The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-03-05
3. 0. Morris q COO Letter.


tory hay. Sl6o0diS0o
r. g. Morris & Co.'s Letter.
Houston. March 4,-The bulls bad an.
other day today which they could enjoy
an themselves. The cable news was much
better than looked for, futures being up
the equivalent of IL to IN points, while
spots were up 1sc per pound on sales OF
soO0 bales. The cables were, taken all In
all. tho hest that have been sent out more
than a month; tho foreign market having
fought the present advance iu cotton 10
a finish, because Of the belief prevailing
did not know what they were taking
about when they spoke of supplies VI
American cotton heing Inadequate 80 I'D.
dltion to the excellent cables, there was
another factor today, the light port move.
mcnt Reports from southern spot mar.
kets. too. were uniformly hulitsb, while
those from the textile aud dry goods rcu'
ters were of the sumo texture
The result " all thiS was very Stoady
market There We're some reactions during
the day as O result Of proht taking. which
was largely induced by the large Sew
Orleans estimates for tomorrow. but there
were buying orders 10 on the break, and
the market showed a wonderful yccupes'
alive ability.
high prices. which are the best for more
than year But the market VIII eventual
" 20 higher, and is buy-on.thc-breaks
for long pull
The movement In the Interior Is begin.
ming to show some signs Of exhaustion;
shipments are largely iu excess of receipts
and stocks are steadily decreasing.
Reports we're also received today from
number of the smaller uncuunted in
terror towns Ia the effect that stocks ~
these towns are especially smaller than
they were at the corresponding time a
year ago.
The situation Is a strong one. and IL
seems now that the huu crowd have 10
"ldedly the best end Of the night The
movement has been the only factor against
them and If things come their way which
IL probably VIII II will be a wa's over, IN
which every Fpeculativclv minded man
wants 10 take part. r. r. Morris 6 CO.
Carel & Richardson's Letter
Houston, March 4-Cottou bulls were
jubilant this morning with everything up.
parently coming their way Liverpool was
better than expected 5 to 5ia SAD up, and
the Houston estimate. which was sent IA
that market at about 10 a. M, showed
less cotton to come tomorrow than the
same day last year with indications point
ing TO port receipts about LEGO less than
1901. but later developments brought some
hearish features into the market, prinCi.
palr the large estimated receipts at New
Orleans nearly double last year aud heavy
receipts m Memphis and Augusta, 1622
against COS last year, aud prices began to
weaken under large realizing by proAt-
takers. The amount 10 come into sight
this week Is estimated at about f63 nOD
against l54,Oo0 bales last year ManCheE-
ter advlccs quote cloths quiet, little doing;
VI rus quiet and stcndy Wan street Is
stu credited with being large huycS In
tho New Nork market and outside speCula-
ton r. again taking hold NJ The market,
and with support continued from thcsG
sources IL is hardly probable that more
than temporary reactions will be seen in
the uarket The bulls have the othrr
, CLOVIS money. and stand ready 10 back
their judgments
Liverpool is due To be 2-64d lower tOmor.
row. Cargill & Richardson,