The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-21
DULL AND UNlNTERES1INC,
Very Little Mas Dose u Az 1t tie
cottoa tlsrtets.
PRICES Of sPoTs MARKED DOWN.


Hoa.,oa, sa.uraay. Noyemesr y,

$500
interesting today. There was little done
In speculative way and prices were kept
within narrow range. The movement =
free and heavy receipts arc expected next
week. when big lot Of ouarantincd cotton
10 due to arrive at the ports. The spot
markets, with the exception Of Galveston.
closed At I decline Of LILO and Liverpool
was on i-ssd. The efforts Of planters to
reduce the acreage next season has 20 far
failed to stimulate prtces, but later ON u
Ia expected to have good ciiccs. tbs
season's crop IL put down AZ big one ty
even the bulls. a. It " evident thar sreat
deal OF cotton IL being held back far bet
ter prices. Liverpool futures went Of : ed.
New Orleans to > points and New YORK
i to points. with small sales. The re-
ceipts at New orleans for Monday are es-
timatcd Mt from $1,000 to ss.Uoo. sgsirst
49, Os last season. aud Houston IL expcct-
ing $4,000 to $4,000. sgainst S6s7 year ago.
A scalping Market.
q. w. Hunter q Co. In their weekly
review OF tho cotton market say;
Fer the Hrst week In quite awhile, tre
cotton markets have made no new low
records, nevertheless there have been ac-
tive fluctuations within the RANGE OF ~
points, the lew for the week In New Or'cnps
being 5.26 for January, and tho high $40,
while In New York January has kold be-
tween s. CT und ISL. The market each day
has afforded good opportunities III success
full scalping, and that class OF traders lave
secured about all tho profit there ass been
In tho market for the paAt week.
There Is little new OF interest u chronicle,
about hesonly feature Of the week being
the entiunce Of Wall street into the cotton
market, which has been the main cause 81
what little activity we have mad. When
this element went TO BUYING. prices ad-
yanced. but so soon as their support was
withdrawn the market BEGAN TO ease OF
under the weight OF spot cotton, Which
continues to be a drug on the market, and
finds slow sale except on the future bOr ds
Some OF the large shorts covered portion
OF the lines. thinking the Market low
enough. and that they would DO atlc to
make a little turn ON the bull s'9c. and
that the market would find support ut
higher range Of values from i:v.s,m.nt
buying and speculation md that they
could put out new lines at advanced prices,
but while there has been aome buying OF
this character. there was not enorsn to nd
vance the market very much. and the de-
mand was foaind to slacken as ;rices ad-
vanced, the market finding kool Ka,port
only on soft spots. and traders on zach side
takiug small profits. There Ia no doubt
large supply Of buying orders al fiorl
to Is points under present prices AMI we'll
posted traders know of their eA;stcnce and
are conducting themselves nee ordLgly. We
rather think that these orders VIII Ill be
filled within few DAYS nni unless an i'm
proved demand springs UP that tiioxc who
Al n N ~ N tiv,.n fr... t,.,lt
market hns not yet come. aui while cplion
may be a purchase for long pull. the
pull may also be hard and expensive one.
The session today has been dull end un-
interesting. Liverpool resp )nded tt orr de-
cline Of yesterday with break ufsis points
on futures and 1-32d on spots. Our mar
kets covered narrow RANGE OF Lpirts.
and closed ] TO 2 points lower tnsn last
night.
CarEiIl & Richardson's Review.
Carsill & Richardson Of Houston thus
review the market:
Another day OF bearirh conditions, still
prices hold remarkably steady. Liverpool
lower on deliveries and 1-3ad on spots.
Our markets were dull with opening prices
about unchanged. Extreme fluctuations
were 3 points. closing 2 points down IN
New York aud in New Orleans. Weather
conditions continue perfect and tho Liove-
ment very free, with indications OF con-
tinuance OF both
trusted CORRESPONDENT In Sl,crmGn.
Texas. advises as follows: Con ,erning the
top crop In North Texas we regret we can
not write as fully M we would desire but
we believe the crop In he Territory running
fifty to 100 miles south OF he i.ei river
will DO very heavy. Even In this belt. how
ever. Will be found rather poo' t.0ts Tho
indian and Oklahoma Territories arc ex-
pected to make fully twice Us much cotton
as last year. The weather du, L. fall has
been ideal. and until the cold nlgh,s, ", en-
there was q freeze. a 1ood many fields were
to be seen where plants were nr.,ty well
covered with blooms. The frost put an
end TO the smaller green bolls. Otherwise
II was beneficial. Nearly ev.ry one we
have met up here have large ,rcp ideas.
Farmers are realizing 50 mt ca more cotton
than they EXPECTED six weeks age" With
Of present Sondi,l ms prices
may be forced little lover. but deter
mined efforts will be made BY tpe bulls
to hold II not advance prices at .u,.ug quo
tations.
To Reduce the Acreage.
tBy private wire to b. w. Hunter q. Coz
New York. November 90 Price. Nc
Ccrmick & Co. say The extreme deDrcs-
sion OF this season resulting from tic large
production. Is already bVelnninp IA, sfi,,,l,