The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-07
Futures 10 to 20 points higher.
houston spots 3-16c MP.
Liverpool 5 TO 7-0sd advance.
Office OF The Post.
Houston. Tuesday. February s.

AAASACAJ srbNA-EN tA1ctA ~ t1S NNNNSH Inst
kets today. The old. old story was told
again
The near months in futures made an sd-
vance OF about Is points and spou ven, from
is to slice better Values are now higher
than even tho meet sansuins bull dreamed
they would te few weeks ago.
These edgances we're scored IL the tace Of
g continued free movement, and bearish
feeling whi-h on yesterday made Itself quite
prominent The higher prizes we're not In
dated. well informed operators say. but were
brought about BY the mad rush to secure cot
ton made BY the forsisn spinners. who. now
that IT is perhaps almost TOO late. are max
inE frantic Efforts to retrieve tho losses sus-
tained BY them as result Of their following
the advice CT Mr. Mem and his biz crop ad-
nirers.
All Europe, IT seemed vas In the market
ard the scramble to secure the stape Vas
such 81 has not been Witnessed FOR years.
The amount Of trading vas larger than a,
any time since the famous short CROP year
OF 1851 Liverpooi was never NOR. ex-
cited then TODAY aaa shorts all over ths
country almost went wild in getting their
hands o. cotton.
The result o. al this was Inevitable Prices
commenced rolnE higher as ,oou as the mar.
ksts we're opsned and the upward hi-ht was
continued uptu the close. With some few
periods o; comparative easnsss caused BY
se!IinF BY Price and one or two others. Al.
no time. however did the chalk marks 70
helow the opsnius figures.
The close OF the dav srousht with II
story az victory for the bulls in every part OF
tse hsd Only Two weeks or SO ago. when
ootton vas ahou, 80 points lower than roo
.or future delivery ard when So for spots
vns regarded BY even the most persistent
members Of toe bun side as only nossibili
" az the future the spinners on tn, other
siie sin laushaa at the stories OF dsplstsd
stocks and emrtv fields and gins witch came
ircm all narts CT the cotton Producing coun-
try. They were perhaps Just a ,riao uneasy
e. that time concerning the expected crop o,
10000 bales but they backed their iudg
meat and relied on good luck and Mr.. Ns.li
to pull them through.
Put he who laughs las, LAUGHS b,s, ana
now the msrrimsai is on tn. other aide. The
bulls are iubiient and the prophets who fore
told the presoa, eOrdt,on Of asairs are In
wonderfully good standing among then
brethren. The Post does not Wish to pose
as prophet but IT does wish to call atten-
ton TO the fact that in It's issue Of las, Sat.
urdsy. after two days Of almost unpreeeden,-
ed activity It stated that II was not at ali
In probable that spots. which on tho pre-
vious day had been marked up to Sc in Hous-
ton. would 70 still hxher and tina, future,
were probably purchase for an advance Of
some 20 or 25 points, The COT ditions than
existing warranted such statement. ana
the Developments OF today are only the Iovi.
rsl result of the influences then AZ worry
Features which short time ago wero re-
gardsd as having more or less connection
with the cotton markets, have been lost sight
Of within the pest few days, The South
African war Is not mentioned in the dis
patches which come over the commercial
wires The heavy receipts which tho h.ars
predicted would break the market are ms,
As heavy as before and values have Increased
materially
FOR the hrst time In years tho demand tor
SPOT cotton is in excess OF the SUNNY. Thu
people who only a short time ago sooffed n,
the idea OF there being no cotton in the In
terror are now beginning TO reaizs hov
srievously they were In error BUYER. from
oil parts OF the interior are working hard ~
make a reputation as discoverers hut thai,
reports are invariably 10 tina effect that mn,
very. very little OF the staple is to be found
inc result OF all this seems 10 be ineyita
hie All advices say that Enrope ia stu
sadly in need of supple. and where the,
sre TO come from Ia a matter OF considerahl,
mystery.
The market IL hiTh enough now. II wopit
appear. and IL does not seem to be improha.
bic that reaction will follow the develou
ments OF the mast few DAYS. but Il would b,
difficult to determine what is to prevent
values from going still higher as long as n:
news OF mo cotton continues to come in Il
the face OF an enormous demand Some east
ness Is not regarded by any OF the bulls Al
being BY any means outside OF the range o
possibilities bat the most conservative on
orators say they do not believe that lowe
prices can be permanently maintained bu
that on the other hand stll higher leye
may be expected.
Search as one will. there is not singh
weak SPOT to be found in the situation a.
exists at present The great pity is that III
advances Of the mast few days and thos
which may come in the future win no, d
the Southern planter any material amount o
good this year. Benefits however. shoul,
accrue in the years to come II has beel
proven that the producer win no longer sub
NIT 20 having the prices Of his goods lef
entirely In the hands Of the consumer. an,
the victory that has been gained this ssaso,
yin be ofyalue ~ the future
Early LIVERPOOL cables we're very favcrs
bic indeed this mornins aud the homo mar
hesa opened arm 1t about Yesterdays price