The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-11
The Bears Arc increasing Their
Crop Estimates.
HEAVY MOVEMENT CAUSES WEAKNESS

Houston, Monday. February 10.

bears naturally had the hest of the situa-
ton. Column after column OF bull stntis-
tics can be given TO show tho strength OF
cotlon's position YET with such heavy re-
ceipts as have been experienced for the
past week or SO, II Is impossible TO make
spianers aud other buye give any heed to
predictions based upon these calculations.
Inc continued heavy movement has caused
ali Increase Of crop estimates In New York
and elsewhere, ana tho sontinent Ut lhis
time IS undoubtedly very bcarish
Tho latge stocks of prnt cloths and
other cotton goods now held by spnners
is also had feature OF the market. Nhile
a slight Improvement IN The demand was
noticeable last week. the mills are inclined
to take n depressed view of the Situation
ana are rather dubious about purchasing
much more OF the raw staple than "a act
ually needed for present consumption.
he bulls point to the fact that the
American visible SUPP ~ of cotton Is now
$4,000 bales less than at this time IN 1873
when tho price was III cents higher than
unw. They think today's decline was
caused by the closing out Of "A few tired
longs, and look for an immediate reaction.
Liverpool futures proved u dEappoint-
ment opening qulct aud with a poor tic.
nand, at IA dcclinc. The session was dun
throughout AMI the closing call leit the
market h,-6l lower than Saturday.
New York futures opened quiet ana
ia d monte b,l,,, snt1ri,I,., t,,.,,,,, Ntarc,,
s,ia a. "a r,,. ~. l,l,,h., I,,o = O. Io,.
o,
N,,y o,ioorv rr,,,,,, ,,o,,, h,,.i,.
steady. 3 to- points OF on the near
month"; Tie decline continued uutil the
closing. when prices were barely steady at
a loss &C 10 % II points on the crop months,
tt,,,,,,,,i .,,,,,s ,',',a ,',,,, ,,t ,,co,,,,,-.
"a tn, ,,,.,,,.,,a g., o,1,. snA, ,,,,t',.
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a., -. 5,,i,, ,,1 AN n, ma, lc,.i,,,. sn,..
,,,,o iintt a. M ro,,.,s
pr,., N,c.,.,,,t.p 70 ~, Non. v,r,,
co., ~, ,l,,'t,. >,'',,, ,,,''riNo, lDitt,'.
sp'..a,,,.. L,,,4,,r w. 49,, uoot ,,,.,
loon r,,ot,yor' hn,,.,, ,s cou,.,,,.t Min
ln.t v,nrs u,ovcn,rts ga f,,, tbr val
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',| d'.itr. eos. ,l,o ,roei, ,,as I.c, s,n.it
sh.-,,ld mo ,no,.r.,t h,vs,,, r,,.ttnun
n,,,h lemon mo-, ,,s ,r,.s.,,, Ln.us nm,
ro,,e,n,,,,. tho hnitcf urr,,o,,sl, o>. prrsari
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VI ''n' ,v",',,S a. ,,''.'t '", ,t,,i. r,
'''t -, 60,
'ul"' o''p",' W. ~ 49,
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'V' "'"' ."' ,,o , ~ Ivy ~ ,n ,,c
'n'" 80, 49,
'o''' w. go w noo ,..,,, ,,,,,,,,,
h'"fon ".nv"H' y" LOW, "'i',' ~ "H",,.''
lo'Vp III NV, VIM 'o'"l i''''l'" w '.''-
w" .iNH'lN, "''''I "' wy
p"Fls "i pI!''" l"N '"', ''o"F 80
PiHru'"iN 'rhl,'7.'' ',l WV ~ ,'..
crop 10 zoe h"lh'l'" ~ ''1'"l ~ ''ibr
propur'"u ~ 'tul 10y ""n ~ Wv
and ~ 10" 'p'ouN "n we va, ~ ~ '',
Juhcllou WIN VN Sielu '"' ''' P''''"'
season.
So Ear ms tho inmoal"" ru'ui' OF I've
mntkct is concerned ne course 81 pf'.'h
VIII u" governor ny Nhe N"l"lh' OF ,i.'
movement the lnt"rmhu'u "ptnI,hpi"
with regard 10 mo preparations mating
for the new plhnunE lh' d'inahp ipr con
sumption ana the volume ni sper"'a'ou'
SO far "a the last two tro'nrs ~" con
cerued We do not anticipate any disuhrt
Improvement for some iime TO come.
Now York February lo.-lluhbnrd Bros.
& CO.'S cotton letter says "pu;lng the
forenoon u decided check TO the bun spec
ulation, though limited. has been in evil
denoc for the pus. few days AZ &c for
May small but persistent 'iumnnd. when
ing orders and business became duh with
n remarkable hoarish feeling Primarily
this was caused by cables saying hat
decline was looked for IA consequence of
increased india estimates and ON account
of larger stocks in spnners hands than
believed. Now orleans sent word
that speculation was not responsive 10
the recent atImulous OF small visible sup
ply estimate and the tax or Mexican
nation Tho lack OF demand here aided
by thrso Influences broke prices beiow ~
for May ana they were opfy at mldday'
The market wna steaHy during me ar
ternoon. nut WIN snme pressure 10 sen
"eW i"'n' rent'",s "p',i
~ VN pu,n' a,na, , ,s,,,,,,.,'
,i" '"'''s uga'.,.,. n,,nn,,r,s go