The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-03

All SPfc0lAt0Rs APffAR 70 Bt At SEA


Houston Friday, December 2.
q fSveryfody In tho speculative world scems
- b perfectly at sea so far as cotton Is con-
cerned Receipts. weather and crop csti-
mates arc all Figured into the market. When
Liverpool is expected to advance 1t declines
and WHOM IL IS looked to for decline It
closes unchanged or at practical advance.
The situation Is nervous. The bulls are
confident and 70 are the bears. At the same
time neither side is aggressive. They figure
on receipts and estimates and then hcsitatc.
Tho market needs n leader or combined ef-
fcrt to drag " up on a higher plane Of values.
No ono for. a moment will not agree to the
statement that cotton Is selling too cheap.
but continued Investment buying is needed.
Liverpool today showed little better un-
Jcrtone on futures, though spots were un-
changed. buyers asking and getting conces-
s1ons. ,s
New York advanced all spot quotations l-1sc
and New Orleans put up good middlinE lis
and midding fair isc.
In the reviAw OF the into sight and visible
llester's report gives all statistics and conf
parsons which explain Themselves.
Futures In New York and New Orleans are
from a point of TO unchanged,
As compared with last Friday, New York
Is UP Ii to u points and o to 2 points, which
is n good g,.in considering tho conditions.
Houston expects tomorrow 1880 to 1s.3o0
against 1850 last year and li.iS9 In 1891.
New Orleaiss expects 1000 to 10. 900, against
Is. 6sl last year and 1855 In 1884. M
Hunter a Co.'s Cotton Letter.
b w. Hunter 4 Co. say OF today's cotton
market: Despite LiverpooI's Discrimination to
follow the advance. that market being down
1-eid instead up Ltd, as expected. and doing
d small spot business, cur markets after a
2 poarIt or two decline advanced Q points. the
steam left under the market from yesterday
easily sending the prices up. Buying orders
were sent from tnis side to LILY crpo0l and TINT
market was cloxed NJ la-6Id advance. Unset
t'der weather and almost AN entire absence. OF
sellers were the bullish features ana buying
0rueis could be filled only Mt advancing prices.
The high point reached was Just 10 points
above the lowest Of yesterday IN New York
and points IN New Orleana. At the highest
z level the buying power seemed FOR the mo-
mont exhausted and the market eascd off un-
der realizing by scalpers who took the bull
side yesterday and this morning. the close
being the same as yesterday TO IA point low
err. II seems that European spinners have sat
"A lsiied their wants for thN present and any fur
Their advance must be engineered from this
side. whern spinners have not yet secured their
share OF cotton. Excellent Investment buy
Ing cont inuns as u strong bull feature but
speculation is almost entirely absent from the
market the bnyiug coming from Western and
l.astcrn capitalists. the South az d rule con-
tinuing bearish and refusing TO take the hull
4 side In a way that would be felt, Tho amount
s coming Into sight WAS about as expected and
ne total Is now 9g.0t0 ahead of last year. bur
there are very few people In the trade who du
not think that this crop has been more rap
idiy marketed than wns last years