The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-15
Heavy Receipts Broke the Maract
Again.
NEW YORK DROPPED THIRTY POINTS
Privcs Have Declined Fifty Point,
In one Wcck-'rhc Lowest Fir
urcs of the Season Quoted.
Office of The Post.
Houston, Monday. Deccmber /

cotton has seen in many weeks. Rcceiut,
were immense at ports. at Interior towns
and in estimates for the future. The bears
began yelling mine million crop" ne soon
as the Fort returns came in. Liverpool
made terrible slump and the American
markets broke to pieces. There was very
little resistance to the slaughter of value,
from any quarter, as the bulls had hardI;
HAD time to recover from last Thursday's
bis break. The extreme decline at New
York was 20 points. Thursday 1T was %
points. Since lar "Wednesday New York
futures have declined 50 points, equal to a
loss of 81 70 per bale Since the election
tho loss has been 1872 points or $500 n
bale. Ting highest price this season wa.
on September 10, when January deliveries
sold in New York at $50 Today's lowest
was ga a decline of FOG points, or SO. 30
per bale.
The slump today was undoubtedly pre-
cinitsed bv tho bg receipts. The Unite
states ports had 1000 bales, against $500
last Monday and 1000 OF the same day
last year. Three interior towns alone had
total that was 1o,0o0 bales in excess of
the same day last year Such Information
as this caused Liverpool futures. which
opened about 3-Gid Off. to take a fresh
start downward. and the closing, was 7-6il
below SATURDAYS figures equal to a de-
cline of - American points The Amer
lean markets had the big receipts and
Livorpoors break 70 contend against, and
OF top of all this. New Orleans aud Hous-
ton soon sent out estimates of n monster
movement tomorrow, New Orleans eX-
poets 3n,0o0 to 1900, against 17.is last
year; Houston. 1880 to 20.5oo against H. tia
rs all advices from market ccntcrs re-
Gently have Indicated thot tho s.,blitv az
' ne ',''' '"e H-'"i'''S vi
cotton values would depend altogether
upon the movement. 1t is hardly surprls.
ing that nr'ces rcceivo5 sucb n .ou,,,,,
,a,., 800 SUI" S''p''N
To-Day LOT the receipts were greater than
even the big crop prophets had counted
upp' INV p"Iis iain-"heh'Ner you can
that these receipts merely represent the
holdings of country merchants who were
forced to give up their cotton after last
weeks severe decline. Many still believe
thaN the legitimate movement of cotton
has decreased and that the total for De-
cemher VIII he only slightly I'm excess OF
the December movement IN 1So,-tbe ? 5Oo
ON c,o, sea, '
N' SS"''
Al 'onay's session New York futures
opened weak with prices 16 to a points
= 90 ""'',.'S ae"'ou VIII" o,N' p'u' sold
,oo, Ia -, Ca p,.''"e' ""'
,arnoa so. u'Vi -, ~ go D"'llx Nne AZ
I,ororo ,,,,,,p.,a o,,''' iu" ~ w.t.
r,,nr 1onuory - % r,lr vt s car
HNlS january ~ no. firal Igur"s were
G7'06N, agains. 7O3u7.0i Saturday March
opened with e o. HID ,dvarcoi "a = ~, t,,,
ION ~ On rta ,,,,,,,,. ~ ~ a. .,os. .u'
In New Orleans the Opening call showed
Il decline OF pa e points, and during the
dav the active months wore oS no,r,s hn
~" 1a''' '''' ',iai hS,ifes. January sold
~ ''s Tor 'he hl"hest and 6i5 lowest
clo'lAE at 6'o1utN against 6.73ef6.N Sa.ur-
day. March opened at dG7 advanced 20
c", .i.o" 'oi' p''h 10 o-o-' ana closed at
IN. ,r,or,o,, ,o.
NV Hi"'iic'" spot markets we've NIL
lower, showing losses that ranged from
isGl1c. New York and Coivo.,,oy ,,oIi,,,,