The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-26
No Appareat lsterest ratea u SPECS
ulatioN.
The HEAVY MOVEMENT CONTINUES.
Moth Sides Appear a. ne rlaytne :
waitiss t~me--Lttsle CAauxe IN
the Delivery Months.



and bears alike seem to be at sea as TO
what turn the market win take. A num-
Der Of cotton mon eccm to think that
there may DO decline before the new
year, after which there viii be q decided
upward turn, the expected reduction IN
acreage cffsctting the heavy movement
now going on. Reports as TO top crop ami
the holding back IL cotton are s,la CON
netting. Ono buyer says he IL at loss
10 account for tho big receipts at ports
IN tho face OF little Offering for sale. Ex-
ports to Europe arc In excess OF a year
ago. which Is one encouraging feature.
Cargili Richardson have received 7e
estimates ae TO tho crop of Texas, In re-
Spouse to prize offered by them. The
highest estimate places tho present crop
of Texas at s,sdo,ooo. the lowest at a.lss,67s,
and tho average guess Is 2S7haaS
w 1894, the previous big crop year, jan
vary options in New York sold as fol-
lows: November ". h9S-ai; November Is
aSo-si; November -, hcAtiay: Novcma,cr
80. 5bss-d0: December !. hsl-e9. December !.
5,sS-5s. Tonight january In Now York
closed at 57s-7i
All the spot markets closed unchanged
again today.
There was little doing In futures. law
| erpaol advanced i-6i New Orleans closed
l on and New York was point up.
New Orleans expects 1900 TO M.0oo bales
Monday. against 81, 40 last year and =. ass
in 1884.
| Houstons receipts for Monday arc esti-
mated III 1890 10 i6.5Ou compared with
Ssss last year and l4,i3S
| (By private wire 10 Il. w. Hunter a Coz
New York, November "a duh but
steady maaSset has ruled today. within a
range of 4 points, january til and 57b.
Our market has done better than Liver
| poo! quotations. this morning warranted.
and tpat market should be up Monday.
| Trading today has boon OF an evening np
character and had no special aigniilcance
| mo market advanced slowly, sa long as
there were buying orders being executed
and as soon as tho demand was supplied,
became heavy, and eased OF. II looks as
| II wo were on the eve OF n decided move
ment ONE way or the other. and we think
that tho market will very coon break out
OF the narrow gut IN which " has moved
| for the past few weeks Just at the mo-
| ment II looks like the bears have the adj
| vantage. ard we rather think that sales
wtll prove profitable until the long inter
est now In the market has llquidated, or
until there ii a better demand for spot
cotton and more encouraging adyces
| from trade circles, The short interest has
been careful during tho past few dHyp,
and seems TO have its ilnes In good shape
and well In hand On any appearance OF
weak ensng upon the part CT the bulls tho
bears are m position TO hammer the mar
ket, and help along the break by some
| yoiy aggressive selling, and they are eager
| for one more whack at their opponents.
! Some very conservative traders who arc
| friendly 10 cotton In the long run think
due. but that around $50 for May the
market Will find strong support The
| buying ORDERS uf which we have wires on
previous occasions are still IN tho market.
! two We rather think that these orders
| Will be filled In the next day or two. and
when they are, the market VIII be in bet
Ter shape Cor the bear attack.
Hunter g. Co.'s Views.
Il. w. Hunter a Co., In their weekly
review OF the cotton market, say: Tho
market during the week has moved On
the marrow range OF eleven points, ana
closes today with net gain OF 2 points
over last Saturday. Scalping has again
| proven the only profitable trading. and
| those who sold Oh the spurts, and bought
on the breaks Shutting thor eyes TO,
everything but those breaks and swells.
have had a fairly good week. II seems
that both sides now s3 tho market rave
| fought each other to a stnndstiil. and that
now the only thing OF real moment IN the
market Is which side IN going 20 make
| the OtHtf Gun. II IL Dtiuk AJButu tu3it
the market, after its long decliae. shows
| a stead1ncss now IN the face or the heavy
receipts and 6eafash news that IL almost a
| sure indication OF an advance. This may
be true. but there u a rule as Old as the
| hills, with which nearly every spccuintor
| 10 familiar, and II reads like this: After
a long decline. sharp break, with bust
ness much larger than the preceding days.
| and RAPID fluctuations, In an indication
that tho bear movement IL over with, and
the other side may DO taken with safety.
| We have not yet had this big days busi.
! ners. NOR the sharp break dn cotton. but
| OF the speculative side OF the market. as
| we tai<e II for granted that the other news
| Is known By all who follow tho markets.
| II In hard for a broker 10 give an
| opinion on the market and not take COM
| mtssfons from himself by so doing, but
| we feel 40 strongly that there Is a chance
| fer traders with Emitted capital and
little nerve 10 make money that We 70
| unheStating.y advise our friends and GUS
! toners 10 sell cotton on very ittlo bulge
| for profits Of ten TO fifteen points. We
| WI, surely have tho break spoken OF
above. and Il may come at any minute
| After this shake out. we will possibly
| have Some encouragement 70 give - those
who feel buldsh.
Violet a. Co.'s Review.
CBy private wire to -. W. Hunter Col
New York. November N.-Atwood vio-
| lett & Co, In their circular. say: A very
dull market with a steady closing ex
preYscs tho conditions here to-day. While
the total OF this crop marketed TO date
Is S1,00o bales larger than Tor the Same
1 date last year. the WORDS Visible OF Amer
lean is 1A,00v less. Our exports 70 date
| are l3s.0Do larger than a year ago. showing
that Europe continues TO take our cotton
very freely. Notwithstanding that trade
coS,iitions are reported In q denora..zed
| way abroad and no doubt Will continue so
/ unfu they have suDtJse1 Themselves for