The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-27
Declined on UnfavorabIe War News, but
Later Reclaimed Loss.
WEEKLY INTO SIGHT WAS VERY SMALL
Movement for the Nay Not . Large
oue-Demand for Spots Limited.
stock Decreased.
Futures 1 point down 10 MP.
Houston spots steady and un-
changed.
Liverpool IL 70 2-e4d lower.
Office Of The Post,
Houston. Friday. January Is.

Houston. Friday. January 20
The fact that the cotton markets are at
present unusually susceptible 10 outside in
fnences especially south African vsr news.
was again demonstrated tcday.
YESTERDAY when news vas received TO the
effect thst General Warren hAa captured
fpionkon ana that the outlook was favorable
for further British successes this Liverpool
operators ceiehrsted the day hv bullnr cot
ton IN such manner AZ TO cause Il 70 sd-
vance about 10 American points Today,
when sunrlsrnental reports came in showing
thss what wss At hrst thought to be a Vie
tory was really defeat that Warren had
been forced 70 4vaouats the polnt he held
fnr 90 short 3 time and that as result
Of tina trap set for Tommy Atkins by the
sily gosrs hundreds Of brave Englishmen
verc dead or wounded there was reaction.
Practically all Of the gens made in the imam
cial and commercial world we're lost, and.
nuite naturally. cotton was affected with the
rect
The fact that toe decline in cotton was by
no means marked one however. served 70
demonstrate as eompletely az the most en-
thusisstic bull could have wished the strength
Of the staple The Liverpool close was only
'Sd2-64d down and spots iosts but l-32d The
American markets in sympahy with the
oonditions indicated by the early Liverpool
cables opened at decline and for time
ruled somewhat easv. but towards the close
OF the day whom the unexpectedly light into
sight was posted some Improvement was
shown and b. tho end ~ the day practically
oil ~ the strength lost earlier was re-
gained New YORK closing from ! noiut down
10 IN and New Orleans unchanged 20 /
down.
Spot business wNs rornswhat batter than It
has been for the psst two or three DAYS mod
crate sales being reported st all Of the larger
markets az unchanged prices. New York
snots, although they ruled very quiet ad-
vauced 1-l6c. thus making mddlinp cotton Ia
that market So for the first time this season.
The amount brought into sight for the week
came IN the nature Of decided surprise.
showing az Il did gs,5sS bales less than the
corresponding week last year and but A. sos
moro than three years ago The total amount
for the week was but 1853, making the
total FOR tho season s.62Gl6O. or e,o6lMs less
lhsn in 1929 and S13,SS7 less than in 1897.
The Liverpool weekly statement told the
same story It has been telling ever since
the beginning " the seas,n--a tale which.
/ " NaAHHtaJHlAE I've latA mat IL is Aftbknt
With SO much meaning, has so far Leon
practically ignored by the foreign consumers.
The stock OF American cotton in Liverpool
lost COCO bales durius the week aud is now
i.og5 900 less than for the same time last year.
fhe stock OF American anoat is but little
4ore than half OF what it was in 1899
Tho movement for the day was by no means
large one. Port receipts were 2s,S46, against
s7.22l and 2o.S6i Houston received 7OgI,
against $3.50 and 1888 while for tomorrow the
estimate IS from $500 to $500 as compared
with 1854 in 1899 aud 1926 three years ago.
The New Orleans estimate is from $3.50 to
900 against 1865 and Sl06.
Tho alleged offer OF a member OF the New
York cotton exchange to make a weekly
WAGER from now until practically the close
OF the season. that the iuto-siEht for each
week Will be larger than Tor the corresponding
week last year, is regarded as huge inke
among the members OF the local trade. A
hrm Of Galveston brokers has expressed it's
Willingness to wager SlCO weekly on the mat
Ter and it EMPHASIZES the opinion that plenty
OF additional money could be placed in In.
kSmO directiou