The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-30
COTTON MARKET REVIEW.
Nearly All Of Mondays Loss Mas
Regained.
LIVERPOOL BETTER THAN EXPECTED
II the Movement should Decrease
Prices Would Advance Rapidly. H
New Orleans spots Higher.
Office of The Post.


Liverpool futures were better than en-
pec;ed. port receipts were small ans the
spot demand at Liverpool and in Southern
markets showed Improvement. These
| facts. together with the growing belief
| that presen; quotations discount all bear
Ssh Predictions and assertions, caused
| higher prices at New York and New Or
| leans today, the total gain being l2QlJ
| points. The sale of 1881 bales to splnners
| at New York also had a bullish effect
| upon the market and was considered a
| very favorable feature.
| Tho bulls are now basing their hopes OF
| al advance upon a rapid falling off In the
daily receipts after the first of January.
With prices depressed nearly . cents on
| me expectations of a monster crop. they
contend that when the movement begins
| TO point to a yield less than nine million
bales. values should improve rapidly. TAX
| ing 1t for granted than 6.35o00O bales will
nave come into sight by January /, and
estimating the total crop on the average
| per cent G2g6) that came into sight for
the iirst four months during the past thr.
teen years. 1t will be seen that the United
states yield would be about 500, 900 bales
with the small visible supply that began
'ile present season. and with the next crop
an uncertainty. it. is very evident on such
! IN outlook that SIS is too cheap for cotton
to be delivered in New orleans next May.
but should the expected Perpendicular
drop in receipts be realized this year
ana the yield be thus cut down to about
S4o'ooo bales. as is confidently expected
by many bulls. it is difficult to see how a
substantial advance could be prevented.
About the most unfavorable feature Ia
the uncertainty of the business situation
me numerous failures throughout the
country are having depressing effect
ana the present stagnation in trade. espo-
cillly in the United States. may cause a
decreased demand for cotton at milling
points.
At today's session New York futures
opened firm, with 6.S9 bid for March. b,
noon the market had advanced to $50, and
the closing call was at 6.97069s against
6's5u6S6 yesterday. May sold at 7.o3 early
in the session, but advanced to 7l2 by the
close.
In New Orleans March started with 6.6s
bid. sold at 6.63 soon thereafter. but adj
sanced to GIL irng tho afternoon. Final
figures wer, at 6.73a6.74. against 662G6e3
yesterday. May sold at 61S for the lowest
and G,SS highest.
The American spot markets were very
steady. and an advance of Lice was re.
corded at New Orleans.
.'"i' H. N'oiet' ot New orleans writes:
For the week ending Friday next. the
present indications are that more cotton
VIII come into sight than for the CORE
spending wee! the big crop year Bruno
WICK mas 1900 bales awaiting clearance a
loruoh OF which Will probably appear this
week. II is difficult to reconcile the con-
lhuec heAVy movement with short croo
IDEAS. and the market is IN no condition
,oo,fn ,..c'S rs my COMBAT any depressing
md +, u.,li ne ne, eienu mas oeen downward
"nco 70 nbac etN =, soi''e couhteractihs infit-
~ >''reN IT,
New yorl Do,.,..1-- 90
e., 0''''1' cotton CLOSED
.'' 'D' d Ho' ADVANCE OF ln"lo points. The
opening was firm and with slight roslc-
ttcns Cables showed a hotter toro ,h.r
expected o,1 M, c,'a,,,. IN .''''
houses Wore good buyers. Port receipts