The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-12
COTTON MARKET REVIEW.
Auother Decline Ia Futures at Home
and Abroad.
MORE LIQUIDATION BY THE LONGS.
Priccs showed Considerable steasii.
meas Towards the Ciose-Only =
Few Points LOst-Recetpts.
Office of Tho Post,

their bank accounts today, but Il WAS
much harder work 10 dcrress prices or |
points this morning than II was 10 knock
en- dozen yesterday. The bulls are still
| somewhat dcmowllsci. but there ~ a
| growing feeling that prices are getting
| very near tho bottom. Cotton values arc
| now only slightly higher than the lowest
price reached last summer.
| "A large amount of long cotton has bccn
thrown overheard this week. and the butts
arc naturally disgustcd with the stne of
the market. The short interest is incrcas-
mr.. as 81 consequence and every decline
adds TO st. This IL probably gho hest thing
thSot could occur and as soon ms tho scn,i-
incni becomes a little moro bcarish. u re-
| action VIII be In order. Statistics ami
improving trade count for nothing at lhls
time. but whenever the shorts become
very numerous every little bulllsh fa,s
and ile1ro VIII he worth somelhlnr. There
are plcnty of these bulllah features nont.
Ing around, but they have been worked
TO death for six months. They have been
entirely too familiar and have been pu,
ON dress PARADE until tho novelty has
worn of.
| When every one has been told 20 he
wair OF the dog there Is little likelihood
or the canine getting chance TO insert
his teeth In a mans flesh. Nearly every
broker and market authority In New York
and New Orleans has been alvlaius
traders that cotton ought TO 30 ZIP to s
cents ana as a result whas little tiu,iing
'n'' WAS dohe mas hcen on the long side.
"'nu"ilS tue market became overloaded.
an" " "iu" VaNe huoh oil u bear raid to
w" ou' seN''"i 'houS''hu ~" ana a~-hale
io's. NOW 'he shoFtA feel encouraged to
selves make on n loan mar "a ent,r.,v ,n,
heavy.
Thore v-ere ma NOW f.o,urns 4, u,, ,,,,,.
hot today ma tho tradl,y was ~, ,
lighter scnlc hmm y,stor3,v IJvo,.noo,
futures showed n dacltn. of only 4-c.,s,
s-eid wh,,h WAS sonoxh,, Love. ,han az
poo,cd. hut thia dtl NOT havn +, ,,vor,h,c
influence unon vclues nm mi. ,ada
AT today's session New York fu,urcs
oponcl eusy with ga hid for March The
lowest s,to v,a an ana nrl noforo ,ha
"'io "'' ~ o'''' anu poioro 'he
second cal the price hal advanced 10
ESQ. During the afternoon March fe.i
hack 10 G7i ona closed nj Il 75s;e ~ ,..,tn,,
1s1to "a ,, - :. w ~, a''"'''s'
o''nuo'" yeN'"N'iy' May sold at 6'SO carly
in mo session, advanced to COZ. then ehsed
OF agair. and closed at GSsmGSe mr. a
: points ioWer IMAM yesterday. Tho IAN
[ cllnn Tho nuoi,,,lona ,a,,,,,r ,.o., 49,,
. -, ~ '""N'"S ''o'" ui-
! >'""S." w punt auNaice'
= In New orleanH March opened with 65i
bid, sold AT 6.53 for the lowest, advanced
to Gee and closed az gLs5is no MAJ -
snn al s.Gs I'm, ,umncd 10 07a hara,,'
SUI ~ 49, 'uN Iuu,Peu 10 va peiole noon
anu o'osea AT o',pHo'l' against 0Il@S72
yes'eruay' Ihe Distant months ranged
> from UNCHANGED 10 / point up. except on
. Septeuiber which ,y,,., q ,,ln,. ,to,,n
| -
/, New York. February Observation-Disclosures
, cables caused the cotton market IN onen
. - ~ ,' 80 " wv"
WYNN 'o""N I"u P'N's u"eA"ed 10
points on the first call. Later cables Were
= better shan looked for. and buying by
houses with Idvornool ooun..tion,, waa n
,.,,,,,. ,...,I',, =, . -, a 49,, r.,
'e'"~o' vi 10 points iol-
lowed and was ATTENDED by considerable
actively. the advance being accelerated
he reno,,, fror, rnl ,,tvo. r,,,,,+,,,,, ,,,,,
-, s.,,e. 49,, - -
| tnuei NrtlNfy ana UnnntHS an pint