The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-15
Rumored That Ncill Miil &c Ont
With a Bcarish Circular.
CAUSED WEAKNESS AT LIVERPOOL
small Port Receipts and Large Ex-
ports Gave IL better Tone TO
the American Markets.
Office Of The Post,
Houston, Thursday, January IA.

circular. and this is sad to have been the
cause of the decline of li2-6id in that mar
kct NeGi's last rred!ctlon was for g,l0O.-
90 bales minimum ami 9,2j0"0 maximum
as representing the United States crop.
I Wilson's estimate of Si7i.poo bales. K ven
out tn, 8 lay. represents the 9th extreme
| Con.t rvltive men put lt,le confidence N
| other of these estimates. Nor was the
cotton world startled by Lanes letter.
| published this morning In which crop
| o.. s.lt9.eD bales = coniid ently predicted.
| Mr.. Lane Is the gentleman who advised
Southern farmers TO hold their cotton last
September when 1t was sell ng AT some
| thing over cents In Houston and New
| orleans.
crop guesses arc having very little effect
upon traders at this tine. Neither do the
actual posted statistics Of daily receipts.
| sales and exports seem to have much
weight Facts and figures that are I'M
douhtedly bulish hardly cause ripple of
excitement II the market and the dUllness
seems greater now than 81 was durng tive
| holidays. Today there wore many strong
features IN the market which managed
70 offset Liverpool's weakness. though the
total gHin at New York was only to .
| points and at New Ortans to points.
Receipts. which the bears declared would
| be large this week. are proving to be
exceedingly small. The United States
ports had only 5000 bales today. or 5000
less than on this day last week and i5Oo
below last years figures. The total port
receipts TOR the week prom se to bo only
1900 bales. while exports have already
amounted to l9s00O. Tn $ season the
United Statcs ports have re Owed 10000
bales more than during the same time
last season. and yet the exports have been
so large that port stocks show an excess
Of only $500 bales when compared with
the atpount on hand al this tine last year
This excess Will very likely bc wiped out
tn day or 50 and then stocks may dw!n
die randy,
At today's SESSION New York futures
opened easy and lower. 7,03 beng bid for
March. From this point the market ad-
varccd to ,.0S before the second call. then
fell back to 1908. Toward the close prices
improved RAPIDLY and final figures on
March were 7.09d7 10. against 7.osa7 %
lay. May sold at III for the lowest
amt 7.2 highest. tho latter price beng
asked on the closing call
In New Orleans March opened at 6s3.
sold up to G.SS, then fell to 6S4 but ad-
Ndt'cH again curing the afternoon. clos
ing ~ d.9op6.Hl. against $500 81 ycster-
dnv N,,, ,ola , :, ~, o.,
n, h,1,1,s.. .,'' io' cue 'o"oH' ""n
~ -" the "st through can
I.0i Was ask II for May
80 S"''S III ne" orleans today were
$3.50 hllcs: yesterday they We're 5gCN, fun
''''' "o.''h ""'h'he" vaVh dIS' ac~
cord ng to reports from that ms rket Com
incu HS upon the spot business, Hugh
H. Mcf.lroy of New Orleans writes;
Il can not impress too forsblv upon my
dcruand from consumers When thcv f,te
the cotton It 5 to work ii up into Ioot,s
and they buy it for one or two reasons-
made. or they consider present mr.. rrs da'
f tntN u, taEe; u is certainly a very hulliSh