The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-20
LARGE PURCHASES OF spOr COTTON
European spinncrs Buy Heavily ON
Every Decline - Large Receipts
at the POrts-Lnndnucr's.
ONCE of The Post.
Houston. saturt,ay. peeember 10.

ncrs have been buying heavily on every
dectne recently. and this good spot de-
| mand Is; considered q very favorable feat
ure.
In the American speculative markets to-
days session was without new features
of interest The trading was nearly at a
| stardstill and fluctuations were within n
very narrow range. New York closed
with the active months to . points lower
than yesterday. while final figures ut New
Orleans ranged from unchanged to point
up. The spot markets were easier IN tone.
but posted quotations were generally un-
changed.
It Is hardly likely that there Will be
| much change one way or the other In cot
ton prices now until after the holidays.
The effect OF the senate committees action
upon the Cuban matter has doubtless had
it's effect for the present and traders Will
be inclined 90 wait until the post-holiday
| meeting of congress before making any
further move In ether q bearish or bull
ish direction. The receipts are being
watched closely. however. and toiay's
heavy port movement had great deal to
do with the general feeling of depression
manifested.
New York futures opened with 6s3 asls-
| ed sold down to 6.,5. but advanced 10 G.79
before the close. Final figures were at
6.7Sa6.7n. agalne, 6.79nG.s0 yesterday.
March sold at 7ol for the highest and
q 90 lowest closing AT G aya6 %
In Nv, or,o.n. 1,,ua,,, ,,,r,., -, "a
" ~" VI "'"nS' '"'"a'' Nt"iVp wv w.
soid down to COS. but closei Mt d.5ohS.oo,
the same "a yesterdays final figures
March opencd with Il "A asked fcu IN Il sS
before $3.50. but improved later in the day.
rlosir,r NJ 4 yogit
Houston rxnecta lgo mn to ~ o6o hales
uon,,,,, a,-a,,'.,, cos 80, ~. ',,,.
Mo""'iy' against e'se on ms same uay Ihst
year. Tho estimate at New Orleans rs
for II 900 To 10 COO npslus, ID fgg
Tho Deromhe,. cot,nn ,ircu,,r ,ssuoa hy
y InaY,a,,,n q ~, ~ I,,. $3.50 ~ ~
"a ., w. ieiuauer q ~ Oh LlNtrpool on
the II instant opens with "A DIS ,ussg0n of
the movement for the past three months
and then says:
The Ugurei for December are nrohallv
most difficult 10 estimate on account OF
the heavy movement wnich IS usuallv
going on In tn, 'nl"ror d',rinr ,bs I,vS
Weeks preceding the hsiiduys and rIsln
the interruption which naturally 1ol!uwH
general movement us III other years. Az
near as We can learn bv csb,, Ia. amount
OF cotton winch is TO come into sight FOR
tbs month we estimate at $4,000 bales
If This figure thea shvuli ptSye corru.t
IL would Eo TO show that 81 january l.
1897. The amount u cotton brought into
|
more than at the same time In 1894 be
ing the year when from the first we have
used as a coinpa rison OF movement, and.
lnasmuch as thut seasons Weld nruved ID
be about GgONU haIes ihe pr.ssnt ,.ron
would point to a total OF s,3gO.vy0 bales In
connection with THIS questioas YOU viii
likewise observe that Tho movement flr
Ja.ltiary during that wear was very Tbcral
ndced. aud We are imcllnel to believe
that the movement this season from Janu-
AIRY / on Will nrove hut norm.I for We
might moi 10 losn aipht az nm tn,st thai
Ind pre,ant crop was The earliest on rec
ord. ana the moy eineni both during All
"Under these clrccinetantes we see no
good reason 10 m Ike any materal chang
We can not be expected TO guoss at the
exact neure. we sr.,rreIv mink our csii-
mate Will grove much Sut of the why
within saw l66 90 To- ~ 900 bales
After diseussin, tn. Tasi Indian and
Egyptian crops ana The needs of ronsuinp-
ron, l.anjauer q 60. n.xt sneak OF the
probable course OF prices for The future
ana say In part:
:" 'Docturs may vet differ within a few
hundred thousand bales as TO The nit mate
sizs OF IN = cton hui this nftst ali i,Iys
an instgnificant role VIII We come "a ,x
anime NOR. closely Inc act,,sl unsition ~
the article First of All. YOU should con
slider that etght and d half million bales
barely represcnts eight s ana ouarter Of
last ysars growth and falrtherrnore that
there la IA East imam supply for I.lrupa
Son -rhnsa "" t1,res tfsn ~" firm ,'a Ia sis
of this YEARS. slppiv In conuin,.iiori with
Tho SURPLUS carried over on Sepienbar /
inst. which was the smallest for GONE
years past, AS a matter OF course. the IN
Visible supply held nv the trade So tar
az the sty,nning trade of The world IL con.
cerncd. - ukew Sc very small. and much
less than for years. III then. YOU need (at
the Isry leastJ a supply OF s s0l 90 baias
American. and. sny. 1850 900 bales East
Ind an. The clegtiofl o,-iaes where Ia such
To- COME from? The neSt most itnnorts M
s,ntistjcai nosl,,on NJ cot,oo laar ssasnn
was very strong and thst premiums o.
near post.ors began to bu fell more keen.
months uas.;esi On fhev became stron,ar
and stronger. and al one time ociobsr.
November dcliyerv Was selling ~ below
tho p,ire of emit cation vel Wien octoh.r
came around u,iythlnp IKE decent cotton
was sesdnr in I,fvernooI n, lisd ab,ve tha
pr,ss al which Won uligbI have houpbt If
N fdci1tt 10 s.,, al ,vb at ,,,,. ,,oi,n,, ,,oN,4