The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-12
4 Laroc Part OF Last Neek's ADJ
vance NaS Lost.
BIG RECEIPTS CAUSED THE BREAK.
New York Lost Twenty Points-Spots
one-sixteenth Lower at Houston.
\ small Failure ut LiNerpooi'


\ a decline were del by the longs them
! selves. many OF whom took fright at the
| first indications OF = liberal movement this
week and threw their holdings upon the
market. These facts. ard a small failure
Ia Liverpool. caused New York futures TO
1 close . points lower than. Saturday. New
Orleans touched bottom when II points
| down and closed Is points below Satur-
days figures
Estimated receipts a, Houston and New
orleans tomorrow are quite large AMI
dicd to tho dspr.,ss on In the speculative
markets today. 1t - claimed. however.
that these receipts are al the eNpens. OF
stocks At Interior towns. where last wc2k' ;
advance caused free selling Of holdings.
| Tcday's port receipts. while l. GO bales
larger than for the same day last year.
were So hales less than on Monday OF
last week, showing that the movement has
really fallen of II was also noticeable
thai iodays exports We're 500 bales, or
N.rA bales greater than tho port receipts
Northern sptnners Increased their pur-
chases last week, and spot sales to spin
ners az New York today were quite large.
The general situation from the manufac-
turers standpoint shows no Improvement.
however. and this Is one OF the main fac
tors IN preventing Spectators from taking
hold Of cotton Last weeks advance was
a haii-heart.si one and one day OF big
receipts punctured the boom The sta
;.stcal position of cotton Is Just IS strong
today a. 1t was Saturday and Il the adj
vance had been engineered by soma OF the
Oil TINE bus they would hardly have
thrown over their purchases on the first
tn ~, HOLY
favor.
A. today's session New York futures
opcnej easy with 7,lS bd for March The
highest sale was at ia and from thls the
pr.ea fell to =. or q points below Satur-
days highest. The hnal sale was a, 7.0l,
AGAINST 7.2ia7.22 saturday May sold AT
IN on the opening but dropped to ia on
the closing call.
In New Orleans. March opened at IS,
sold at 6.9l soon thereafter, but dropped
20 G.7a bv noon. Tn. dosing was at 6.spg
e.S, aga.ns $500 ~ saturday. May sold
ut 7.N FOR the highest and G.g2 lowest,
closing a { 93a6.9i
The action nf Liverpool was one Of the
Disappointing featurs u 1olays market.
Futures there weie expected to advance.
but on the contrary closed 9i.-Gid3-6id
down. Spots were easier in tone. but I'M
changed IN price. The American spot mar
keis ranged from unchanged 10 ~ lower.
Houston. Galveston ard savannah lost
l-lye
Edwin r. Violet Of New Orleaus wrote
SATURDAY; "Thcrc was a oons.derabie
h"p, lat on of short COTTON Yesterday and
a'ine HeW huvuE. the Interior was eX-
pr,l yea TO send in pnrchas me- or crs and
create 81 further advance. hui these orders
i"Itt ~ in1terlaliz" and the market Was
LETT 10 professionals. The TeNas state
mont deFrlpued the better feeling of y.s-
ltigAA.hut Whec We cor adar that IL points
10 q crop even smaller than bureau indt-
'dt uh'' auf, iurlhor, that the bureau de- |
j. ftS rs Information from the grower,
WHO heretofore has always under. |
e'i,i'7ioa @hout 10 pr cent. t
would hardy, seem to indicate any,
h'd mack then has bean heretofore esti- !
mated We can SNe 20 good reason To an |
.paie q large crop, but stin adhere 10
ohr previous .dels. nor are We inclined -
cons der the present range # On. cs as |
hlrb, hut ne conditions outesde of tn |
ofop question are uufaVorabls. and unle S |
th"N a." remct "a shortly The coming ana !
9Y"i me "a sing crop wlil be the CONTROL flg |
, '9ioi IN shaping the course OF the mar |
The movement this week does no, |
Nruin'e TO greatly exceed that Of lasf |
We \. and far weather VIII soon d scov.y |
"a" latthrN OF either the big or moderate |
G,oli 'dga brunsw ek ca~r only small |
. T. ~ hence w.l4 not contribute much 10 |
I MS weeks movement. The market Is |
very sensitive and purchases on depres |
slo1S seem advisable. We rather expect a |
Wgck unless some stimulating cause de-. |
volons,"
New York. January ll~Graat excite. |
neni prevailed on the cotton exchange all |
DAY ana a rapid decline set IN under d.s. |
hppoiEtns EaS!ish advces, the first de-
N'lopas decline Of 6Htl points. THIS |
WIS ialIoWel by nd-rations of much |
larger mce pts Of cotton al tho ports for
ne week than originally calculated upon .
Al the saline time Fan RIVER advises y5.ro
ln"ai iSiintory Adv:ces from tho South
slh Fpot markets were alSo very uneatis.
tcf nrN. HCAvS selling press:ir1 fr,u,
Nv~ orleans was q feature of the mari,
ana ih're was ai9o heavy selling for In, |
iNNNpool account Buying was ,eqttrr'
III ne market, weia y a posiuon 10 secure
lroiiis. In the afternoon the ,narlxet a.
, UhcS showed a setni-pau ky feeling IN
',V grow m tendency to ilcroas. crop
%ll and IN" close was barely STEADY ~.
he lowest point of the session, a doSltne
If f1r2l po.nts.
Now York. J1nul~y il--Hubbard Bros
:; 90. cotton letter SAYS: Altbou.h = |
tightly lower market has been looke1
OF oy me trade this morning II ia ex
c'tct that such a dcclire would ons,,.
rom tho weaker Liverpool our n,rLc,
Iencd with sales Of March at 7.lat7I.
10. u al 81, and after selling AZ 7'0I Mai
! 90. at y. m, Roct pts were full 10
Jew pr'ohns selling being due partiailv 10 |
nose expected here. Those due in Hons
on tomorrow are report d to be III tho n,-
ehss OF an interior town.
Now York. January lit has beor
~ e., market u al Departments W,1tb1r
onl,tons were unflvbrahle. Mail oriers
9ok a I3'r quantity o. staple cotton M,
tdSc able goods were less active prin,'
'g cloths q .velopcd some INJURY IN
ats OF 1000 pieces regular al eis M
pom la'O| pieces odds.
Washington. January flowing To a,
I'VE IN recc ~ Of i-formation The rn,,
imncnts cotton and gram crop wa No.
= the week. "''''' '''er
cotton Points.
Houston eNrects 1900 to $500 balet toror
ow, against j&G on the same dav a..
ear. New Orleans 1850 10 1850. again,
Hubbard Bros. & Co wrei r. w Mar
y Liverpool failure old matter. ~,
Nne mere due 10 reports of ,ncr,,e.,, |
ioNelnent AZ the Interior"
Cargli q Richardson were advised ~,
ondhc.fn OF New York: Few h,,tarp,S
ing ana New orleans stdhng Receints