ia't. wiine an excess Is
thoMH Vi IJ,iIl over l6ss.
lac hONcn,rut IRON the first of Sep
ltinber 40 betrnlbvr 81 nuIuurs total a.
,tipts AT All omtod sta,es aenvcry porLs
OF o,tOo,oJv, against p,o-tfuo iast year.
1,l'l.ov' tne year beIVtu iast and a.o.c.Uuo
the hi me tiiilu IN 1857
Net over inu movement by railroads
across the Al,ssiasippi, ONO and Potomac
rivers bi5,olU, against io,,..s last year,
o'U2S2 year befOre last ANA 5ALo,0 eaIno
time In lSis. southern mni taklngS. eA-
elusive OF quantity consumed al southern
uutporis %ao.sol, against SbJ,i65 last year,
~, l09 year before ana $40, esi the s3Iaa
time IN 1872; and Interior sIOcks i'll excess
of those held al the commencement OF
the season o-1.ss3 IN IAs2.
These make the total amount OF cotton
crop brought into sight during the four
months ending December 81, 4,s3lH0,
against 6,ssi,6.S lau year, 5,46c0la year
before last and 4,00.i55 the same time IN
1892.
Northern splnners took during Decem-
Der 3l5,2si bales, against 35I 6J2 last year
and 5G9, $40 the year before. increasing
their total for the four months to l,035,sss,
against l,ilssiQ last year and POO l5l the
year before, This makes their average
weekly takings for the season bai3i,
against slTO last year and 5000 the year
before. forcign exports for the first
four months have been 2l69,iS5 bales.
showing decrease under last seaYon OF
1.33s,0i6 and n decrease under the same
period year before last 500, 102. The loss
In foreign exports during December COM
pared with December last year has been
t0l 40 and for the same period year be-
fore 2i2,72s. Stocks at the seaboard and
Twenty-Five leading Southern interior
markets at the close OF December were
Gar. 1s3, against /, sos. GA the same date last
year, and 1,70j, 2g6 the year before In
GLIDING port and Interior towns left over
Der OF bales OF the current crop brought
into sight during the four months, the
supply has been i2l. s2f. against l,23aIGS
lest year and 57G'Dis the year before.
Sl-l00 per cent OF the cotton crop had been
marketed and for the same four months
nn s ne as "a ana nd faop the "nd
time ~ 1922 the per centage marketed was
n $4,000
ard overland for -four me nths ending De-
ee'r her 81. 5n3 1900 against 5l3 s9-l0o
pounds per bale
New York. January Hubbard Bros. r.
Co.'S cotton letter; Liverpool responded
to our advance Of Tuesday with an adj
vance Of i-6i In their future quotations
and buying orders from Liverpool account
was executed here during the FIRST hour
by arbltrage brokers. Az soon as this,
buying ceased. the market eased Oft slow
~ under realizing sales until II broke
below last Tuesdays quotations. This de-
cline was based more upon the lack OF
support than upon any unfavorablc feat
ures except that the movement Ia Iaain-
oined above the movement Of lsg2 toward
which all eyes arc now turrad. The semi
weekly recepts are reported az fl.0oo l,ales,
ngbinst 300 bales IN 1899. The advance
In the past few days seems to have
eliminated tho short Interest without at
tracing any speculative supnort. Several
OF III. large buyers OF yesterday were sell
ers this afternoon. closing the market gas
points decline from yesterday The feat
ire OF the day was the absence OF out
side orders and the willingness OF the
South to accept the ruling quotntions
uniops the Liverpool market Is DECIDEDLY
unfayorable. the trade looks for a slight
~ higher market tomorrow. March closed
SIS. last year bt1.