The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-19
TAE PRIe !! / ! J !


II, ' I, 81 n Il : 81 ~ 8
New Orleans f4xncx- Tlvurrcy,,s ,s ~ "A
Us3h =, $500, q. s. 81 =. ~
- ''s NY ~ ~ @uu ~
+. susHissns cxert'ons q the poweFfol
bear party. pq1d0s have Eatned tweufy-dV9
POINTS. Within thtrav DAYS N. 49, -,
lvnx,w nv, ,,av,,s - .,,s,,,..s.,s -',. ,ss 49,.
- ~. s'''''iss'aSce nsch eves
WINK a*aAnst the value OF cotton. this cold
'siaSement VI facts conveys mtanlnR a
tho SisctpBt Kind Il - ~. s,,y,,.. = ~.
,,,,>,,, ~. u =
.-4' un,ss'osS Work nAs ever been done
~ pcnait VI lower values than has boen
etrn e1snro the iyth or t)rtohar ~, 4 49,
been l,aoka1 ~ ~, ,.,,,a .a..s 49,. -,
noNur a. INA aa,,s s.a
contracts r1.,ssJ NJ q ~ - ns sa~4Su
w,fhss, fhs> ~ - ~ ..''.. ~ e.vo.
dastlaved x,,, s.,,, sH,~ wy pcais nnss
reahtsrs az ina " tne
by ahr Ssct shst shs,' W. - es. Slt,ss'
ss,nss.t Al shs,us ,rs,, ss.,a ~ AN1S.t>s. .y
IL 90 /, MO ~. .js ,h ~. ~ etss ~.
any sno,n s.s,raps ,s.,. s s%'as nasc snvnn
but thcrc Mas ,,nSnh,a.,lv vpponVus =.
absorption 81 onttnn al n.'sv S.,,>,a,,ss ~ Z
lew ix,lnts lns..s., ~. 49, wy .. "a =
the msTket nnnsssss ~ NJ s,s,s ipmeu -
ite<. M only mo nri.,o ho ,,,s.,, s,,s
temntinr of .,,,,r., 4, -
uru( dor tho o,,assidcr NJ cn,ri,,.,s r., ~
should 10 able ,n Inv ~ ~ 100, s,.,,sa
whom no ,,sads tho c,rcr,.ma v"st Ass.o.
authority waosa ntter,,s's ',os ~. ~, VIZ w,
OF evayQyci,v whs, ,,ssis 4, s,,,,ssss, .,,,,.us.
the legitimate or tfr ensc,,,a, ~, VIZ AVA
80. therle Is a vast muitita,sa shat AWAITS M
opportunity 10 rot IN Al ehe verv SstSo,n
The oplmaon az wsit.an o,r,,,,ot 49, -
seems to be t,tSt ope,.a,gts ~ se,,, sx, ,,sii
enter the market In the arst DAYS 81 d Ina
nav year, at the current nYA.ea al tse limo
The critical monfenta ~ Inc movement
very significant has vet hanpened ina
figures going upon tho board. from day 10
day. lodge in the minds az ,exporls IN sneh
matters the grayoat possible doi,bs s.ot,ceru-
Ing tho es,aInate cf Mr.. Nsll-.-espe,.,ally
when the absolute lack of demand for bag
cling and ties. Ia taken into the account.
The unwillmgncss Of the bears 10 lay beta
other straw that shows pretty well the d.
rection OF tho winA Iouibt dis beginning
70 awaken and yihllljpnEe the supremacy OF
tho simple falth which has. up TO the prcs-
ent moment, been so much in vogue
Tho port reccapte for the day were a.
0oV bales rs compared with $1,000 bales
on the corresponding day III 1887. IL 10
hutudsl 10 suppose thutsthe bad weather.
Will have n .certaIln effect on the niovp-
mont, but the market would not view
any great drop With ccuaninity; prisgs
arc too low FOR that. AT tho Same tune,
II Is hardly TO be supposed that enc
or two weeks OF light movement would
create any funnre IN the market Men
OF strong character aud fiSod beliefs VIII
only charge their positiuns when andis-
putAbie facts leave no other alternative
at all. i; but when they do change. they
uct m u manner so icsolute and Fierce ~
TO strike terror into friend and Zoe alike
At the momeiat tho bull side Iahors an-
der the. disadvantage OF having no lead
5hnf
and Is very strongly held by a sust number
OF people scattered ever The whole face
or the earth With them, the price ID
the thing. An Interest OF that sort Is
onh OF the strongest possible description,
sG the long run; bud It Is not sufficiently
aggressive To accomplish quick results.
II is Hike the glacier which does not move
sit all. 80 fur as the ego can tell. but
which gi'lfds the granite III Its path.
Tho average operator prefers TO ride on
the avalanche. even though he have To
hold tho hair ON his head In 1895. the
CONDITIONS word Very ssniiiar to thoae
now PREVAILING except that trade through
catt The world wag unutteraby bad. The
market then behaved very much MS II 10
now At Ia and below the
demand for cotton seemed to be, TO I'LL
intenis and purposes Without a limit But
the bull side then had for its isadnr
the most masterful operator who ever
dealt in cotton. With vast sumo OF money
at his disTosal the spoiis Of five years
on the bear side, that remarli-
aide man accumulated cotton on the basis
OF Sd until his interest amounted to $4,000
balcs 1T MAS not within the scope OF
HE plan 10 allow thc bears to cell for
delivery IN the ''swoct-hy and by and
hen lay them down TO sleep. on tho
contrary lie bought the near position and
delivery, bale 1or bale. II wap
not long befoiis there was a famine in che
niest al an apparent gut. From that
ine forth for months and months, tho
,raet army that had rallied GROUND
aim had the advantage OF ar unshaksn
morale. Yet 1t must BIO confessed that
he followers OF that great, captain wprs'