The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-10
COTTON MARKET SLOWER.
Some Disappointment Because Liv'
erpool Scored Decline.
A SMALL ADVANCE WAS EXPECTED,
with but Few Snlcs-POOr Eu-
ropcan Demand.
Office of The Post,
Houston TIhnirs,I,y Dpramhar q

IlpuSi0ii, ShiiS, DttfiiibtI y.
The cotton market was somewhat slower
than the day before and but little In
tereSt was taken in transactions. prices
| remaining the same, with sales of 200
bales. There was disappointment In the
action of Liverpool scoring d small de-
cline, when 1t was confidently expected
that the rule would be a small advance.
The market started easier, however, and
closed dull and unchanged, New York 9
points lower and New Orleans points
down. Sdne incidents Of the market arc
given by Messrs. Cargill & Richardson, in
their daily review, as follows:
New York wired that large commits.
sion house Was a liberal bLyer for invest
merit account but all orders were easily
Mled with sales by professionals. New
orleans continues to contribute her share
OF selling. the crowd there stu being very
bearis'h and looking for 80 points decline
IN the near Culture. Indications point TO Il
niue ireer movement. especially into New
orleans, from the Mississippi and tribu.
taries. while marketing in Texas continues
lairly liberal. which is to be exJ4Gtei
CHRISTMAS Spot quotations unchanged
with litt.e doing In the larger markets
due to poor demand from Europe. Should
prices docAne fer two or three DAYS pur-
dhaseS VIII prove profitable"
r. w Hunter q Co. received the fol-
lowing from their New York correspond
ents:
New York, December 9.-Liverpool, after
opening fractionally higher, eased off, and
closed half a point below last might. Our
market opened l to points lower, and
further declined points, the feeling being
somewhat easier Spots were reported as
being freely offered in the interior at a
shade under quotations, and holders as
rather anxious to sell. Receipts fell about
800 bales short of 1894. but estimates for
New Orleans and Houston tomorrow were
liberal. The market has been dull. very
dull, all way, and the only thing of note
in the trading has been steady covering
by some of the larger bears. and quite a
good deal of Investment buying by houses
with prominent Wall street connections
rms buying does not specially indicate
that any advance will be forced. but is of
n character that can and VIII wait until
such time as profits on the purchases may
be entirely satisfactory. The market APP
pears to us TO need something much more
lnvigorating than mere investment or
speculative buying, and where it IL to
come from except in a. better spot de-
mand and more encouraging trade in cot
ton goods, we can not see. We still think
cotton safe purchase on soft spots for
snort profits, and think 1t equally as good
SAFE on tho bulges for Few points gain.
-.twood Violet ~ Co.'s Advices.
(by private wire to b. w Hunter & COS
New York, December 9.--Further weak
ness at Liverpool, Notwithstanding our
Improvement of yesterday caused here
several points decline The bullish feeling
OF yesterday disappeared here today and
there was considerable liquidation OF
MiTcn at 576. Buying continues, however.
on all declines. and there are so many
open orders to do the same thing on re-
ceding prices. as To give the market a con-
tnual support Although receipts con-
uhue -arge, II is of course what must be.
!, tne crop Is lO90,ooo bales. Cotton, how
VAIN such estimates. Bulls believe that
W nile prices may still further decline. pur.
niiaSes VII eventually sh-w large profit
We We Sornclde with these Yiews. Neither |
,ue Is aggressive on the contract mar:et |
spot demand ia not in keeping with the |
receipts, and this IS helping the easier |
Ieeh9s n contracts We stgl believe cot. |
ton should be bought on weak perio ls hut |
~ the same time to take small n,,otts
There viii be a time when ii can be- |
nought TOR permanent advance, hut that |
time does not seem to have arrived got.
Fnirchild Il Hobson's Adyicex
NY private wire to b. w Hunter &, COZ
New orleans, December 9-Instcad Of n |
favorable response to the advance in the !
American markets of yesterday riyorpoo, |
shower further decline of u point. Spn
ners, however, We're fully dispasel TO ada |
10 their stock and took 400 bales for the |
hay, which excited some comment. CON
'ldering the recent estimate Of MIR Neil |
As II IS to him spinners attach more i'm
'ortahce than TO any other estimator we
saIt call to mird. This fact wo,rd rather
hdicate that supplies are consil lad on a
'hNiP p1SlS even though a decline WoulJ
.ehpofaffly take place. Our recent CORE
'pordence from various sources Indicate
mat there rs a general disposition tc hoi5
,o,ton fSr rise, the theory tcng thnt
'edhced acreage talk and the possihilitv
u an unfayorahle planting season -cy,
'nrlne would fully compensate loIlera an
v hateVer Investment they may NOW nlal,a
n cotton This theory VIII q a correct
'he' should the crop be a moderate on
ma me nope of the bulls ,callzed M
mount the crop turn out an agrrce.,1s
y aN'N sG6h proportions as Mr.. n.eill's rs
en- estimate, we think The !0lS ,nterssI
'oud become tired out and bring nt,nt
MUTATIONS Snitc!eIt to force values 10 ~
over bass. The market today shows "a
p ISS 2t ) 10 points under yesterday hut
ne CLOSE was quite steady. near,y every
N"Ner mas orders TO huy March ard NaS
III a basis OF 40 ana 50 The close 49,;
vas al IL Tor March and il for Nav.
COTTON