The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-08
in THE COTTON MARKETS
Statistical Information from the exchanges
Of United States and Europe.
ALL THE SPOT MARKETS ARE HIGHER
Liscrpooi Cables Encouraged mn "A
vance In Euturcs--trccipts and
Estimates Continue Light.
Once Of The Post,
. .ttoifst0n Stature

I /. ri + .4 tt~ b ne 80
II Houston, saturday, January I
The bulls lad decidedly the better OF
trading today and although II was short
day trading was quite active.
+ Liverpool cables were very firm and en-
couraglng. Sales Of spots were 10000
which is large for Saturday. Futures there
were up l-sad.
The market on this side responded
promptly. but after a squirt upwaid iost
part OF the advance. The light movement
nc ports and the moderate estimate Tor
Monday was ii strong feature The belief Is
that a greater percent Ct this crop than Of
any previous one has been marketed ana
a light movement is looked forward to.
New Orleans was from to points up
at the close New York closed at an adj
vance Of . TO 8 points
Port receipts were 26.777, sgainst 6e.956
last year ana 50,2SS In 1895.
Houston expects cn Monday $500 to 300.
against 12,14S last year and 1855 in 1890,
New orleans expects 10000 to 10000 against
31,155 last year and 20.2S4 In 1895.
Houston advanced good ordinary Nc and
other grades nc The other American spot
markets are all up Lite.
Cargill s Richardson say.
The cotton markets today were of Il de-
cfdedly bullish temperament. Liverpool
came fully 1-6id higher on contracts, and
reported 1000 bSles taken on the spot :.
This was q very encouraging feature for a
Saturdays market and evidently forecasts
better demand from abroad for our spots,
which have been sadly neglected FOR some
time past. Receipts al the ports, as we'll
as estimates for Monday, We're again COM
paratively light. The figures as given by
Secretary Hester yesterday OH the Texas
movement We're considered bullsh, and al
though trading today was limited, prices
held steady all day. Sentiment continues
decidedly bullish. but at the same time the
bulls are disposed to take profits on the
advance, and on any indication OF an in
creas.ng movement there would be large
Tires Of long cotton thrown on the market,
OF which there must certainly be enough
to cause q temporary decline at least.
Locks as though cotton would be good
property On any recession, but we fear the
market must be Inundated some before any
material advance can be scored
B. W. Hunter & Co. say of todays cot
ton market:
The week ends with good bull day in
all markets, and sentiment continues most
Favorable fer higher prices on all products
and socurit.es. This feeling Is being di-
recasd more and more to cotton at present
low prices and considerable
Improvement Is generally cx-
pected. Texas today continued as for the
past few days to be the best buyers of cot
ten The trade having almost unanimously
become bufhish on the continued light ruin
OF receipts. Tho map and forecast show
lair and warmer weather, but gathering
and marketing the crop has been so seri-
o,isly nsterfered with by the recent spell
Of bad weather as to insure light receipts
for the next week or two at least. there
being no accumulations to be cleared by
fic failronds. The railroads are noting u
decided falling off in receipts as compared
With last year and an are anxiously in
lui1lng the reason fer this sharp decline IN
business This and other reliable news
points to an early exhaustion. and the
feeling is becoming general that the Texas
ma the total crop has been greatly over
estimated The public seems SLOW to come
II on the bull side of cotton, but there was |
abr buying today and shorts covered. whiic
orders were booked a few points !
indor the market. There will be good |
buying on any decline.
Tho late market was bullshly Influenced |
w. small estimates fen Mondays interior re-
eipts and reports that great damage had been
one by the recent heavy ruins In many por-
Ions Of tho belt. AZ the close the market
'as steady, . points higher. Spot steady
nth prices lido higher on the basis of so
LID for nlddllng uplands ma s-16 for mid
Ing gulf. No sales. Outward shpileats
'ere said to include 450 bales Peruvian cot
on. Estimated receipts ut the ports Tor the /
eek 100, against 2s5,5e0 last week. ard
Ids estimated 1900, against 2ss5 list Year and
Houston 4226. against 1862 last year
New York Cotton Market.
New York, January Title cotton marke.
oened strady with prices TO points high
r. this being an Indifferent respapss to lrm
liverpool cables, bulish weather reports
I'm pretty mach the entire cotton belt and
small movement at the ports and tsrior
WINS. Profit taking by less confident longs,
1uidntion of weak Southern holdings were
rEcly responsible for the failure Of the
irly market to advance. as hsd been OK
scted. Subsequent Developments. however
ere decidedly batter, prices moving up sey-
al points on foreign support and the np-
& CHIEFLY from Wall street houses Fer !
,tuiday half holiday speculation was active
I'd quite general. Runners thai spot cotton
as being held at materially higher prices In j
70 South With dsnard urgent caused con- /
derSble nervousness In the bear ranks. with {
10 result that not few shorts sought cover. /
Dry Goods. II
New York, January 1.-THE market for all
,ietiy. neither spot ncr mall orders demand =
ing important. The tone was very irm y
Brown sheetinga and drills feld .
rungly ut fail prices. Bleached cotton !
owed a tendency against buyers. Printed
,ods were strcng In caliroes and wash J
brcs and ginghams lkawise, Wide sheet
gg were firm, White goods in both tone
oolcn goods division was without material