The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-02-02
IN THE COTTON MARKETS
Statistical Information from Leading fx'
CHANCES of United States and Europe.
HEAVY REALIZING CAUSED SOME DECLINE.
Although Liverpool Held steady,
New York and New Orleans LOST
Ground-spots Inactive.
Office of The Post,
Houston, wednesday, February /.

Houston, Wednesday. February ].
There was some lack OF buying power IN
all the markets today and the bulls failed TO
| hold against the unloading of the longs. VINO
| are now taking In profits and evidently pre-
pairing by shaking out the little fellows TO
again enter on a bull campaign.
All features are in favor OF a sitter mar
ket Manufactured goods have been steadily
| advancing and the undertone is strong sur
plus stocks havo been pretty well cleaned
up and the outlook for business in the spring
and summer is good. Cotton Is entering more
largely into the manufacture OF blankets ana
articles formerly made of wool, SO that higher
prices should prevail, especially as the crop
has been greatly overcstimated. 1t was these
overestimates that caused prices to go Sc
low. Had the original estimates been what
they now are the farmer would have received
from a to / cent pound more for his cot
ton.
The recent advance brought forward large
lot OF held cotton and there is now but lit
tie left in the interior. so that the heavy
movement predicted for February will not be
materiali2od
Those ugly figure 5s again appear on the
New York future boarl for the late POSI-
tions 1t is thought. however. they will soon
be replaced by the IS.
New York reduced spots 1-16 today, the
other markets closing unchanged.
Futures in Liverpool closed about 1A-6ad
down. Now York is 4 to and New Orleans
TO lower than yesterday.
Houston expects tomorrow $500 to $500.
against 3917 last year and 1854 in 1895.
New Orleans expects 5000 to 1000. against
15t5 last year and 1854 in 1895.
Cargill Richardson say of cotton: Rcaliz-
ing continued extensively in cotton again.
the South selling freely all day. Liverpool
had n tip this morning that NELL had re az
firmed his previous large estimate on the
crop. and, while it was only scoffed at in
America. it caused considerable selling from
abroad especially from continental Europe
Later advices from New Orleans said that
Mr.. Henry Neill had cabled his brother in
London that he had not re-affr1ned his cs-
innate. Receipts were light at the ports,
safne being 5000 bales less than week ago
Estimates for tomorrow at New Orleans and
houston $500 less than same day last year
Ihe semi-weehy was some larger than eX-
pected receipts showing 53.iS7 against $3.50
last week, and o,sIo last year; shipments g.,
1900 bales during the half week Stocks
at the ports arc diminishing, deficit under
last year of 2S4, Ill Is shown Price was a
large buyer of the late months in New York
TINS morning, the best local seller beiag
Hentz, probably for Liverpool account. Cold
bleak weather everywhere In the South with
some rains in thu central belt.
There has been great deal of talk of late
OF the almost complete exhaustion of cotton
in Texas. and as great deal depends upon
tho movement In this State we have tried
Of ese sn fsS the toh
stocks at small interior towns are very small
indeed, and in many sections buyers have
been withdrawn. The larger cotton firms are
arranging to close interior offices February /,
feeling that nothing more is left We look
for continued light movement In Texas
New York wires late u think if cotton de-
clines any further, will do to buy for turn
New York Cotton Market.
New York, February 1.-The cotton marke,
today showed less speculative energy. Tho
tide of buying orders set in some weeks
ago showed subsiding tendencies and the gem
cral volume OF business was less than for
some time past although liquidation made
the aggregate of tho days transactions sim
quite heavy. The hating attitude taken by
the public led to considerable confidence ON
The part of the local bears who were con-
flrined in their views by the conflicting fe-
ports regarding spot cotton in the South us
well as at Liverpool and also by tho con
tinued weakness of futures abroad
The general bearings TODAY. however were
otherwise quite as bnllisn as herltofore aud
the decline Of TO 10 points which was in
dictated by the lower prices today was in
tho face OF o continued bulish weather man
supplemented by private advices rcporting the
impossibility of cotton picking or of other
field work.
Reports from cotton cloth markets aud
from American mills continued to reflect en-
couraging conditions. Yet the best prices of
the season We're had on the opening call.
when tho market was quite steady with
prices generally 10 3 points higher. The
decline from this basis was quite steady until
it reached the lowest. after which there We're
partial reactions on covering. The market
was finally steady at 4@7 points net lower. d