The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-05
liverpool, 3-32d lower.
American side, unchanged.
sPOTS


Yesterdays cotton market surprised those
who saw a bearsh flood In the clouds OF
the previous day. The surface movement
wac quite ahundapt for value deprecia ton,
but deeper down the current Of movable
raw material was Sufficiently shallow to
cause shorts TO tremblc In the boots they
have recently put on. The shrnkage ap-
peared In the estimates and in the advlces
from primary sources Of supply. The ini
tial moments were characterized by Il
weakness on which the .atcr trading seemed
10 thrive and which rendered all the more
conspicuous the strength that developed
during the progress Of the short hours COR
business.
Liverpool tended gently TO the pcsslnlstic
view Of the situation, considering the cir
cImstauccs. Sales on the spot amounted
TO 5000 haos at Quotations lower by 332.
Contracts on the final call declined 8-64 to
4 "a. No N-rays are required to see that
Lancashire Is solely occupied in wntching
the Souths spot resources 1t was quite
raturai that eXtrA nc tension drawn by the
departments forecast should be somewhat
uclaxed under the late contradictory evil
dence which some have construed.
On this side Of the ocean trading was OF
large proportions, considering the limited
time. The actual stuff was said to be dIf-
fcult to place, under the prevailing code of
values, but total footings up showed that
soodly amount changed hands Reports
from manufacturing centers indicated sales
of cloth for the year past greater than pro.
ductlon, with the latter curtailed to the ex.
tent Of 100000 pieces Guided 10y the
unrest thus occasioned, bears became in
simultaneously alive to Impending dangers
nnd covering commitments freely for an
other day Of rest" aided and abetted the
swelling tide.
New York opened and points lower on
january ard May and to less on other
months. The scale Immediately jumped a
couple Of points and a slmilnr advance FOL.
lowed with continued improvement until
lost after the FIRST half hour Another up
ward move then started and gaining . 10 c
points In the next hour, formed level
which extended with small variation until
near the final call, when another narrow
improvement caused top prices to be reached
on the close. In the net result January al
vanced 10 oints, September T. October 3
and the ba.ance OF the list gained to s
points
New Orleans started / 10 points under
fne previous close. slight drop at once
rAde the lowest Of the day, after which a
slow but steady Increase. which continued
d. ring the hrst half hour with a gain Of
about points. Only single recession oc
curred, after which the upward tendency
was resumed and formed level with an
addlt' onal gain Of 7 to 8 points, which ruled
until the FINAL thirty minutes. reaching the
TOP In the meantime. 4 l point loss wn
then registered and the range was not al
tered during the rest OF the session. In thy
net result January climbed mp points
February and the later deliveries n
creased points Sales on the American
side amounted r. 50lO bales ami spot quo
tations remained unNltered
The cotton market now stands subject
70 the bidding OF counted bales The qian
tity recently held up 10 public view he.