The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-18
COTTON GAINED A FEW POINTS

The HtrcnG porthcn, which has been DIS
counted 10 some extent, not altogether.
By the advancing Of summer deliveries to
3 cents
New Yo~k cDensd STEADY win quotations
30 So posats lower than fridays close. as
was expected. owing TO the situation In
American markets. 1ha tone o. che market
continued quiet during the session. with
little activity In evidence. Prices at the
close were the same as at the openings
TO Sis points below the close OF the day
before. The spot market was quiet with
prices easier and the close showed quota
lions 2 points below Fridays figures
New Yorkopencd stesdy with quotations
90 3 points lower than Fridays closing
ngures The decline vas occasioned by the
weakness at Liverpool, which showed a
little greater decline than was expected
The tone Of the market was also weakened
by heavier Interior receipts than expected
and the Increase In the worlds visible sup
ply which sent March down 20 S.T2 and
May 70 SIG A rally soon followed, how
ever on reports OF bad weather and March
ran up to s. 50 before the close. while MAY
reached S.S4. The close was firm with
quotations TO 3 points higher than Fri.
days close.
New Orleans opened steady WITH prices
point lower 70 3 points higher than the
close on Friday. The market weakened
slightly on bearlsh influences IN other mar
kets and registered about 4 points loss be
fore the strength was regained The In
fuence OF light interior receipts a good
bank statement and bad weather reports
caused q better tone and March went to
g s. and May to <. aS before the close. The
closing quotations were firm, with range
Of to 8 points above the close on Friday.
There rms an erress IN enc -,,rro,4 move
ment Receipts ct ell ports for the day
we're eoaI2 bales, compared with e, s41
FOR the same day Of last week and q, AL
for the corresponding day or last season.
Thus FAR IN the season receipts have been
., 454 .2ss bales, compared with S.3T0oS6 for
the corresponding time Of last season. E1-
ports for the day we're 11,237 bales com
pared with 40.63s for the same day Of last
week and 260s3 FOR the corresponding day
Of last season. Stock AT United States ports
was 1o9i,976 bales compared With 1886
SSl FOR the same day Of last week md
oT6.o55 for the corresponding day OF last
season.
Regarding the recent utterances OF Mr.
Theodore Price OF New York the follow
Ing from Haywood Il Co. Of Liverpool rs
pertinent:
Whatever position Mr.. Theodore II. Price
of New York may hold IL does not appear
20 Us 20 be such as permits spiuners to
speculate on the chance OF Its success or
nonsuccess. for after all It Is the question
Of supply and demand which will rule, and
none have cautioned splnners against q
short" policy as frequently or as openly
as he has done.
IL our friends have retained copies OF
, our circular letter OK November lust they
VIII there see mat we sketch an outline .;
his operation. IL was done so openly, be
cause Mr. Price had become Il public char
Acter, no longer u private operator. and We
found that our friends required some eI
/ PLANTATION Of the situation from which L
draw conclusions. We supplied one eN
PLANTATION which, right or wrong, was log
+ icai, probable, and which has stood I'll,
, test Of time. Without exception none o.
! the others have stood this test UP to now.
! II stands to reason Mr. Price will no
1 permit the world to know his intention!
/ until such time as he feels makes It TOT
late for his opponents to overcrowd hin
! with actual cotton. The only danger h
stands under is that the market may tax
( early fright and thus stimulate the crea
tiOn OF January contracts against actua
cotton, but these contracts will not reliev
the market unless the quantity Of them
too great II is not from these the proh
on the operation Gun come nut from tn
mass IN the aggregate OF the smaller cor
tracts created by men who can not handl
actual cotton. II MIR. Ifice should ahsor
the new contracts as Yey are made an
smaller men will he le1 and will he force
20 settle on terms.
There is nothing ini this which particI
larly Affects Lancashire, except that NOR
cotton than might otherwise be the cas-
win be locked up In New York, hut Il
at the most but 2Js 600 bales. II Is IN an
, case not a safe policy FOR spinner TO r.
g. main uncovered awaiting q dehncle, for tn
tendency has been to check an adyanC
rather thnn TO accelerate one, and an
chance Of n settlement with Mr.. Prize
would stimulate not selling but buying.