The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-14
IN THE COTTON MARKETS
Statistical Information from the Exchanges
Of United States and Europe.
HEAVY LIQUIDATION CAUSED A DECLINE
Pronts ON the Recent Bulscs Taken
Ip--J.iverpooi Was Disappointing
at the outset.
once cr Tho Post.
Houston. Tuesday noccmber %.

\ tho timc being took AL tue stAFch Out VI W.
market. Tho decll3e was scme;hlng Oh =
slump, prices receding more than on any one
previous day In long time. While the mar
4 kct has often forged ahead in bounds 1t mas
always when on the down grade shown re-
sistance. yielding only to points at .
time as FIJI
There was heavy selling to realize profits
ana in Now Orleans January was eliminated
4 from the active months. In New York. how
ever, the near options are the strongest The
longs nre demanding tenders of the actual
Gotten and on the basis OF strict niddling this
is hard to obtain, so that there is still
1 sqnaoAe in January In that market.
Yesterdays close on this side should have
been responded to by an advance of l-eid in
Liverpool. Instead, however. that market did
| the opposite aud is really about Ibid lower
Futures in New York opened to points
down and oil selling to realize deeiineu i .
ts osing to s aisd ' , r sa ot New
| York and wound up u. u net loss Oh W
! points. ,,
sales in Liverpool of only 1e,oo1 bales;
Fort receipts were 7l.6c5 against Use las.
J year and 5s.0so in 1854.
/ Houston expects tomorrow 1880 to l5.ogJ
against 1911 last year and 500 in 1884.
/ New Orleans expects 1890 70 1&oo9 against
15,97S last year and 1885 in 1884.
| 3. w. Hunter & Co. say of today's cotton
market: Becoming tired OF such severe pun
ishment and seeing no hope OF escaping with
out Still heavier losses. the shorts in cotton
took their medicine and at the close OF the
/, market yesterday 1t was Generally known that
the short interest In the market. except that
against actual cotton. had taken their losses.
and covered. This left the market la poor
shape this morning to stand the selling oil
holders who We're satisfied with the profits
III sight and who were disappointed at the
small spot business in Liverpool and the SLOW
ness OF that market to respond TO the very
bullish advances OF, this side. There was q
flood of scattered selling during the first half
hour of the session, which carried prices down
i q to POINTS and the big bulls in the market
seemed glad to see the long interest liauidat-
Ing and Gid rothing to sustain prices. The
decline even restored some OF tho courage to
the badly punished bears ard Il little short
cotton was put out in tine late trading. but
there was a great deal more talk by this ele-
nent than selling. II there should be mora
weak holders offering their cotton the market
may decline few points further and II II
! does the bears will doubtless gain courage and
sell some more cotton which they will aga'a
have TO buy IN at loss. The bull movement
IS not over With; it is just beginning to se-
natural ard was advised by the most builtsh
houses in the trade who did not fail In the
same messages to say that they. felt friendly
to the mar et in the long run and expected III
tInately mrch higher prices. There are no
evidences that the parties holding the January
S HrN iluioesi,is, 1"S ' n nsdru. ne
more apparent 1t Is that it is their purpose
to demand the cotton for all that they may
do,s ~ .t,. % ~ S,h , nne 70 1M
superabundance. can not be cent TO New York
aud delivered ON contracts except at loss
onr,n a. pouu t ms a.suat.Uh ahe .ne
ihs OUTLOOK Tor materially reduced acreage
cent po,.I, or more IN III, ma n ,n adds
still further to the strength OF the situation.
~.
vi ses ino eNpe1seu ~
acuoh IN cotton tooh place TO-DAY. IL was
stances. the principal one being the desire of
o,.s,. s,,,,,,.,,, $500 - $3.50,
wv ouiueneu fohss 10 ro''i~e' ANetpooi al
: p. H. was unchanged from yesterday, which
hardly mel our strength of Yesterday and
,h,,, t,o,, CO.., ~, oasiross a,sn,,,, ~ ~.
WI nr;cos 60 ,h., soIined ? 81 ~ 10y; .sem
s.a3 s y, ~, IN 70 md 80, vi asoshsu anu ~
a .u ~ pas w al, o, s market, wnien
,ones ied he eiirs, u, n, rio,s ~, S,,
pi aeu III S.i,ts II uui ma hets, put .NeM
orleans, VINO Is especialiy oearish at this
pnr WIS ,sc ssl,er IN New nofk.
LOT. lseeipls were heayier tnan they have
.,ousIon anu NV Uri S snoweu IVY paies
rhin ,as es ,i,, , 0ra Mirv5 as ioitows.
nnihN ~ se.,s nt..e iower would nuy LOT a
s suin Ion .n,uh reaus igr TAT decline unt,i
spo,s sNg way, OF wou t ID, sen on Iair ad-
,.i4ek. ,,V'h.n MaS out Win auu.icr report,
~ WhiVh nc says lhat eompatauveiy little
nirhihnS M M zen zone since the first OF th"
.non.m. N"; IN; :, tna "0t.t Tor years: Ieli-
p p,. ~ Hsm y lntorIyrts Win salherinN;
OUTSIDE OF ~; ~. CROP remalnlnS n the t.eid
Is - Der reni. ~ may NC sn9t iulUher liquids
ion WI WI WITTY ,s DIE, pidssss SOM lower, put tnr
nc.s'S nuNo isei! ts.usnl lesson, anu they wiii
~. ISL :, 70 Sisi,i,ns luurn uSslsssNenes3. we
"tisF lne iohs. "'Nc on nny icrther WeaklSsa
-.-
~" e"'s"" M"Tkets'
New York. December Rehabilitation OF
,,,, , ,.,, ,t.,
49,, ass'.,..',1 - .,s,.'',,s
i.sh 1,,iure list showing !, barely steady clos
lrt ut lower prices and tho spot market abroad
nnoMea supsiding Insef1st on ,he par, OF the
rrt Gel n,arIet for futurss e5e,,ei hiehmr an,
closed lower was regarded as evidence OF In
herent weakness In connection with tho With
drawal Of spot buyers. AZ the sarno time re-
u,ipls IN this ecuntiy oyerrdn the expectations
OF conservative estimates ani adyices from,
Southern spot markets Indicated hesitation on
the part OF buyers under predictions OF re-
newed full movement ps Gotten at tilxs poris
AND the Interior.
rhe market opened steady at n declins of Ia
2 oiuts ard further declined 6@7 points after
which .hero was a partial recovery not,yith-
standing considerable hainmering hv l,aal