The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-03
COTTON MARKET REVIEW.
Spot Cotton In Good Demand at
Southern Markets.
FUTURES STILL HANG IN A RUT.
The Session Ended with Two 10 Four
Points LOss-Receipts Conipara-
lively smnll-ENpOrts.
office of The Post.

Office of The Post
Houston. Tuesday, February o
Cotton ought to 10 better" - the un.
versal cry. but the figures are hard 10
move. To-Day they went backward few
points. losing about all that was gained
Moniay. Liverpool futures lost Lila
i'9-64d. while New York and New orleans
closed . 10 4 points lower. The features
OF the market were the same as have
been dragged out and discussed day after
day for the past moHth Receipts We're
small exports were large and everything
bullish but the buying
The collapse of three-story build ng
at New cr.sllns tore down the telegraph
wires IN that city and interrupted the
markc, reports for some slime, but the
fluctuations were not of sufficient activity
to make their absence felt very much by
local traders. When the CLOSING, finally
came 1t was just about as every one cx-
pecjed. showing only point variation L,
about two hours.
Spot cotton is stjll at a big premium
| IT. comparison with futures. and the spec
ula,ivc depression has no effect upon
these values. High grades. mdi,inr and
alcvs morally bring lite more han est
anvthing below street low middlny is at a
discount Liverpool reduced the low grades
l-S2d today. Spot sales were large ut New
or,ta1s and other Southern markers. with
BUYERS anxious TO secure all offerings.
AT today's session New York futures
opened steady. with the first sale of
! March at 7.O5. Prices then dropped to 70l
advanced TO 1903 and closed at 7.O207. 0s.
against 7c507.W yesterday May nuctu-
atod between us and 7.l6 for quite awhile.
! then dropped to 7.l3 and closed at Elsa
7,l6, against 7,1sG7. 10 yesterday. July and
the months beyond showed IA loss of only
| points for the day.
In New Orleans, March opened at e.Si.
dropped to $50. advanced to 6. 81 and closed
al GSl against 6.S5Q6.& yesterday May
sold at 6.e6 for the highest and CSC low
est closing at 6,o3q6.9i.
Houston expects 1000 ba.es tomorrow.
against 1864 on the same day last year
The estimate at New Orleans is for 5000
to Cooo, against $3.50
c. Schwabe of Vienna. N schwab OF
Goldsboro. n. c.. and d. n. Harris of
Wallis. Texas. were visitors at the Hous- |
ton COTTON exchange today.
|
sinoAg feature of the marko. both in |
Liverpool ana on this side of the water, |
Is the continuet good demand for spot |
cotton. No matter how dun specula lion |
may become. or even should II disappear |
altoge;her the market Will nevertheless
nnuctuate bui In such CASES It WIN he in
nuehced almost entirely 10y the supply |
and demand of actual cotton. ! have fire.
qucnty pointed out that this feature Is
ne ne most potant, and as 1t has also been
tne most prominent recently. there Is
every reason TO feel confidence IN the
strength OF the market on It's own merits.
When SINNERS buy our cotton II IL he
cause they need Il or because they con-
s.der it cheap With our present pros
pective y."ld and the general estimate of
pleie the worlds stocks so materially as
to oTtn peoples eyes to tho fact thai cot
Ken Us decidedly cheap at ruling prices
Nheh We turn, however, from the sum-
ner months TO now crop positions The
latter appear doubly cheap al IN, discount
OF over &c now prevailing The new crop
mat sI,ne people are hardy enough 10 sell
me, ,ne fali months at rrces far below those
now ruling on the spot. If am not MIS-
taken. they viii have ample opportunity
10 regret their rashness.
New Orleans. February ?.-sccretorv
Hester's New Orleans cotto, oxcbanao
statement issued toicy covers the month
~ movement to the close of january.
compared with last year II shows a gain
for the month in round figures of si.om
bales. compared with year before last =,
loss of SON,0O0 and with 1891 a loss of rs C1O
III total for January was 7lOiss, against
b@os-a last year, l,0lg,i77 year before lasf | =
ana ISS,oSl same time n 1884
sab ne far a tba e, OF the crop brought into
10 January inclusive. y 1.i7i 93e over last !
rec Soo '.!.t.. mtlacr the year before last and
iirst or September to the close of .Ianunrv
inN.uuee l"t,tl receipt, al all United States {