The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-03
DULL AND UNlNTERESTlNG.
No Apparent Life 10 the Cotton
Markets.
ALL PRICES PRACTICALLY UNCHANGED
a Better Feeling Abroad Gave
Temporary Impetus to Deliveries
on This side.
ofAce OF The Post.
Houston. THURSDAY. december :.

Houston Thursday. December 3
The cotton market drags wearky along.
with nothing to interest SPECTATORS, who
seem to have turned their attention to
grain ard stocks where the fluctuations
guarantee quick action for Investments.
Tho movement into sight OF 5.2s7,00]
bales indicates a. crop slightly in excess
OF 100000. hut as this has already been
discounted long ago it cut no figure In
speculation.
Receipts at ports were Jes7i. against
&c 46e Last year and 47.426 in 1891 while
cIearamces We're ~. Gas. against l20t5i.
| Liverpool came In higher on futures and
spot sales there were l2000 bales. as
against 500 yesterday and the same NUM-
Der the Gay before This stimulated prices
on this side and an advance of points
was ait one time scored. Later in tho
session. however. the market dropped
back ard New York closed unchanged
While New Orleans and Liverpool closed
I point higher than yesterday.
Galveston advanced spot quotations Lie
all Around. while all the other markets
closed unchanged.
On December l. 1894. the average price
of cotton On piaptallnns was 40 cents a
pound.
| New Orleans expects 1i,Oo0 to 1900 to-
morrow. against $500 last year and 29.416
in 1894.
| liouston's receipts are estimated at 49,
800 to 1900. compared with s517 a year
ago and l2,92l in 1894
| (By private wire to r.. w. Hunter e. Co
| New York. December 2.-In response to
| more encouraging aidv.ces from Liverpool,
our market opened up points, and has
| been dun but steady all day. Spot bust
| ness in Liverpool improved, and futures
closed with an advance of / point, due to
| Lesser offerings from the South. There
| has been no feature of particular note
| In the trading today. and the market has
| apparently lapsed into a waiting one. with
| neither side disposed to- force ITS position
| Just now The amount coming into sight
| December l. 5.2S5.bS7. was about as ex-
| pectod, ard WAS variously flglred az indi-
eating crop of 100000 TO HOO. 900 bales.
| the latter figures being based on inter-
| rupt1on to the movement by quaGant.nes.
and reports of lack of cars with which
to move the crop. Speculation, for the
| past few days particularly. has been act
| i've in stocks, and a bull market of sur
prislng proportions has developed The
| rllhlic seems really to take hold of any,
thing that VIE move IN response to ITS
Orders, ard q may be that the day is not
lar off when cotton will come in for It's
| share of the business There are many
| rich people who are fniylng constantly on
| Il small scale. and should the outside pub
bic take hold of cotton, II ia possible that
| a huh market might develop very easily.
| Ihe professional trade is against lhe mar
| ket hut this class can cnaTye it's mind
! very quickly. and doubtless would gladly
| join in helping az, advance If the chances
| IN favor of II appeared good. Anything
among the cotton brokers, and the market
| has acted today Ike II had lust az soon
go up as to go down, ana only waits en-
the orders to shape its course.
4 ScnIpcr~ Market.
Try private wire to b. w. Hunter & Coz
| New Orleans. December 2.--Fairch!ld l.
| Hobson say: Prices generally have ruled
better in the cotton market today, the
| influence being the unexpected steady
| tone of the adviccs from Liverpool Sell
crs there seem to have withdrawn and
influenced by lighter offerings from the
South an advance of Ibid took place, The
| increased spinalers' tadngs also exerted
| an encouraging sarttmelt, inducing some
| limits to be raised to the market which
| helped to bring abenit the Gognts i'm
| provoment. On this basis prices ruled
| steady during most Of the SESSION. with
| ~, apparent difference on the part of
| traders to do much either way. hence
| when at about the close numerous selling
orders from Liverpool appeared, and for
| no apparent reason. buyers withdrew and
| most OF the advance was lust With
the Night trade existing we rather think
| the fiuctugtion at the moment Will be
| only of moderate proportsons, but of q
| saggiig tendency, and owing To the gen.
| eral indispositlon OF traders to take any
decided stand. we think scalping either
| way, that Is. taking advantage of weak
| spots to buy on and strong ones To seq
| OH, viii fully compensate traders VINO en-
| ter the market.
| vtrlett 4 Co.'s Review.
| (By private wire to b. w. Hunter & Coz
New York. December 2--Atwood Violet
& Co.. m their circu.ar. say: Liverpool,
as is known. came dcc.dadcy better than
expected and until recently II would have
brought about considerable more improve
ment than occurred hcre this morning
This sndlcates to us, as we said yestcr-
| day, that the long interest IL becoming
| tired, while new buying Is perhaps falling
| Off II villa require, in oa,r opinion, con-
tsnued good markets In Liverpool to ssis-
tain prices. here: in other words, we are
| not as lkely TO take the initiative on the
bull SIDE. at least not fsr the present, as
! perhaps Liverpool consequently bull
| movemeclt, 1t DIS Thought. should be begun
! there. rather than here The average OF
| the crop that came into sight by the first
OF December yearly since 1851 Is about 81
gsr cs ,s, = The as am amount IN sight on -.
| show 10 be 81 per cerv OF the crop the
yield would then be 10. 10000 bales. We
| Nsok Tor tower prices.
Movement Into Sight.
| Carg'sa & Richardson OF Houston say.
The amount of cotton into sight from
September to December Is ,ssaaily con-
sidcrcd cne-half cf the crop. The amount
into sight this season is 5.eS5,ooo. which
means on this basis a crop OF 10. 30 0Co
| bales. or about the average guess OF the
| larger exchanges. Al present II Is not so
| much question Is cottan low enough
| with crop this size. but rather will the
| bears force the butls 10 unload or will
the bulls continue tfeir support until the
| pressure of SPOTS grows sufficiently less
| % cause the Consumer 10 take the load at
advancing prycss, Bad wuather and n
ranter better liverpool gave tho bulls
SEINE encouragement early. but all the
sisn WAS acst near the o'ose. New York
closed practically unch5nged New Or
.eafs unchanged TO point higher. Spots
We're quoted lilo higher m Ga.yestoa:
other mari ats unchanged.
New York Cotton Market.
| New York. December 2.--The cotton
market today was steady a.,i tended up
ward. Southern spot Gotten markets are
showing fair degree OF STABILITY ami