The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-05
COTTON MARKET REVIEW.
The Year Begins NTH a Decline IN
Futures.
SP0I PRICES ARE FIRMLY TELD.
Two of the Southern Markets Au-
vance Quotations--iivcrp F"-
tures We're Disappointing.
nfece Of The Post.

Cotton go; push downward as NoT
Years start. Ncsr.y all the advance re-
Corded on tho last day Of i&d was lost
during the FIRST days session In 1871. Ahont
the only reason assigned for the decline
Was the fact -bat very few spectators
I wanted 20 buy. while quite a number we're
ready 20 sell. There WIS .t;le interest IN
( he market however. one way or the
other The o.. SIDE demand j. very limited,
while tho regular traders are waiting FOR
some new feature that may serve as a
guide 10 the future Of the market.
Doubtless the main hesi,ancy in ;aai3E
| ho.l tO1-E MAS due 70 tne uniaNvIdol1
action Of Liverpool. That market started
with futures SSH W. bui Closed oniE ig-5iI
e l-5id higher tran lhn-s Jay, Spots were
l-5.l 10 lilo; uq however. ana -pot sais5
amounted 10 i-.np bales. Ne" lorN ana
below las; Thursdays final figures.
Despite the loss IN the speculative mar
kos ,pct pr.c were firmly held through
o.. the sou ln and sales We're quftc large.
Galveston and Savannah even went so Tar
as To advance spots l-l6c.
There was nothing in The statistica! pO-
/ s.ton 20 justify any uecAn" IN prices 70
day hough the hears seemed 20 think
that the port receipts were rnNreiy 100
large f4r hUg.~h comfort. These were IT,
np bales less han Tor the same day last
We u, however. aud go bales Of thls to,Hl
We" uneNpec,e1 c.car9nces az fehsaeoIa'
posi ihai is1'l Included N the daily re-
por' one" lH six Ne-ha
A. to4av's session. New York futures
opened witn 7e5 bid for March. ami soon
aiysu 80 789. Th.s proved he crl-
80 Nra ~ ID. .rsl ~ : ~ Tho 10
Xxi" 9I.ln.,s,i ,,,r@a.,hatii no afternoon.
s-i ISL a,i,-is -. 4 q.,l,,qI against
.risia ~ ga ~, 81 ,arIv
ma" Zoo li,f froiSpcd 10 ~ by HE
anal r4u
in Sew orleans March opened with 6.S2
i,.,rr.i IN X - hy noon -rbr closinc Wa
st,.,s~ ,9irs. s7oq,t-i Thursfav
MAY 500 ~ about the, opening, but
"oiiei 40 $50 nelole '"' o'oSs
Houston exrocis flO to 100 bales TO.
! morrow, against af-N on me same day last
wear The Ituata AZ New Orleans l. for
.ai3 20 l1s2', agaia9' 95o2
%. W. Clapp & co. of New York write
.g'9"s. ''''''' l',i,e 'e.
mani always leads market upward more
lo.y the VIII theories of amateur specu-
lAtors' VINO seldom have ke'ch' for the
eosN hee! of commerce as prices move up
ward TIN. pes.;Irr,satir feclint- in the cot.
ron fra!e. cdu,ltI with ,iisels, since elec.
Ton lni ahsrnce Of aggressive demand
Iii $ areat 't.,.i.ro. ami ronfideuce In values
again come ..o il,. front .arfv in 1881 MIR
D. ~. Clam Tor many Years q M, N, no. >.
of .he Nsv York cgfton ana prodtice ex.
changer predicts better prices ana ADVISES
pgr bases OF March cotton"
N.w Or.-aus Jaluar,- i--se ri. 1rv Hes
-. .,..,.., ,.,,,.,,,.,.,, t.. -
woe 20 7''''"'S''' 'ss"r'' '1uHS VS'c''s
inc ""n,hly movement 10 the close OF D2-
ccuier and the weeks figures 20 January
,,.,,s.,.. ,o.7,,,roa ,.,.t, ia. - !,
Va W." go ~
ures OF 222 no bales compared with year
before last loss OF 1000 and W tn 1924
/ a less Of $500. The total Tor December
was l.5Sl.5OS against l.S69,5l3 last year,
| l@2,3i5 year before last and l,G3S 4S3 N
| Ike.
The increase in the amoun. Of crop
| trout.l,, {r., a-,l,, eor ,,,. co,- ,,o,ts,
! ''' ~
| IRON SH'' 'per 10 December inclusive Is
| Ss>.3l3 haies over last year. deer ase
| ~ bh..llu uud yolr before has. Wh.l
au excess L. shown Of >fd 81 over lsG.
| The movement from tho tirs. OF : -ptun-
! bcr go ih. clos Of Dcremhcl Includes total
| = -e DTS at ali limited States q very port
| OF 1889, $50 aga nst 3.47S.1N last yclr g..
| ioj year bcfor last anl 4,l71,6 same / me
! a6l2'2. aga us ,4s.5lJ last year. s. 29S yaii
| seigi las. ana 1,2@S2 same tint In 1873.