The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-18
COTTON DULL BUT FIRM.
Range Of FIuciualion the Nsrrcwesi Of The
Season.
PRICES IN FUTURE MARKETS ARE HIGHER
The SPOT Situation Practically I'm
cbnnre,I--Rumorcd that Nc,u Has
Reiuced His Crop Estimate.

Houston. wednesday. January il.

eIusEshness more marked than al any I
time during the season thus far was the
most prominent characteristic OF the cotton
markets today The range OF npe'dauons
was extremely narrow. but. Notwithstanding
the duiIness prices rued very firm, and
the close was at the slightest point Of the
day
Earle rtrStpooi was considerably better I
than expected. being 2-6id higher than yes
tstdsy at ore time and IN sympathy sith
this feeling the markets this side opcned
at an advance There was very little lusi- !
ness doing but what there was was IN favor
Of higher prices. and values went up grad |
uaily. New York at the close showing an
rdyance Of to points, with New orleans
4 TO 5 better than yesterday. The Liverpool
close wss at an advance of l-Gid on tho near
months to unchanged prices on the distant
positions
Liverpool SPOT prices we're unchanged and
the demand fair. 1000 bales being the rec /
ord for the day The foreign demand for
spots was limited but the majority o; re-
ports indicated that there was no change IN
the position assumed by the producers IN (
The Interior where cotton Is being held as
hrmls ss ever The home spot markets ruled 4
steady a. unchanged prices only average
N0itN friuN 4NpNtlNu lAvAh any " taa aalNts
roints
Aside from the reeeipts at the ports the
movement was as small as oveu tho most
ardent bull could have desired. The in
crease at the ports was due largely to the
l6,o0o bales. which were cleared at Sabine
PaSs. and the increase at New orleaus. the
receipts AZ which place we're i0,522. The total
port receipts Tor the day were 4L22i Us COM
pared with e4d69 last year and SGT three
years ago Receipts ri Houston were 2ieS
against 1921 last year and 4272 in 1897. while
for tomorrew the estimate is from 5000 to
500. against 1908 aud 329s Tue estimate for
New Orieans IS from 400 TO $500 as com
usfed Nith 4e43 last year and $500 three years
ago. somewhat frecr movement Is looked
tor by some members Of the trade but the
bulls, while they copcede inst there may he
zone increase for few day. sag that tue
movement VIII not AZ any tilae he large
rne and that q Wlii continue 10 point to
crop Of considerably less than g,0co 900 bales
report which attracted some little atten-
ION during tue day came from Liverpool aud
vas 10 The effect that the advance there WAS
ptrtiN due 70 the fact that Neili had re-
fueed his est mate No details were given.
and there was 90 confirmation OF the story
IL SEEMS likely thai " reduced ea,mnte
hsd really been issued the market would
rave been affected moro than it was, as. no
sde. there is doubt that Nell Is stili n
rover across the water. Further inlorma-
ton 10 the nremises Viii be watched with no
lttlN interest.
Other advlcos from Liysrpoo attributed
the better prices 10 the improved condition
81 the Manchester market and tho extreme
rhtnsfs ~ otferiugs from the south
March IN New Orleana opened al la-1f
ard closed AZ ilt-2N. srter selling high al
20 and low A. Il The Same month IL
Nov York opened az ,9S-2i sold high At
3 and closed Al KS 30. May IN this inSr
set opened III 81 s. ana eiosed NJ q a.
inc hiea ana low asilinE beps d9no DIT SO
,nd fse
"Ths largely increased offerings OF spot'
~hion tbs hehrs have been promising US tol
se long have failed to matsrislize. ssid
bplish member OF the exchange TODAY. "snt
instead ve find spots heine held worry nrml,
indeed. MY adviceto tho farmers rs TO holt
their cotton II they kssp It for mont
longer they viii without shadow Of
doubt In my mind reglilo much high5
prices. or courso. the South African war
disturbing element but ! think J hay
good grounds for the statement that one De
eded victory for British arms in the Trans
vaal would result in cotton golng al leas
- points higher, | am glad 10 SEQ this di
versifcatiou talk which Is being made jus
now. aud think that diversified crops vii
yet prove tho emancipation of the souther
planter. According 10 my figures. this sea
son S short crop Mt the prices prevailing no'
will he worth something ovsr oo0 NOR
tiian was the biz crop of last year At III
bottom price, ="