The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-17
COTTON MARKETS DULL.
Noticeable Lack Of New Features Is In
Evidence.
THE DEMAND FOR SPOTS HAS DECREASED
Continent Is showing No Marked
Disposition to Buy-Weckiy into
sight Figures--Thc Movement.
Futures /. up 10 > down.
Houston spots dull.
liverpool unchanged to i 1-2-0fd
ofhcn o. nae Post.


Office OF The Post
Houston Friday. February rs.
There were no new features OF interest In
the cotton markets today.
A considerable amount OF bear feeling was
IN evidence. and tho situation being I'M
changed otherwise futures. except one or
two OF the spot months. declined slightly
There was no demand for spots and all OF the
larger markets ranged from quiet 10 dull,
with but little business reported from any
point.
The day began with = disappointment for
the bulls. as Liverpool. which, In view OF
the events of the past few days. was eN.
pected to be s-64d or 4-e4d UP. was but 1-6id
better than yesterday. The American mar
kets opened around Yesterdays closing figures
and for a time considerable frmness was
shown. prices being better than yesterday on
several occasions. New York advices were
to the effect that the hrmness was due to
buying OF the near positions by brokers
representing foreign and PHILADELPHIA houses.
During the last hour or so. however this
buying eased off somewhat and prices de-
clned. the close showing a loss OF ) points
or some Of the distant positions IN New York
and an advance Ct points on two or three
OF tho near months. New Orleans was 8 to
Gown.
Liverpool futures at the close were un-
changed to 1894 better while spots were
luet and UNCHANGED All Of the American
SPOT markets wers UNCHANGED. and az has
already been stated there was but little do
ing at any point.
The movement continues along about the
same lines with. perhaps. some little diminu-
ton in the differences between the present
figures and those FOR previous years The
weekly into sight was 206,965. against lOi,4SS
last year and 1864 three years ago. The
total amount brought Into sieht since the
beginning OF the season is 7355.5Sl or lsli
29s less than in 1893 and 1850 less than ia
1881
The stock OF American cotton 10 Liverpool
gained 5Ooo bales during the week, but IS
stll i,l42O00 less than for the corresponding
day one year ago The enormous buying
which has been induced in during tho past
week or two will. OF course have the effect
Of decreasing this difference 10 some extent
but it can be easily seen that . consider
able amount OF cotton must vet be sent to
the other side to make the figures anything
like what they were in 1893. The stock aioat
is 3S.Oo0 less than last week and 1900
less than a year ago.
Just at present everyone seems to be play
ing waiting game and it seems probable
that until the foreisners begin buying freely
again or some other new feature OF Interest
is introduced. prices will remain at about the
present level. Tho bulls show the faith that
is in them BY predicting prices still higher
than the high water marks which have al
reGdy heen recorded. and say that such ad-
yances will be brought about, not as n
result OF manipulation. but in consequence or
legitimate conditions Tho supply OF the
Ftaple they say Is not equal to the demand
which must at one time or another manifest
itself in view Of the fact that aplnners across
The water are very short. On the other
hand there Is nothing in the situation as 1t
exists now 10 indicate any immediate i'm.
proyoment There is a noticeable lack OF
activity in spots, the movement is quite
heavy. comparatively speaking and the con.
sumers on the other side seem to be waiting
for something 10 turn up, Speculation is lack.
ing and until this something does turn NJ
'he situation. it would appear that a scalping
market around present values will be II
order.
May in New York opened at S.si-G5. sole
high at $50, low at 500 and closed at S.6o-6i
The same month in New Orleans opened al
$3.50 and closed at S.5s-5i. after selling hisl
at SEE and low at SIS.
You can't find anything rev in the sltua.
ton said New York operator n day OF
Two ego. Point out thing that is really
new. II YOU can. 1t IS simply the old ycasl
working. New Orleans advanced 81 a bal,
o. Monday. Liverpool is also up 81 10 50 .,
bale since Saturday. And why? simp,
and solely because the cotton is wanted and
because the contirent is beginning 10 lool
upon any hlgh crop estimator as q mahu OF
false prophet or Red Mokanna The market
Is running red with bear blood because
shorts and SINNERS LAUGHED at low cror
estimates. Receipts are big, as Won soc
vet the continent buys ravenously il mas
seen the handwriting on the wall II speaks
sl the dinereaee be between 100000 and 5000
wy. or at most e.hOo,o0O Bulls are not manlp-
ulatinc the market. II IS no one man market.
IS you SEQ for YOURSELF
carsil & Richardson OF Houston saw Of
cotton:
The strength in March cotton (New York,
continues the feature. The Improvement Of
the near months there Is not Thought 10 he
the result OF manipulation or an atIemnt ~
squeeze shorts. but more the desire OF a Jew
operators 10 secure the spots when the month
natures. The buying In March and MAY was
by prominent Philadelphia house and tbeir
Foreign connections. The Liverpool market
this morning. was quite disappointment ID
pun operators hut despite the tendency Il
hesitate there. our markets opened and ruled
MIN throuahout the forenoon. became dui
toward lunch time and iselined slowly dur.
INK Ahc last hour. The situation In cotton
shows little change. spots have lost the;,
buoyancy. spinners' orders are scarce anr
the interior continues TO OF pr mere freely
but are not willing to mako concessons II
the price. The short interest seems 10 +,
we'll eliminated. and speculation sufficient I,
advance the market Is lacking ola tim,
bulls are ready and willing for the price /,
decline so that they can again enter m,
market. and the bears are pursuing eau
tious course. selling only on the little I'M
trrns and taking small profits
Especial to The Post)
New York. February is.-s. Mum. son
Co. say Of cotton:
Cotton advanced 6 to 10 points early. Marcl
showing toe most strength. ewing TO cover
Ing By Liverpool The continent and Wal
street, Later on there was a reaction. OWN
TO realizing liberal receipts and a lack Q
snap IN the speculation The market tht
sfternoon waa largely professional outsider
showing less interest," II there was lquida
tpn Of outside pyramids sudden break ma
occur 81 any time Liverpool was dlsan
poinlinf. the rise there being only y 10 ID
polnfs. OWING 10 liberal receipts al the mort
ara Interior towns, The tendency IL 10 In
crease the pramtlm On March ara MAY owe
lttgr nippfha. owing 20 tho Eacrt Interest /
sine near positions and The fact fiat Me Ia