The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-29
Heavy Realizing BY Longs Prevented Q
Larger Gain.
LIVERPOOL FUTURES WERE ,.sld HIGHER
Price Figured Largely in the Mar
ISet--Spots steady and Mostly I'm
changed-Crop Guesses.
Futures unchanged to 2 points MP.
Spots steady and unchanged.
Liverpool 2h-64d to 3-84d higher
nfha al Thn Poat.


Unusually favorable cables from Liverpool
this morning caused the home markets to
open at an advance, The close on the other
side was 211-e4ths 10 s-s4ths higher than yes
tsrdsy and as result futures over here were
expected to score an advance even more de-
cided than that OF yesterday. The bull POSI-
ton was apparently a strong one. but 1t de-
veloped that the opening figures at New
York and New Orleans lacked but point OF
being the highest for the day. Price began
selling early and this action. in conjunction
with heavy realizing on the part Of longs,
prevented the expected increase and instead
OF an advance OF 10 points or thereabouts,
which would have been quite natural In view
Of the situation in Liverpool. New York closed
only TO points up. while New Orleans
ranged from unchanged TO point higher The
market was very steady but was quite dull,
the range OF fluctuations being very narrow.
The spot situation retains its strength al
though the foreign demand is not as large as
the offerings. Reports indicate that free SELL
ing in the interior continues and that in the
larger markets spot business is very good.
Liverpool spots were revised today. 1924 be-
ing added to all grades below middllng fair.
snd at those prices the sale OF 10000 bales
was reported. Home spots were steady and
unchanged except as 10 Galveston. which got
up to Houston's level by adding l-l6c,
Tho movement still points to a crop CON
siderably below the general estimate and II
there Is any merit at all in statistics 1t would
appear that the European consumers will
soon be In bad box unless they change their
tactics. ard that the farmer will in the end
be enabled TO demonstrate the truth of the
cid cav: He laughs hest who laughs last
Todays port receipts were a ,o52 against
$3.50 last week. $3.50 last year and 103, OI2
IN 1897. Memphis and Augusta received 3457
bales less than last year ard Houston's 70
oeipts were 2i,7s2. against 21e27 last year and
24,io7 in 1897 The estimate for tomorrow is
from 10000 TO 1000. compared with i6.02s in
1895 aud 1851 the previous year. New or.
leans expects l4,0oo to $1,000 against 31,I4s
last year and 1893 the year before.
AS has already been stated, the range Of
prices on futures was marrow January in
New York opened a, 1859 and closed ut
1856 after selling nigh at 7.60 and low Mt
"a. The opening on March was 7.G1-62 and
the close $3.50. the high aud low selling be-
ing done at 7s8 and 1855 respectively.
March in New Orleans opened at 1861, sold
high at TBS. low at 7.sc and closed at 1886
New Orleans wired during the day: Liver
pool buying covering. longs selling. other
wiso Price market
Several well informed newsnaners ana q,
5irfdrsIr ,nsf.. ia, ...or,ia
'A'st %ua' NV attention 10 oelns
this fact. It is noticeable that everyone inter-
ested is eager TO get the figures Of the varions
exchanges as they appear. The Post an
uouncsd last week that the average of fine
guesses Of all tho members O., The New York
cotton exchange was o.et20oo and in This
connection some further into,rotio, iii ~,
=, ,..-a., M -. , ~ W
"a '"'"rN'' ne lowest estimate 81 SAfIop|
was made by F. Hotze. and the highest. II co.
600 by r. A. F'arbirj rst,,pgtas br o,ror
:, ~ -, ~ ''
HpHioeiN ~ tue oNfhahse VINO are known here
follow: J. c. Latham, $4,000; T. III. Price.
g.750,0O1; J.. o. Pioss. $500 O5O. J. l. Cbcc
9 o5o oon. p 1t,ito., q ooo 400. w..
$1,000 ia,'''r ',O9'."Y, ~ NlpieO'' w.
oooooo' H. !. Num- 9&36oQo II. F. Mum,
. 32i 900: O. W Ide. 100000; s. q. Munn
0 l4q noo. r. Z, rto,t,t,. o,-ooo..
,' 'NP''"o' ''iF"VVV' d' = VIA (
ham. 9bsi,cW; j. dc Gumeons o735,O00 A. /
y. RAIL- 9,7500D0: r. H. Homer q s0o noD
:, 7, ,-,.. n ,-o ,.o. -. 80
- .Ses, opo'''' . ,'"''VV' " - iupoarn'
lpoT'ooo; william Mohr, 1000o,Goo s. 7. Huh |
hard. Ir.. 10,o66.OOO; S. II. Lehman u. 1s2 o0n;
:, c.hr,-, :, "a, ~.
- SNuuidiAs II. W. zimmerman ana i. II. NC /