The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-17
IN The COTTON MARKETS
Statistical Information from the Exchanges
Of United States and Europe.
The Market simply a scnlpins ven
turc with M Animntton-7!N'i
lures Close at n Decline.
othcc Of 1lhe Post.
Houston. Wednesday, November =,

b. gs1t Office OF The Post,
Houston, Wednesday, November 10.
n "a simplv scalpers market for the
present. Neither bull nor bear wishes to as
sumo the aggressive 10 any extent and prices
DRIFT along atnrlessy Each little upward
squirt has been succeeded by decline ana p'o'-
u.s. have been wiped out On every advance
there has been liquidation and ON tho oo-
cijncs there has been some scattered buyins'
So far There is no organized effort on either
side to manipulate prices for a quick turn.
Liverpool today showed decline OF 1-6i III
futures which followed on this side, New
York closing . to points down on all motsns
except October, which was only 4 point OIL.
New Orleans was : TO points lower at tre
close
All tho spot markets continue unchanged.
A bulletin was posted saying New York would
late in tho day revise quotations. The opin-
ion Is that low grades will be marked down
and higher ones advanced iii order to invite
tho shipment of only tho better grades
Houston's receipts since September have
averaged 17,547 daily, something phenomenal.
Houston expects tomorrow 1880 to 1850
against 1904 last year and 12,5I1 in 1894
New Orleans expects 1900 to H,00o against
20o,0SS last year and 1S,s0S in 1894.
Hunter q Co.'s Cotton Letter.
B. w. Hunter & Co. say OF today's cotton
market: Liverpool today declined 1-6id on
contracts, closing barely steady and did n
fair business in spots, sales 1000 balos Our
markets sold down to points and ruled
very dull throughout the entire session. In
the carly trading Rocky Mohr and. lde were
noticeable sellers and Liverpool and the con-
tinent also sent selling orders.
Local professionals were inclined 10 cover
and bought on weak spots, rallying prices .
to points. There was some uneaslness over
the revision OF spots which VIII take place
this afternoon, traders feeling sure that the
lower grades VIII be considerably reduced,
which Will be a bullish argument Estimates
we're light and ports looked like they would
fall short which contributed to the steadi-
ness of the market, but Brunswick cleared
1891 bales. swelling the port receipts for the
day 4iS9 against 7S,456 last week, 6O,S26 last
year and 5,07S In 1894 The market sold off
point wien the receipts We're posted and
the close was points lower than yesterday
1t is quite noticeable that the market de-
clines very slowly and that it takes 1t three
or four days to lose what 1t gains In one day.
This is a strong bull argument. and while as
we have SO often pointed out during the last
few weeks there is nothing in sight Just now
to materially change prices either one way or
the other and while the market may be a
scalping one Within the recent range of 10 to
10 points for some time to come, still we
favor the bull side and would be very cautious
about getting short at any tins.
Not Encouraging to Bulls.
Cargll Richardson say: Liverpool was
not very encouraging to the bulls this morn
ing, opening at about last nights prices, but
declining 1-64d before the close. Our mar
kets were inclined toward weakness early.
but on the decline the same good buying was
INDUCED in. and New Orleans 8 to- 4 down.
Spots unchanged. For the present the mar
ket seems TO have struck a level. Operators
are satisfied with few points profit. and
each decline brings fresh buying which Is
readily turned loose on the bulges. Clearing
weather Is prevalent and Is expected to give
us n freer movement The interior is offer.
ing their cotton quite free, while the demand
from abroad does not materialize to any great
extent The bears are pinning their faith In
an increased movement as soon as the effect
of tho late bad spell has passed off. but at
the same time much can be said In favor of
cotton at these prices. and 1t is n noticeable
Tact that shorts cover quickly on each little
decline.
New York Cotton Market
New York, November To- Speculation in cot
ton futures was again slow today and fluc-
tuations unusually narrow with a general ten
dency downward. For time around the
opening trading was moderately active, but
with the execution of early orders and even
ing mp of accounts by some OF tho less cor
fdent room operators business dwndled down
to a scattered scalping trade. Under bearsh
reports from tho Liverpool future market, in
dication5 that the crop movement for the day
would be "A heavy one and quite n squirt of
selling, chiefly foreign, prices went off ] TO
. sri, Trf,tt r.f,tl :
to points further. Tho decline was then ar
rested by tho appearance OF limited buying or
deis and for the rest of the day the scope
of fluctuations was only n matter of points
Notwithstanding the SUCCESSES Of yesterday
and lower level reached today even the more
stalwart bears hesitated to pound the market.
tho restraining Influence beng report and
rumors that very large business was doing
m spot cotton throughout the session Mt bet
ter prices. Bright prospects in the foreign
cloth trade and encouraging news from New
England markets added TO the reluctance OF
local shorts as regards increasing their oh.
lig.ations at presen; prices
Al, After En- slight furry later In tho day the
unchanged to points net lower.
Dry Goods.
New York, November To- the general
dry goods market there are no changes of inn
pcrtance noted. Tho print cloths continued
duh without quotable change in prices of or
deIs ar regulars.
''bio tioNtu buL llItff Gnslngp. Men n
heavy weights were in fair demand but In the
main tho call for WOODEN goods was not up TO
COTTON.
Houston Daily Statement.
Today. Yesterday. Last year
Sross reocip.'...... 1855 1887 1889
Gross shipments, 9n.1s6 .O,s-9 lI6li
etocs.. 1851 is5,49S UJ,O3s
Houston Comparative Statement.
Gross receipts TINS far this wecs slsh7
Gross roceipts ~ days this year 3Si, I IA,
Gross rsestpts ~ days In l697-9s 80. $40, i3s
cross raceints ~ days In lSao-a7 . SII,vl7
Houston Aailrond Recsipt.
Honston's gross rcce pts OF cotton by tio yarlons
iaitonds onterins Inc city wore as follows
Houston ann foxas Centra,........,. . oau-
International and Great Northern. 4 7a1
haiveston, Harrisburg aud San Antouio mi
Iexasan New Orleans Observation-Disclosures -
Houston East and Wost Texas. ~ hes
SniI. Colorado ana santa We. - . jSn
BAN ANTON 70 aud Arunsas Pass ......... liX
", v, ssouri, hausas ana Texas .......... 33sa
..s-Vu',. -. ...-'...... ..-,...... .........
tickets ana iinters- .....,,...,................ M
Total