The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-19
Foreign Splpucrs Want Cotton and Want It
Badly.
EXPORTERS WERE pEluGtp WITH ORDERS
All Markets Went Ur--Trers-..i Hu-
.ncrs Favorsblc-nfcvent 10
Somewhat Free..
Futures points Up &c ? .cw=.
Houston spcts 1-tec ur.
Liverpool 2 l-2-84d mp - ! dcw-

aer,ten. rhur,aay. I.auary q

Houston, Thursday, January s.
TIE unusually active demand for spots vss
the feature OF tie cotton markets today
The consumers on the other side, 1t would
appear srs beginning to realize the serious
ness Of the situation into which they have
sither drifted OF been led by Mr. NELL and
his followers
The developments of the day ali helped 10
demonstrate the fact that spinners want cot
ton and want 1t badly. Local exporters were
in receipt Of unusually heavy orders during
the day and reports from other points indi-
Gated that the demand was general. All OF
the spot markets advanced and at New Or
leans. which has been the banner market for
some time the sale Of 1850 bales was report
i'd Spot offerings were somewhat freer than
usual owing to the stiffness Of prices, but at
no time did the demand fall behind the Of
ferings and thus give prices a chance to
ease off. The advance at New Orleans was
Nc and the same figure was added at Gal
weston, while Houston and New York each
went UP 1-l6c. Sales at all points were salts
factory.
In the face OF the activity In spots futures
could not resist the Impulse to advance, not
withstanding the fact that there was con-
siderable liquidation during the day. Early
Liverpool was better than expected as has
been It's habit for some time past, and in
sympathy with the condition on the other
side the home markets opened at an adj
vance. The advance on the near months was
sradus during the day. the close being at
She highest point. but tbs new crop months
both markets showed decline, thus indi-
ting that the farther the new year is gone
al fna NJ
crop. Liverpool was large buyer in
York and Nov Orleans, practically all
be liquidated cotton already referred to
readily absorbed by the other side for
purpose Of unooverlng straddlcs The
wires brought persistent rumors dur
the day 10 the effect that Ladysmith had
relieved and this news. although it
led confirmation. undoubtedly did It's share
cushing prices upward
he close at Liverpool was at an advance
2as31-6id on the near months and a de-
iine OF i-64d on thu distant ones. Spots in
that market we're in fair demand, 1900 bales
being sold at prices l-16d higher than thoeo
OF yesterday New York closed from points
down on tbs distant months to up on the
spot positions, while New Orleans was .
down TO up.
p
ms the day was to the effect that there was
good undcrtone to tho market there owing
10 the strength OF spots abroad and tbs
satisfactory condition OF money, but that
thors was plenty OF cotton for sale there a,
'.25 for March
lht movement was comparatively light, al
though 10 some cases Increases over figures
for the corresponding days last year and
thTee years aso were in evidence Houston
received SSs7 bales. against 1908 and 329S.
while for tomorrow the estimate Is from 5000
10 5000, m compared with i5is aud 25i9. New
orleans expects TO receive from 5000 to
5000 bSles against sboS ana ego Port re.
,clpts for the day we're 2o.6si against 1890
ast year and 1857 three yesrs ago The est-
mate for the into sight tomorrow Is gao 900
bales, which ia large comparatively speak
Ing
Cotton now seems to be stronger than ever
before and the story OF each day Is only nm
additional chapter in favor OF a small crop
and higher prices ~ the statistical posi-
ton of the staple IA alone to be considered.
However, the character OF rho news from
South Africa viii no doubt affect the situa-
tion materially, and on that nccount as well
40 because OF the fact that there Ia always
considerable realizing whom tho chalk marks
get UP 70 their present level, the conservative
houses are advising caution aud conservatism
in handling the market. The extreme bulls
are rtill urging spot holdera to retain thor
cotton for r. few more weeks. claiming that
The advanced values must come very soon.
Tho whols hsht. u would appear now, cen
ters around spots for, notwithstanding the
outside influences which are nt work. spin
ners must have supplies for their mills and
sput cotton and not chalk marks must form
these suppliss
March cotton IN New Orleans opened Al
77a-2t and closed at T.si-sS. after selling high
a. T.7s and low at T22. The same month IN
New York opened at 1850 End, after sell.
ing high al 7.ss and low at 1856 closed at
7to-N Nav IN the big market opened At
11-4s sold high al 74S low at Lss snd
closed 81 1884,
Z 2. Gisnny 4 Co et New Orleans saw
While prices vlli no Doubt continue to BE
s&eotss by the news sren the rrausya.l, The
s.oaeer question o. supply and demand IS at.
tracing increased attention Liverpool stock.
ssye reached low water mark witch IS he,
ginning 70 rsquirs skilltul steering rht
shoals ahead have for some time past beer
botntsd 70 py some OF the DeSt English houses
and temporary breaks IN futures do not lessen
the warnings which they are giving Many
are still awaiting the promised increase n
the tide Of receipts, but recent sudden buiget
IN spot sales IN this market show that som,
are getting nervous and trying TO navigat,
into deeper water.
The custom OF conservatism which We hay,
always found II wen 70 adhere to forces III
to reepect the possibilities which may III
behind the utterahces OF the big crop prophets
who have on many previous occasions prove,
right after others have seemed about 10 pu
theni in default, but while. on these prevlou
cccftions, we have generally been able I,
discern the signs which they have pointed TO
thsre are as yet no lights before us to lnd
cats the correctness OF the courso which the,
advise When the meaning OF the small
fatic Of the movement to date Is fully graspe'
II Mas 10 be acknowledged that accumulation
could be quite large without impearhng small
crop prospects. Each week that brings int
sight such small amounts places an increas
iur burden upon the weeks 10 come oul
liverpool friends write us: Though perhaps
there IS not quite so much profit to the manu-
irefurer MS there was short time ago, still
spinning is good trade" A circular from
smother esteemed Liverpool house says: 9Th,
position here is FAR too acute TO allow Of
any attention being paid to what any indi,
Sidual may think"
Taking the most careful adyices OF gu,
most conservative Interior friends, We car
ind no evidence OF more than moderate &C,
eunuiauons at the general average OF this
}au-ne and " without any si0ne a. Al