The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-03-15
COTTON MARKET REVIEW.
The Worlds Visible Supply Shows Il
Big Decrease.
FUTURES HIGHER IN ALL MARKETS
Only n Slight Advance at New York aud
New Orleans, But a Very
Steady Tone.
Office Of Tho Pose.



Houston, Saturday March il.
Futures were higher in all markets to-
day and spot quotations were firm. No
especial cause was assigned for the ad-
vance in local telegrams, consequently 1t
was simply ascrihed to the strong stats
teal position. Liverpool futures recovered
nearly all of yesterdays loss, closing at
a gain OF to 3-6id.
The worlds visible supply Is now 1906
59i bales less than a week ago. and these
figures alone were sufficient to give the
shorts a bad fright. If such a decrease
as this should he repeated for several
weeks the visible supply would soon be
a startling surprise to those who think
there Will be an average stock OF cotton
on the market when the new season be-
gins. In two weeks the supply has fallen
off something over $4,000 bales.
At this time last year the worlds WIS.,
ible supply was 470l,22S, having decreased
536Sl bales during the week. The supply
now Is 3599,93 bales, showing a deficit,
when compared with last year, of l,l0l,-
Dos bales. Compared with 1898 the deficit
is Az, 800 bales.
Stocks at interior towns decreased o..
while shipments were 5000. The total
interior stock is now $4,000. against $685.
900 last year and OOo in 1898.
New York futures opened quiet and
flrm, TO 1 points up, and closed very
steady, to 3 points higher than yester-
day, with the exception of November and
december quotations which were the
same as yesterdays close June sold at
7;5i for the lowest and 7 ~ highest" the
fluctuations being very narrow during the
short session
New orleans futures opened steady, /
TO points up. and final figures were 10
points, up on March, while other months
ranged from > 10 . points advance
Liverpool spots were steady al an ad-
vance of l-32d, 5000 bales being sold. There
where no changes in the leading Ameri-
can spot markets, but the tone was very
steady at nearly all points.
Houston expects hoo 10 1900 bales Mon
day, against 24g7 on the same day last
ceipts is $500 to $500 bales, against 1850 on
the corresponding date in 1895.
Clapp & Co. of New York say in their
letter of March L.: The visible Septem-
her |, 1894, was 1,5S9,4Si bales If we add
TO 1t the two following crops, the two
years supply equals about 5000 900 bales.
which is far in excess Of any two years
consumption on record. The visible sup
! ply last September was 2,39L73S bales; the
average for seven years previous was
| visible at the close of this crop year Au-
| gust 81 next. VIII not nearly equal an
| average. SpeculatiVcN speaking, after
| such a severe decline it's but natural A
| moderate advance Is likely even If prices
ale to go still lower later in the season.
| Receipts are expected to show a falling
| off and the export demand may increase.
| These features will likely enthuse many.
| and may create Il bullish feeling and per-
| haps cause better prices, even though
| the acreage will be largely Increased and
tIn sail l,a sl, ,rt
| interest appears to have ovcrioue things
| partially, as did the bulls last October.
while those bulls and others have liqul-
dated, leaving the market at present In a
more healthy position than for many
months. Evidently the disposition OF
spinners and the volume of receipts will
have more to do In debating values than
for some time past"
New York, March 1.-THE cable news
showed much better cotton market al
| Liverpool than had been expected. The
| local traders had rather oVersold them.
selves and the English news made them
cover. Receipts at savannah and some
other points looked "A little heavy latsi
| and most of the 2u3 points advance Becuret
| on the first call was lost. Later the mar
ket turned firm on local covering, as the
| shorts were afraid TO take the chance Of q
| bullish bureau crop report today. 1t !,
expected that the movement this week /:
| TO be small one, current estimates point
| ing TO a total OF 5000 bales. The market
| closed very steady at an advance of Ia
| points.
| New York, March 1i.--TIuhbard Bros. &
| Co. s cotton letter says: Notwithstanding
| the general belief In lower prices in tn,
| future, our market closed today steady II
| the best prices. under buying orders from
| Europe. where a more cheerful view OF tn
| situation is prevailing than that curren
| IN the home market. Whether this ad
vance will be maintained depends entircl.
upon the strength OF the foreign belle
| that the statistical position of cotton Is 81
strong that If spinners only take thei
| daily consumption from now on the suppl,
Will be reduced gradually, so that, despit,
| the prospects of the growing crop presen
prices Will be maintained.
New York, March n-Drv goods
| Weather conditions were of a character [,
make the demand for winter goods In
crease. As usual to the close OF the weet
there was lesser demand in the jobbin,
departments. The outlook gives evidcnc.
oil improvement, priY,ng cloths dun vii!
sales for the waok at &c 900 pieces 81 sauar,
at ~ and $1,000 pieces odds.
HESTER'S FIGURES.
New Orleans, La, March l4.-Secretar,
Testers figures on the movement at in
terror towns are:
Receipts this week, 2S.Gi6 bales: las
I'd IA H.aA1r