The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-02
COTTON MARKET REVIEW.
Statistics Are Bullish But Buyers
Are Timid.
SLIGHT IMPROVEMENT IN FUTURES.
New York Closed Three to Four
Points up-LarGe Exports Con-
time - Foreign stocks.

I
next crop Is an uncertainty and the pres
ent supply has evidently reached sis max
mum hgnres' Nhdn tho bulls talk less
and buy more, things wiil take n turn.
Cotton was cent pound higher IMAM
rreson. figures at this time last year. and
the Conditions surrounding the market
were not one whit mora onii sh.
| That was the way one of the local look
ers on viewed the SITUATION tbs NOR hng.
| 1t Is undoubtedly fact that cotton holds
a very strong position at TINS time. and
| If February receipts Continue on the snail
scale seen today 1t VII be d4fhcut 10
hnd any bearish arguments OUTSIDE OF
Bombay bubonics and Fall River fibs
Last weeks exports as given by sunday
Pest. were 1900 against ll5'Vn last year.
In TWO days this week the exports hay
been faAy 2o'o~ bales in excess OF the
CORRESPONDING dates last year. proving
mat TIE foreigners are SIM large pnyers'
ENports nee september have been Alb
pp ba'-s. AGAINST 2'W6'oo Tor the same
ttne .ast season.
After February l last year exporters
took olt in round numbers 100000 bales.
The total European stocks. according to
the CT ronicie are now lSli,VV bales,
49, ~ 1850
that IL foreigners would want at least
season when tbev wcra s,,,sa Inv fbn az.
nearan,.a Of aoo o10 h,les in Autust q,
Nh. hans of las, va,,.s wants exnor,s this
season viii apnroxtmate e.2oo.e,o bnles
which Hould leave 2.59o,oaO bates out OF an
$4,000 bale crop fer the American spin
,,ars--r,, ma, too much
,,,,, na,,i,ar ,,.,,1 r,,,,r.., ,o,. e,,.,,o
nut "e'ther taclS' hHures nor feorica-
tons have amy noticeable effect upon the
,,.,ri,,, ro,c r,d,v ,boro ,y,s a su,.bt
-
lm-ToN'ment IN futures, put not enough 10
MT prices from the stupid nut they have
l,,,. 70, e,.r f,,li,. , month r.v.,,,ool ~
-,
Nane"l --04d' New FORK 10 points ana
New O riealis to , points. Spots We're I'M
,.t..o,,..i >, an ,,,,,l,,g
80 va 80 NC
80" loiN iutu'tS opened V"itt nl'
n,n " tn Z .0G b,l for March. The highest
s,In Wa o, oS ,,c ton..s, a., ~ o,a
W '"'e a. | "''u
l"e c'"ins "@f''"' against '.o59 49, s@.-
urdaY. May huctuated between 7.l9 and
~ for several hours tb.n foil to :. Is and
- '''' ''''' 40 ~ ''' 49,"
c'osei at 7.lSb7l9,
In NV orleans the first sale Of March
wa. 1t x tho hi, hes4 ot = "a arj fin.
a 80
'''''N 0'''fo'''' "SIliS' o'9'H'.' 9i'ui-
IaV May started with 6.% nd sold at
: M soon tb,r,af,ar ian, fou -, +, ,s
- e'-''e'' '"' ie'' ~ $50
houston expects 9'n TO ''oU oale5 TO-
''o' i'", AGAINST o'0' on Inc s@ihe day ia~t
60 ne e9''''''i'e ~ ~" orleans - LOT
'''O 20 'V''0'' asH'''S. l-,'t'
Hugh i. AlcFlroy of New Orleans writes.
Considerable Interest as nov ~ 70 ,tis,s,,
in the new cr1p posit lions which I've LII
ing approximately about % pc i,ts Under
my mind there seems no rclso,a Tor this
discount, SIMPLY because. eyul with
crop Of N.750oc0. the Who.e ye.d VIII he
~ .dod to meet spinners' rcqu.r-fnrnts.
leaving the same 6Nceeiinrly small sur
plus al the end of this season as * sized
N Sertomb-r OF last year Under such
why the nav cron rositSo,s sbo,iii IN ~
worth less than the old. Ii IS only whom
On tNces7NG SurpiuS hangs over the mar
NIt ma s4ch duterenees are Justihablc.
,ulp' nm me- ~, idNoF "i pmyllg IN me Fate sum,
eXpect very small stocks to reiaia m th!l
country about that time, but ! feel more
lto'ntI to advise the purchases of the
new er2h pos tioas az any discount. ana
YSpeS any Al such heavy enc | do not
n nstH lms present discount viii long re-
tl ,,, anu alNlSe my trl'l7ds to take ad-
it''"NT VI Ine preStnt absence of specu-
~ t,on 70 NY lpw crop- as "a revival of
ib',r 80. Wiu naturally draw attention 10
onncli reatiNe chelpnass and thus bring
"oil'hS thin IN the near positions.
, 'epluaty l'--lhe apathy of
me Hew York cotton market Is apparen.
in the exceptionally small totals for ,n.
ture deliveries orl,, & ono 49,
kct oronod w.. ~. o''.y os'op Dalos' me mar
""' oiehed at an advance of 10 points
On better cables than expected and eorly
for the week no ma rio, - we ports
reports OF competition between ax S,,oM ~
aud New England spinners for i'si,.' Az
sMdes ans SPOT cot,on in the so,,r -n!e
markous. AT tho same time nan b 49,
ADV ices Indicated "a Irm thonth ,'.,.
district But speculation was sH' very 1Iy g sIs
quarter
local iiGula,i5n bip f' th prlcei followed
came UP lille ana eli, cos tlr aset aF an1
S''N"S ~ Il nc ADVANCE of points
Nav Vol, ,..,