The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-29
A CONTINUED RISE In COTTON

kete and after opening 3 70 points higher
on Llverpools advance the gnins continued
steadily to the close, which showed anont
the same ratio Of advance as on Tuesday
with the exception OF slight reaction
during the morning there was no cessati9t
In the upward movement, which showed the
highest hgures near the close, Whlch was
nrm for the FIRST time In many days
Liverpool opened firm with quotations
10 I POINTS higher than the close On Lues
day. The strength that developed on iues-
American markets was continued ana IN
diminished The market WAS very active
early IN the session, due 10 tho demand 10y
cotton IN Tsypi md on 'hn con- mont , s Allu
prices continued 10 advance until the after
noon, whom IN cnsirr feeling prevailed AZ
the close quotations wcro SLIGHTLY lover
than NJ the ouening and STOOD . To ~
points higher thon TNiesiGvs close BuS
ness was good IN the spot markct md
prices hardened. st IN" c,o9o 1uotaiionS
we're points higher than the close Of Oh"
day before.
New York opened hrm with prices 70 8
points higher than the close on Tnegiay
Tho hullsh situation Of Liverpool gave the
market gront strength and, coupled with
smaller weeks IN sight and moderate re-
ceipts. caused rapid advances. rnls was
! Slightly checked M the forenoon When the
market cascd oft a few points put lalei
! the advance became moe decll'd aha
/ 1ho strength was maintained 10 the close;
| which was Arm with quotations advanced
- To- n points above the close Of the day
New Orleans opened stoady with quota.
tons Q TO 4 points above TUESDAY closing
/ hgnrcg The improvement was due To me
/ favorable Liverpool advices, conin"au,'
( ~ ind weather and a moderate tmh OF re-
GENTS During the morning realizing ny
longs caused some recession hnf the loasrs
were quickly recovered and made stegg9E
gains until the close Mafrn rrasHea s.pl
and May nO4 nnd closed 40 nearly the same
hpurcq Tho closing quotations showed an
advance over Tuesdays close OF TO ~
points.
There vas decrense IN the current move
uent Receipts at all ports FOR 'he dny
were % 6s5 bales, compared with 2I55+
for the corresponding time Of last season
Since Friday receipts have been l24 j2'
bnlos. compared with 145,dt3 for the same
time OF last week and lls,t2O for the cor
responding time Of last season IAl!a Iai
in the season receipts have been J.1'"-a'
hnlos compared with l6H4 1893 for t1'
corresponding time " Inst season. export
since Friday have been 4253N b3les, com
parcd with 12l74T for the same time %
. time Of last season Stock 90 Iuitrd state
ports was l,u16,369 bales COMPARED viii
iUTS.3O5 for fhe same day ~ ,nst We6|
and TT52 for the corresponding day o
last season.
The New York Journal Of Commerce con-
monts as follows upon the present sitnaho
ln cotton
Whatever the movement Of cotton is 70 %
II IS at present not upon scale To promis
larger crop than was raised last year
> while the absorption Of cotton this sensol
Z with much 10 promise It's continuance ON
r record basis points TO world 5 requirement!
OF perhaps III $4,000 bales. Many are cAl
= Ing themselves conservatives IN estlmatll
j the consumption at llOODOtO bales, e.
a (which theory there must come into slgl
Il 80. coo bales more cotton this year tina
A., came into sight last year, while II Won
require 100000 bales more than last year
" crop to meet the expectations Of some
e regard 10 the worlds wants as to America
g cotton.
In the face however Of prosperous tra'
ID conditions. q strong statistical compluai'
T. and a movement that stil does not prom
a sufficient cotton as compared win q
world'g Indicated requirements, speculate
continues to hang FIRE, There Is hcsli
vi ton to sell cotton for the reasons iu'
he Gated, aud there Is hesitation TO BUY arr
- so large an advance, especially as ne actt
% cron outcome remains "a matter of dou
rs after all snid and done IL may De w
~ much larger than expected, whllc. on Z
a., other hnnd should " be- MS small ls sol
confidently believe 1t Will prove GO ne, So
eu sattoual conditions must cnsu', from
standpoint Of the specuntor as wei as
lac rhp consumer Ihis condition off cont
"a dictory possibilities Is 80 generally ret
d" nilcd thut general c0ution load, % @ m
to ernie volume of business, while IN" Quito
res Is Tor conservative operations IN the n'
ar future,