The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-07
IN The COTTON MARKETS
Statistical information from the Exchanges
Of United Ststes and Europe.
rAXAs CROP NOT As LARGE As EXPECTED.
This was = strong Feature and A.
sisted I'm the Advance-Big
SPOT snlcs in Liverpool.
once Of The Ps Il


The Texss movement lis much less than wa,
expected and was sore disappointment tc
those who have pinned their faith TO bis
crop. u
Tho into. sight to January was 2,1s4.4s3. Of
which Houston received upward of 1000. 900
or 7s.4 per cent. Estimating tn, amount IL
come forward ur to August y at a33.t0t. the
Texas crop for 's5s-as would be 3.7lTaS4.
The posting OF these figures together with
a small estimate for tomorrow and Gales Of
$1,000 bales on the SPOT in Liverpool was q
! strong buIlish feature and the American fu.
trre markets responded by a good advance
Spots also felt the stimulus and Hrmed up
though closing unchanged.
Liverpool closed about is-s4d higher than
yesterday. New orleans 8 to { and New York
I to s. points up.
Compared with last Friday New Orleans II
UP 10 10 points and New York to 6 points
Receipts at ports for the day were 39,114
against 1851 last year and 1925 In 1895. For
the week 2Si9S5 against 2?3,SSs last year and
2is,e0l in 1895.
Houston expects tomorrow 1900 to 1900
against sb62 last year. and 1928 In 1895.
New Orleans expects 10000 to 10000 against
l7.o6s last year and 1866 in 1896
The visible and into-sight movements are
given elsewhere.
y. W. Hunter & Co. say of todays cotton
market: Liverpool's spot business of 5000
bales. the best that has been done for weeks.
and advanced on contracts, was readily re-
sponded to by an opening advance of points
on this side. which was further increased
points In New York and points in New Or
leans. The latter market was particularly
strong and active. May sold up from o.. ~ to
sS5, broke to 5.3l and was up to c33 again;
tba n tyt nntn to-day Nau nrlI yyas I
points higher than the lowest Of Wednesday.
Receipts ran light again today and there was
covering OF shorts and good buying for Wall
street account in New York. The o-siEht
for the week came somewhat heavier than
expected. running 5000 bales ahead of this
week last year, hut the recession of to
points which came on the posting Of the
weeks movement was recovered before the
close. There were heavy rains pretty gem
orally throughout tho belt and Vicksburg re-
ported fall of nearly 6 inches, but the fea-
the strength in New Orleans. was Hester S
figures ON the Texas crop. He makes the
amount of cotton which left Texas UT. to De
ccmber 81, 2,os4,3s7 bales, against 2oso,so7
last year and 2.32s, 147 In 1894. The amount
coming into sight Is 27S, 1873. which is 100000
to 100000 less than expected by people who
thought the crop would be from 100000 to
4.0o0,ooC IL the movement for the rest of
the season is the same as last year the crop
VIII be 3.1l1,4S4 bales, but, since the publica-
ton of Hester's figures, 100000 bales Is the
popular estimate of the total Texas crop, as
hardly any one thinks that the movement
for the rest OF the season will come up TO
the movement of last year. The above figures
are regarded as very bullish, and good judge
OF the market say that they are worth at
least 20 point advance.
Cargil & Richardson say of the market:
The amount Of cotton to come into sight In
Texas and the Indian Territory for the first
four months OF the season ending December
81, according to Mr.. Hester, is 2.7S4 433 bales.
Considering that we receive the same amount
after January l. as last season. the crop will
be about S150.000 bales. New Orleans says
the figures are some less than expected. The
cotton markets ruled firm today. sellers hold
ing off and buyers somewhat aggressive. This
is due to the lighter movement. Estimates
ior tomorrow were 10000 bales less than last
year, and Dor. receipts about the same rs the
corresponding day last year. Spots were
mere eagerly sought, the inuuiiy being more
general and at better prices The market was
quite well supported by the same class OF
biyirg that have been absorbing the offer
irEs of late.
Continued light receipts which proba-
BILE should have hardening effect upon cot