The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-22
IN THE COTTON MARKETS
Statistical Information IRON The exchanges
Of United States and Europe.
BulLIsH ELEMENT DECIDEDLY AGGRESSIVE
Prices Forced " In All the rature
Markets nnd spots Also close
at AN Advance.
ofhcc 81 MIC po,,t.


ofhcc Of The Post
| Houston, Saturday. January IL
II has ben many month since there has
been such a strong feeiing as was manifested
tocay. For q third time the bulls scored
p,ciits on the bears. sending everything
higher.
| Wall street spcculatcrs who have been
plunginS in stocks aud grain have turned their
attention to cotton which has long been q
cheap commodity. In fact, the whole specu-
| iativc community is growing bullish.
Futures today are higher than at any time
slice the season opened. and for the ntst time
siuec August New York makes quotation
where over cents Is nominated
srots followed tho futures trend, closiaS
t-iGc highcr In Houston. Galveston and NV
Orleans and Nc up in New York, Liverpool
Is l-led higher. and middlns is now $ 1-Srd
The statistical position iayofs tho bulls. but
a, the same limo Tho cotton tcndcrcd on cons
tracts Is not up to Requirements, most OF It
being extremely Inferior. If
Mcnaay's receipts at Houston are bulietined
at 800 to 1900. against 5oii last year and 500
II. 1895. s5sa
New orleans expects II. coo to $4,000. against
~ col last year and 1886 In 1926.
D. w Hunter n Co. say Of today's cotton
market. Todny's advance OF 70 10 points
was fitting finish to the best bull week that
cotton has had FOR many ii month, The sum-
NOR months all sold above 4 cents for tho nrst
time since August 10, and there are very Few
tonight who doubt that the advance VIII carry
prices to a much higher level, Strong out
side buying led by the South, WIS more in-
evidence today than at any time since the
upward movement set In. and II this continues
II will be an easy matter for bull sentiment to
\ " n ~ nd
ket md SEND prices up 50 much that cent
n round above tonights close viii look cheap
There is no use thinking or talking about
what this crop will finally turn out Whether
II is II 800 900 or 1870. 00e-which latter csti-
mate is now tho popular one--will matter very
this is what interests tho general public and
the trade. Cotton Is stll cheup and the world
REQUIRES and easily takes care OF an i ooo,opo-
bale crop. Whit will tho market do IL prepa-.
rations for the next crop. reduced anreake ana
delayed planting operations Indicate crop Tor
nes, season under i9oso9o nn,esy r smass
to our ndvanos of yesterday aud though thiu
morning would see considerable profit taking.
and holders were delighted at getting yestcr-
dsy's closing prices for their cotton. bn, The
lowest prices OF the day were made around the
opening and the market ruled strong with IN
at advancing prices, AMI IT II nsserted that
there Is considerable short interest In spot
cotton for shipment to Liverpool md the con-
tin1nt during thefnext Two months;
Cnrgill g. Richardson aay Of today's cotton
MARKET Liverpool did not give very good
rcArcnsc 10 our market OF yesterday. prices
there for deliveries being but LEAD up and
spcts 1-s2d. with 5000 sold Notwithstanding
the Indifference shown there, our markets con-
tinued TO advance on buying from everywhere.
One New York message said the public owned
the market: anothers said the long were real
iSlng freely. but enough new business was
coming in 10 more than absorb the offerings.
New Orleans was probably the largest buyer
in New York, with Wall street still adding to
its lines. smart cable from Liverpool said:
Eve cnn sec nothing to advance cotton, and
our market would decline hut for buying from
America Receipts Mt tho ports were small
ciongh for May business. aud estimates Of
New Orleans and Houston we're 5000 bnlcs less
In 1..oOU06n crop a month since are now
taking 100000. Spots arc almost entirely
neglected because there arr. practically none TO
be had from, frst hands The near months In
both New York and New Orleans are adyanc,
ing more RAPIDLY thsn tbp distant ones. under
buying by exporters who nre IN the .utire
markets 10 M contracts for spots which they
wave. and. like the pendulum OF clock, II
goes from one extreme to the other only 20
fall back again. with = continuance Of tho
further. New York closed to points mp on
near months and 10 4 Oh the distant ones (: |
New Orleans closed to ~ points w Oh the
Spots ere Mc up In New York and i-iCe up ~ |
Now Dreams Galveston and Houston. CHICAGO
wa dri and ulinterestlne. with prices y
cases much highsr. The weekly bauk state |
n,snt isH,led In khw York nday shows lnrge |
increases IN everything. I,utlct shops all over |
this county are breaking. This, OF MI times.
should q man select n good. legitimate broker. |
Vow York Cotton Market.