The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-25
/ NO TIME WAS THERE ACTIVITY.
office of The Post.
Houston, Monday, January "a.

Honors were about easy between bott
| tulls and bears at the close today.
| The week opened Will, indications OF a
| free movement at the ports and light re-
ceipts at the leading interior points The
| first pressure at an advance of to points
was based largely ON orders trcnl Liverpool.
Shortly after the opening the Improvement
was lost on selling. Subsequently Liver
pool resumed buying, which resulted in
rally TO near the opening figures. At
no time during the forenoon was there
the slightest approach 10 activity. Prices
up to midday kept within range of 3
points. with both sides hesitating and
showing disposition to await further
news respecting crop preparations. about
which no definite information appears OBJ
tainable as yet.
The close was: Liverpool about half
of a sixty-fourth off, New Orleans to 9
Spots closed quiet and unchanged prices
evidently being sustained by Liverpool buy
Ing freely every day.
A telegram from New York said:
The president of the Galveston cotton
exchange. in the course of an address 20
The exchange. said: 1T is not reduced
acreage that is needed TO raise the price
OF cotton, but return to the old system
OF marketing the crop in six or niue months
instead of three, as at present." An ad
Nertisement in the Herald reads: "The
nest way to bull cotton is to put the price
down and hold it down until it is too
late for the South to plant a large acre
ore."
Port receipts today were 52,91s against
SS.4i last year and AZ, SIC in 1895.
New Orleans expects tomorrow 10 600 to |
1900 against 1911 last year and Ii. 9O1
in 1895.
Houstoes estimate is 10 900 to 10. 500
compared with 69l4 and 1912 in 1896 and
1897 respectively.
hunters Dni1y Cotton Letter,
Liverpool unchanged and quiet for spots
and barely steady for futures with no
appreciate change. Our markets opened
up TO points on covering orders from
the South and Liverpool buying, but eased
OIL TO Saturdays close. Mississippi par
80 iSPoie ~ W OF per cent oil the crop |
o. bottom lands ungathered and chances
IRE that II will never be picked. Danger
rom overflow seems serious. From mauy
'oints come reports OF impossible roads
ana continuous ugly weather. Still re- {
.eipts Keep up quite heavy and estimates
of tomorrow are liberal The Chinese
'uestlon assumes a more cheerful sspect
ma the opening of her ports 10 the com
nerce of the worl1 would he considered
earlsh on cotton as 1t would sharpen the
competition with the American product. -
lhe Cuban question is still very much |
n evidence, ard it is i disturbing factor.
Is is also the silver agitation in the SEN
lie, where consideration of the Teller res j
tuition was today resumed. We are in j
lined to the opnion that these clouds A
VII soon be dispeled and confidence AL 4
long the line fully restored. 1t is hard \
3 bull anything this kind OF weather for il
axes energy and buying TO advance prices
ut the cotton market somehow looks 70
r. es If 1t was getting ready to do some d
ping, and the chances on this break favor t,
he bulls. When the advance gets under
eadway, plenty of bull arguments will
found at hand. and it Is the part of i
isdom to take on a little line at the bot j,
'm' Some very smart people are doing T,
mis- very thing. "