The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-25
COTTON MARKET VERY QUIET

crop operations 10 the not distant future
may affect new crop deliveries that are now
selling from 10 TO 100 points lower than sum
Liverpool opened quiet with quotations
about the same as Mt the close on Friday.
American markets, on higher estimates and
better weather In the belt, slight decline
followed, but. the market partially recovered
before the close, so that the loss for the
day amounted 10 only point. The demand
IN the spot market was fair and prices eased
Of points at the close.
New York opened easy with prices TO 4
points below tho close on Friday. The mar
ket was inactive under fear Of Venezuelan
ontanglemcnts and the easier feeling Mt
Liverpool There was little else to affect
prices during the short session and the
fluctuations were narrow. \ better feeling
prevailed after the issue Of the bank state.
nent, which was considered very good and
.he close was quiet anu steady, with quo
tHtlons almost Tho same as nt the opening
Now Orleans opened steady at decline
with quotations j 10 Z points below tho
closc on Friday Easier Liverpool figures
and bearish outside ncWs caused further
slight losses, hut the market was well sup
ported later on and the fluctuations were
limited. ~ tbe close quotations were quiet
and steady with a range ot TO Z points
below the closing figures on Friday.
There was an excess IN the current move
mnnt. Receipts at all ports for the day
were 2S.7J4 bales, compared with @n,aT2
for tho same doy Of last week and 23.14S
for the corresponding day Of last season
Thus far 10 tho season receipts have becn
i.GT4. Blf bales. compared with lT2. 221
fer tho corresponding time of last season,
Exports Cor he d8, were go.o5t bales. com.
, pared with II .247 FOR the same DAY Of last
/ week and $3.50 Tor the corresponding day
cf last season. stock pt United Statcs
ports was 1nT6 G43 bales. compared with
i 0al nTB f1s tho Same day of Inst week
and 9os 4o7 for thn corresponding day ~
! last season
rhe New ork Journal Of Commerce gives
the following vtev ot thu cotton situation
The public demand FOR cotton SLOWS q
subsidnr tendency But on the other hand
there appears 20 be no great confidence az
! vet on the short side ~ the account, owing
TO the fact that there IS stlll plenty " owl
I dence thut cotton is wanted by exporters
! and spinners at premium over the figures
a. which spectators appear so be- wiling
70 sell tho future schedule iu the local mar
/ ket, the latter tendency having forced tho
/ discount % Q ttill moro noticeable igurs.
( while the spot COTTON markets " the colt on
Neif reflect continued confidence on the part
Of tho holders NJ The property, with some
claiming that the larger receipts are LOT
90 much manifestation of underostm1tcd
/ a- tho GENERALIZATION Of an extraordinary
Z demand. which Zoo turn Is taken by some
( to- represent an euoruous consumption.
( There has Of lot developed in view NJ
/ mo relative stability Of the spot markets,
/ "a disposition 30 frcl safe M absorbing tho
! spring and summer months ON Investment
! account at She pttrGctlv" discounts M
+ which thcy arc selling iu contrast with
prices current for spot cotton la the South
and In view %, the nyldity with which the
actual cotton rs heinG seized upon AS fast
"a n appears leaving the visible supply IN
danger Of sharp reductions unless the pre-
dictions Of materially increased receipts ara
! made good IN tine near future.
some are insisting that determined Il
fort is being made 10 deprcss prices nnt
force liquidation; tho net result Of which
however, may have been to create large
short interest while making the position
stronger through tho liquidation OF scat
tered and weak long accounts that wcr'
sustained by slender margins that the pc
sition Of cotton is made steadily strcnGe
on any considerable decline; that the pur
chase ~ cotton on the present hnsis mus
prove 70 he justified 10y the ultimate coure
~ thc market, whatever changes may b
produced In tho meantime through man'pu
iation.