The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-04
IN THE COTTON MARKETS.
|All Efforts to Put Down Prices Are
Stubbornlv Resisted.
LIVERPOOL WAS a LIBERAL BUYER,
spot Markets Unchanged, with a
steady Undertonc-somc Advance
noted I'm Price OF Futures.
office OF The Post.
uouston. rhursaay, Fehruary ).

down the price OF cotton meets with stubborn
resistance.
Teday the situation was rather in favor Of
the bulls. Liverpool spot sales footed Ut
ID. Co bales. and $500 bnles changed hands in
New orleans, giving spots a good undcrtone.
European demand is good, exports for the
veen to date being 17i,357 bales.
la the New York market. Southern selling
was feature, but one firm absorbed 5000 OF
the amount offered.
nhe port movement was 26,35s, against Is ;os
last year and 35os6 In 1885,
There was no change in spot quotations in
INV market and the tone was steady.
Liverpool futures showed AN advance OF
t. siMI-4d. New York closed at net gain
Of points. New Orleans advanced the Feb
rupry option Z points, September i, and the
others sdi4 points.
New Orleans expects 1000 to 5000 tomorrow.
against 5555 last year and 1914 in 1895.
Houston expects 1900 to 4Soo. against sle6
last year and 1906 in 1895.
Hunters Daily Cotton Letter.
Liverpool was up 4 point and did a big SPOT
business Improvement there said to be due
. to buying for Bombay account. Our markets
ruled dull but steady all day at an Improve
merit OF gas points. Tho South sold probably
l0,cCv bales and there was good buying by
strong houses in New York, ono prominent
hrn, taking 5000 bales. Weather over the cot
lol belt Is clear and fair and heavy Fcbru-
ary movement is expected, bringing the
amount into sight on March within the
nelshborhood of 9.oD0,000 bales and 1t looks as
| If the movement would soon bring general
conviction that n crop of 100000 has been
raised. Should This realization bring liquida-
ton of contracts and cause the support which
has been given the market for 80 many weeks
past to be Withdrawn. the market would sell
lower, some claiming fully i.c decline il due.
hut spot cotton Is In good demand and there
Ii not yet any pressure on the market while
|unIuestonaby a largo short interest exists,
which may become worn out with waiting for
tho break 40 long expected and attempt to
cover. Should this happen, n sharp advance
would result, and II may come Unexpectedly.
Tho market still looks like good scalping
ono within a narrow range, but II decided
tendency either way should develop 1t would
be the part of wisdom to so with the market.
Interior Holding for mn Advance.
Caisill & Richardson of Houston say: Firm
spnts and 900 sold In Liverpool today looks
encouraging, but apparently Manchester spin
ners' operations are confined to Liverpool, as
they are buying little or nothing here. Our
markets were dull. with firmer undcrtone |
New York said Hubbard was bulling and that |
Weld and the Germans were selling. Receipts |
continue fairly liberal, but interior offerings |
arc extremely light all holding for an adj |
vance New York closed up, New Orleans |
SOD up Liverpool 1a-6id up; spots steady and |
unchanged.
Chicago gavo us n scalping market. Some |
weakness was shown early, but buying by |
Letters brokers gave prices quick advance, |
stM in ten minutes at one time today. May |
closed 5-Sc down. July 7-Sc down.
/. Provisions were firm, with shorts liberal |
buyers. Hog receipts $4,000: prices 10d115c |
higher: estimates for tomorrow $4,000 Stocks
eontiniie quite firm with few exceptions. There
seems to be sufficient buying all easy
periods to counterfeit the efforts OF the bears |
to bring about a reaction.
New York Cotton Market.
New York, February 3.--While the cotton
market showed considerable local firmuess.
the business indicated want of speculative
interest. Tho entire transactions of the Sos
sion We're limited to the exceptionally small
total of 51,500 bales. Tho afternoon market
rallied just before the close The first call
developed steady feeling at an advance of
gas points. This was about the best level of
the session and was reached from indications
OF activity In spot cotton at Liverpool, with
advices from the South pointing to a contin-
led heavy movement and to general and de-
ciaed hrmness In the Southern spot markets.
w when were said to be supported by continued
lnhterest on the part of the European shippers.
cables from Manchester reported better in
auiry for yarns. with holders too firm for
ac,iVny. A slight feature OF the forenoon
W W. the selling on Southern account. Liquida-
ION ensued and the market sagged without
showing decided weakness. The market
, ,les quiet and steady at a net advance Of
'ls points.
Dry Goods Market.
New York. February 3d. There was gem
'rai resumption of business in the dry goods
district today. Nearly all the stores we're in
with the mills and We're in II