The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-31
THE coTTo| MARKET.
Some Conservative Remarks Upon
the situation.

| some remarks Upon
the Situation.
| I, z. Glenny G. Co. of New Orleans say OF
the cotton market
| 1t looks as il Liverpool IS beginning to pay
more attention TO the movement and to her
own bullish statistical development than 10
bear estimates and occasional easy markets
on this side. --.
II seems to us that present fluctuations
make little difference in the hnal course of
prices, though they are We'll worth consider
ing for quick turns Supply and demand and
the many considerations by which they are
affected and governed will be, as always the
real key. Time may yet bring forward the
ample crop promised to English spinneis
but time is passing and we continue to fall
behind the comparative figures oil the S,750,000
crop.
The lack OF export demand. which is now
improving. must indicate correctness, TO some
extent. of the theory that the small port re-
ceipts do not fully indicate the crop, but
there seems a great deal of latitude already
provided for an increase by the present ratio
Of the movement hardly indicating 100000
bales.
What we can not understand is SO many
of our friends reporting that the crop -
freely marketed Granting that the South
has the money power TO hold as enormously
back as some contend would she do 1t If
each man saw his neghbor doing the same.
and are there adequate storage facilities in
quantities without ntruding them upon the
public view?
Some good business men still predict enor-
mously increased receipts and their opinions
ginning to ask them 10 definitely point out
where the cotton is.
The Rice Market.
Dan Talmage's Sons company New York.
say Of the rice market:
rather down TO retail proportons buyers pur-
chasing the least amount possible to piece
out wSh until after stocktaking. In conse
quence OF the slackened demand. goods are
banking up at this port, receivers made rest
i've because of being compelled to store, whe,
they had expected TO sell ex-steamer Be
sides the natural indisposition Of trade 10 act
at this time, there can be no question but
what the recent financial shake-up has had
a most SOLDERING effect, tcnng down the OAR
ing and making the conservative cautious, al
most TO tho point OF timidity. In some lines
the monetary apprehension has already weak
cned values. but so far as rice is concerned.
with prices l2c TO q per pound less than
equal foreign can be imported at, there would
appear no good reason why there should not
be a sharp rally Immediately after the open
ing OF the new year Advices from the South
note essenlng receipts at all milling centerS
and light demand in the southwest. There
is however, very strong ulldertone in the
last mentioned quarter, due TO millers get
ting together. hoping by cooperation and
concerted action 10 bring about some i'm
provement in the matter OF prices which
more recently have been far from satisfying
to the planter. This attempt 10 realize fair
values. may be further ASSISTED by restrict
ed supply; many planters having first quality,
rough. holding firmly at s400 per barrel and
their determination 20 obtain
such figure even If II requires the carrying
OF crop until the early summer The plans
above referred TO do not include the Carolina
contingent ard for this reason II Is possible
that the objects in view may fail OF success.
In fact. some of the larger planters along
tho Atlantic coast say In substance; In the
past. we have held the umbrella while Lou
isiana got out OF the wet, but this year will
exercise our own pleasure in the matter Of
Cables and CORRESPONDENCE from
abroad note holiday markets. Business re-
duced to minimum, but prices firm.
Tiimage New Orleans, telagraphs Lonisi
ana crop movement to date Receipts rough
7s4. )6o sacks; last year $1,000 sacks. Sales.
cleaned festimatel 1850 barrels; last year
124.l50 barrels Market falling away In de-
maid scarce one-half equal period last year
T;,lmaae Charleston. teleyrapbs Carolina
CROP movement to date: Receipts rs l5o bar,
rels sales 24.2so barreis- Only fair Inquiry
prices firm.