The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-20
FUTURES DID NOT ACTIVELY RESPOND
Their Advance Was Prevented by tx-
tcnsIye Selling by Longs.
HOUSTON Spot SALES UNUSUALLY LARGE
liverpool stocks Rapidly Decrens-
ina--Increase In Movement Es-
pected-Irtc sight Figures
Eutures 2 20 9 points UP,
London spots 1-Sc higher.
Livcrpaul S-8Ad mp.
office OF The Post,

Livcrpoui p-s4d mp.
otnce OF The Post
Houston. Friday January H.
The strength Of spots was again the feature
Of the cotton markets today, as on ysster-
day
spot cotton vent to the highest point OF the
season IN the Southern markets and good
busiress was reported from all OF ths larger
towns
II wss red letter day IN Houston. the
sale II SPA bsles being reported AZ the higher
prices OF this amount. which was the lars-
est In years, 1900 bales sold at 79.c. or lac
shove the advanced quotations. II classed
slightly above mddlins, Il Is true. but the
circumstance furnished another indication OF
the extreme strength Of the actual staple,
The advance IN futures bids ialr TO be
large one early There was considerable
renli7iug. as was to bn expected IN view
1T the plane 70 which values have been raised
ouring the past few days, but all OF the
long cotton offered 10 New York was readily
taken up by Liverpool until the latter part
ri the day, when the foreign buying fell of
somewhat, and. tho selling continuing, prices
essed and closed at the lowest Of the day.
but still nj an advance over yesterday.
liverpool was again much better than ex-
rectsd. The earliest cables showed an advance
Ct about : English points and, the good feel
ing having continued during the day. the
close was at net gain over yesterday OF
B.s4d on the spot months 10 unchanged on tho
fsrlhess ones January IN that market was
quoted al the close at L30n. considerably the
highest Of the season The advance over
there was due to the condition al spots, to
buying by shorts and to the news from South
Africa, which reported bloody struggle be-
tween the Boers and the British around Lady
smith resulting IN the ultimate victory OF the
latter and the relief Of the heeaEured town
Spots IN the Liverpool market were in TAR
demand and at prices i-S2d higher than those
of yesterday 1900 bales were sold
As result Of the condition on the other
side. as Indicated by the carly cables. both
Nev York and New Orleans opened at an ad-
vance, January in the former market at the
opening being Q points higher than yester-
DAYS close There was large amount Of
realizing by the longs all during the day, but.
~ her already been stated. all OF the cotton
which wns brought out in this way met with
ready purchasers on the other sido until the
AcfA upnI OF ~ VI tub udNt NHth lnN ueIuAuu
decreased and pricos began to decline Tho
lose was from points Up 10 down in New
York and Up to down IN New orloans.
The new crop talk OF the bears seems to be
having some effect. as for two or three days
past the distant, or new crop. months have
declined in face Of the advance IN spots and
tho higher prices Tor the snot months in fu-
lures September was tho month which showed
such a material decline in New Orleans, /,
having closed at 6.s4.6T against 6.7i-76 yes.
terday.
Advances were made in all Of tho spo, mar.
kets except Now Orleans. tho pacc .ot NV
which yesterday was kept IN with by both
Houston and Galveston. the formor advanc.
uE 10 and the latter Lido. The scale OF
prices AZ all three Of the principal Southern
markets are now the same, mlddimg being
quoted az 7iSc The New Orleans husine,
was quite large as has been the case for
some time past, The sales al Houston belpe
so much larger thau usual. became tho sub.
iect OF general comment when the figures
were posted II is stated that most Of The
cotton included in the report was tha. which
has been held by factors limited to 7uc
The weekly into sight was only 1893 go. o,
ahont 10000 less than was expcoted. Thest
asures arc S., 500 smaller than for tho CORE
spending week last year ana only 45el
Larger than for three wears MO Tina tota.
smount hroueh, into sight for the season !,
te1 rs a, !, ogo aon Ice, "a, ~, ,.,.,. .,,,
fs.c0) less than thrco years ago.
rhe daily movement wax not larr. A.
housh. in view Of the higher prieos con
siderable increase may he expected dnring