The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-17
SLIGHT VARIANCE in COTTON.

VGE lin CUIlUN.
to the best Of the day, but sagged or again
| on the last call. In the net result January
| and June climbed up 1 point while the
| other options lowered | TO points. Sales
at the four American markets amounted
to 1364s bales, while spot quotations were
left the same.
| The volume Of the movement was fairly
moderate, considering recent figures. Re
ceIpts at all ports for the day were 1850
bales, compared with 26s60 for the CORE
| spending day of last year. Since Friday
they have been 1ss145 bales, compared
with 226,134 for the same time Of last
week and 1921 for the corresponding
time of last year. Thus far in the senson
they have been b,33052s bales, compared
with 4,s74, 701 for the corresponding time
OF last season. Exports, since Friday have
been 175,S29 bales. compared with 19l,OFi
for the same time OF last week and "a
500 for the corresponding time of last
season. Stock at United States ports for
the day were 1,O2s,679 bales, compared
with 1O15,672 for the same day Of last
week and $40, 2t3 for the corresponding
day Of last year
Receipts at Bombay for the week have
been 10000, against $4,000 last year and
Al 600 in the year before last Since Sep
TENDER ! they have been 60S000, against
5Os,0OO last year and $4,000 in the year
before last.
Writing under date OF January Messrs.
Hornby, Hemelryk 4 Co OF Liverpool re-
view the situation as follows;
"The market was closed. as you know,
on the first and second of this month and
up till this morning general holiday feel
ing prevailed. Today, however we nave
been very weak, owing 10 the large re-
ceipts, which make people Immediately
Jump TO the conclusion that we shall have
100000 and over Bulls have lost conr.
age and sold out; iobhers have turned tnii
and added to The general dlsmay. Liver
pool was strongly bun up to the 3lst
ultimo, and the whole world-cNccpt our
selves, II we may say so-haye turned pear.
"At the same time, people here Eenernliy
think, that, In spite of a further Immediate
drop, the cotton trade Will DE q prosperous
one for 1907 The war In South Africa Is
drawing To a close, and will be reduced
TO small bands making some Of the noun
famous districts unsafe, but the country at
large IS gradually settling down TO sense
OF security aud peace. The troubles IN
China the drouth in Australia, the imam
cinl depression In Germany, q rare comb
nation Of adverse influences, are gradually
H.dtInE WAY TO an cAtgiltuI anu ItNlNtuS
trade In our Australian colonies, TO Lively
business In India, 10 greater financial ease
and return of credit In Germany ana we
| think we see signs Of consumption over
| taking production to a very important ex-
! tent, and leading to higher prices.
we implicitly believe In crop OF
| l025o,QoO with probable maximum Of
! i0,ION,OOO and consequently in higher
| prices some time during be season. We
! are full ~ hope that our bull friends will
! make profitable venture. and we recon-
/ Il I.NuNn ala
"Our senior has just received the fol
| lowing letter from one Of his intimate
! friends who is In close touch with the
| lenders OF finance aud industry In Eng
My Dear Hemciryk-It struck me, in
| talking with you about cotton the o. heI
| 1532d for near, and Il6d for distant
| positions, and II seems to me that prices
/ will probably rule higher in 1902 thar
"'The worlds consumption OF cottor
seems to have fairly ovcrtaken the pro
| duction. Cotton is not n luxury, but al
article of absolute necessity for Ihn-popu
! latton Of the world and, as the popuiR
ton increases year by year and create
proportion Is every year brought into
condition Of life which enables them t.
| wear more or some clothing a further an
nual Increase OF consumption is certain.
" 1T does not appear to me that tn
price ruling for cotton during the las
decade has stimulated the planting Of cot
ton I'm proportion with the increase q
consumption, and We see year after yea
that, at the end Of the season, there 4
n dangerous scarcity OF stocks, such Il
we see In no other article " colona
produce We have seen repeatedly of Int
years thai the total supply of a season din
not suffice for years consumption q
the mills and thai they had now an,
then to stop running in consequence o
absolute scarcity uf raw material. Thi
not In the Interest OF tho cotton Industry
| A. IN the tea or coffee trade stocks hgt