The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-02-12
Liquidation of Tired Longs Caused
Weakness.
HOLDERS OF COTTON ARE WEARY.
The Sentiment Ia Very Bearish, hut Some
OF the bulls Are SIN Hope
fui-Notes.
Office OF Tho Post.
Houston, Tuesday, February II,

euly getting tired of the unequal struggle
While sales at New York today were
somowhat larger than heretofore. this was
due TO thc slow liquidation Of holders who
have become very much wcaricd by re
cent developments. Reports from New
York and New Orleans state that there Is
no out-of-town business whatever. and
spectators are carrying the entire lead
Of the market
Soine of the most conservative opera-
tors In the country have predicted that
an Improvement In the situation was sure
to be seen at an early date. This advance
has not Yet occurred, and u great many
bnlls have become very much depressed
at the outlook. The few bullocks WHO
stu have the heart to discuss the market
say That the present weakness and inac-
ihity is the very thing that will cause n
reaction They believe that when every
thing is IN the doldrums something uneN
pectcd il due next and that this lcthargic
state Will be followed by period of grca,
activity ana builishncss.
Liverpool cables stated that Increased
estimates of the present crop had ailcutcd
the market unfaN ornnly Future. opened
easy, with "A poor demand, 2.Did on TITO
81 sung WA quiet, a0r-'.-oid lower than
yesterday.
Now ) ork futures opened steady about
polnt on. There was a further decline
rh inc second call. prices ranging fran
o. 4 points lower than yesterday. Tho
CLOSING was steady, February coutracts
rcinruing at Mondays figures. while
othcr crop months were to I points on.
Nov cmbcr ANA December were points
higher than yesterday
Now orleans flIturrs opened quiet . to
points off and closed 10 1 points lower
than Yesterday.
l+iVerrao oil spots were l-S2l lower with
sales # 5000 halcs New Orleans and
Galveston closed ouiot at Lice decline.
Houston and New York were uuotahly UNI
changed, hut easier IN tome.
Clam q Co, Of New York. snv TN their
last market i7stcr. '"fotai IN sirht 10
February l. lSlG was E53s ia, bales For
the LIST arvcu months Of the 1872 20 crop
year i.aHl5s bales anreared in sieh', TAX
INK this as a haels We l. ak for tbis crTu
TO EXCEED ,.00l 030 bales. "a 5 900 bf7 cane In
sight 10 January 81. rho visible stinplv
WIS reduced FROM February 10 August
~. iN5, ahout 955N1i halce. f.r same
bales If consumption f1r coming scvcn
time In lSl} and the amount coming in
sight equals TINT for tln, gcae1u. we may
look fol visible Of about 100000 bales
August a. lSNG II consulnptlrn be based
m an average Tor same time in 1891 aud
1906 then the Visible viii lr,ev be- about
L. Il
believe that tho ronsumptlon th,. coming
.,vnr r,I,,ths vim eyrrrI lint Of 1904 or
lSo, same lime. or that tho visible VIII be
,-al,, ed ,nrro ,hnn obont ,hn-tv,irds 10
m, torltv Of mo otto, statcs ,ndtoatos
nov, rotfno g. rnld hecr tb,n nrc,ii~t a
I'm december; I'M, the movement INTO sigh,
his -rnn.h ain +" nhnut iGn oc0 hel
or a an n,,ri"r fo,. so.sors er,u,i,,,, !,
.crc,, 81 otovt = oNn "a, r,io. ,nnarc,,,i',
,hore WIN be- mare fcriil,zcrs t,a"d nna
-, 'i ',,, ~
nu' 40 , ,,,.c .,o w. ma,, 1921
~ 'hn 49,, -, ,"i 70 n.ti a.,
70, 70 49, ',I..'.u W. ",lnNr ""
iiio,','iNl'E oi ~ r,Sn,a,'nnF ~
'.-' N'i' ~ ~ onS &c! US = Pilu'u-
49,. ,sor -. w. u."t' " -. rp..',,
toi,i,ry ,,g,,g, ., ,s6e III nxu. .',,
"uN' ir''es thY puh.''N lNNen W.
sr'srn IN lN'i Domestic Nnlnn,rH 'opN
Low ',, Tor th' s"N"r mon'ns rNdIn~ ~
49, 81 ~ 'HH 'nrN ,o,h Unl Vh nN
noH thru" years. or for the last sevrn
mrhlhA ~ rron year. ms h"rn lWa 90
hnie9 The nvcrnfe evnort Same time
= New YORK, February ll.-Hubbnrd Bros
y cos cotton letter says. our markr,
closed g96, ana selling altcrward al ~,
closed IB, and selling aherward at 79l,
mand for spot cotton IN Liverpool,
'HHlH'N WIN VIC NNNA4li' ~ AHNHi'' ~
that market. iound prices mere al me
opening J point below yesterday ms
can ne accounted Tor ny me coming hoil-
gay tomorrow, WINCH III me hpschcc OF
tshoIai business, mahes me trans chefy
or an interest eStehdihg 10 me day Ipi-
loNlns. Inh mhrhel eit,r me opening
developed weakness ana May soid at ~,
rom whioh mere was snght reaItl9n
news from new oiIehils shys 'h". hp'u-
ana mt increasing receipts WI Force
,lqnuhllpii soon Wlnthihh llo uihWohcoS
between the deliveries bot%cen mat mar
kel ana thlH once more; ne n'hrknt Whs
passive dnfln. me hiterllooh WIN me
earlier prices CONTINUED 70 close. Liver,
pool cables thHt tne market ls aHectcu
uniaVorapiy by Iatser h M n crop
estimates, fcachlne mp" A~n,vp nh'eh,
Ihal operators aLe tlre. OF %hluhs LOT ~
a1Nnhce ana NAV mahchcsterh Mhl.o
,h 'u,s Ialr nus'fIsS' ~ aat'a'' ,,' 40
business seems 10 DC Peh"'"s III Ni"H-
''es'o' i'o'' mum.
Naw yo,k rehruarv 1.-The cotton
market opened lower. weak cables I'm
reenonse 10 Inc airone stntis,ical nosition
in England discouraglpg holders Of spot
cotton here Port receipts at the game
time continued free and there II some
fenr that sufficient cotton VIII be forced
on the market TO depress ngures. The
liverpool decline NJ 212& poiiES Tor ~"
day was attended By Foreign rrlllhs
orders. Private cables say that the re.
duced sales of spot cotton at Liverpool
lre uue 70 Tree fectlpts III trls tpuh'ry'