The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-02-13
AN ENORMOUS DEMAND.
STOCKS ARE SHRINKING.
TRADING Rather Quiet With Bulls in Com
plete ControI--Consumptio Over
shadowna Production.
AT THE CLOSE:
Liverpool, to 4-64d higher.
New York. holiday.
New Orleans, IL to II points higher.
SPOTS:
Liverpool, 3-32d higher.
American side, 19c higher.

Builisb supremacy was complete IN yes
terday's session Of the cotton market
Though large portion Of the trade was
thoroughly instinct with the spirit Of holt
day values scored another appreciate gain
In the prevalent ouietude the strength ~
the undercurrent as successfully repulsed
any bearsh overtures as IN the days Of In.
tense activity. Arrivals at ports were not
calculated 10 alter the views Of those who
base large crop theories on this criterion.
Expected receipts however furnished the
shrinkage required to enlarge the fears as
80 supply-falllng al many of the country
marts to one-thrd of last years. Bat the
problem Of supply II seemingly To become
Of second Importance. SO far as II con
Germs the bullsh cause. While receipts
ut ports since Friday have exceeded last
weeks by $1,000. and last years by "A OSD
shipments for the same time have exceeded
tine former by 10000, and the latter by
5000 While scmi-weekly receipts al lead.
ing interior points have been $500 less
than last year. stocks suffer a shortage NJ
1l6,Ooo by comparison Domestic mills arc
showing an improved record rs well in the
matter of spot absorption. II thus happens
THAT consumption may do what production
will NOT. and prices in the meantime move
Mp With feathery Iightness
Liverpool was perfectly In accord with the
aide Of optimdsm Sales on the SPOT amount
ed 10 5000 bales Ut quotations higher hv
1921. Contracts 6naily went 76id and
$40 better on all options. II IL plainly IN
be seen that The nerves NJ banchashi~c
are highly strung.
On the two big American exchanges the
scene Of activity was quite transported
New York stood closed in honor nj Lin.
70 ms birthday. and an official t.ansac.
tons centered al New Orleans Rusiness
was healthy at lenst and the size of m
order made little impression on the trade
The "sctaial stun" was the chief converter
nf cash, and both home and foreign con-
EumerS responded 10 the holders advance
New Orleans opened 10 TO 10 points
above Mondays close and slightly above
the level allowed for Tuesdays advance.
This was the lowest 81 the day and q
gradual upward move started carly. and
soon making gain Of points reached
top prices. slow recession occurred
from this position aud caused a range Of
] point above the initial ngures 10 rule
throughout the larger portion of the morn.
Ing with small fluctuations Towards noon
another improvement appeared. was lost
Immediately after. and the scale continued
shade weaker, but with little variation
for fully an hour. A further light drop
theu took place and low mark was very
shortly reached again. This cnsincSs pre-.
vHiled until just before the gong sounded.
when a new wavc Ut strength carried Tho
level several points higher on the Hnal
call In the net result February and
March gained ID points, April II. June
II and the other options increased Is points.
Sales a. the three American markets