The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-02
of American cotton and a better general

or American cotton ana osttcr general
consumption.
Notwithstanding unfavorable trade con-
ditlons abrNud and the yellow fever
throughout the South OF Two months durd-
ton, together with the eNtraNagant crop
estimates that We're bndu,ged in at the
beginning OF the season. the result of the
seasons business 50 far, must be com
etrued as remarkable. but we sincerely
hope that our country friends VIII this
spring reduce their acreage materially,
for to cultivate % 900 900 acres this sum-
mer, as they did last year. viii surely
send their cotton begging Mt AZ, and there
not diversity their crops md raise the
most OF that which is situable to the
soil and fetching the best price.
Il, W. Hunter 4 Co. of Houston say:
The past week in cotton hts again been
profitable only TO tho scaipers. and those
who have bought or sold and held on TO
their contracts for more than to 10 points
proht have been disappointed, while those
who bought when the market was strong
and advancing and sold when 1t looked the
weakest. have been badly whipsawed.
The traders who hnwc consistently bought
March In New Orleans around $40 and
sold around $50. coming up long and go
ing down short, and traded on the same
lines in New York at $50 for March have
tttsil NAtSiNllN lildhlllE NANCY lpl tlN plSl
two months, and win likely continue SO
TO do for SIX weeSSs longer.
When the market gets IN a rut as has
been the case this season for so many
weeks, II is u mistake to say there is
nothing in it, But on the breaks sell on
the bulges, and with the 10 points ip and
down which are getting more frequent
now, and coming every day or TWO iihere
movement and risk reduced to a mini
mum. There Is nothing IN the market ex-
cept money 10 the scalper who can shut
his eyes 10 all he sees except the declines
TO buy on, and the advances to sell on
and who Will not, and does not care to
listen TO or read windy arguments on
either side One side Is as goei az the
other. We would not be surprised TO see
the market wtthsn a point OF where il Is
now, three months hence. and in all that
time not having covered an extreme range
any time 10 change the present run. but
81 Is nrt yet tfs sight On any further
break. Tuesday, buy cotton for turn.
London Wool Market.
issitiun. January 1.-The arrivals OF wooi
during the week for the first series OF
sales 9, tbs year are as follows: New
tnrnia u, 216. South Australia 1854. Nest
Australia SEQ. Tasmania IS, New Zealand
ip.se', Cape OF Coed Hope and Natal &, 2yl.
making y total OF l0I,Soo bates incluiing
Neck s srsre assSs ,s az, Imports FOR me
New South Wales i2lo, Melbourne lsiS'
Queensland 1851. South Australia III, Mess
Aestfalla lSi, New ZEALAND aga. Cape OF
Good Hope aud Nata. 2l2s Russia iiSi.
isNssorah aos, elsewhere esss There Viii
be q sale OF sheepsk'ns on January 5.
~. Louis. January 1.--Cattie-- Receirts
w. steady for natives. Texans steady ana
st,eng TAR 20 fancy shipping steers 4 isa
s ~, dressed i-rsf and butcher steers S..osi
" ~. slcers nnder 1880 nonuds 4as,s. 50.
stcrkers and feeders 2.a0sti y; cows and
r. tiers :, 2sst ~; Texas aud Indian steers
-Keccapts 1880; lOc higher. mixed 49,