The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-12
PRICE WAS AGAIN ON THE BULL SIDE
said TO Have Bought 10000 Bales
Liverpool Unexpectedly Good.
Movement Lighter.
Futures 2 to 3 points up.
spots firm and higher.
Liverpool to 3-64d higher.
ofhce OF Tho Post.

time. Later. Liverpool and longs were
heavy sellers and Before the close both New
York and New orleans had lost most OF the
Ssin, the fluctuations. however. having been
confined 10 verv narrow range.
Llyerpools close was from 2 to 3-Gid high
er than Yesterday while New York was TO
5 points up and New Orleans ranged from
unchanged 10 higher. Spots on the other
side we're in fair demand and at prices Lied
hSber 10000 bales we're sold.
Spots on this side manifested gratifying
amount OF nrmness and more businoss WAS
reuorted than for some time past.
New York and New Orleans each advanced
ec. With Houston and Galveston unchanged
The tone Was from steady IN firm,
The movement continues TO be quite small |
and there is no doubt that the light rcceints
are DOING thsir share towards pushing values
Inward Receipts At Houston for tho dsy
we're 55ea. against 5o7g lsrt wear and losg
three years ago whis ths estimate for to.
morrow is from 25no to G0oo against 5o95 and
1901 For New Orleans ths estimate is from
4nA 10 800. as comrared with il go and
ti77 Port rect!rtt were very light being
y loi AGAINST 36123 and 1926 Thc into.
fteo' for thf week. to be rercrted tomorrow
u no' eNntctad 70 co above mo 900
The market hss Eisdu4llv worked back
nearly ~ the position " occupisd before the
eeEiun'uF q 'be declines cauaod b, bear
ghost stories and fsry tales cf wonderful
large stocks al uncounted towns which we're
hrst made krovp duluE the early rsrt oil
last week The stat7tical position is sp
uarsntlv az firm ar rock the movement Is
gradually heeoming smaller and. in short
the bull feeling is as strour Ar IT has hsen
81 any time during the ssaton which s say
tng much However. Vt should always be re-
membered that there is liable to be con
siderable realizing when the nsures get No
around : 20 for March 10 New York and the
advice Of the conservative HOUSES 70 buy on
the temporary declines and seu on the little
advances would seem to he very good Just
at this time. II ls possible that advances
N SPOTS VIII also bring out considerable
amounts Of tbs actual cotton The hgures
published IN The Post this orning show
heYond the shadow or doubt that there
IS really very little cotton in the country and
while some holders viii. perhaps, await the
coming Of the long heraidsd s-cent price. Il
it likely tina, the larger portion Of the amount
siill on hand viii be moved gradually as the
market shows sirns of Improvement
March IN New orleans oDened AZ I ipa aud
closed at tbs. after ceiling hish at lie
aud low at IA This month in New York
opened AZ 1851 and closed az o,3l. tho
high and low eciinz bcinE done at 7.37 and
20 respectiyoly May opened at Z 30 20
sold hish at 80. low at 635 and closed at
1851.
\ New York onerutor 70 quoted a. follows;
There came into sight last week qis 600
bales Of American cotton aud yet the Amer
icau visible decreased 5000 bales. showing
that SINNERS took aa3.0oO bales uotNllh-
standing the Tact that every pressure ia briue
brought 10 raid the market and mike tho
would believe tho price " going down The
visible supply Of American cotton Is now
$4,000 bales less than last year. Assum-
inE that ap!uuers' taknRs are tho same 40
last year for tho remainder OF the season
and the sources OF supply we're the same.
We would only have on hand September /
reXt 100000 babes. for We only carried over
last semcmher l962vOO bales American.
when We remainder that the copsumution
of American Gotten this year will be at least
100000 bales more than last year to say
poihlhg Of the shortage in the India crop.
which will nave TO be supplied out OF Amer
lean cotton. aud the fact that the receipts for
The balance OF the season point TO 100. 900
bales less aud it is possible for then, to be
10000 less, and that at least 900 bales
of the cotton carried over from the last
CROP was the veriest trash. and hardly mer-
chantabe. and that the loss in weight on
this erop will amount TO 100000 bales any
one can see we are going to nave cotton
famine"
l. e. Gienny Co, OF New Orleans sa,
uader date OF January 8:
great deal OF liquidation has now taken
place on both sides OF the market. but win
the reduction OF weak long interest and tho
increase in The number OF neople who have
gov gone short OF cotton. the position would
be stronger one In the event OF market
influences AGAIN taking bulish turn.
cargIl & Richardson OF Houston say OF
cotton:
In response to much better Liverpool than
Nas due our cotton markets opened active
aud firm this morning, with Price a large
buyer. LIVERPOOL vas in evidence, however.
With large selling orders. and this. with
realizing by longs caused an easier feeling
most OF the gain being lost The daily move
plcnt was extremely small. and the into sight
tomorrow promises the lightest OF the sea.
buyers OF spots. and all southern markets
have hrner tons While tho tone OF thS
again quite bullish. We are stil inclined &
the belief that profits on long cotton SHOULD
no taken on the advances as undoubtedl,
hard periods. not only in futures. but II
SPOTS. Liverpool should be unchanged To-
morrow We would Ike 70 add that our
snow the following morning are not predic
lions. but are based upcn the last quotation
seen from New York before the close ant
are. given so that those who are not In touch
with the market may know what TO cxpcci
from the other side when they receive earlN
quotations on the Liverpool cotton market.
Especial to The PoHtA
New York. January IFS. Mum, Son 4