The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-15
COTTON SLIGHTLY LOWER
Disappointing Liverpool and Heavy Selling
Resulted 10 a Decline.
VALUES WERE AWAY UP AT ONE TIME
puyinE by Europe Caused the Still
ness--spots Generally Higher-rhe
Movement Continues Large.
Futures unchanged 40 o down.
Houston spots steady.
Liverpool = 10 3-0fd up.
Office of The Post.
Hou.t0n. wednesday. rebruary 4.

ONCE OF Inc Post.
Houston. wednesday. February II.
Both the bulls aud the bears had a chance
at the cotton markets today. and when the
smoke OF hattie finally cleared away 1t was
shown that the operators composing the lat
ter class had slightly the best OF II.
The range OF fluctuations was quite wide
one ard considerable trading was done In
both OF the big markets. Early Llverpool
cables we're unsatisfactory as that market
which opened at an advance OF about i-oih
on the near months began TO show decline
a little later and closed esd up on the near
months TO up on the distant positions 10
view Of the advance made hero yesterday
much larger gain due sno's or the
other side. however. continued to improve.
l-s2d having been added TO prevailing prices
during the day.
The American msrksts wera weak at the
opening. which Vss lower than Yesterday
close bv { TO T. points. During the forenoon
tie easiaess continued recruit Of h.a'y
ceiling BY Price and others. who were lone
on tho stapls. About noon decided saln
was made n hcoyy European buying. prices
at one time going 16 10 IS points above the
opening Later however,, a reaction oe-
CURED and after that the markets barely
held their own until the close which was I'M
changed on the distant months to . down on
some OF the spot positions in New York ard
Unchanged to down in New Orleans Re-
ports from the latter place during the DAY
were to the effect that the market there was
extremely sensitive and was hucfuating wide
ly or any slight influence
The bear feeling was rather prominent all
during the day and az times nrldominatsd 70
noticeable extent. Conservative brokers
advised the selling OF cotton aud further
counseled extreme caution. saving that, al
though in their ouinion. the market would
eventually 20 higher 1t would he well to be
very careful at present particularly in the
matter Of holding much cotton over night.
A reyulsion OF feeling can easily take place.
according to the opinion az one Of thssc
houses ana z change Of sentiment which
would put an entirely different aspect on the
situation occur ia tho twlakling OF an eye.
Ire spot markets that changed at all dur
Ing the day changed for the batter The
same conditions as have prevailed for some
time nass are still tn evidence in this feature
q the situation and the fact that the little
cotton yet unsold IS being quite strongly held
would apparently indicate that still higher
prices are looked for. Notwithstanding this,
there are members OF the trade who believe
that the liberal movement is keeping up too
long and that II shows that there is really
more cotton IN the country than was ex-
peoted. All such features as these. should
OF course. be taken into consideration by the
unparalleled operator. Prices arc now far
ahead Of what any ons expected them TO hs n
few weeks aso and while further advances
DO not seem altogether improbable. the ex-
listing conditions Rre such that reaction
should not be unexpected at any time
Houston spots were steady and unchanged
while Now Orleans and Galveston. by adding
l-lec. came uD to the level assumed by thli
market yesterday. New York was &c up
Satisfactory sales wero reported from al
points.
The movement. ms has already been stated
IS Htll quite liberal and appears to he yer,
large indeed when contraSed with the ng
ures for year ago. It should be rcmcm
bered. however. that at this time In lSa
weather conditions which we're almost uu
precedented in Texas were prevailing tn,
extreme cold having the effect OF curtatin
receipts TO a very considerable extent Thl
will explain. in degree at least tho ma
terial differences in the figures PARTICULAR
those shown in the comparison OF mort re
ceipts- which were 1851 today. against 1903
last year and 121io three years ago IIous
ton received eGs1 for the day. against 900
and 1908. while for tomorrow tho estimate
60o0 20 $500 against 1899 and 2sis. Tho Nc,
Orleans estimate is 5000 10 9o0O as compare
with 1907 and 1913 Receipts at tho thrice
uneounted towns since the last report wer
52,2s6. against 1850 last year and 27.s6i Il
1897.
The range of prices IN the future market
was as follows:
49, Open High. Low. Close
Nav ........ SSl-59 $50 SIS st7
New York
May ........ s.5o-6i ssh $50 s0-s
August ...., sS7-lS SIS S47 S5i-S
The semi-weekly statement for thrice
leading interior towns shows;
Receipts. Shipments STOCK,