The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-27

fART Of THH LOSS WAS RECOVERED,
Uuyfng Wa Quite Active II the
beciins--Port seceipts Were
Heavy--A1arket Notes.
ofnce q Tho Post

offlce Of Tho Post,
Houston, Tuesday, October 26
Th1rty.slght thousand bales OF cotton re-
ceived at New Orlsnns, 1900 at Houston,
5000 at Galveston and 14,0C0 at Savannah
WIN give sosnc idea Of the movement that
confronted the bulbs today and account TO
great extent for the very sharp decline
chat was recorded early In the session
Tho break at Liverpool also helped the
bears. futures there showing loss Of
2.64L whdlc spots were down 1-32dDl-1Gd
The American speculative markets were
eight points down at the lowest, bat New
York closed 5lf6 below yesterday, while
the days loss at New Orleans was only
3dp5 points. Spot prices were Nc lower
at Memphis and New Orleans and Lice
down at Galveston and Savannah.
White on every sharp decline large
blocks of long cotton are liqutdated, and
Hany small TRADERS are wiped Off the
faco OF tho EARTH" there Is great deal Of
Investment buying at present prices and
tho lower II COOS tho more attractive will
the market be to outsiders. A great many
a thing to hold rs corner lot In a grow
ing town. Perhaps they now think cheap
cotton and growing towns arc both de-
ccptive. but there WIN undoubtedly be a
further rush to buy at 5la cents for jan
sisiry. and should tho market ever touch
s cents tho brokers Will have O business
never before oqualod.
There were very few features OF interest
mt today's session. Trading was quito
active, bnt fluctuations were within n
marrow range, New Orleans showed con-
siderable strength toward tho close and
there was also some biytng on the curb
there Predictions of cooler weather In
Texns aud other parts OF the cotton belt.
caused soino uncaslness among the shorts
and many Of them covered their sales.
Tho lowest sale OF the january option
MT New orleans was at 5o2, soon after the
opening. The price then nuctuated he
tween 500 and 595 for several hours ad-
valnocd to 5W during tho afternoon aud
closed with 69i bid, against DC yester-
day.
In New Orleans January sold at 57 for
tho lowest aisd hGS highest. on the close
bl6a was bid against 6G5 yesterday.
Causes or the Decline.
nv, ur,,,,., utr> a. w ,I,,n,n. g cn
New York, October % Tho market
opened demurahSod this morning, inilti.
cncad b,, Tho ,t.on,,,,ttr, ti,,o.ro,, ,,,-
bles ana heavy receipts at ports, which
AFRO officially estimated at 5000 bales
against sl.S9i hast week, Gl5i2 last year
nnd 1906 Va 1894 Initial quotations
phowed d loss of from 10 s points, as
compared with ynsterdnv,s closo. There
was e''''"o'''"' ,"i'''N-'''Nn !" eN'u'nVu
Tor account OF dlsheartencd holders, but
tho offerings have bcnn absorbed with IN.
ct,ttv and ,,,o ,nar,.et has sunso,,,o,,,,
c""y anu we hHrhot ms subsequently
developed very steady undertone, A
prominent Greek exporting house has
been free buyer against large sales 10
p'e" i''" ""s't 'as"'''' ''rse ei'eN 70
the continsnft and the new low level this
morning established has also brought In
aornc froat, a,,,sLbo business p,dcas ,,,
-. -. 80. -,
consequence snow a sliSht recovery from
tho lowest point.
Whit. mo unexnoctcdly hoayv reccints
a., s,,''s ~ ,,'.,.'..'...'',.
may ne lessl'ieo os an uil'aNot'nn,S .ac-
,ur, pnoip y u" oount ,nat thp unhttVt-
Tupteu ueeihne, Soulolhol WIN tnn yellpW
ltSer scare, atl ,t NE Isoent rnI9I.s hdl-
chting uile posssinlints on - solNo an ''an-
sasn'te nave aenorsaxea 10 sn'at OK
teiit sny,oa. .aNuors ana p.anlers nave
eaus' ,S ,trm To rush thslr cotton y mar,
hv,t sslAvos nhtNe.t,,,hb tile uhpNvhch' ana
sei'i Iuntner mnseStih,g IN. market. IN
i ,iSs assuo aus laoaslon aos, Mases that
n .,'n country msrohalls alla many
Pm q. me ,aaRsst sstton nr'ns IN Ihe STATE OF
uns,'en anu that prices nave been undniy
thp ,as, ~ many g y, hnI, us y, ,s,nr on
sell AZ current quotations.