The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-24
DULL and uNINTERES1INC,
Marcos Range Of Prices 10 All the
Future Markets.
PORT RECEIPTS BROKE THE RECORD,
nearly q Hundred Thousand Bales
Received AZ the Ports-No Change
IA Prices--Tonc steady.
oface Of The Post

Houston, Tuesday. November %.
The market. showed WONDERFUL res stance
today under the influence Of the heaviest
port receipts on record, n. 0tS bales, against
| 9i,922 I'm october %. 1894. which was then
the record breaker. Liverpool came IN
steady at the opening and had some in
fiuence IN preventing decline. New
York sagged of several points In the ear
lier trading, but subsequently rallied and
recovered nearly adj the loss. closing but
/ to points down. New Orleans fol-
lowed the course of the other markets and
closed to PORTS off. with light sales.
The spot quotations remain unchanged.
with a steady tome to the markets. How
long the present movement can continue
is problematical. 1t must be borne In
mind that vast quantity Of cotton was
prevented from going forward on account
of quarantine restrictions. This EMBARGO
beng raised the delayed cotton Dc pouring
into ports. With Thanksgiving as hol-
iday, there is NIT much to cause any act
ivity in dealings until after the .5th. Those
buliishly inclined seem to think that
prices should soon start on the up grade.
but the volume of speculation does not
indicate any great rush to buy. New
Orleans expects tomorrow 10000 to 1900.
against 11.4a last year and 13,107 in 1894
Houston's receipts are placed at 1900 to
5000. against Si22 last year and 96I5 In 1894.
(By private wire to B. W. Hunter &. Coz
New Orleans. November 23.-F'airchi.d &
Hobson thus review the market: The
action of the Liverpool future market
steady tone and liberal spot sales saved
our market from Opening lower, as was
expected. and there was a steady feeling
n the early trading. but on the posting or
the enormous estimate of total port re.
ceipts there was a decline of a few points,
all OF which was soon regained on the
comparatively light estimates for tomor-
rSw at New Dreams and Houston, both
being less than on the same date In 1894
1t was pretty generally wired all over
the country that the port receipts today
Were the largest on record which was
mot fact, as on one day of the 1894 big
crop there was received l01, 422 bales. We
have again experienced day of enormous
receipts and all kinds of bear news and
the result is a loiss of point. 1t Is aston
ishtng and the bears are asking each other
hsw long this state of things is going TO
.ast and what Will happen IL receipts from
amy cause should fall eff. With everything
as radically their way as possible their
contracts are making money very slowly.
On the other hand, those bullishly inclined
are having hard row to hoe and seem
to be In for a long waiting game and may
have to show a Wonderful lot of patience.
The. price is in their favor Our spot
market Is steady; sales. $500. Wilmington
iirm, lis up; augusta firm; Galveston and
savannah easy; balance steady and quiet
Forts ". o53. against 70.579 and s5 1893. Es-
innate for New Orleans 10000 TO IL 600.
against l1.4s4 and 13.lG; Houston. 1900 to
5000, against S422 and s675.
Good Investment buying.
(by private wire to b. w. Hunter & Coz
New York, November 2S.-Price, McCt,r.
mick & Co. say: The market has ruled
featureless. Liverpool cables were hardly
mp to expectations. but our market has
SHOWN the same resistance to further de-
cine which has characterized the trading
during the past few days, Notwithstanding
port receipts wiz exceed early esti
Opening quotations were unchanged from
last night. Fluctuations have teesn within
a. very narrow range, there being l,tie
disposition to enter into amy extensive
rev new, engagement on the part of the trade
o un,t after r., the holiday, Semi weekly re-
now I,a'1t to .ab.rrt 10000 bales. against
i5z,V0 last week. l07 coo last year ana is3 nco |
IN 1884 AMOUNT IA SIGHT for the week Ia |
eace cf substantial Investment buying or
ders In the market. at rmits rangirg from
near current quotations to u below. il |
ana are ' = l, when Is holding prices in chec.
aild y WI Doubtless require Va rger Offer
rngs from the South than we are al pres-
Guy eNpeEencing to supply this demand |
ani prouuce any decided weakness JJv- |
erpopl mas been a moderate buyer fbis !
morn1,g. Cur mail advices from that uoinf !
,nMcite the existence of a generally more |
hopeful feeling there
tiairtt 4 Co.'S Review.
(by private wire to h. W. Hunter & Co, |
New York. November 23.--Atwo,d y,o.
lett & Co. say of the Gotten market. This |
mas been the third consecutive day Of ex- |
IRENE Guinness. The highest ana lowest |
~ y, tnat TINS mas been pants, ana not |
W w port receipts today of nearly
49, iodess the market closes only frac.
tionaily below that of last night. The
steauiness must be attributed partly IN |
!..ti,s,..y oy snorts and to some ADDITION to |
in W.! demand that Is growing slow
~ nut surely. Stock firms ara Others
S o,s.., OF cotton circles, as we have fire.
guen.iy advised, durllg the mast few
WEEKS seem inclined to buy cotton and
, taNe ,ne ORANGES OF its going lower 10
o sny more. II there was as much demand
III ~ acIuau cotton. there would be no u,les
Won as ~, US establishing a considerable adj
, 49, a ~ hne iatter' E'swever. does not ee m
70 develop TO any large extent. Jhs ont
look NOW is for a mlos sment this weap pu y,
oo"wu, the largest on record 1t REMAINS
70 be, seen whether Liverpool win he ars
fected tomorrow by continued heayw a.
ceip's Shorts there. however seem ~ na
innuenced pretty much as thew are hara
hence the steadiness Neie'
SarGtlt Rtchn rdson's Letter
Cargili 4 Richardson OF Houst,on s,y.