The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-04
Further Advances Prevented BY Extensive
Realizing by Longs.
Spot DEMAND STILL AN EXCELLENT ONE
Now Quoted mt Cents in All Larger
Southern Markets--Movement Is
stiIl LibernI--NeiIPs Views.
Futures 3 points down to up.
Houston spots Arm and unchanged.
Liverpool . 1-2 to 5-B4d up.
ofnce q The Post.
Houston. saturday, February 3.


Cotton values we're well maintained today
notwithstanding the extensive realizing which
was In evidence.
Early conditions were propitious for an
advance and for while it looked as II the
story Of yesterday might be repeated but
the free profit taking prevented anything of
the kind
Spots continued to be in good demand and
ADVANCED we're general all OF the larger
Southern markets putting prices up to Sc for
middling.
The day was commenced with cables from
Liverpool showing that market to be stu
working upward and as result Of these
Rdvices and the general healthy conditions
existing on this side, the home markets
opened at an advance. For time prices
were very well maintained, most OF tho cot
ton offered being readily absorbed by the
large buyers chief among whom wore Price
and Ide, with Liverpool also doing con-
siderable amount of trading. Later. however.
the realizing done by longs proved too much
for the buying power and some strength
was lost. prices declining several points be-
low the opening. The close showed New
York TO be po.nts down to UP and New
Orleans down TO / up.
Liverpool closed slk to 5-6id better than yes
terday Spots we're advanced 1920, but at
the higher prices only COCO bales were sold
The opportunities afforded by the new crop
months Just at present is being taken ad-
vantage Of by the speculstors and there is
considerable selling OF October. November
and December However any material ensi-
ness in these positions Is prevented by the
buying done by splnners who, made wise by
the experiences OF the present remarkable sea-
boD, do not propose 10 commence the new
season without plenty OF cotton to supply their
needs. Prices on the three months named in
New York 1T present rage from 7.2oQ7.2s.
In New Orleans a. unusual feature is stu
presented by the prices OF cotton for delivery
in March, April, May, June and July. all of
which have been quoted at exactly the same
figures for several days past. At present the
price is 77s-7s
The demand for spots continues to be an
excellent one and dealers say they have TO
DO nothing but exhibit samples IN order to
dispose OF their cotton Everything is bring
ing quotations or better and conservative
memyers OF the trade say that, no matter what
the apeeulators- do. thers is little danger OF
break OF any magnitude as long as the
present conditions continue New York and
New ORLEANS each advanced spots l-l8c to-
day, thus making middllug In the latter mar
ket Sc, and Galveston got up to the same
level by adding isc to yesterdays scale. Salts
factory aales were reported from all points,
New Orleans alone selling 200 bales.
The movement continues TO be very liberal
aud 1t Is apparent that the advances Of yes
tsrday and today will have tho effect %;
Keeping Il so for several days, although there
seems 70 he little doubt that a material fall
Ing OF would have been in evidence had II not
been for tho higher prices. Receipts for the
week at the thirty counted towns were
1880 agatnH, ll,I52 last year and only 5l.537
three years ago. Stocks at these towns de-
creased 2S,00O during the week. but are stall
$1,000 larger than last year and 100000 larger
r1an IN 1897. Port receipts were SbSl1.
against 100 and l4,2A3 Houston received
$3.50. as compared with 296S and $3.50. while
for Monday tho estimate Ia 5000 10 1000, against
sis2 ard 2e37 The Now Orleans estimate
is " 0oo TO 49, 900, against 10 355 and a00l
The dehrit In the visible supply, instead Of
Increasing during the week as 1t has every
week for some time paat, showed a slight
decrease. The present deficit is l,447,S0T, ma
compared with 9lS last week The visible
supply is now 1884 O6e, against 5osi $50 last
year f,4hel5+ in 1895 and 4,0lS.s75 in 1897.
Everything considered. II would appear that
the market was never In stronger condition
than nj present but caution and conservatism
ere lust as necessary now as they ever were
before, To quote the New York Commercial,
the bears seem 10 be afraid OF the stntistics
and tho bulls afraid OF the price, Conserva-
tive operators think that further advances are
not Improbable. but there are several features
In the situation which lend strength to the
advice to leave the future markets for the
mind readers and 20 handle spots as individual
conditions may Indicate
The range or prices In the future markets
,caa foiious