The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-26
Speculative Business Is Practically
at StandstilI.
LIVERPOOL FUTURES ARE LOWER.
A SLIGHT Decline in the American
Markets - Heavy Port Receipts.
southern spots Unchanged.
Office of The Post.

very steady throughout the day and closed
only lU2 points lower than saturday
Spots lost Lice ait New York. but the
Southern markets were quiet and I'M
clgsmsed.
Spectators seem undo cidcd as to the
merits of present prices, and are evil
IDENTIFY afraid TO take a decided stand on
either side. 1t Is quite noticeable. how
ever, that bumper" crop ideas are being
abandoned. and conservative traders are
beginning to put morn faith in Il total not
exceeding 100000 bales. Recent invcsti-
cations have brought forth the STATIC
meirt that the amount of cotton now left
in the country is even less than at this
time last year. The amount of the pres
ent crop brought into sight by the las, of
this month will be in the noighborhood OF
!. COcoeo bales: inter February /. last year
there were received 100000: adding the
latter figure, TO the forme. would Indicate
a crop of S.60J000.
The bulls are counting upon some i'm
provemeat In prices this week. basing
Their hopes upon a continuation of the
present weather, and decrease in re-
oeipta as a consequence From now Oh
and throughout February the daily move.
ment will compare with quite heavy re-
ceipts last year.
The effort of Fall River spnners to se-
cure IA c'rtailment of production has not
been successful thus far. though the IA
per Is still being circulated, The circular
pledges the signers to shut down the mills
for TWO days a week. making forty-two
hours instead of ffty-eght hours per
week. from February until May /. The
provision Us that three and a half millions
of spJn1les be represented In the agree
ment. 1t is necessary to secure outside
signers 10 bring in the required number
of spindles 10 make the plan operative.
Fan River alone Will put in two million
sptndles in favor of tho curtailment. The
present weekly production of that place is
225, 900 pieces; the short time would cut T.
about 5000 pieces. or nearly a million In
the aggregate for the thirteen weeks 1T
is not believed, according to press dis
patches, that a general agreement can he
obtained, consequently the plan may fall
through.
AT today's session New York futures
opened quiet with 7Oi bid for March.
From this tho market advanced to zoe.
then fell back TO 7.o3, and began to al
vance again towards the close. Final
figures We're 7.o6a70, against 7o7u7.oS Sat
urday. May opened at lis. sold at To-
for the highest, fell TO III and closed at
I lqU7.2O against 7.2im7.22 Saturday.
In New orleans March started with C,S5
bid advanced to SIS. then fell to 6.A AID
closed at 6Ssd6.S7. against 6.S7@6.S, Sat
uldtsy. May sold at G,96 for the lowest and
10? highest, closing at G.9oG7c.
p $. Galutti of New York, Louis I.acostc
pf 4 "a - Il
ana / q Dornan ~ CLINTON Mo we've
visitors at the Houston cot,on Exchange
Hugh l., MclIrov of Nou. rrlo,rs
writrs" II ma h.. Of int.rcst ia ,,rnsa,5
prices in nther seasons wbirh havn hann
somewhat similar TO the present one. In
ISsa INC ne, a az started on Febrnary >,
iSS1 he stnrt vas nado an fcbrmory: i
ana Inv Auri,at 10 the incrc,as in va iucs
was 80 In iSa1 rrlcas ,oolf a., ,,nn,a,.I
sian, ir,r,o a. AZ, toI, pn.o, M a., NV ~
nnw ~ a. f,yy a., me VT" vi We
va nced ~ hnoffnr.o "a os"staiE ~ aaiu au-
In rho se,son las, refo ar a. 10 ,,o 49,,
Ne IA ~ ', ,hi po.tf' 20 'o5al *
bales and a ther ~ v, -, 1ouo $1,000
tm, n,v ma this crop n'aS zee, neen marketed
az raPidy aS Una. OF lsa'-s~ me lndl,
oboIi & lSo.Coc ' ba pHx.'' ~ 'o'ai S'eid OF
A"other good coinparlson' and a fairer
Que, Is win me bumper crop of s,a0D.O00
rec re- eiVed a nttie less than 100000 bales;
be equal 10 that (and a. few arc Te S h,riv
enough TO entertain such a rli;ieal opin-
I io unn oo me thalcateh y'eid Would be only
y 100 900 Is dissipa,Sd into hin ar iln,oos
all private advices are ridiculouslv unre- !
liable. there Is every reason to EXPECT. he |
tween the end of January and the begin |
ming of the new season, a los; of 800 900 |
from the exceedingly heavy movement of |
the latter months OF that YEAR In other |
words. there is every indication OF a cron |
deal less
Son, x.,. , ~ r,
t,,o oo..a. 80. .s,s' Nv 'O1.on ",
tue COTTON market TO-DAY was ~ decided |
TO many who have put |
rain IN higher level of prices on IA
theory OF light receipts As matter of |