The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-22
COTTONVALUESMAKEAD ADVANCE

for the cotton market operator. 1t is
time when things cease 10 be MS they really
are. So thoroughly are all the channels
of trade imbued with the season of Good
WIN that life rests almost extinct In values
that Involve active operation. IL Is also
time when bOth accounts are settled mp
with like rapldity and investors interests
are heavily withdrawn. II is only to be
wondered at then that the natural pressure
has not been more effective In depressing
the trend of values. The result can not
fail TO suit the commodity's friends and
Il Is Il fact worth noting that the strongest
liquidation has emanated from bulls With
the removal of tss pressure the field will
be left without hindrance TO activity, and
II the same does not evolve with the com
Ing Of the new year the being Of the trade
VIII have to be entirely transformed In
the interior neither contingent Is expecting
impatient departure from the present level
OF valuation
The proportions of the movement were
quite extensive. Receipts at all ports for
tne day were 4s.351 bales compared with
43;929 for the same day of last week and
4u,144 for the corresponding day Of last
year Tsus far in the season they have
been 4,324.5I8 bales compared with 4,1S7,
139 for the corresponding time Of last sea
son. Exports for the day were 1881 bales
compared with 30, 443 for the same day of
last week aud 23,99s for the corresponding
day Of Inst year stock lt United States
pared with s9O511 for the same day of
last week and 094,614 for the corresponding
day OF last year.
Following has been the weeks movement
at thlriy-one Of the interior towns with
comparisons:
This Last Last
week. week year.
Receipts ...... 232,G72 2s22 249,54i
shipments ...., 81 SD 2523gs 20I0I3
stock ..,..,..;.7lG G95 ,4l6 7s5,3oi
The port stocks have declined 5000 bales
during the week white those Of the interior
have lessencd 20,sis bales.
In lis monthly letter for December the
American CottoS Yarn Exchange writes as
follows:
The situation Is n very serious and per
picking one for both the buyer and the
manufacturer to confront; owing to the
present condition Of the cotton trade 1t Is
very difficult to forecast what may be
ahead, although we find that manufacturers
are not willing to contract for future de-
/ lIverles on the present value Of SIC for
| mlddling cotton, fearing higher prices. The
! buyers, on the other hand, do not want to
/ place orfris for future delivery based on
higher cotton. We ourselves, however. feel
| th0t. taking all the conditions into serious
| consideration, that even with tho ordinary
! demand Tor cotton goods ana yarns ud-
vauccs WIN follow and with ANYTHING ike
| al active demand prices would very sharply
| advance Egyptian cotton IA a rule Is in
| general sympathy with tho American crop
| ara Is governed largely by our conditions
! here prices are finer pud the best grades
! OF Egyptian cot Oh are advancing; prices,
/ l2c 10 &c. Sea Island Cotton-There Is 4
, heavy demand for same. and the market
, closes very firm, with the prospect Of much
! higher prices.
Sea Island yarns are higher and mann
tactnrers are advancing prices; the best
quality OF combed Egyptian fine yarns are
much hrmer and prices are likely to in
crease. Southern skelns and warps singles
an 2'plys, have been advanced from lie to
| Ilec per lb. Southern frame hosiery yarns
numbers SIS to 3Os, have been advanced
nbout Nc, yet the buyers are not showing
any uneasincss in this direction. as the
sulHIy on these yarns has been in excess
OF The demand. The best Eastern cgr1cd
and comhed yarns, fine Nos IN singles and
--pys-IhG mills are very busy with plen-
~ OK orders on hand and prices well main
tanned. Coarse Eastern hosiery yarns.
carded qualities, are very quiet Indeed,
with no advance In price. Conbed Eastern
hosiery yarns are stlll In good demand, with
values well maintained and the mills busy
on orders"
Houston estimated receipts for tomorrov
are 10000 TO 1880 against II $50 last ycor
New orleans expects 1900 TO ia Oys
against 1883 last year.