The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-27
BETTER COTTON PRICES.
Everything seems 10 indicate that Prices
win Go Higher.
JANUARY NOTICES HAD LITTLE EFFECT
The best Element on the Ncw York
Exchange Looks for Bettcr values.
Fluctuations.
Especial % The pos,.)

Especial to The Pos,)
New York. January 26.-The apathy whca
has been such feature Of the market Tor
some time past has kept up during the past
week, without much change and Few specal
items Of notice presented themselves. The
hes. story that has appeared is the much
talked Of squeeze in January. This busbear
hiss continued 10 hang over the pit ever
since this option has become spo and prob
ably will do so until the last day Of the
month has passed AS a matter Of fact
there is no question about this phase OF the
situation. Haines and his crowd have th.uss
pretty we'll in hand and they have been able
TO close each succeeding month at about thu
dgures that suited them. There has been
little object in bringing prices M to abuor
mai figures, so the effect upon the later
months has no, been great, but as long az
the situation remains as II u.s. there is al
ways the possibility Of their pushing matters
a. the last moment, and 5hen there would
be an uncomfortable tima for such short In
dsrest as may De existing. Here Is the key
10 the situation. Naturally no one cares 70
he found with a long stock % outstanding
sbort contracts; K prevents that material
which is necessary TO push the market ~. |
and it leaves the market without that necos-
sary element 20 activity and feyerishuess
On the other hand, the export condition
has continued good The McFaddens are an
element in the market and are buying eau
itously and in an individual capacity taking
advantage OF tho situation 10 improve their
private fortunes. Every llttle droop pro-
duces caution. and there is rapid buying and |
some covering OF tho staple as the prIces
tend downward. II is not a scalping mar
Net, but one whose fluctuations are produced
ny the elements OF fear and hope of an ex
tended rise which is forever In sight. but
never actually materazing The hes, ele-
nient on the exchange look for better Agures.
and This is he most important thing that
can be said about the marke. As January
comes TO a close. the Issuance OF notices
produces little effect which !s significant
n showing how narrow the market ia and
how Incapable OF manipulation on any small
scale: .SS~>r,heless sbou, the pit there are
runors' of all sorts OF schemes and plans
10 cause material change in quoted values,
and Il is fair 10 presume tdat in ono way
or another some Of these will materlaize and
new figures VIII be found Tor spots and op-
tons
The cotton goods trade has been Aray
and the change that has taken place "a The
Jobhng Industry Is bound, sooner or later
10 have its effect upon the raw market. ItI
is becoming known as q fact that the great
dry goods houses which occupy what is
known as the wholesale district NJ New York
nre losing heir usefulness In the midst
OF unprecedented prosperity some OF the
largest Of them have ceased to make money
and the tine OF the middle man IS doomed.
Ii does not mean that general prosperity
las waned, but the great element that bought
rom the mills and sold To the retailers II
passing eat OF sight Tho effect that this
VIII have upon the actual brokers In the
Now York cotton cNrhug, viii Ice great
but not permanent. They WIN adjust them
selves 10 new conditions. and hud tnnt the
great department stores are just as well able
TO consume the products OF ihe mills At
INST hands Ss they were after passing through
those OF the middle man. but this adjust.
men; s going to be disturbance and II ls
lust being felt now for the hrs, ,lne After
httle and ali parties will De used to new
conditions, and this incident VIII be over
For the present the market must contend
With #, and the iu.pns.c strength Of tho
motnentary situation Is such that prices will
be held up, but inactivity be the result
As 70 the immediate conditions Liverpool
has been continued trm, but there has been
an absence OF public and private cables as to
the immediate situation, PROBABLY due TO the
hrst effects OF the Interruption in trade
unavo'dably caused by tho death OF the
British sovereign DulnesS OF this sort ir
ENGLAND really amounts TO storing up OF
energy, and III very little while we Will
probably have an impulse towards activity