The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-27
COTTON MARKET REVIEW.
Futures Slightly Higher in All Mar
ketS.
FEELING IN FAVOR OF COTTON.
Prices Have Bccn I'm Rut for sew
eral DuyS-FalI Months
Are Depressed.

houston, lutSldy, Sa'f"u's 80
Nothing new developed in the conditions
surrounding the cotton market at today
session. but an improvement of lha-bi9
9-6id n Liverpool futures caused CORE
sponiing advance on this side. New YORK
closed to points up and New orleans
advanced futures TO points. Spots were
l-l6c up at New York and unchangei IN
the South New orleans reported sales OF
1850 bales. and spots were ALSO III soou
demand at other points. Good grades are
n, a hr premium IN all markets, whrc
ANYTHING below low midibng IS hard to
soil Galveston wired that spotted and
slasnoi cotton was reduced isu3-Sc in that
market.
Port receipts and the interior movement
were quite large today. but both promise
to be small tomorrow. New orleans the
principal port, expects only 90" TO ooA
bales. against $3.50 on the same DAY ias'
year: Houston, the principal interior town.
estimates tomorrow's receipts at -V' 10
g2JO against 23S5 last year.
The steadiness OF the market during the
pas; few days. In the face of large re
CENTS, Is considered an indication OF
strength and shows that spectators are
SIN DUBIOUS as to the future movement
The bears are Juggling with the ran
months. but Il is quite noticeable that
March 10 August deliveries hold their own.
despite plague. famine ald Fell River the
shadow Of the next crop IS really AFFECT
ing only the next crop deliveries. These
can doubtless be played with for awhile,
but reports Of increased acreage large
sales Of Fertilizers, curly planting season.
20, do with cotton
that must he Obtained between now and
the first of September. If there IS plenty
of cotton to supply the worlds epnners
for the next nine months. then August
cotton In New York should be fully 60
points lower, or on a Panty with Decem-
Der. which Is now AZ points below August.
an abnormal position.
At todays session New York futures
opened qutet and firm, with 7.OS bid for
March. Prices advanced to III by 1880.
then fell to 100 and closed at 1901 IL.
against 7.o6fl7 ~ yesterday. May sold at
7.22 early in the session, advanced to 7,2o
and closed at 7.2sa72i.
In New Orleans, March opened at SIS.
sold up to 6.93 by noon and closed at 6.92f
6.9S, against s6a6S yesterday Mays
lowest was &c and highest 7,B, the latter
beng the closing sale.
The Liverpool Cotton Gazette Of the 9th
.nstant has the following AT home,
trade prospects. IN one Respect could not
very VOL be brighter. Lancashire today
resumes her place once more as the lack
bone of the cotton spinning trdustries OF
the world. Not for many years have her
spnilos hummed away to so profitable a
tune Splnners may not be heavily en-
gagged. but it Is only because they will not
be. with constantly Increasing margins,
not because they could rot if they would.
sons Offset TO this tranch of home trade
Is found in TIL reputed poverty of the
cloth markets. where the dual .nnueuce of
the hhbonic plague in BOMBAY and the
TOO. ne in other parts Of India are curtHil-
Ing, business TO a very cot siderable extent.
aNu what Is going through "a scarcely at
satisfactory prices. Whether the closing
of the BOMBAY mills VIII result In letting
loose larger portion OF East Inilan cot
ton for Europe than would otherwise have
hccn the case IS not AT present quite easy
20 Oct firmlne. but, apart from this. We
have advtccs of greater supplies available
for Europe from Inda than was three
months ago thought possible"
New York, January 2e-News at hand
before the opening this morning vas
chiefly bulish. English cables were arm-
or. Telegrams from Fall River came en-
courasing and private advices from South
crn spot markets showed a good business
Going at yesterdays. prices. The market
oIHhed atealy with near months 1ns
points higher ard distant months I'M
changed to Joints lower. Trading early
IN the day was fairly active. with the
leature huying hy houses with Liverpool
and New Orleans connections Specula-
tive interest in the market was almost
entirely professional. Al II a. IN. prices
improyed lHs POINTS further on atill later
favorable cables from Liverpool and q re-
Port that a sale of 500 bales of SPOT cot
ton had been made in New Orleans. The
afternoon session was steady. Trading
was principally in the hands of local con-
CLOSING VI npn No ,At,, -,
over last nights closing.
New York. January 26.-Hubbard Bros.
Co: say: Tho strength today was due
70 demand from spsnners and continent
al expo rtcrs for cotton IN the markets ami
conu1ued Inquiries here for suitable
grades To find exporters looking nj orr
stock in the month of January would n
other seasons be accepted as an indication
OF small reserve supplies in the South and
lave led to an act We speculation. Locally
there Is little disposition to look FOR an
inn cdiatc Improvement because Of tia
absence or sneculAu on. but the pressure
ON this market has ceased and instead
tnrope shows n disposition TO buy cor
tracts on balance OF transactions. The 10
nond for spot cotton In the Southern
nnark"ts vas me cause of the steadA,css
m the market at the close.
New York, January 2e-Without uails
from the more important interior mnr'
kots mere was very little business from
tnat source; There We're good number
OF buyers in the market, however, and
while their Inquire, were pressed win
some vigor the business that resulted
Is somaw ilat heavy for plain and hlcaehed
cottons, but sales are only OF ,noie,'a "
quantities. Printing cloths quiet mi tir,,
At "a for reguhr.s ~
COTTON.