The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-22
SLIGHT DROP in COTTON
Failures | to 8 Down at New York and 6 to
8 Down at New Orleans.
THE LIVERPOOL MARKET OPENED HIGHER
There IL No Dccrcnse In Receipts.
Spots Lie Down Mt New York ana
Unchanged Elsewhere.

While other Influences tended 10 make bet
ter prices for cotton yesterday, the fact that
thr receipts did not show any tendency to
decrease. counteracted tho bullish inhuenc
and left the staple at the closing in prac-
tically the same condition as at Saturdays
close. the prices being in fact a shade lower.
The early adyices from Liverpool were Of
q reassuring nature. but not sufficiently so
10 force Americas markets up against con-
tinued frea receipts heuce New York prices
which opened slightly lower. lost L point
during the day on January and to 9 points
on other months. New Orleans closing to
points lower. Spots closcl Ito down at
New York and unchanged elsewhere.
The fact that prices did not 70 even lower
sttested the strong underone, for. coupled
With rather large estimated receipts Cor To-
day there was practically nc demand for
rpot cotton and lack Of speculation.
Notwithstanding the fact that the receipts
otstnatey refuse to start the down
glade. these who hold TO tho prediction for
smaller receipts ARE as firm as heretofore in
theiT assertions, and the bull side Of the mar
kot Sc furnish ng few recruits for the bear
ranks. II is held by many that when the
receipts do set on the toboggan slide the
descent Will be notably rapid.
Estimated receipts for today are; New
Orleans 1000 to 1900 bales, against 1O.S2l
last year and 5o7 in 1875; Houston $500 to
1850, against 12,o6G last wear and 1851 in
1893.
Clayton, n. c., reports: "sinoe the decline
there is no cotton for sale here. Farmers
holding for 1Oc. They have the situation in
their hands, and believe they will remain
Hrm. Consider that this decline will help
the market considerably. as n will check
receipts aud bead n on from New York. Last
seasun We Rinned 5J2 bales, and this season
b22, but received cotton that should have
been gnned by other ginnere. hence do not
see much Increase, Think there will be az
Frent scarcity uf cotton this summer rs there
was last summer. Fancy grades are scarce 20
Chas. W. Lee u Co.. New York, cay: "Tho
talk OF an advance IN the near future sim
My because the market started up year
ago about this tine is too absurd to even
oonsiter. Prices are about % per pound
higher now than one year ago. the crop.
Judging from tho latest reports about 0J6 .
0Ol bales more. the visible supply almost as
large, interior hociuER in many places larger
than genera iy believed. and receipts con-
t.nuu very liberal. th the cobsumpuge de
mand not ar all satisfactory.
"Thorc viii bayo 10 be d radical change
in THIS respect SCf0r0 the market will havo
parliament ndvance, non't be influenced
too much by statistical news ~ any kind II
Is very misleading One can Judge the mar,
ket 10 better advantage II governed by pres.
eut or probable future factors. and even they
arc often y3luelpHs We stu lclievc further
decline Is IN store, but N vou must buy take
on some for the distant months only which.
n the prevailing discount, seem attractive,
though We believe March 10 july will work
dow T. around &c before the turning point
Following Is the range OF prices in tho act
I've months at New York ana New Orleans: