The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-24
SPOTS AND FUTURES ARE ALIKE BuoyANr
a Good Advance scored In Contracts
and the American spot Markets
nrc All One-eighth Up.
once Of The Post.

ing scaled down until 100000 is now the
highest figure, with many OF the former pes
simistic bears. The visible Is dwinding down
AMI all markets are reporting shorter stocks.
The bulls started in today with the greatest
advance In Liverpool scored in many day
3-eidi.e4d. This braced up the American
contingent. and Wall street. which has been
steadily bulllng cotton under the impression
that stocks can not be much further doomed,
was happy.
The range OF fluctuations took In at one
tire i; points. and there was some unloading
by tho tirnid holders. but the reaction left n
good margin OF profit.
Liverpool iutIres CLOSED at an advance OF
3-tfid1i sid. New York Is up 6 TO . points.
and New Orleans shows an advance OF to .
pointr.
in spots, prizes showed up we'll. The Ameri-
can markets are all &c up and Liverpool is
1-32d hlgehr. Sales In oil markets were quite
liberal.
The port movement was light and the esti-
mate for the week is moderate. 1t is thought
that from now on receipts will be unusually
light. a lnrger percentage OF the crop beins
marketed than ever before for the correspond
ing rGmber of Gays.
Fort receipts were 1882, against As, Isa last
year and 42.e27 in 1895.
Houston expects tomorrow 640o to $500,
agains, 9e5l last year and 1892 in 1891.
New orleans expects 5000 to 10000, against
1907 last year and 1901 in 1895.
i. W. Hunter & Co. say OF todays cotton
market: Liverpool had heavy buying orders
from this side. and from an Indifferent open
ing market prices were s,nt up It'd tho
close being at the top. Liverpools advance
at our opening time was only 2-64d, which
Just about caught up With our advance oil
/ saturday. but the boys on this side knew
Wat was III the market. and opening trades
were II points up In New York and IA in New
points on profit taking. but heavy ouyIns
Bgalu sent prices np to the best OF the day.
March in Nfw Orleans ceiling up 10 5'2. In
majority and the market seased off to )
points from tho best OF the day. Receipts
| we're light again, aud surplus stocks arc
| dwsndling fast In fact. the visible supply is
| resarded as very bulish, and prominent,
statstican. figures that the statistical position
J 1851 or 1895, 1t was perfectly natural for the
! average trader to want to take profits on the
np Suss g, Rs o1n s and the se sss
the market sold out any of ther cotton they
I did IT without It being noticed and they were
| cotton now In earnest. and there is every
| prospect that prices will be carried very much
higher.
The managers OF the New York cotton ex-
change have decided on the following amend
| ments regarding classification:
Section 95 ALI. at tho time cotton is Of
! fered for inspection. the owner snail request
! that the staple OF such cotton as well IS the
grade. be taken into consideration It shall
be the duty of the classification committee to
| do so.
less at least so per cent of the cotton sub
mitted shall have length CT staple of over
one inch by sctual measurement Such al
lowance, IL made. shall net exceed one-quar-
Ter Of n cent per pound. and shall be calculat-
ed in thirty seconds of II cent per pound
20 note ne ,ns au tbe q Of sraae
! the length Of staple as ascertatned by tho
classification committee. The owner of the
to the appeal committee on classification on
account OF staple ms is conferred upon him
by these bylaws in tho case OF grade.
Tho charge for stapling cotton shall be
/ governed by rule provided by the board OF
managers: and the board shall be empowered
10 make any other rule necessary for the pur-
pose of carrying out the provisions of this
section. This section shall go into effect on
January 1. 1890.
What there is left of the bear element in
cotton took fright at the good response made
by Liverpool this morning TO our market Of
Saturday and covered freely The miscei.
laileous public were in the market trying tc
pyramid on their profits but all good houses
| refused this business unless accompanied BY
additional margins There was enough new
I business however, to cause n Arm market
despite the largo selling by Liverpool, VIII
continue to straddle the market by scllinl
New York and buying at home,
Cotton has now advanced nearly ! cent PEI
pound, and while the price Is stal low W.
believe those with good pronts should tak'
advantage OF these spuris by taking proht
and replacing on the declines II is doubtful
IL Liverpool will show any advance tomcr
row. and the disposition Is that cur marke
should ease some further
New York Cotton Market.
New York, January 9j.--The cotton marke
4 reflected tone of strength today that sur
prlsed tho trade, A food Of buying order
came into the pit at the openins from all al
rections and led to unusual activity and al
exciting market A bull movement seems 4
have been attracted to cotton as fasorabl
{ field fer investment at the prevailing prices
3 for brokers reported an accumulation OF iarg
buying orders from outsiders over Surda.
7 that surprised tham. Their execution, 70
) sether with large buying orders from ~
trade at Liverpool and New Orleans ana IN
South. not TO mention ccntinnei heavy Dc
niand from Wall street. caused Inv hrst pre-
10 be made at auywhefe from 70 " paint
above Saturdays Anal prices. The trsdin
. was the heaviest since year ago. ena y re
= called the great bull movement whtch Pre-
vailed in 1895. T5en We hnd a. iarne !, WI v,.a
I BILE supply as now. but IL was suppieWen,e
! ny tho new crop getting q BAD starr; wnsr ',
/, resulted later In crop fa.iure and the gen
= erai trade revival and boom In stocks follow
(. ing protracted depression W 1898 ana i%'
4 BROKERS who have been idle lcr months "a
I all the business they could handle As ~
= / as one bull lei 20 an9ther took his place
BESIDES the heavy local and forsiSn e snoIs y
: In the summer months--took Eight and start
1 ed In TO cover II was perhaps tne dsman
I from this source and ths hesy
!, outside buying gave mir to U
) market and made seatiwent 50 sro ',,,
i ism and rricss hardening for ssN1e TIM.
The markst showed is s,renrta , ~ aeso iS
q on,pinr prices to u new high level, Report
from Liverpool and The sSuan we're sp oe'l ss'
son ma tho news from the dry goods dls
sicts were bulsh and sugssstsa ~ ,b amm mexs
!. menf Of tbs crop showed further snai
falling ON todsya eors r,ssip,s Ss's ssd o q
: Is, 90 haier. against Ss'oce iss' ~S'N @'' ~
| 0V0 iaet year.
nry GoCds.
So. vork January e3-Ths week cpsne