The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-27
THE JANUARY COTTON BOOM
SENT THE PRICE Ur TO 1875 AT
NEW YORK.
spots Were Ill Up at New
York.

The other Months Closed Lower.
spots Were III Up at New
York.
Save for the exploiting Of tho January
deal n cotton at New York. the market was
dun and featurcless. However, the January
deal assumed interesting proportions. the
price being run up 10 1926 at one time.
The Liverpool market was tame affair
with prices unchanged and sales of only 1000
bales. New York opened to points lower
excepting for January delivery. and outside
NJ this month the fluctuations were very
small. January closed II points up and other
months from 3 to lower. Now Orleans
closed from to lower Spots closed 4
UP at New York and unchanged elsewhere
Thirty-one interior towns show receipts of
1880 bales for the week. q decrease OF 1886
bales under the previous weeks receipts
while this is only small decrease, the ad-
yocatcs Of higher prices predict that this
weeks receipts will show IL moro marked
falling OF. However. 4 they do not. It is
pretty certain that the market will con
tinue dul and unintoresting, excepting the
Interest which may center in the January
into February.
It Is a matter OF surprise TO some thar
prices should be held So steadily in the 'atc
of free receipts and little demand from spin
ncrs. but the solution may no doubt he
found in the fact that the former has de-
cided in comparatively irrevoca5io way
that u must be 10 cents or no cotton, ana
from the further fact that the farmers VINO
are holding cotton Tor 10 cents are better
prepared than over before to dictate the
price at which they Will sell or course not
all Of them are holding back. else the re-
ceipis would cease, but enough are refusing
TO sell to keep market steady which would
otherwise be anything but ateady--exccpt a.
much lower prices than those now quoted.
Estimated receipts for Monday New Or
leans, 1000 to 1900 bales, against i.od6
last year; Houston, 5000 to 1000, against 1905
last year.
Following IL the range OF prices in the act
i've months at Now York aud New Orleans:
Opened High Low Close
}N% 5S.s 1879 70 49, 1on ioso-:s
AZ New Oroans--
a ha9sa . s IS. S Sis rs s AZ
At the close OF the market there was a
difference Of Sc points between the January
and February options. A week ago the
difference was Is points and two weeks ago
1t was only points There have been some
powerful additions to the January February
deal aud the manipulation is attracting much
Interest.
The last day for deliveries ON january con
tracts viii be next Friday but trading in
the option VIII cease OH the roth. when il
practically expires, Buyers who intend TO
10 sona 'no cSstGn on contract are required
before the last day OF the month
J bears say; Cotton goods arc dull sno,u.
/ latlon Is dull, the price IS high. the ION.
sumption Of American VIII be nearly or ouito
l,ooo0eoo bales Smaller than last year, this
crop Is lo,b0oCQ0 10 0,150o00 bales n Is
mantpulated market that the outside nubuc
down. e
! Il believe said a usually well Informed
broker that before the season Is over
there 5 going 10 be a Monkey ana a parro,
tune, | believe Ellison uudcrstates tho
/ worlds CONSUMPTION OF American cotton
Mhen ne puts u ~ only l000O,QOO 10 10, l5n ov0
bales believe II viii be fully 10 10000
/ II Is reported that very prominent s,o,
firm at Atlanta Ga, Is short se,ooo bales 10
Southern minis which thoy AN not cover ~,
anything like prices now ruling
Liverpool mail adyices from an Old ana
conservative house state: The increment
oust now does not promise 10 be over 40. o0o,-
u,o bales while It is apparent tha, OF least
1 hall
/ ~ enc trace Of the world Is 20 CONTINUE .ts
present output, We are face to face 100
/ WIN inc fact tnat eSper onccd Judges OF the
on I'n r g'op xn now ADMIT Sn that niR viii rot
1 nut that the figure will In all probabi,tty moi
exceed 'oooOo at the utmost
a Columbia, S. c., prophet says: i nm,
still standing by 0. $50, 600 bnles ,n,x,m,r,
4 predict that before next September so ooo
shipped South" i''N ""u
Cotton trade conditions in Great pritsi,
! continue an encouraging feature of the cur.
/ rent situation Mr. Herman Norden, enc OF
New fork's leading exporters, who has
'ust returned from flying trip to Errore,
said the other day; "rrade in rot.,n cooas
has been unsatisfactory in most section, %
the continent, especially, so lar as wenvars
I are concerned, Makers OF yarn ucrs In
rather 2 more favorable position Mos, re-
cent cables, however, indicate n eIlpht 20
vival which should develop further x IN,
present prices for raw cotton are nainfaines
Tor some length of time.
AZ Jar as Lancashire is concerned " ia
SAID trade conditions are favoralie Nan.
chester also. g doing good business ana
splnners are covering their requirements. Ac-
Vices from China indicate decidedly beiisr
outlook for new business IN the near f,'
lure IN fact some contracts have also
been closed recently In the Tome tnorke1
aud there is good inquiry. IL would an
lear he said in conclusion. 'thst cto,ks
~ the interior Of China are small ana tSaff
parity 10 this country-b1 which have s,nce
been forwarded 10 china--are heing use,i 10
iced nrst country demand. and once these