The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-09
COTTON At SEVEN CENTS.
January Deliveries Below That In
New Orleans.
ANOTHER SHARP DECLINE RECORDED
Futures HIVE Dropped One Hundred
and seventy Points since EnriS
scptcmber-llenvy Receipts.

Houston, Tuesday, December $.


Houston, Tuesday, December 3.
Cotton made another low record for the
season today. January deliveries selling at
$50 In New orleans. against SEQ carly In
September. This represents a loss of 40
points, or $50 per bale. Present prices
are evidently based on bearish belief
in crop OF fully 100000 baleo. Some
strong bulls have become dhshcartenod re-
Gently and after seeing loss OF nearly
so points in the last five days many turned
loose their holdings Tho bears. who u
month ago put the limit of the decline at
cents, have now concluded that March
cotton VIII sell In New Orleans at ca
cents. II the short interest becomes very
heavy under this impression, which seems
quite likely. the marl'et may reach Its
turning poln very soon.
at all depends upon the receipts and
the state of trade" said one party today.
THE crop movement has certainly been
too large for comfort so far, but it may
change any day now. IL receipts do chow
n material decrease, the bears will lose
their last argument and cotton Will be
forced upward very rapidly. Trade con-
d.,ions will of course have some effect
upon the market, but all Indications arc
loT IL prosperous stdSOil Will tilt pNS
ming of the rev year"
Liverpool proved a disappointment to-
day, though it w1s hardly to he expected
that the foreign market would continue
to advance in the face of free offerings
and declining tendency on this stle. Fu-
lures were Ltd to li2-6id off. while spots
were 1-J2d lower than yesterday. Spot
sales were l2,oo0 bales.
l2M15 points and New Orleans lost il1l3
points. The American spot markets wore
nearly all lower. the declines ringing
from Lice to l-Sc.
Large receipts at interior towns and ss-
Inmates icr heavy movement az several.
points tomorrow were gwen as an excuse
fer part of tolay's decline. while heavy
selling and lack Of buying power dil the
rest.
New York futures opened steady with
'.% bid for January The highest sale was
at 133 ana from this the market foil to
715. closing at LlSG7.19 against 73,d7 "a
yesterday. March sold at I IS carly in the
session. dropped TO 1872 and closed 1T 3i{p
7.S5.
In New Orleans January opened with 7c
biG. sold at 7Oi for the highest ami fell
TO 600 Final figures we're G9a4Gc3
asainsG 7o547.o6 Yesterday. March sold
d, 40 about the opening. but dropped 10
400 before the close.
Edwin r. Violet of New Orleans s1vs.
I'VE stll think iavorahy of purchases
on AL reces''icrs, hnG wine II Is nnposs.-
De TO gauge the market from day 10 day
one can no1 be lar wrong IN bdviug an ar
ici" III universal consumption At prices
winch are largely based o. expcrtuIions.
ana which discount conditions naruiy pro-
babe"
Now York. December S-After opening
at decline Of ig9 points. the cotton mar
kei showed a decline of points. then re-
turned to the opening figures. after which
,In Was a sharp oredk, which carried
OF yesterday. The large movemcnt of cot
ton indicated Tor inc week at inter Tor
ports ana the lack OF outs dc speculative
SUPPORT caused acllVo hqu-iatluhs ana for
me most part weak aud unsettled mar
ket onsrttng Indications of LTD RAJ sales
10 sp;nn,rS at Liverpool ana re" rlctirl,
buying for future contracts in European
markets gene rally. Much of the selling
procure came from Liverpool aud NV
orleans today. y partial react on follow
81 the extreme depression winch Was
Ghicliy arraruat IN the carly afternoon.
January lqu dalton was a feature. The
market closed steady at a net dec lne of
l2,tlo points.
New York, December s.-For current
wants of every description of cotton and
WOODEN goods the demand for ana sales
oil when taken collectively. were of moder-
ate inportqEcc. Spring specllltics. how
ever. had more marked mo .,ry and TO
some c.dSscs of goods for account of
spring saacs, there were fair orde,9
paced. A. the best, however, 1t was a
SOW market.
prntinr cloths wero dun at 5-s nom
'nal, and no further sales at . 9-l6
New York. December S.-Hubbari Bros.
Il CO.'S cotton letter says: The market
today has suffered from having too many
Ir.erdS anxious to liGuidaie the r holCl rs
at this tine and c,osed steady at a shade
better than the lowest. The crop move
mont WI show about 5000 to 35.8l0 bales
Tor the week, again II $50 0)l asst year. bur
the desire to qAdate he dings was too
great for the market TO digest.
Cotton Points.
Houston expects 5000 to 1000 bales tomor-
row az INST i9i9 on the came day last ya1r.
New Orleans 1900 10 2l.Oc) against l7,5ol.
2; SamuelS of Marlin, s. =. Stevens of
1,'hl,gAso, G. II. WILLIAMSON of Quincy AMI
the House on cotton exchange today.
Sondhcim of New York wired Carr,u g.
ucnhrds9n az S;55 a. m; Liverpool not
ins power, think Will 40 some lover
C1rgin x Richardson were advised
from New Orleans: Sentiment bear:sh
receipts large and no speculation Looks
IKE sale on rallies ill receipts dimln.
Hubbard bros.& Co, adviael II. w. Mar.
tin this morning; Market shows rrcaiar
stcadincss. Uneasy feeling of ms wa,,t
is ahsen:, but win be governed by re-
ceipts."
COTTON.
HOUSTON. DAILY STATEMENT.