The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-12


Considerable strength was shown in yes.
tcrday's cotton market, which continued
throughout the day with very little sign
Of weakening at any time.
Prices opened higher than ON the previous
day and with gradual advance figures
reached almost as high n point 80
they were on the day the bureau report
was issued---D December 3. This strength
was manifest In all quarters, New Orleans
showing the greatest improvement spoS
markets also caught thc Infection, advances
being made AT oil points.
While no one can tell what viii happen
IN the cotton mnrket between this date and
the issue Of the next government report
which will be January 3, u Is certain that
many Of the bears arc becoming brllish
and are turning more attentive ear to
the forecasts Of the short crop and high
price partlsaus This feeling ha- reached
across the Atlantic and the English mar.
ket Is gaining strength and even the stout
est bears the English spinucrs are be
coming awake to the fear TINT the Ameri-
can crop may not he sufficient for dc.
mandg this season whereby they Will he a
little out of pocket IN tho event OF Sc
rious upturn In prices.
Receipts continue TO be the controlling
Influence and rs long rs they continue n'
small a. they are at present prices VII
hold up we'll. but any important increas'
IN the movement will cause correspond
ing drop in prices. unless an extra good de
rsnd should arise for spot cotton. TIL
receipts at an ports since Friday show
loss Of $1,000 as compared with the sam
NLs.F,t tam l,aR 4
movement has exceeded last years move
ment by 10000 bales. Exports TO Enros
since September ] are less than the co.
responding time Of last year by nearl
5000 bales
Five important inland towns receive
Yesterday but 15,so6 bales and tho est
mates for Houston. Galveston ana New ~
leans for today are exceedingly small, T
falling 22,oOo 10 25.o0n. as against 49,
lar Inc same day last year which is
very poor outlook Tor an ihcreaSeu ni"'
liverpool opened steady with qnotatto
2tA to . points higher than the preNlo
day's close 'rhc firm feeling that V
early established continued during the q
and values gradually improved. Januai
February quotations wont from ~
Az later easing off little, with 7
SioeSnr aaurcs al 4 a 40. The close v
steady showing net gains 81 10 ~ poh
nver the prcvious days figures, The II
market was animated by good husln'
md closed steady with prices revised ! t'
points higher
New York opened firm, with auotatic
. to points better than the close OF
doy before The tone was hulush nca
all the morning, January reaching 3
but downward turn came about not
which brought January hF'k to S.27.
tho afternoon prices again took an
ward shoot, January reaching $50 q
March 8. 30. III
Al the close the quotations were sllg
ly below the highest figures, with
crln for the day uf 2 tu 10 points.
New Orleans opened m steady Win
better tone than had been In evideI
for a week Quotations were ] TO poll
higher at the opening than they were
tho close Of the day before, md lmpro
ment was decided during the day, G.
tinuing to the close, During the morn
slight reaction occurred. which put u
nary down to s OF. thc lowest point. q
March to SIT but the loss was uuic'
regalned and prices went on IN the SC
until the close showed net gains ~
Il points above the previous days ngur
The current movement was very III
and considerably less than last years
ures. Receipts at all ports for the {
we're s5,74S bales. compared with rs
for the corresponding day " last seas
Since Friday they have been 22i Sc bn
compared with 2TS0T4 for the same a
last week and 242,S4l for the correspo
Ing time Of last season. Thus far In