The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-06
COTTON MARKET VERY, STRONG

this week Another spell OF bad weather
I has started IN for the Southwest, showers
I being predeuei IN oil sections for today
except IN West Texas. Such conditions
I will delay preparations for the next crop,
will interfere with picking, will retard the
movement and permit rotting OF what little
cotton that remains In the helds.
with such conditions facing them opera
tors. especially on the short side, were
made very uncomfortable yesterday, aud
hastily sought 70 cover their interests and
thus created an activity In the market that
gave added strength to the bullish Atua'
tcn. LiYerpoois prompt response TO the
advance In the American markets ON
Wednesday gave strong tone 70 the open
lug. and American markets mhdc hullish
10y the advance In price IN the dry gonds
market continued upwards until tho close
showed almost The same gains that were
made the day before.
Tho market was consistently strong
throughout the session. and buying. ,was
free. the close showing almost the highest
dgures OF the season In futures and the
highest In spots The movement IN the
SPOT markets has been notable feature
since the new year opened for the
strength has been maintained all along,
and while futures declined NJ times, spots
remained fairly steady ond when futures
again rose spots rose, TOO until now TIE
FhnTld bo Spot sales at Galveston, Uous
ton and New Orleans have hcon very heavy
Tor the past two weeks, which Is another
point worthy OF notice
liverpool opened arm with quotations 81
10 ~ points higher than tho close on Wed
nesday The market became strong and
ortlre o0rlv on the decidedly 5nllish tom
dcucy IN Amwlc0n markets and aided by
tho strength ~ spots continued 20 advance
Th feeling iu liverpool that consumption
VIII absorb about Ell OF his seasons crop
gave The market its greatest strength Ncnr
tho close however. the tone became easier
nnd quotations closed Di m advance Of to
2 points above tho close of the previous
day The snot business was gn4d with
prices frm. Tho sales were II 0M hnlcs 40
an advance Of noints oyer Nedncsday's
quotations.
Now York opened steady, with quotations
unchanged to points higher than the close
ON Tuesday Tho strength that developed
ihc processing day on the advance in prints
and shcctlncs was maintained and uidcd by
Tho support Of the English markets price,
took n steady inward turn, March reaching
G ~ and Nav ns before tho close Ere.
buving rs shorts kent tho market Strudv
With an inward movement throughout tho
session - tho close quotations were ism
with the figures 30 % mol MS higher than
the close Of the DAY before
Vow Orleans opcncd steady with prices
: 20 points above the closing figures ~
Wednesday liverpool gtrcnett was com.
uuuicpfed to ihe market M the opcnins
and with bulish news from the spot mar
kcts and on every polut- except the move
mont tho upward tendency OF the market
was uniutcrruptod thyoughou, tho session.
March reached 10 md MAY LOS before
tho close Tho close was duict AMI steady,
with quotations 10 points higher than
the closing figures Of the preceding day.
There Was large excess in the current
movement Receipts at all ports for the
day we're 2T.16T bales. compared with IT.,
10 for the corresponding day Of last sea-
son. Since Fridny receipts have been 1877
sA5 bales. compared with 152,S2t for the
snme time of last week and 9s $50 for the
corresponding time Of last season. Thus
far in the season receipts have been 1901
2iG bales. compared with 5,S5o, 800 for tha
corresponding time of last season. Exports
since Friday were 1857 TGj bales. compared
with 1s5.24s Tor the same time Of last week
aud I6GSg for the CORRESPONDING time Of
last season. Stock NJ United states nortS
was 993 2Sl bales compared with i.03u.0
for the same day ~ last week and $50. 261
for the corresponding day Of last season.