The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-30
UNDERTONE WAS STEADY.
News from Liverpool Of an Encour-
aging Nature.
THE DEMAND FOR SPOTS WAS GOOD.
slight Advances scored in All the
Future Mnrkets-Rather Liberal
Receipts Continue.
office of The Post,

Houston. Wednesday, December ~
The political situation In the far East
which Is disturbing Europe. was evidently
not taken into consideration in the cotton
markets to-day.
There were good sales in Liverpool and
futures there closed l-e4 up.
Port receipts were quite liberal and to-
morrow's estimates for New Orleans and
Galveston were the same These facts,
coupled with the heavy sem-weekly, were
used by the bears toward the close and
operated against any further advance. On
THE whole, lilowever, the market appears
10 be in its ODD waiting mood. with the
bui,lss ,nclined to begin a more aggressive
campaign after the holidays.
Port receipts today were Ash. against
81, 55t last year and 25.67 in 1894
All the spot markets closed unchanged.
with the tome steady to firm.
Futures in Liverpool are Ltd higher, in
New Orleans TO 3 points, and in New
York to above yesterdays last prices.
March in New Orleans is 5.i5-i6. and May
1851. In New York The same months
closed at 5s2-S3 ami 59l-92 respectively.
New Orleans expects tomorrow 1900 to
1900 bales. against 1SOOS last year and
1857 IN 1894.
Houston expects $500 to 10000, compared
with 1880 last year and 1881 in 1894
b. w. Hunter & co. say of cotton: Liv-
erpool did good spot business, and closed
1-64 up on futures. We opened up , to 3
points, and held steady until semi-weekly
was published, which was construed as
beirish and May in New York Sold down
3 points from 9ihe opening, to $50. which
was the low POM, OF tho day. aad $50 the
highest. the market closing at the best of
the day, witch u further advance expected
tomorrow. Notices were ISSUED for 10000
January. 1000 coming from a prominent
Greek house. but these were well cared
for, and did not attest prices. Receipts
were not heavy, but estimates were fairly
liberal, and possibly prevented a further
advance. The undertone was strong, and
all offerings were easily absorbed. particu-
larly OF the sight dccdues, and the char
Gcter of the buying was of the very best.
What change occurs In the near future is
expected TO be in the way of better prices.
CnrgiIi ~ Richardson's Circular.
Some time in January the logic of The
movement will certainly give us a de-
cided change IN the price of cotton. The
general opinion is that the crop will tun
out about TO- 100000, and with crop of mat
size present values are a cent too low. If
legitimate coalitions advance prices /
cent, specula ton can easily add anotnc'.
Should the January movement point 10.
say ll0o0,o00, which Neil and his follow
crs believe, the probability is that prices
VIII decline 80 to 80 points. We believe
The chance OF making 50 TO $40 bate on
the long side of the market "a better IN
drcesnent than the Possibility o. making
30 10 $3.50 on the short side. over ha.f
of the crop has gone tlto the consumers
fai.dS and those who have been waiting
for their spring supplies may be forced 10
AID those who, supplied, are willing to ~.
vance values.
Il IS very evident that Neilrs S.3soOJo Cor
Texas is over $4,000 too high. and. even
should he be right for the other states,
lhA crop IS not large enough to give Us
an permanently lower prices. We be-
Heve the time is near when buyer neNd
mot wait for an easy period TO enter ohr
market. although the present duiness is
not very encouraging for prompt aotior.
New York closed 3d. points higher than
Yesterday; New Orleans 2Gli higher Spats
quoted unchanged with an improved -
niand. Liverpool closed i.-6iul I'D up,
with good SPOT business.
New York Dry Goods.
New York. December 29-,There Is little
of interest IN dry goods. The current
week is a dull one, following the rule of
many years. Ante-inventory conditions
are the feature of the market. There is
no dear.h OF bargains to be Obtained
Gther az first hauds or with icIbbers, In
local tobhlns stores the stocks are red,ce5
70 aiincst base boards in some DEPART
buyers from local stores and nearby
.rau.ng centers and they have succeeded
IN most cases In getting goods al their
tSWn tgtiies In PRIMARY markets there
uave oeen great many sales of hurry,
m MAJ orders OF pVIi OTIS at very low prices
.Nssde from these transactions the hnsi |
Ness passing has been light. Through all
resuiar channe.s the sales are quiet.