The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-15
Liverpool Was Better Than Expected and
Some Buying Was Done.
MOVEMENT CONTINUES TO BE VERY LIGHT
Bulls Think Their Position stronger
Than Ever Bcforc-some views of
an Old Operator.
Futures to 4 points MP.
Liverpool 1-2-Btd up.
spots quiet and unchanged.
once CT The Post.
Houston. rbursdny, December Il.


as result OF an advance instead OF the eH-
pected decline in Liverpool and of large buy
ing by Price and others. In general way,
however the situation remains unchanged
and ii is apparent that nothing particularly
new is TO be expected until some fresh feature
il introduced.
The Liverpool figures while they showed
onlv n slieht gain were quite disappointing
TO tho bears. who looked for response TO
the weakness exhibited in the homo markets
on Yesterday. The opening this side was
hardly as high as was expected in view OF
the situation at Liverpool, but under the buy
ing lust mentioned prices went higher and
tire close was NJ an advance OF two points
IN New York and TO points in New or.
leans
Spots on both sides ruled quiet and un
changed Sales were very light although
the business reported from Liverpool was
larger than that NJ Yesterday
This movements ie sim lirbt and Indications
arc that il viii rNnsin 70. Port receipts
ve-o only ,S5o7 against io63s last year and
$3.50 three YEARS ago Receipts at Houston
vcrs 1000 lsss than lns, year and for omor
row the estinqte is but $500 70 1900 against
1924 in 1898 ard II Az IN 1895 The estimate
for New Orleans is 1000 TO 5000 rs compared
with lola last year and iiIg7 thee years
aeo Reports continue to come IN from the
interior 20 the effect that wagon receipts are
very light that all Indications discount even
the most conservative estimates Of the crop
and that no disposition to force sales is mani
tested in any quarter. Tho bulls think that
their position s stronger now than 1t has
ever been before and that With little time
and patience the Southern farmer will be
able 10 win mis- fight against the European
spinner who has succeeded IN holding out
80 long with only Mr.. Neill's estimate TO sus-
tain mis- hopes II takes actual cotton 10
feed the spindles the bulls argue, and sooner
or later the consumer must inevitably sec
not only the strength OF the position OF the
producer but the business thereof as well.
The range Of fluctuations was quite TO-
strioted and there was but little doing any
where during the day January in New York
opened al 1925 and closed AT s.3i-35 after
selling high At ,8s aud low Al 73l, while
March opened ~ 7ii2, sold high at 49,
low ar AZ and closed at i5-is March IN
New Orleans opened at 7.is-l1 and closed at
: 2o-21 the high and low selling being done
a. 722 and 7l6 respectively.
The New York Commercial OF December II
Gays Those pessimists who believe that
the price of cotton lis likely to slump ma
try are being maintained would do well Ia
read the Commercial of Friday morning
Business in the cotton mills OF New Jng-
land is booming Tho demand for lint I'm,
never before been 40 great since the close
OF the civil war, and there is apparently Nc
likelihood Of a reaction for months to come
his fact aker In connection with tho &C
tiYlty Of Southern mills and the foreign Dc
uand. IS not II seems to us, indicative or q
return 10 the conditions OF Que year ago.
cotton operator who is always well pcsted
on the condition Of the staple and whose long
experience lends additional weight TO his
opinions. gave a representative OF the COM
merca department Of The Post the following
Interesting interview Yesterday
Il am believer In cotton and feel that
sooner or later higher prices are probable,
though It may be weeks or months before my
homes are realized n has been n grand fight
between the producer and the consumer with
the former stu master Of the situation The
South has marketed It's crop gradually and
with iew exceptions. Sontherners have been
large sellers on the periods of strength, there
by realizing top priccE Hrrd will continue to
do so with what they stil, hold Undoubtedly
many spnners, especially the Americans, cut
loose from Neill early in the season and,
with the spirit OF bullishuoss bought freely.
laying Ia supplies for months but there are
others who have followed the delusive theory
that good prospects IN June means a big crop
In the tall aud working from hund ia
mouth buVtnE sparingly. The future will
tell whether they have nursled nrohtabl,
course As nav, eaid / am n hull and he
ueve in higher prices. but / can NOT n rec
with MANY OF my fellows who are pointing
TO tho comparative movement with formeI
years as a basis for their theory When Wa
iook at 1899 and see we have up to last FRI
day received 10000 less than that year. when
tie total crop was s. 75T 900, one at first glance
viii feel that this crop can NOT be larger and
probably much smaller hut we must FAKE
into gonsderatiou Tho conditions in 1886
\ First our nlanfinp season wns mad due 10
A.roptinued rains In Apru md Nav Cotton
A.os weedv A few weeks of uico weather
the plant thriving, however, and TO look
ayeraae feld an, would consider nros
kgood The market was advancing and
seeing n hir rron abend sold henv
Ms FOR fall Shipment 4 FEW week
~ AIN August and September Shaved
thar No had little yitaitv and notbine
hui MI Knots due 10 excessive n,oIstura
in tho a. as
This ''a1 alarm aud hrourht snec,,l,.
lion into Ana sf5rket short In snots t,isd
Ia cover and H. ~ scared Tho adyanre cul
n,lnating on senfX{a SHr 10 win Innnary ron
tracts In New YufE siiotea M 4 X me Id
yaice previous I, scn2Snnber 10 and tho subse
ouent DECLINE. lasti,,sr until December a.
when New Yorl, Jan,laryx Mere quoted Al
66s. encouraged yary liberal marketing
latter encouraged them TO sell as last aa as The
rnt,ou wLs nirlod ard ,,,nrad rb,s -