The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-16
Most Of the Decline Of the Day Was Re-
gained, However
LIVERPOOL WAS CONSIDERABLY LOWER
Free selling by BuIley and Price the
Cause-spot situation Practically
Unchnnged-Thc Movement.
Futures unchanged 10 = down.
Houston spots steady land IN
changed.
Liverpool 2 liz 10 = 1-2-s4d down.

Houston. Monday, January IS.


this side opened under Saturdays closing ns-
ures. No recovery wss made In Liverpool,
considerable selling being done there by Price
and by Buley, and the close was at net
loss OF ~ TO th-64d.
There was considerable selling in the home
MARKETS. early, and this. in connection with
this unsatisfactory state OF affairs In Liver
pocl, had the effect Of causing some easiness,
prices at enc time being about 10 to II points
below Saturdays figures in New York. Most
Of this loss was sooa regained on fresh buy
ing, however. and the close was al decline
o, only points in New York. while New Or
leans was unchanged to l point down.
Liverpool spots were in fair demand only
and at prices 1-s2d lower than those OF Satur-
day. 10000 bales being sold. The spot situa-
ton on this side remained practically UNI
changed. There is not great deal OF ousi-
meas being done and while Eastern and Euro
mean reports say that offerings are much
fresr, such a condition OF affairs is not re-
fected by the statements Of local representa-
tiyes OF Liverpool and other foreign houses
Most Of the cotton still held-and the most
reliable reports are TO the effect that the
amount is a very email one--is not for sale
esoep, at prices in advance Of those now
quoted and scramble to sell is not at all
probable, notwithstanding the bear Influences
which are so persis tently at work on the mar
ket The Posts special report and the state
tnsnt's issued By the various railroads OF the
state showing the movement over their re-
sperttva lines. indicate beyond the shadow OF
a doubt the fallacy Of the belief that there
ara large amounts OF cotton on hand IN the
uneounted towns. The people who hold TO
this view base their assertions on the size
OF the stocks at the counted towns claiming
that the conditions in the smaller towns must
Of necessity be the same. Their stand, how
ever s not supported By the best obtanabie
information at least so far as Texas and the
Territory are concerned. The movement at
the ports and in the larger interior towns is
constantly becoming smaller and most OF the
hsrres now in evidence are below even those
Of the short crop season Of 1881 The true
tyste Of affairs viii soon be apparent, how
ever Facts will then take tho place Of
theories and Euesses and Il the foreign con-
sumcrs DO not End then that they have been
voefuliy riisled by the allegations Of the ex-
trene hears, great many people who have
becD watching the course OF the market viii
te compelled to believe that thers is nothing
in the old saw to the effect that figures do
no, lie"
Eec.ipts at Houston for the day were 1854,
against 6si3 last year. and A25 three years
ago, while for tomorrow tho estimate is from
fnoa 10 1000. az compared with 7iSs aud 6t6S
The New Orleans estimate Is from 10000 &c
1900, against 22,s7s ara 1902 Port rscsipt'
vsre e55i2. against 4s,cns in 1893 and 2s,bI;
In isaT..
spots we're steady and unchanged az ell Of
the larger markets excert New York, price'
a. which point were t-1ee lower than those
~ saturday.
march in New Orleans opened a. ISIS am
closed al la-2A after selling hgh at Z 20 ant
low At iii The sam~ month IN New yori
orepsd At 7st.s7. sold hiEh >, 7.2b low a
~ ard closed ut 73I-sS- May IN this mar
ket opened al 1887 and cloeed AZ 7 81 30, tn
hlsh and low selling bsins done at 40 sn'
7.si. respectively.
Unless all signs fail" said an operate
today. I'VE win sec the most active speeula
sasu sa lammns suimoa sui uolioN NJ uoI
experienced for years. The present temper q
the market Is besrish. and with the recen
hear progsnda which appears TO have bee
very far-reaching. II Is but fair 70 infer tina
every miil-ovner and spinner in ENGLAND. IN
Continent, Japan. China. Mexico, New Ems
land and even our fair southland. was advise
nv wire 10 hold their purchases Of cotton, q
the huh speculation wes over, and the Ions
expected decline WIS here. All OF TINS has ne
stoned spindle and tho demand Tor IN
actual cotton must go merrily on. REGARDLESS
OF what future spectators do or think. Tho'
who arc well posted about the crop situato
realize fun well that the amount OF ootto
remaining in farmers hands is almost nil
hence Il is question OF only little tim
when all this huncombe about the ootto
being held back will be brushed aside, an
the poor deluded EngliHh spinner viii hesi
10 grasp the situation and clearly see how
has been led along by designing bear spocr
lators."
Mall sdvices from Alexandria. Egypt, I
stoddard, Hasorick, Richards & Co. Bostor
dated December g. say OF cotton. aceordin
10 the New York Commercial:
III is natural that prices should fall fro,
the high level to which they were so rapid
driven. AT the same time, there is no doul
that an active and profitable trade Is heir
done by spinners OF Egyptian yarn. and v
draw attention TO the heavy shipments mad
since the beginning OF the present seaso
These are today about $50 900 cantars in e,
cess OF the shipments made in the same porto
last year. which means that the Increase
crop which We anticipate this season has a
ready been disposed Of The shipments
January are expected TO be again heavy.
Those Of last January were comparative
light 30 that by the end OF the month III
stocks will DO some 5000 cantars less avail
bic than last year. Under these circumstanc
II would seem that the supplies win not
at all 10 excess OF the requirements, and III
prices will be, on the whole, maintained.
Abassi cottoDs there is almost nothing ore
ing
carsili Richardson OF Houston say
cotton: The Liverpool cotton market, viii
has been showing considerable strength
late. took a turn downward today under lar
selling by Bulley. who has been credited wi
some manipulation IN the near position
Price was a seller there also. The decli
abroad brought considerable selling into 0
market around the opening. but quick
uoyery was made under new buying for Sout
ern account. Cables from Liverpool said III
spots We're being offered more freely frS
America. but inquiry among buyers With III
srpool connections develops very small OF,
iugs aud almost no business resulting 7
Continent who were good buyers last we,
we've out OF the market today. but we belize
ID is only q question Of short time when
good business will again result. The "a
however that considerable cotton is stiIl
sale fraction over the present quotation
prevents any scramble Tor the staple. T
movement was little frser today, and In
eafions point u slight increase. The lar
stocks Of cotton a. The thirty.cne count
theory that the uprnunted towns hold props
s 3 tIorately as much. The several statensei
a.