The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-31
COTTON FlUCTUATION NARROW

from which there was scarcely dul We
parture until the inal moments Of the ses-
sion when light sag caused bottom prices
from which there was shade OF an I'M
provement on the last call. In the net re-
suit January lowered 2 points and June
stood unchanged and the other options
gained l and points.
New orleans began unchanged TO point
above the previous close. The scale soon
started an advancing move which contin
ued slowly through the first half OF the
morning. gaining 70 the extent Of points
which made top prices. small recession
followed and appeared in evidence at mid
day and hardly made an imprcssionabe
huctuation until the two closing hours be-
gan. narrow easness evoked a grad
ualiy losing range which extended TO the
wIndup and restored initial prices on the
anal call. In the net result January,
March and April remained the same, Feb
ruary lost point and later deliveries
gained / TO 2 points. Sales at the four
American markets amounted TO 1884 bales.
Spot quotations were only altered at New
Orleans where mlddllng and grades below
declined 116c and grades above did not
change.
Inc movement hSbumeu enldIEeO proper
tlons. Receipts at all ports FOR the day
were 43,0si bales compared with 3s,075 for
the corresponding day OF last year. Since
Friday they have been 1850 bales com
pared with 1G4.s42 for the same time Of
last week and 1887 for the corresponding
time Of last year. Thus far In the senson
they have been 5733, 2o7 bales compared
with J,23j 02j for the corresponding time
OF last season, Exports, since Friday,
have been 22o,957 bales compared with
140.C73 for the same time OF last week
and IO,TTT for the corresponding time Of
last year. Stock at United States ports
for the day was SS7,274 bales compared
with O61 765 for tho same day of last
week. and a32,7i4 for the corresponding
day Of last year.
Writing from London under date Of Jan
usry II, Messrs Nelll Bros. maintain he
large crop view, as follows:
Opinions az TO the need OF the present
season in American cotton appear to run
pretty generally from l0,2j0,Ooo 10 1900
coo bales. ana ~ lis therefore reasonable To-
J EXPECT fluctuations in the market accord
| Ing to tho numentary prevalence OF crop
| views below the lower or above the higher
| OF these figures.
| oar own advlccs upon this all important
| point arc absolutely unchanged since our
! ceved cables from Mr.. Henry Npill couhr
IDENTIFY reassertinE his belief iu the ultimate
| correctness OF his estimate Whether or no
! this view he justified. we stil think II
quite clear that the bureau and It's follow
| crs Will hc wrong to an enormous extent.
The figures Of the crop movement Of the
| current week viii not he completed untiI
tomorrow The receipts AZ the ports fol
the past six days have amounted 10 luS,0H
| halcs against $4,000 last year The total
movement will probably be I'm about the
same proportion Thus at The close OF
this week the total brought to light since
| September / will stand at fully 25o,Out
bales over the corresponding figures of
lnst year which without further lncreas,
or decrease on last years dgurcS woult
| make the growth oI5o.o00 bales, r,
make crop Of 1.oOOOOO loss than that col
last year las the short crop men woult
have MS believer would therefore mcal
! a falling % in receipts henceforwaUd OF
! about 10000 bales or over 30 per cent
| With receipts still running nt 30 per cen
more than last year these crop views arr
now hopclessly ont 81 court and are likcl
10 continue so,
Houston estimated rrcepls for toda,
arc 1900 10 1000 against li,1o7 last year
New orleans expects 1900 TO 1900
against 2t2o last year.