The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-24
! b GU | IN ! | ! MARKETS
with the Holidays ahead the Market
s,.,a In well-Into sight Heavier
Than WINS Expected.
once Of The Post.
Houston. Friday. December -

tt Houston. Ffluay, DtNeins'' -
With the exchanges closing until TUESDAY
and with two days taken out OF next week
for holidays. there was naturally not very
active market. There was not that sehera'
ante holiday desire TO unload, and. prices we're
remarkably steady under the circumstances.
Except In cotton there Is boom ~ tne
speculative commodities and sooner OF iater
either cotton will be boosted or there VIII DC
a cc.lapsc in the other lines
Liverpool reported spots hardening and New
York advanced prices Lie.
In futures Liverpool was practically I'M
changed. though some options were Iva
lower. New York closed lower and for
the week is down to ii points New Or
leans closed 2 to OF aud compared with last
Friday is S to 9 points lower.
The into sight was much heavier than cx-
pccted and had little effect.
i Port receipts during the week: were 36o.55s.
against 3bS, SsIj last year and 35i.1iS In 1891.
Houston expects 1900 to ii.oo0. against
S067 last year aud l3si5i in 1894.
New Orleans expects 1900 to 1900 against
10 $40 last year and ai,7l5 in 1884.
&. w. Hunter 4 Co. say of today's cotton
market Liverpool came higher for contracts
and reported spots hardening, but traders on
this side were disposed to even up accounts
over the holidays. and the balance proved 70
be on the long side. selling orders FREEDOM
mated In both the American markets and n
Liverpool, the latter market declining l-ti
and prices ON this side easily dropplnE 70
points. AS soon as this selling pressure was
removed, piiCeg again sieaGIel up but caSeu
off again When the amount cotning into sigi'
was seen to be 50 heavy, about 5000 pA.ei
moio than TOT tho same week last year. fnt
market, however, received gooa support or
I'm IuS mr. n "a III
aud tile buying was better on ths dscline thar
tdp selling. Tho movement In Texas con'
tinues heavy, and while there are some wht
predict that most any day perpendicular
drop in receipts will be seen and that th1
Texas crop, having been marketed win
rush never before known, receipts for th'
remainder OF the season will be surprisingf
and sensationally small and that the erul
after all win not exceed 100000 bales Tn
majority seem to think $3.50, o0o bales sure an,
possibly 100000 and at the moment II appear
that they VIII be nearly right. The area
difference In opinion exists on what VIII b
tie final result of the crop in the Easter
States Reliable reports say that fully hal
OF the cotton in the valley Is stu IN tno field
and that unless pretty weather speedily sue
ceeds the heavy rains and SHOWS which hav
been abundant that little OF this cotton vii
be saved. and II IS possible that the Gro
outside OF Texas VIII turn out % per zen
short OF last year. This viii depend largsl
upon the weather for the next six week,
Specuatiyely the world is booming aud ther
Stems no end to the bullish enthusiasm |
Chicago markets IL will be perfectly naturi
for cotton very soon to come In for It's sh.I
10 the bull speculation.
A merry Christmas and happy New Yes
TO all our friends and readers OF this lette
and whether prices 20 up or down. may the
always be OH the right side.
Cargll G. Richardson say:
III Wishing our friends merry Chrstm
AID happy prosperous New Year, wo VIII
to add that 1893 will brlns of irosperi
To the South which the North is now epjoyin
Capital which has been hidden for years
seokiDS Investment. Railroads all over t
connny are showing enormous eaintn,
Storlts and bonds which nave had no val
wlIpttyer are being put on dividend bas
Europe looks up to us as tho greatest Natl
on sirth- They are buying our wheat, corn,cf
Ito and cotton at advancing prices. The b.
ancc OF trade in our favor IS lasge- imam a
previous period. The Bank oil England Is CT
INK stop 10 Withdrawals OF gold, which
ccpiing to America for Investment. The Sou
WAS slow to fee. the depression which exist
In the North from iSsS 70 1888, and we VIII
slow to feel the benefits OF the wave OF pr.
p,tity which Is now upon us, but 1t Will con
The great State of Texas, with yearly
come OF 100000 900 from one staple CONNIE
ilY viii Had the procession.
Today's cotton market was strictly of q he
day character. Liverpool sent rather fav
able early market. prices there az p.
being It'd up. but declneL later when II
saw the tearish temper nj New York. {
market transactions We're larEsiy to ny.n o
stnndius contracts; New Orleans solo
Soik q,flte iberilly, and HaHaaorn was
leaylcst local seller in New York. Recei
aud eliminates were bo,h some heavier Il
last year. with demand fos spots fair at r
Ing quotations.
Dry Goods.
New York, December 2s.--In the dry go
market today tho demand for the general
of cotton goods has been quiet. but
strength OF the market is ne fully pronoun
as before In both staple aud fancy lin
Stocks In first hands are small and in IN
directions tho market is heavily overst
Print cloths sold largely Yesterday, with nj
ufacturers reserved sellers On the basis Of
for regulars. There has been a fair rs-or
reported for mems wear, WOODEN and wors
fabrics aud for dress goods. with the dems
readily met at previous prices.