The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-24
Spot Demand Fell or and Prices Went
Down Somewhat Lower.
SPOT OFFERINGS CORRESPONDENCE LIGHT
Bulis Have No Fear of the Ultimate
Result, Notwithstanding Increase
in the Movement,
Futures unchanged to down.
Houston spots quiet.
liverpool unchanged ut 2.64'
oinoe OF The Post,


Cotton wss duller today than 1t has been
70 some time past and the close OF the day
showed a slight decline in the price OF
futures
The day opened With Liverpool cables
showing that market to be lower than yss-
terday and as result the home markets
opened at a decline. The range OF fuotu-
atoms was not a wide one and there was not
great deal OF business done at any time.
The demand for spots. which has been an
unusual one for three or four days past.
showed some diminution and this had some
effect on futures, Altogether however. the
tone OF the market was healthy one and
prices never went below tho opening figures.
the close being slightly above the opening
but not quite up TO Yesterdays values. There
was considerable selling by longs and others
who viewed the situation from a bear stand
point. but Liverpool was on hand TO take
practically all OF the near months offered
and this influence was little too strong
for the others which were at work.
No definite reason for the decline In Liy-
erpooI. further than the falling of in the
SPOT demand, was given. but 1t is Understood
that the doubtful character OF the war news
received during the day may have had some
thing to do with IT, dispatch from news
agency was TO the effect that the British
war office had a lengthy cable from the front
which II was withholding. thus lending TO
the belief that tho news in the message was
anything but favorable. The close III futures
on the other side was from unchanged to 2
points down. Spots fell on l-i6d and At
the lower prices but 10000 bales were sold.
The close in New York was from unchanged
10 points down while New Orleans wac
TO lower than Yesterday
The decreased demand for spots had no
material effect on the American spot mar
kets eNcept 10 make the sales reported frcn
sl points considerably smaller than they
have been According to reports from the
interior the falling of In the demand has
been fully met by corresponding dminu-
ton In the size Of the offerings. SO 1t would
sppesr that there is no srest amount Of dan
ger 10 be apprsheuded from that quarter.
The range OF the markets was from quiet 10
firm Houston ana New York were uu-
changed while New Orleans which. It viii
NJ remembered. advanced l-lediio yesterday
when there vas really no apparent reason for
such actor declined i.isr to-day Caves
ton revised prices by adding 40 10 low or
dparv allowing the other grades 10 10 good
yuiddnuF 10 20 unchanged. and suhtractns
Is. from good mddliuK and middlins fair.
rne movement is beginning 10 increase
-ooterisllv "a result of the larRe amount
a. ccttou which the high priceA brought
ont and some preA,ct thar within tho nett
nv DAYS " will be as large as Al any time thie
season II Is not feared however, that the
larger figures will have any decided ten
dencv 70 force prices doun except. perhaps.
Tor short time The bulls saw that the
position Of thu stapls IA now stronger than
ever before snd they have no fsar " the
ultimate result although thsy admit that
Temporary declines NAV result from the in
creased movement
Houston's reeeipts for the aav vera l2 O5S
against 7s4s last year and 6al4 three yeara
$50 white for tomorrow the estimate Ia from
se0o 70 1000 against 26ge and 1864 SoN or,
lARns exrects to receive from lo.oOl 10 10 700
&c compared with lL97i and $50. Port ru-
e'r,s vero comparatively large
fhe range Of nrioes on tho quoted months
in the two future markets. was rs follows.