The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-02-16
in The COTTON MARKETS
Statistical information from Leading fx.
changes Of United States and Europe.
THE BULLS AGAIN ADVANCED QUOTATIONS.
All the Future Markets Advanced
mud American Spots Higher-Mo'e
ment Is Very Light.
oiao. o. Tho Post,
Houston, wednesday. February 10

Houston. wednesday. February 10.
II was another bull day in cotton al
around. The continued bad weather vas OF
course. one of the features taken into con
alteration, While It was raining In Texas, II
was showing in Mississippi, and the iore'
caster bulletined more cold tonight and TO-
morrow.
M,ddllne cotton closed today at 6asc This
Is the highest reached since September ~
1897. At no time during the year 1888 dld cot
ton go that high.
The posted consolidated statement showed
that port receipts had fallen behind last year
for tho corresponding period TO date oe'so'
4 bales.
| Receipts at ports were light. being only 4o5l.
against 1905 last year and lo,A45 In 1880 vi
| course no one expected big movement during
such weather, but 1t must be considered that
in 1855 the South was covered two feet deep
| In snow. SO the movement should be stand
| off In that connection.
II was reported but not confirmed that Neiii
| had reduced his estimate TO 100000 bales
| The trade wonders where Mr.. Nell gets MS
| figures as tho big bears are down 10 lO5VO,O 900
10 10, 80, Ooo while conservative bulls estimate
tina crop close around 900. All admit
that tho crop is virtually all marketed; that
no moro cotton viii! be picked out, and that
there is very little in planters hands, with
no accumulation at interior points, ard stocks
diminishing everywhere.
As cotton can be planted late in Texas, the
lateness of the season is no indication as TO
tho coming acreage. Undoubtedly consider
able land which it had been mapped out was
TO be planted in grain or other crops Will b.
put In cotton
pocl futures are M 1-6id. New York closed
at an advance Of to points and New On
leans to points.
Spots all CLOSED at an advance except Liver
pool That market was unchanged, but re-
ported as being In favor OF buyers. Calves
ton Is 1sc higher, and Houston; New Orleans
ant New York closed Lice higher
Port receipts thus far for this week are only
4S.O57, against isdS5S icr the same days of last
week.
Houston expects tomorrow 1850 to 1850 bales.
against 45i7 last year and 2l66 in 1885. New
Orleans expects 600 to 500, against 1120 last
year and 1851 in 1885.
Cargill & Richardson say: A rumor was
current IN Liverpool this morning that Nell
had reduced his estimate to 100000 bales,
and cables from there reported the market
iirmer in consequence. 1t is hardly probable,
however. that anything ne would say at this
time would have any bearing on prices Us his
followers and they were many-have long
s, n,,, gwen up me nope 81 seeing INC bumper
Siiop' 20 ssrohsy predicted. Prices thtrs
t,' sJeauy, I-ola nlgher than yesterday In
UndertonS ri ices ru,su , StSauS' WIN Ifi,.
W, MY i tone meariy ~ uSy. rev orleans WAS
t me ., 81 buyer in New York, the selling being
bi ' ~, IVa 4, ot cotson bens sou;
,, ."e ~ ~ eoUf ~ WIN batoiy syn OF
tn, 80 ~. Ia 10 Mna,nSra the most pnish iae-
r "rs p" rc U,,I tdrsg Port9u W the pet.
in Miseiss,n3i o 5 l"I t%ot,, @uu so,uo points
T tao,e NOV la'ilns ,Na.iy ne government
saws. "Foir 'H ioniFht yiont noufs i9ioWnE
mortb xvin5e rb'nsd, SAoepU Oh coast DISK
'rba rnrcints ,y isues ,i,st o.,,,. =;
ports the totSI foat;ns ,, t m9thlng 20 tho
800 less than same ,v iast w. III VIII" I'M 10 wa -
less than lost vc", ny ~ MaeN am 2e.lN1
and New CrioSns arc as.6 ~, at houston
Tho light reeeipts do m 80 te'tt MS ~ year
the inabjiit, On n liSt" as Iollntrly, duc to
correction feperted In thc p,;oI,S, ne pluS
100 COO bales last week is nav, i iuvu Seoch OF
is likely that the same VIII ia i 'ii ~, ~
power In cotton ia wondSrTnl np '',sorn i,