The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-26
MADE EARLY ADVANCE,
THEN LOWERED TO FIRST PRICES.
Port and Estimated Movement Showed
Moderation and Good Buying Occurred
Followed by Heavy Liquidation.
At The CLOSE

AT THE CLOSE
Liverpool, t-64 less.
New York, point down to up.
I New Orleans, point down to up.
SPOTS:
Liverpool, unchanged.
Houston, 1-16o higher.
Galveston, 1-16c higher.
Elsewhere, unchanged.
The bull had no reason to complain Of
Yesterdays cotton market, although the
net result contributed nothing to his purse
OF position. In the logic Of this faction the
technical conditions we're undoubtedly i'm.
proved. for the symmetry of a slowly ia
pering movement was preserved, when
measured by the outward signs Whether
the slope continues to the lilllputian end In
supplies or not, the intimation had its ef.
tect on the general mind and the scale Of
values moved readily upward. The profess
donal liquldator however, did business on
HE wholesale plan, in view OF the day of
rest, and with exhaustion In the powers OF
absorption prices fell back to almost the
former days close. There was indeed an
mir Of serene confidence about the adherent
from the Interior did not entirely support
huch a faith. The irrepressible scalper was
y prominent feature, and, delying between
Ihe counter waves OF opposite advocates of
Hsct aud fancy, came of with good share
" the honors, while his money was only
limited by the circumscribed field for op
portunity.
Liverpool was medlumishc at 6rst, but
Rel to a less favorable emInence. Sales on
the spot amounted to 5000 bales, at quota
lions unchanged Contracts finally went
lower by a single sixty-fourth. Manches
Ter seems content with temporary solu
tion of the supply problem, while long and
weary months Of summer may be cared fol
later.
on this side Of the ocean the business
was not more than an average half day S
Epots formed the theme FOR favorable
though restrained operations and bulls anC
bears alike did not seem TO be stirred t.
commitments in the brief hours. Some un
hasiness was engendered by ,eduction II
the PARITY with the British markets vain
a,lons and which added bit to the desir
go keep "hands on" Exporters saw n,
danger In the prophecies Of plenty, and th
nndcrtone was distinctly strong.
New York opened down on January an
up to down on further months Al
immediate lower range made bottom hg
urcs. from which there was gradual up
ward move until the best Of the day wa
reached and which formed level tina
very slightly varied through the balance o
the Arst hour. A slight decline followed
carrying the scale few notches on tC
wards the close, and which, with anothe
small drop In the last moments, brough
initial prices back in evidence on the hu'
call. In the net result September al
vHnccd / point, october ., while the ga
lier contracts stood unchanged to / poil
acss.
New orleans started / point higher to
aower than the prrvious close. This WI
the lowest level NJ the day. but slow
Improved until the best was reached
thirty minutes time. A single point recc
sion made the prevailing level until the la
hour began. when an easlness appeared thi
soon carried the range TO bottom ngur'
ngain, small recovery afterwHrd extern
ed until the sounding OF the gong, whC
FIRST prices were practically restored,