The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-23
COTTON MARKET REVIEW.
Liverpool's Failure to Respond Dis
appointed the Bulls.
THE AMERICAN MARKETS DECLINED,
spois Were ons.sixtssnth Higher 81 Cal
WESTON and Houston NO New FeA-
tures Wore Developed.
Office of The Post,
Hnustnn vt.as~.a.. q. ... -.

AASuotoh, wednesday,, january z.
Tho failure Of Liverpool to respond 70
the advance on this side yesterday was
great disappointment to the bulls this
morning. Liverpool futures opened ct a
slight gain, but soon cased OF, and closed
practically at yesterdays figures. Spots In
the foreign market we're up i-a2d, which
was about the only favorable feature In
the course Of prices abroad. The English
spinners report tho outlook from their
point Of view ms stili blue. They say
that as long as trade prospects continue
80 unfavorable they will be compelled to
pursue hand to mouth policy In rur-
chases OF cotton.
Tho statistical position OF cotton seems
to continue on the bull side. but this does
not help matters In the absence Of specula-
ton. Port receipts we're very light today.
being nearly 10000 bales Iess than on this
day last year. though 1000 more ,han In
1898. The semi-weekly report OF the in
terror movement showed receipts of q, 900
against 1900 during tho corresponding
time in 1893. This was another bull feat
urc OF the market, that failed to cause
any Improvement In prices toward the
close at New Orleans
Taking II altogether, today's market re-
vealed nothing Of fresh character. and
gave no indication OF what muy be ex-
pected In the future. The Aituatlan Is
certainly mixed. and the man who can
toll what the outcome will be has an easy
fortune within reach.
spot offerings were reported about the
Same tlrottrhunt A.,
pressure to sell NJ present quotations
Houston and Galveston advanced prices
l-lGc and buyers were enabled to obtain
n very good supply. with i5-iGc for the
basis OF mddling New York aud New
Orleans Were unchanged.
New York futures opened barely steady
to points of, There was an Improve.
ment on the second call. but the closing
WINS quiet aud steady, 8 to G points lower
than yesterday. March contracts sold at
HO5 early In the session, but droppcd TO
19S before the close
Now Orleans futures opened steady
nhout points off. Six points of this loss
was recovered during the forenoon. hut
another decline soon set In and the market
closed steady 20 points below ,estcr-
days figures. May contracts sold at sol
for the highest and 7.o5 lowest.
New York, January 22.-Huhbard Bros.
Co.'s cotton letter says. Adviccs from
l.ivcrpt oil were disappointing because OF
the large offerings from America. as that
market IN relatively higher than markets.
on this side. Exporters were disposed To
take up the March tenders on the basis
American markets. II could be done on
better basis than for many years.
Whether any effort will he made In this
direction VIII depend on tho position OF
the Liverpool market when the tenders
are made. The receipts Mt the interior
towns are lighter than expected, but the
movement at tho ports promises to ex-
coed the earlier estimates The semi
weekly estimate NJ the interior towns ~
q 900 bales. against 5000 bales last week.
with tho shipments estimated at 5000
bales and active demand for cotton IL
reported from Augusta and many other
Interior towns. Large selling orders from
the private warehouses broke the mar
kot In the closing hour to the opening
prices. Aftor these orders were executed
n fcw selling orders were received from
New Orleans The temper OF the market
r. bearish, Notwithstanding the continued
export demand which promises to reduce
our stock. showing this market to be
the lowest Of all markets.
Now York January 1.-THE cotton mar
kct opened lower under satisfactory trade
conditions In England and this country
Liquidation caused decline OF Aa1 points
and left the market without speculative
support 1t IL assumed that the spot
interest has been eliminated TO great
extent The Liverpool market failed to
follow our advice Of yesterday, with the
effect OF discoura cling the NUTS AT tnls
point. In the afternoon the market proNc
,lpon reports indicating a reduction oil
3. cent in the price of muslin. This de-
prcssed tho market. which closed Mt net
loss OF 3ri points after having recovered
the opening decline.