The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-02
MILLION MARK IS PASSED,
Houston's Gross Receipts Tally with
Those Of 1894.
WEAKNESS IN THE FUTURE MARKETS.
Aii the Markets show Declines of a
Few Points--rhere Was Good
Investment Buying.
Office Of The Post,

Office Of The Post,
Houston, Wednesday, December /.
Houstons cotton receipts today passed
the million mark, and a strange co.nci-
dence Is that 1t was ON the same date In
1891 that the million point was touched.
The record Is as follows: Crop 1928
February IS, 1893; crop 1sos-94, March 49,
1894. crop ls9i-s5, November 80, 1894; crop
1896 April 10. 1896: crop lSes-T, Decem-
Der 2. 1885, crop 1878. November 80. 1887.
| While the spot markets are generally
steady at unchanged prices and with small
sales. there was some weakness in fu-
lures. Liverpool leading off with a de-
cline of Ltd. New Orleans and New
York both opened unchanged from yes
terday's close. but as the session contln-
ued declines resulted. New York c.osed
az decline OF points from yesterday
AMI New Orleans Is 3di4 points down. The
transactions IN both markets were larger
than for some tine back.
| The port receipts footed UP 47,55S, against
1916. last year and 1920 In 1884,
| New Orleans expects 1900 ITO 1900 bales
tomorrow, against 9172 last year and 10 1913
In 1894.
| Houston's receipts are estimated at 5000
to 1000. compared with 7l20 last year and
| 14.S27 in 1894
| For two days spot sales in Liverpool
have been 5000 each day. and reports from
the other SIDE are not such as to Indicate
| that prices will he higher. Nearly every
one seems TO anticipate a gradual decline
|tiil the holidays, as conditions are UNI
| favorable to the bulls.
| (By private wire to r. w. Hunter Coz
New York. December i.-Liverpool came
| dull and unchanged. with small spot sales
OF S00i hales, and we opoa ed unchanged
| to point higher, but gradually eased Off
and closed 4 points lower than last night
on very small trading. Liverpool closed
polrt Off. There has been some selling
again ST spot cotton and a little liqu.da-
ton by holders. whlch. We think. VIII as
sumo larger proportions as the market
declines. Receipts and ettimates were net
so heavy today and there WAS sospe buy
In; TO- Investment, but the demand was
easily supplied Nearly every one has
hts mind made UP as to what the crop Is
going to be, and receipts do not at the
moment exert much influence. In fact, as
we have constantly asserted IN these dis
pal ches for tha past several days, there
is but one feature In the market and that
Is which side will turn loose, and the
Advantage. is apparently all with the
generally easier and the demand 10 quite
limited Trade conditions abroad are ;er-
t,idnly NOT encouraging ard The news from
til" other sid partakes of the dolefu,. Cot
tor t. surely sale for a few points more.
and there Is a possibility THAT those VINO.
Instead or going short row and taking
the BIRD in hand, will buy at lower prices
s fsn re seq q he a, os who tn tha
May cotton IN tE.s mtrk1t will sell .ower
than ever before: tina; 1t will go so low
that the bulls who want to get In at $50,
5.25 and even so, will get all they amt
AMI then go broke II they continue to buy.
Violet IL Co.'S Review.
By private wire to r. w. Il'''ter 4 Coz
New York. December Atwood Violet
e. Co say: Our impressions OF this morn
ing, as wired our correspondents gener-
ally lower markets and advis-
ing to sell-proved good. 1t seemed to us
after the opening that there were eve
dences OF n tired long interest, In the alb
sence OF any immediate prospects of suff-
Client bullish speculation to advance prizes, |
anG enable those who have been buying |
recently on a basis OF 70M75 for January |
10 realize pront. Amy general recognition !
OF these conditions. we felt, would DE GER |
TAIN to bring about liquidation. and we |
soon saw that our surmises in this respect |
We're being realized The small spot bust
or long contracts. While believing that |
we shall ultimately see considerably high |
er prices. 1t looks to us now as though |
q decline can he expected. and particular |
~ so Il there - any general selling out OF |
what has been bought freely during the |
pas, few weeks. OF course 1t will not 90 |
70 leave Liverpool out OF reckoning just
because they have shown an easier ten
dencv for several days. and II would not |
be surprising II they should stir up DO
morrow better than expected here. This |
Soma tt.xt,.
think the advance would be short lived ,in- |
lees SPOT demand should become more pro
nouiccd. both on this side and abroad.
thhn at the moment II s~ms to be.
Buying for Investment.
t'y private wire to p. w. Hunter & Col
New Orleans, December l.--fairc,ild &
Hobson say: There WAS moderately
active trade m the cotton market today,
with the feeling somewhat easier The
Liverpool market was 1-6id lower with
spot sales OF 5000 bales at 3i4d for mid
.hsl'ng, with houses with American connec-
lions reported as making liberal offers of
IutCres Hera opening prices reflected
.tte change, but n decline later set In,
ins 70 sales AGAINST spot purchases. The
,,n cotton for investment, and II Is this
remand that prevented greater decline
.oday. ON a basis of 20 for March and so
,or May, liberal orders appear at hanc,
ma as short sellers are scarce the de-
nand Is only slowly supplied The esti-
mated amount 10 come Into sight for the
week Is about $4,000 to 300 900 bales. The
hose was steady at $40 for March. with
sales of g.. 500.
Good Investment BuyinE.
Cargill & Richardson of Houston say.
yesterday prices were fairly well man
aimed with the biggest day OF the season
while today. with comparatively light re-
'eipt,. the market declined much. but
o a lower level then for some time. Good