The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-25
The .emi, wselly slatemsnt i0r thlrteol

p. Gisnny & Co. OF New Orleans say UNI
Ger date OF January %:
The main feature at present is some In
crease In receipts. This has had the effect
Of further stimulating the tendency TO realize
on long cotton which, at roourrent intervals,
has conspicuously marked this scason, ON
several previous occasions, just such selling
has checked advances though II has also had
the effect of keeping the market In a healthy
condition. This liquidation is especially no.
heeable on the part OF Interior operators, who
have, all through the advance. seemed from
past experience in recent bear years, TO have
become imbued with an excess OF caution.
Recent bear talk emanatiug from Now York
must be acknowledged TO have had some
effect In causing some to part with actual
eotton where satisfactory prices were offered.
strong demand was developed from the
continent and II Is not surprising that this
combined influence has resulted In more cot
ton moving than there was. We look for some
furiher continuation OF the more liberal move
ment and then, unless we are nisead by tho
sdvices by which we have been so correctly
guided so far, scarcity again. Much stress
has been laid upon the comparative large
proportion OF receipts at the interior towns
We are inclined to consider this as bearing
out the Information which we have received
rs to rapid marketing from and baroness OF
plantation THIS season, for some time past
there could not be expected anything more 10
speak OF from the fields while ia previous
bear years they have been known even at
this late date. TO he adding TO the supply. A
Tong period OF abstinence on the part nt our
principal customer, Liverpool Is acknovl-
edged TO havo somewhat lessened port re-
ceptE, but the English demand was replaced
by demand from other sources sufficient TO
keep pricoS In the centerS OF production
above the parity with all othcr markets and
70 serve as some explanation for whore a
part Of this crop has gone We do not Doubt
tho existence Of some moderate accumuIa-
hons IN country towns in the hands Of peo-
rle well able to hold them but tho rrop
which would no pointed to BY port receints
alone Is too small 10 approach The irurns
az conservative small estimates
ish Our today's Liverpool letter RAYS; III
certainly looks as N natural corner would
Re kept up during the whole Of the season
st no inportsr, ia going 70 be foolish enough
ssist IN the distant months great deal has
nsen made OF the large supplies in the count
20 and unoountsd interior towns as compared
70 last year That there Il more cotton IN
bales IN the South is more than probable
Put how about the quantity In lint as there
can be nothtng like the sams quantity in
eithe- The helds or the gin houses"
The New Orleans Times-pemccrat Of tues
dsy says.
The changed conditions OF the cotton trade
are lnirrored in the relation which old cron
bear TO new crop deliveries AT yesterdays
close the New York price for January was
i.fo, while December usoo) was going at sfO--
discount OF 50 points. or s445 per bale. Now
there are some facts In the case which may
be1ome very important:
], The new planting will not be under way
for many weeks yet, and the METEOROLOGICAL
conditions may once more teach the lesson
tina, mnn proposes. but God disposes.'
,. He who sells new crops at such fearful
discounts must do so out Of his head !" there
Will be no such thing AZ a hedge, unless
vertable eataclysm in spots should super
yene.
2. On any tenable theory OF the crop OF
1883 1900, the supplies viii be drawn down 10
fhe danger point at the beginning of next
season, and the mere menace OF deficient
Yield would bring bear panic in Its train
in that event the luckless short" would be
81 or Sc per bale Co the bad, apart from the
change Of price level for the actual stuff
s. There IL no lack Of dice boxes and other
implements of chance IN the land; trspsac-
tons q thst ynfttS are distinctly more con