The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-08
IN The COTTON MARKETS
Statistical Information from the Exchanges
Of United States and Europe.
NEWS WAS CONFLICTING IN CHARACTER
some BnlIish Features onset ny
BcnrIsh Infiucnces--Amcricn
ture Markets slightly Lower.
....s.ss office OF The Post.
Houston, "Wednesday, Dcccmner I:

Office OF The Post.
tloustcp. "Wednesday, December I:
News was conflicting III character toHAs'
| Both bills and hears could find eneo. ..'
nont. The unexpected resistance OF LS N',i
pool, ~ light receipts md moderate esq.
mates were all calculated 10 assist press ',Hu
were factors III the SITUATION. On tue e'hei
| hand The olear weather ovcf the belt aaa tle
approach, Of the Christmas holidays weuiu IN
dieate that there is still heavy moyemea'
u be anticipated before the close OF the !edr'
ii. New York there wns considerable selling
orders, which had a weakening tendency anN
the fluctuations In January admitted u niue
profit In scalpng that option.
sNt the moment neither side anticipates any
violent change ard prices may drag mons
Itwithin n narrow limit for some iimc yet
The close in Liverpool was about ut yes
tGrcay's last prices.
New York was 1 10 points up on the open
Ing but closed with December up ~ t anu
other months unchanged to points lower
New orleans opened point up but closed az
u decline OF to points.
Fort receipts were 51,iS9, against ts.t2o last
year and i6.207 IN 1894
Houston expects tomorrow 1850 to 1880,
against sac last year and 1856 In 1881.
Now Orleans expects 100. TO lS,eoo, AGAINST
1866 last year ami :i,46l In 1895.
Cargil u Richardson say OF cotton: Nearl?
everybody Interested in cotton believes that
the market Is loaded with big Ions interest.
and prices should decline. Usually this ID u
good theory to base an opinion or. We all
know that New York brokers have been heavy
buyers the past ten days, largely Tor Nat'
street New England aud the, western tf91c
ccnters. and, as We have said before IL tn,s
letter this cotton must again be sold,
ut a higher price ii the buying continues, puI
ut lower price should this support stop.
The rast two days we hay s ,, pfagtisalIy
causes easiness. The South sold quite freely
during the latter part of tho day, and buying
po NE aI,ns P1se9 , doG,rea Shows rocsios
1oS, S37 against $50 last year. shipments 1l5-
100 against sS.622 last year. Stocks. are bsi-
Al" against f,0,i6S last year. Should lquida-
lower prices. but when this fellow gets tired
aud sells out he will find strong people ready
10 take the offerings.
.. W. Hunter & Co. say of today's cotton
mailet: With 4 very favorable Liverpool.
that market showing Il slight advance on con-
tracts where a decline OF at least 1-64 had
been expected, and with a good spot business,
sales being 1000 bales, and with light est-
mates and with port receipts 10000 bales be.
hind this day last week, some holders thought
the market good enough to try and secure
some of their profits. and after an early ad-
vance of 3 points, January being the strong
est month. that option selling up points
liquidation by small holders get in and COT
tinued throughout the session, resulting III
decline OF . TO q points from, tho best oil the
day. FAR and warmer weather helped the
decline and encouraged selling. The feature
nj the II arket was the strength IN january
that month holding within / point of Mar h
IN New York and closing the same as yester-
day, while the general market IS 3 pum.s
lower. It seems that the pressure Of low
81 AIDE cotton, which was expected To make the
near positions very weak In New York, Is
having Just the opposite effect. promI reut
export t!rm, which for some time has been
bidcinE only II off on tho low grades, III the
country, whereas Tho diffcrontcs Were about
double this, has been taxing cotton on coii-
tracts In New York for some time, thus
getting the low grades Tor theiI Japan Id
mess. OF which they could not elsewhere get
buying January with the intention of taking
cUttun The semi-weekly was rather heavy,
fallin6 about 5000 bales short OF last week
aEd as shipments also fell short of last week.
indications are that the amount coming into
sight for this week will be quite heavy not
fal.nG much. il any, short of last week. Our
New Orleans house advises us that the mar
ket is heavily long and that they expect some
lunidhtion before there is any material I'M
Our New York house says that
rsihe. liberal movement Is expected for tho
next two or three weeks and the desire Far
Christmas rnon'y, which must be had Nv
hook o, crook, VIII cause the country TO sell
more freely rhe biz bulls in the marlscI do
NOT seem TO care II prices do DC l,ue a "
points, feeling confident of handsome profits. !
even II they have to wall for them until the
new year has set in. and preferring nc u
have too many little fellows trailing after |
them. The class OF spectators who have r.. |
Gently teer buying cotton car easily and
wii''iFiy stand z decline, which will shake |
.ut INC little fellows and might even help |
TO do this