The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-17
A BREAK IN THE PRICES.
Bears Seem to Have Temporarily
Secured Control.
LARGE SELLING ORDERS RECORDED.
main Unchanged ON This Side.
Office Of The Past.
Houston, Thurslay, December is

Office of The Post.
Houston, Thur stay, December is.
Liverpool off 1-6i on futures. and 1-S2
on spots gave encouragement today to the
bears and they assisted tired longs in
selling the market down below the points
where 1t has recently found strong sup
PORT. New orleans closed points down,
and New York 2 points lower. with the
bears aggressive. and claiming that a fur
Their break to within the neighborhood of
3 cents In New Orleans is certain in the
near future. This element was on its toes
early this morning and flooded the wires
with bear news. but despite their efforts
the market recorded only slight decline.
and closed steady. POSSIBLY the bears did
| more talking than selling being willing to
let the other fellow do the selling. and
J there are indications that some quiet COW
ertng was done. p. W. Hunter & Co.'S
| advices early were quite bearish. and this
house executed large selling orders at the
| opening for Houston people and outside
| customers, and sent further selling orders
towards the close. Most of this selling
was against purchases of spot cotton.
watch the country turned loose more
freely today. and which was promptly
hedged The holidays are near at hand
and not much change Is expected. In
the meantime the bears find that
somehow the markets resist their efforts
and respond readily TO any buying. The
price is low. and the strong parties who
are long OF the market, could cas.,y cause
stampede of the short interest. should 1t
become too large and not have the spot
cotton back of It, TAX OF reduced AGRA
age VIII soon begin 10 have its effect
and an improved sind demand ,,.o,,,t
cause q, ,,f,.aro II, "Viiu
O"''' a.. ADVANCE Whleh might grow into
an old-iaShoned bull movement. should
the idea grow that the cron h,s hoon
oNc'estiinated.
Port receipts were 5222l. against as es9
last year, and AZ .1s2 in 1Sq4 New Orleans
expects tomorrow l4ooN IN 1e o,o agatrst
TO- SIS last year. and II 500 in 1901
Houston expects 12C9p to 10 800 AGAINST
II 40 last year and oO57 in 1Se4
c,, % IN control
$50 - ~ .'ei'a, 'so" Vi houston say
80, p00' SUI ~ '9eu U'ie puI-s by declihihs
i12-o4ths Vhls morning. This encouraged
the bear element, also some who have
nee, uronaunca1 b,,,is TO-. -. - -,
o,,,-,,i,,, ,,,,,..,,,N, N'' ~ 'es"
odNisihS purchases, to offer large blocks
of cotton in an artempt to start liollida.
tion and therelc, bro,l, ,,rio,s No. -
forts were o1iv IN fneir e.
over. as Tho I1,,pi so now
buyer was II - m%ri,n - io'.
was offered e-,aal me- ,od " aDsurp WIp't
Nv ali Nv +, 49, -, rI,euuct,on IN wages |
mr. rr1ised s.I-.,-e nm Mi eprIipioEeIs ana
with a free m5vement US S's w tossther
munition of the d1v Errnnc tg,s,r,a w MI an
disposition IN Inv h,,, ti w .eloWs some
si,its %SW w tow uhdu hotie business re-
terday New Orleans nolnts io.n, ,s,aii $50 YES,
easier and unchanged. We believe that |
fa;,, gTnort VIII ne made on the par Of |
ing to the scent theory nv 70 a' ISL sl s.ie"-
whenever an opportunity Is offered.
,o,,.
INV nrivate wire w. - W. $3.50 $3.50.
New Orleans, La. Decemhnr 1c y M M,