The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-14
Ruled Easy and Closed Lower IS Result Of
Furry 10 Stocks.
LIVERPOOL HIGHER AND MOVEMENT BUlllsH
These Features Could Not Keep
prices Up, weekly
statement--An English View.
Futures TO points down.
Spots quiet: Houston lie down.
Liverpool 1-2 to 2-64d up.
otace Of Tho Post,
Houston. wednesday. peeember u.


Houston. Wednesday, December Il.
Even in spite OF the adverse conditions the
bulls looked for some improvement In cotton
today but the unusual decline in stocks and
tho aigh rates for money which result from
tho stringency reported at some foreign
uoints, proved to be stronger than tho bull
features which were In evidedce during the
day, All markets were quiet and but COM
paratveiy business was done at any OF them
Part OF the weakness which was noticeable
IN New York and New Orleans futures during
the carly part OF the day was covered by a
display OF some strength later. but the mar
Ike, was too tired too keen up and the close
was at decline under yesterday OF to G
points in New York and . to points in New
orleans.
The situation so far as spots are concerned
IS practically unchanged. The demand is not
better TO any spprooiahls extent and the
sales reported at all points today we're very
small. The range was from easy 10 quiet
at unchanged prices everywhere except at
Houston, which declined LIS Spot business
IN Liverpool vas aue,, also the sales report.
ed being 10000 bales Contracts in this mar
ket closed ~ TO 2-s4d NO
The movement was some~hat smaller than
tho figures have indicated for some time pest.
and the only thing which had even bear
ish tnge about IT vas the estimate Of re-
ceipts at Houston tomorrow, which was 5000
larger thnn for 1895 and nearly up TO the
figures for last year port receipts were IS 907
against is,2is last week, "a 81 last year and
&c 27O IN 1895 Receipts at Houston were
$500 against p s3s last year, while for to-
morrow the estimate is from 1850 10 l25
against 14,747 last year and 7642 in 1896. Tho
estimate for New Orleans is hut $500 to $500
as compared with l493i last year and l0i73
three years ago. The seni-wcekly statement
Of tho movement at the thirteen towns was
% o0O less than last year. but 1000 moro than
IN 1895. Stocks at these towns Increased
II no during the week
The opinion Of those who study the market
and the various things which influence II are
Of tho opinion Just now that the introduction
Of new features viii be necessary to bring
about any decided change in tha situation
Buying orders limited below the market have
been quite numerous recently and the fact
that there many in the market ready TO
tell on rise OF q few points over the present
prices has prevented any material advance
and kept fluctuations within a very narrow
range. The bulls are very cheerful under
the circumstances and assert that they are
confident OF the strength of their position
These temporary declines they aay, TO
be expected with tho situation as 1t Is at
present and sooner or later according 10 thor
views. the European consumer is bound 10
;ealize the dilemma into which he has drift
I'd and that. by buying the cotton that Is
needed in his mills. will send prices on their
upward course. The bears continue TO claim
that tho crop will be large. that the present
movement for reasons which hnYc been ex-
uiained many times. is interesting but not at
all significant Hnd that In short tho present
market is higher than II will be IN the future.
January cotton in the New York market
opened at 1882 and closed ct 732 81 after
selling high at 7Ss and low at 7.32. The
opening on March was at 1861 and the close
at 143-4i the high and low selling being done
at ~ and 7.43.
March in New Orleans opened at 7le-2O, |
cold high Il; rs low at lis and CLOSED at
7l7-1s.
Tho local exchange has been advised that
the New York exchange will be closed on
December %; q. % and 30 and January /. |
The New Orleans exchange will observe the
holiday season on December %. 95 and 30
and on January !,