The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-24
cargiIl & Richardson's Letter.

houston, Texas, December 23-Au cotton
"dIAe's continue TO harden. and prices
now are the highest Of the season in all
markets. This morning Liverpool exceed.
| Sa expectations, deliveries closing li5-G4
n,suer. our markets were easter at the
iN.lns IN anticipation Of heavy port Ie-
HultS, put toward the close some large
lying came into the markets. prices ad.
SS"ihylng slowly with offerings light. Violet,
T., V'%vuneIE x Parrot large buyers of May
! ~ new FORK, great deal OF couslderi-
ttVn Is now being given the exports of cot
lVu' Inc hrSt three days of this week
s snoW u total exported Of S2,52T bales,
uEainst ~, 100 same time last week aud
M'tbO Tor the corresponding period last
year, ana still exporters are quoted as
uclus unable to sell. Some one Is taking
nv roltoh, evidently. The movement to
uue ports was very large today, aud esti-
mates at Houston and New Orleans slight
~ ia excess OF last year. but Ii is thought
t rnHt we VIII see less cotton marketeS from
nov on, aud In light movement the bulls
Hre plullng their faith Considerable buy
ing Is constantly going into the markets
IN anticipation of January boom, and we
l' Fk closed 10 I up, New Orleans / to
up Spots unchanged in all markets
, ne loiloWlnS holidays are announced for
Jhls week; Chicago board OF trade, Tues
gay ana Wednesday; the Liverpool New
AGrk and New Orleans cotton exchanges
WIN be closed Wednesday and Thursday;
the New York stock exchange will be closed
Liverpool is due to be / to ~ up to.
morrow Cargill * Richardson.
Cooke, Moskowitz & Co.'s Letter.
Houston, Texas, December 23.--Onr New
York correspondents say: Liverpool early
cables were disappointing, but before the
end of the duy traders across the wafer
llEhled about and the close was l to llg
points over saturday on futures, while
spots were unchanged ut 2l-32 on sales
OF 5000 bales.
New York opened to 3 points lower in
with early weakness In Liver
pool Following the call there was some
lurlher decline on account Of the large !
port estimates 5000 bales against BE-
700 last year and the warmer weather at
the south, active months dropping - TO = !
points. On the decline however, there |
was active support from Wall streets in
ierest and shorts were frightened by the |
late trmncss Of Liverpool aud prices |
touched the highest point Of the season |
FOR March, which went 10 $50 as against |
. last saturday. Interior movement |
light, Southern spot holders showed little |
disposition TO sell except at full figures or /
better ana the estimates for tomorrow did /
not show any material gain as compared |
With year ago. During the latter part /
IF the session between prOhttaking or |
1ers on one hand and short covering on |
he other, fluctuations were in narrow |
'anGe shortly before the close, when prices /
,ose steadily TO the highest point Of the .
Law and season with January closing at .
5 20. March : 29GiS 80 and May S.35@S.36. /
Port receipts were 81, f25 bales, against 4
b. S57 last year. Interior receipts 2U,dOU .
lgainst 21,oOO last year. Combined expeetl. /
ions Tor Houston and New Orleans 10000
% 5000, against $4,000 last season.
There is not likely 10 be any marked .
lctiyity tomorrow. IL Is generally thought
hac business will be largely in tn ma
IRE OF evening up commitments pending
he holidays. There Is no tendency to ear
3 large obligations over ON either side
The heavy port movement at the moment
huuld not, rs We have before stated, un-
uly drprcss values, since the movement .
$ apt 10 be shortliyed. There has been
10 very large spot purchases within the
,ast TWO weeks and there is not the cot
On at the Interior towns TO 90 forward .
hat there has been recently; there may he
cmporary sc,backs, but the market stln
Cooke. Moskowitz s Co.