The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-22
N THE COTTON MARKETS
Statistical Information from the EXCHANGES
Of United States and Europe.
COTTON is PRACTICALLY IN 4 RUT
rIuctuntionx, Port Receipts and
Prices In Liverpool VIII HAVE Lit
lie Eject ON the Flcecy.
Office Of The Post,
Houston, Wednesday. December q.

&@ Houston, wednesday, December q.
co,ion "a in rut and will practically re-
MAN there. regardless Of conditions and spas
,nol,c fluctuations brought about mainly "
commission dealings. Sales abroad and re.
eeiits All home will be Of little or no yalue y
the way Of prices; Ate s, ne sn On between the
bulls and bears, and the present OUTLOOK
decidedly In favor of the bulls. ,as n
Eatao RS Ssw L osssss Ss and
York unchanged to points OIL. VI. oraat.-
Port receipts were large, but NE srea nv,
portion moved in Texas , eons,s nN getting
biOckaded f1eecyJ wnlcn Is JUST ho" o~Sr
Estimated receipts for tomorrow aa N se Or :,
lens are 1900 to ls, oQg, agaihs. n4cis ~ 10c
$751; Is 1880 against '''' '"'' ,'''
Caigill Richardson's review Of th9 cotton
mnItet: Today's cotton market was aNno,
repetition Of yesterday, except that Aprac U.a;
show more of disposition to hold. .LiyS,puU,
sent a rather disappointing market, Iuture !.
there being 1-64d down and spot taKlnss ymy
al the opening, but this was the sum total,
Wall street buying again being IN eViaYn.NhS.
outside OF this there were no features III .nc
ment increasing and the demand slack IN
terrier selling is slightly increasing. putl not
sufficient to be pressure on the future u,a 1ss
n,
ut New Orleans and Houston 11.eoo hRles
larger than last year Considerable Of Yne
cotton moving In Texas is old biockadcn STU n
which has been sold long since. the daily ~
reipts at the interior towns not being in keep
ins with the movement
Il. w. Hunter & Co. say of today's COTTON
market: Shorts took advantage of the NV
points decline in the early trading to buy w
their cotton and secure the profits in sigat'
lty al
ing in the opening decline being recovered auu
the close very steady at last night priceSs1o
point decline. last trades being made at thH
best prices of the day. There was eonsidett
abe scattered selling on the pretty weatheE
aud heavy receipts. but offerings were hot
equal to the demand Houston's estimate rap
looks as II the into sight will fully equal, X
NOT exceed, last years. Tbs movement IS
great deal heavier than expected, but 1T dosS
nor seem to throw any weight on the marketl
shorts apparently welcoming any little easy
pei .ods upon which to cover up their conI
tracts. The market has the appearance on
traders and the scattered interest on both SIDES
is concerned. The tip was out this morning
that prices would go 10 points lower and that
ground cents for March in New Orleans the
market would be taken in hand again, # IT.
was then freed from small traders, and
sharp advance would come. carrying prices
above the recent high level reached. There IS
no doubt that at least two OF the largest spot
houses in this country are on the bull side OF
the market, and they have with them Wall
street and its strong following, while such
houses as Price, Mum and private wire firms
are keeping their customers long of cotton.
strongly advising purchases on all declines.
Sales against spot cotton, Liverpool and New
Orleans selling appear to be on the other side
of the market. The question of paramount
interest is whether not there will be anyl
attempt at liquidation or to cover by the big
fellows during the next two days. Both sides
may feel confident enough to stand by their.
trades over the three days holiday. and II this
t. tr, s,,- trttf
any material change in prices. Our New York
house wires us: 1.-THE whole world seems
helping to higher values for everything ex-l
cepL cotton. and yet American cotton practi-l
cally clothes the world"