The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-10
IN THE COTTON MARKETS
Statistical Information from the EXCHANGES
Of United Ststes and Europe.
THE BULLS FORCED ALL PRICES HIGHER.
All spots IN 1-ts With Middhns IN
New york sc-A Good Advance +
In Contracts.
Grace Of The Post.
Houston. Monday, January y


UPWARD movement
Every day strengthens the belief that TN
size of the crop has been greatly overseas
mated. Texas is reported TO be from S.oo5o"
10 S.,0cOoc, whereas 100000 was predicteu
and the other states are now thought TO u
from 500, 900 To 100000 behind the carliei
forecasts.
The port movement Is growing lighter cvefI
day, and the receipts at Houston and New
Orleans are dwindling down at n rapid rate
All over the bslt bad weather has been ex'
pt.;erced to a great extent all winter, ane
TIM forecast is for another cold and wet spell
Tho higher grades have been pretty neafi!
all absorbed. and attention is now directed Y
the lover grades, tho only ones available
Cotton is and has been so cheap that it is nov
entering into the manufacture of many art'
c,,. formerly made of wool, and the consump.
ton has been enormous.
Til. bulls realize this and are determined te
keep prices ON the up grade. The bears nave
about exhausted their ammunition and are no'
expected to bring about any material ue'
clines, though there will naturally be some
occe sonal reactions. good feature IL 1he
fact that at no time have the recessions pecn
as great MS the bulges, and what is gaineu Is
held with tenacity by the bulls
Liverpool put spots up tS2d and reported
sales of 1900 bales. The American markets
are all up 1-l6c.
Futures in Liverpool show an advance of
atoL, lid New York closed at an advance
of to 10 points and New Orleans to points.
Houston expects tomorrow 200 to 'soo'
against 1885 last year and l0;sSs In 1898.
New Orleans expects 1900 to 1900, against
80 40, last year and II, 200 In 1885.
Receipts at ports were 1925, against 6l,s5e
last wear and 5o.2ss in 1895.
u. w Hunter & Co. say of today's cotton
market: Cotton gains strength and prices so
on up. and each days advance is greater than
the day before. Buying improves and the
feeling is turning decidedly to the bull sioe.
Liverpool was very good-2-64d up on con-
tracts aud l4.0o0 bales sold on the spot at
i-?2a advance. Still that markets lacks &c
OF tsing up much as the American markets
since the last furry. and instead OF fmproV-
ing the parity grows worse and worse. ocean
freights are weak and demoralized. aud. al z
though rates are 70 points down from the best
of the season. a further decline is probab.e.
and this will tend TO widen the spread. we
have contended all along that Liverpool IN
difference would not dampen the ardor of the
bulls on this side, and We think nov that. II
anything, differences will further widen. The
total estimates for New Orleans and Houston
are 5000 bales less than half of last years. and
tre light receipts have come 10 stay. Port re-
week will probably fall 10000 bales behind
last year while the into sight will be COM
psrativey small. The weather continues bad.
ami freezing temperatures are expected to fol-
low the recent heavy rains The spot de-
mand and outside speculation continus day
or two behind the advance and to 10 points
and the fun will begin in earnest. Opinions
as to the extent Of the present bull move
ment vary all the way from lac to lisc' but 1t
bull market and that II is purchase, par.
ticLlarly on little breaks
The New York Commercial SAYS: Talk on
change yesterday ran naturally to the prob
able extent of this years acreage. Many ideas
were advanced. but they were SO conflicting
that the situation was not cleared The fact
that no concerted action has been taken on
the part OF planters toward uniform reduc
tion in planting, and that prices recently real
ized for the medium grades of spot cotton
nave shown a. profitable margin, led to the be-
YET that last years figures would he about
duplicated Should certain States agitate cur
ta'lment IT. was argued the rest OF the belt
would correspondinely increase their acreage
III the hope Of ohtelning higher prices conse-
auent uron any smaller production. Advices
were received from number OF correspond
enfs stating that the banks would not advance
near the amount of money loaned In previous
Seasons. as last years investment had rot
proved PRINTABLE one for the banks In MANY
instnnees The CONSENSUS of opinion in local
circles was that planters would nut in as lsre.
n crop as possible, unless some binding agree
ID sht was arrived at by which all parts Of tho
oeit worked In unison toward smaller nro
oucuon Wheat and corn were said IN he tho
p,Ipaole successors OF cotton should cur
,hlineht ne decided on II is too early in The
s 81, ", 10 pe talking Of acreage however. but
az uetelnpnents OF the next few weeks NAV
% much To determine the movements oS f,rns
'fs Few, II any. orders for guono or otha,
iel'lliters have been given as vet and man
Will wait for thesa hasora ~
acreage. a'es OF the
oars'il Richardson OF Houston say, c,,.
'oh continues to absorb more than ps,., =,
.errs' by the Investing public. good huv,ns
'len all quarters being received which "a
s.eanly swing the market that sunp,r, u,,.,,
:, nous sssry 10 enhance values Receints az
pnr,s were less than last wear ana a,, ~
~ houston and New Orleans "a aoo y."ates
, ,n corresponding day last Yea, w. v ynsn
r nuls ,hht snorts and tho outside ,,,hII. .p,n
1on uuyers, ana that market Looked. hinr9
isma ~ mus apprectable mproyemen, ~ sp ~
,,fyauu lor Spot cotton. although MAJ ~ tuo
w ary Is psihs shown. Offerings hovavar ~ 4
r,tt,n a.. ,hsFe is plenty to he said ay,i's.
roLtinne ~ 9psplte oil statistics. prices VII r
vera th,,,. auvarce as long as the snecui.t,, i
into Il snn VIII put its money
Nrw York Co,,o. ~, j
New York, January mnrk"t j
~ NJ L. H.