The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-18
Another Big Decline 10 the Future
Market
THE SENTIMENT IS VERY BEARlSH
A Material Decrease In Receipts wouid
Causca lmprovem-nt--E1pcr Con.
tinue Largc-spots Are Lower.
otncc OF The Post.
Houston. Monday. rcbrusry II

ana to on the fall months. Liverpool
gave the bulls no encouragement hay.
ing responded 10 Saturdays decline on
this side with n loss of l-ga6-eid on
futures and i-l6d Oh spots.
The sentiment is stiu very bcai1sh, ana
while there was considerable covering on
today's decline, no substantial improve
mont is expected untii receipts show u
ul'tssed dcorvlse, Tne movement today
was very hcS.Nyi ports received 2,lsO
halts, against llS9O last year, and l,Sin
on mo same Jay IN 1884,. me Interior
towns also reported large receipts, houston
sot solo against 9,oi, slomphis las against
NV aud Augusta NV against sa5, llvuston
ana New Orleans expect a hlg move
m,nt tomorrow, ANA the prospects are
that rltis weeks receipts OF cotton ut
ports and interior towns will bc even
larger tngln heretofore anticipated.
Just az this time there are very few
huliiSh features to be seen. Cotton con-
uunCa to pour INTO the markets, the spin
nera don't seem anxious TO buy Il, and
spoculatOrs are afraid to touch IL, ro-
uAN sales of FUTURES was unusually
heavy. hut II WAS quite evident that the
selling side forced tina trading, About
the most bullish fact to he socn is the
large export business. Tho exports to
Europe last week we're 10000 halos.
AGAINST loo,Wo last year. Exports to Great
britain alone today were Sp,t9l, against
la.pN on the corresponding date last year.
THIS rate of export VIII cause American
stocks to dwindln away rapidly, eNon
shoitid the pTOscnt heavy movement CON
tinun
Liverpool futures opened weak, with II
m dcrHtc demand, l-3H8-dld on There
was a further loss On the eecond call,
aud the clcsiuE was bI6-Gtd lower than
saturday ON Inc rron months while the
fnli months were l-2fi0ld OF.
New York futurce opened steady, TO
POINTS OH Tho fco.ng was very boa,lsh
thrnuphout tho foronoon and ON the roc-
nnd call the decline had reached II to ia
uniots N,,,r ~ ihnro una a sllphI
,,u~ al ia, n,n,.l,ct tloscJ n1t,nt nnd
stna,iv Ia To ~ uointr below Snturdny's
,,,'irns nn ma ra,r ,nout,s while thc lStn
,nuths were Z 10 \ uolnts down
Nrw orleans fnuirea openod barely
.tnnd, ni,o,t unints down continued
H., H. ,,i,,n an a,tring Inc r,safon and
,,ins.1 ,,lth ,l,r orop ntoutha N TO II points
49,, ,n,r sn,,,rdnv while ibr nan
mnntha we're down Z points
49, ~, an, ,.,t.s N.nri,. an tha
Arnrrlran s,1ots markets. closed at i-lGc
r,',nua
"''''''
p,,oo Mccormick q 60 Of New York
,,,. f., pot, latter 81 rohrunrv "A. rho
fcar uf a shortage IN the worlds sup
ply nf cotton this season Is grtdunlly Nv
coming uihSlpat'n una Wy, NV.
,,,,,rv, ~, ,,itas is dniIv gruNtng more
a. 4 .fl
49,, 49, , ,,,,,,s,tnunhiv bo,.n solnowhnt
',,,,,,,' p,r,,I i,. ,liminntlnn of portign
~ III vts,te lnny Interests. and further.
NOR" ,h. unnninltv 81 opinion tn favor
~ IA f,rthrr decline. ia IA factor rather In
favor Of than against the market The
pil'" ol o"1'| a., ,,,"sttsn oi suuuly and
demnud aud It now reuaina IA +" deter
mined iust whnt nguro VII foI'",' NM, IL
NniuV 10, ~, W. ,naxIn,,ir; ,,stimnto Ia real
,gr1
Advicca from III" Houth continue to 'u,
port "A disposition on VIC pht, W Vl''p IN, I,
to devote a conHldcrhb" lnuI'aH.l "i,N
to cotton tho coming season n liEu
acreage, however, does no' HtVtNa', ~
Imply n large produfhni, -" ~ W,t
pluuiiuy has been competed w" ll"Mln
Of the plant VIII ho 'nl'toW hvpo"uon'
upou weather conditions.
SO far as the immediate tntutn ~ pll.s'
is concerned, however, thore ~ litt'" '" ~
situation to Justify ,o noi'' W i ~ nj, III
Ton of tho market. however inqy i@fun,
AT any t'ino ~ a,n eco nothing to
n,'nt, 10y ,ic,ys previously expressed
W 'ill" ,ottcr
!" '"'
~ var, Feb1lary I7-Thcrr was
Sc" i""' a., ,,. ,ooa. ,nnrtot
considerable s''r III .ho wy tN ,,,,or q,
In consequence Of the l"rs" h"''"'' W
49,, .o,nn h,tsincKs was done IN
,,l',S,o, and wool dr,.ss goods. fine printed
so,tpu w" ,nnsti,,s and shirtinys FOR next
lhh,, 49, mi ,tnnlo goods were slow. a
m,s, u,",,ii shnv reduced the price Of Great
Hnou IA, tn"och 81 Printing cloths wero
very dull at 2R,.
New York, February II Hubbard bros.
G. go "a cation letter says, Tho move
-, ., ,,r,.o. during Tho forenoon has
heh' Vi p.''ss w ,"s .,.',r,,n,od a,,,,,n,
been one OF almost u"'"'''' 'i''o' u'.""'
Liverpool quotations ana hdVicrs were OF
q depressing character aLd holders OF
cotton here who had been hopihH mat
the receipts would decrease ana IN" de-
mAnd Increase were FREQ sellers, fott
receipts are liberal ana thn estimates for
tomorrow show no evinvnon OF ',as ,,r,,,',
nultlN' DURING " hlti no"i ~ ~, I'm, ~
was tevorish, selinR W. nni NM, ,tnnn. Uni IN,
aeh,n 20 pui1,th1t, nntnts ~,
~ ~, a'iy o,1''n5 ~ mo dny, miiot ana
W Va. ioNeN' p'''" W Wv '' '''f'
"''"'s
Now york February l7.--,rhe cotton
49, ,.l,e .st,,,s ,o,,o, ,yao.,
Inv "'"'' -,
enbieh, weak Southcrh hpNi'.A ne 70 spo'
offerings ana gcpJFw o. ucuNr pTophI"-
lions Tor larger crop hoN, nthspn' ~ me
dfciin" the German cohllHe'nN hri'lo'
itff lFlltIH lpf FifViA A'AfN''t ''''hiHN ~
tiFe bWy'is' ",n'i H'"' 70 my p."BHt hilp