The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-21
Contracts In the American Markets Showed
aLoss Of 3 to 10 Points.
SITUATION PRESENTS NO NEW FEATURES
Movement Gives Evidence of some
piu,fuution - New Orleans Spots
observation-disclosures Unchanged.
Futures 3 to 10 down.
Houston spots quiet.
Liverpool unchanged.
onice OF The Post.
Houston. tuesday. February 7

The bear feeling which has been in evidence
in the cotton markets for . week or so past
was even more prominent than usual today
A A result prices on contracts declined ana
soma weakness was shown in spots Tnere
a-s hoveser, no features Of Interest to be
seen aside from this.
The day was commenced under untaVofaole
circumstances early cables showing dociaed
weakness in Liverpool futuresr Later most OF
this loss was regaiuod and the close was
practically at yesterdays figures but the CIR
cunstance had deieterious effect on prices
Oh this side At the opening the American
rnnrkets were to points below those Oh
Yesterday The range OF fluctuations vas
quite a narrow enc and there was not much
trading on either siue during the day but
what was done was. in the main, IN FAVOR OIL
higher values and as a result some OF inc
near nostions which showed a decided weak
mesa early made scme gains later in the day
CLOSING prices were to 10 down IN New York
and to down in New Orleans
Liverpool spots showed the effect Of the
irregularity in the future markets by going
LIED lower, at which figure only 5000 bales
were sold
Spots on this side showed no change except
for the feet that for the frst time since the
bigh water mark was attained several days
ago. decline was In evidence. There was
no great amount Of business done at any
point, but notwithstanding the continued
apathy Of the foreign buyers. the only market
which went lower today was New Orleans
prices there having been decreased l-i6c
Prices are maintained by the fact that al
though there is no demand for the actual
staple the interior is not Offering IN sufficient
quantities to warrant any declines.
The movement continues along practically
the same lines. although evidences Of ma
tsrial falling off in the near future are be-
coming more and more apparent. The re-
celpts are stll quite large. but they do not
exceed the figures OF previous years In such
marked degree as formerly and adviccs from
all parts Of the country tend TO bear out the
belief Of the bulls that after another week or
two at tho most the moccmeut will foil OF
to practically nothing
In some quarters the prediction Is still made
that &c cotton will eventually be the market,
while on the other hand there are conserva-
tive operators who would not be surprised at
d decline at any time. The truth OF the mat
Ter seems to be that tho market at present Is
unusually susceptible and that values VIII so
up or down according to tho nature OF tho
new influences which are first brought to
bear. In the meantime reliable brokers and
others continue to look for a scalpins market
around present prices
Houston today received ss9l bales against
2ssG last year aud 2763 three years ago, while
for tomorrow the estimate is 1000 to $500
against l1ol and 3O5s Tho New orleans cstl-
mato Is 1000 to 5000 as compared with 6oS0
and 1880 Receipts at the ports were Si.252
against 1924 and l6,Oai
All Of the American markets will be closed
on Thursday, February 70, in observance o
the anniversary OF the birthday of Washing
ton
The range of prices in tho future markets
open. High. Low. Close
May ..;.~...s.4s-ie s.5s sta s5-'
~ lsy 'o,D sss, q 81 $50 s,ss-a
August ......ssSs-Sa si9 sS7 $40
Recent udvices from Alexandria. Egypt, say
j. Planta q Co. furnish report, made b!
w e. Garstin, under secretary Of state 70
public works, dated Cairo. January II, whcl
says: "The abnormally low water levels a
present maintained In the Nile have give
rise TO some apprehension that failure G
the summer supply Is to be anticipated,
must be admitted that the latest account
do not tend to make tho prospect of an
dmnution In the fall very probable Tn
commissioner OF urganda, writing October /,
1899. stated that the water level of the Vic
torfa Nyauza lake stood at that time tw
feet below the normal, and that the heigh
al the Upper Nile at Wadolai was four aud
half feet below the average OF previous years
He further reported that there had been a
almost entire absence of rain over all tina
part of Africa. more especially the vcint
OF the Albert Nyanza lake, SO much so that
famine was feared In those regions Til
last kilograms received from the White MI
report an unprecedented lowness of water i
that stream.
carglll and Richardson of Houston say q
cotton:
Liverpool was considerably lower at on
time today but they, reclaimed all the carl
loss, closing practically UNCHANGED from yes
terday Spots, however were marked o
l-l6. In our markets early prices were 70
points lower. part OF which was reoovere
later. There we're no new features of interc.
brought out The movement to the ports cor
tinnes liberal, which restricts buying TO SON
extent but reports from Alabama and Georgt
say a week or ten days OF favorable weatht
will suffice to clean UP all stocks now @
hand; and reliable information from the II
terror OF Texas is to the effect that when n
present shipments are over. It will leave lit
n come forward Opinion is much divided
to the outcome from now on. Well inform,
people say the price is too high, but at q
same time many as we'll informed operate
are predicting cents for May New Yor
n he market Is undoubtedly In position
be easily influenced either way. and an u
usual demand will affect prices materially.
Especial to The POST
New York February 2o--s Mum. Son
CO. say Of cotton:
Cotton decilued ! TO 5 points. owing to d
appointing Liverpool advices. large receir
and local New Orleans selling Mempi
writes; stock reduced TO- 900 bales since n
day last. Goldthwaite, Texas. report
Acreage will be about same as last year,
any difference Will be slight dccrea
Nscogdoches reports. Farmers have col
n1crced In earnest to prepare lands. w
fin season crop will be Immense judging
ntf ast ~ acreage Dayiia Texas, writ,
i¥f cnerts will be made to increase VII
owes laeS fyeqr No so much Ia amount
lAtd seeded but better system OF cultiyatl,
tAn4s, Ca. says: Little guAno hauled far
e4e rot bent on much cotton.
Some think tho bulk OF the crop has b,
nlsrketed Huslness 70 New York Is larg
4 e%ehanees. Foreign orders were 10 /
October. Egyptian operators were liquid
iLx In Liverpool Some high grade cotton
uolating this way, but no, large arrivals
Looked for. as the New York parity is
inflow that Of the South. We look for a CO
rsrauyeiy marrow scalping market for Il