The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-14
COTTON MARKET REVIEW.
A New York Statistican Makes ,
Crop Estimate.
FIGURES FRIGHTENED THE TALENT.
Prevented tho Very Light Movement
From Having Any Enect-Revtcw
by Hubbard Bros.
once of The Post,

Though Liverpool futures closed if@i-6id
down. the American markets would no
doubt have made an advance today had
not an unexpected factor appeared In the
shape Of an estimate sent out by one OF
the New York authorities, placing the
crop at 100000 balcs. This estimate was
made by Il. Il. Wilson, n prominent New
York banker. whose cotton statistics have
heretofore come nearer the mark than
those Of many other figure jugslers.
1t was this latter fact that caused tho
talent 10 ponder upon MIR. wilson's Hg-
ures. and many concluded their bordering
by decldedng TO stick to the shor, side
OF cotton for u whiic longer. Even tho
light receipts did not counterfeit this over
seven million-bale-crop hobgoblin. Todays
receipts were 1850 bales. against b3,ihS last
year, a3,05 In 1893 and 23,Si1 on Monda,
of last week. Such u decrease was GER
talnly builish feature. aud under ordi-
nary circumstances would have given
prices u lift.
New York futures opened steady. . TO 3
points on At noon the tone was barely
steady. and March contracts had dropped
to f'Hi against s.0i ut Saturdays close.
There WAS Il slight rally after this and the
market closed steady, about 6 points lower
than Saturday
Now Orleans futures opened quiet ana
steady, about 2 points or and closed h
contracts sold nj % for tho hjrhcst NM,
1855 lowest, closing at 7.Som;.9o
Liverpool spots were l-S2i lower, and
l2,oVO bales sold. New York closed at i-ltc
declinc, but New Orleans. Houston and
Galveston were unchanged.
4 Nav York aftprial rnnial ms IN, follow
,n,-. .rhe n,nxI,n,,na s,,'',, ~ ,, so,,
's' i"e maximum STOCK OF inc season
mas h'"n reached. Ihc disposition Us to
compare this crop with that OF iSg3 when
the Yield was Goo 600 Tho bulls point out
| Tint while tlic eunnl,. tn ,l,ht -, al l,r,i.
~, ,,,,,,, a., a., i,>.,i 4, cs,, o,, - -,
", 49," ~ ~ WIN ~ -'''F'" pe''s i'tS
.m"n III tNn' .h"se "Eures mean muoh
| more. owing TO the Manchester strike,
| which began In November and lasted lin
| Juno OF that year and tho normal i'm
| cr,,os, ia ,,,,,,s,,,,,,,,t,,, .t,s -, MI.
mus OF EUROPE alone are using $2'oop bales
week more than In 1873 for the strike
| America IL very much greater. no less
| thnn snveut,,.thrcc rot,on mills bnvin,,
No., ,,,,, e., ,,,,.,.,,, NJ ,,,,,. th.,1, 20
We" l'ut !" "l'"'n'."" WIS y'"i' p'N,ur9
| the additions TO old inills with all TINS
tremendous force making inroads on the
| diminished supply. the price Of spot cot
| ton in Ilvcrnool is actually le-3ed chce por
| thnu In iSa9 ana In New York II de IA. IA
! ',i''' ~. - 80, 'i,' ~, " IN, ~ u 49, Nv
o'''.iPu,, .''' "i'"'',' J." '"ltr'S u,"N','I
abroad"
Now York. January 1a-IJubhard Bros.
| a "a 20 cotton LATER s,,v,. since our en-
! liz, crnnn I5urnnn stnte Inc nnrltoi VIVA
| ur,fnvorrhiv nffcctrJ bv tho estimate OF
| the rrou issued Inv NTessrg r. r. Wilson
! A. cn ,yht,h indirntnd "A c,.nn Of 2 lSS 0a6
| h,l,,s Of COTTON Ns we "xpected n halter
! marked ia Iivernool our mari, ot naturally
! opoird easier and slowly declined. The
! d',,iinc Is dun to disnnnofntnrnt and th.,
| absence Of spcculalion I'm the staple.
| Merchants seem To agree mat minor riuc-
| ,,ntinns voui mi. "a so,nn ti,nf untiI
| ann, now fnctor is uresrnted To- attract
| mn ntttsiJo Investment I'm them IL is np,
! ur,.rnt ihn i,r,ssnnt conditions do nat nj
! tt,nt h,lvors and the question is simply
| what cotditions viii hrlnr them 10 cot
| ION Receipts arc light tho Liverpool de-
! mnnd good ana vet the spinner can sup
| rly himself abroad with hts cotton with
! lower prices than h, can buy on tho
] Il. attn .utN Mt