The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-20
Half Of Mondays Decline Was RECLAIMED
Yesterday.
LIVERPOOL MUCH BETTER THAN EXPECTED
spots Retain Their Strength and Are
steady and UnchRnEcd-New
Crop Months values.
Futures II TO IL points mp.
spots steady and unchanged.
Liverpool TO 1 1-2-04d lower.
ofhce of The Post,


eompiete vindication Of the claims mace
BY the bulls as to the strength of the staple.
The gains made were not equal 10 the losses
o, Yesterday. & is true. Even the most en-
thusiastio bull did not expect them to be.
sut they we're Of such = nature as to he
,r,rsneIy gratifying TO the friends of cotton.
who believe now even more frmly than before
tina. the bull position is very strong, indeed
ard that the higher prices looked for all dur
ing the season will be realized before many
weeks.
one particularly gratifying feature in con
use,ion with today markets was afforded ey
the advices from Liverpool That market,
which was expected to show decided fallins
oil -xls~ Of the slump or this side yestef-
day. IVES very good indeed. and although n
decline Of as much as oH-oid was in eyi-
denee at ore time. tho close was only i-6i1
lr,.sid lower than Yesterday This, OF
eourte aided materisly IN keeping On prices
or this side Liverpool spots in far demand
at prices which were revised by suhtractins
i-lsa from middlluF and below and 1924
from the other grades.
Backed BY the Liverpool cables the home
markets opened ut an advance. and. while
there was considerable Huctuaton during the
day as resui; OF Nall street rumors,
strength was gained gradually and this close
vas at the highest point. the net advance
over Yesterday being from Ii to 10 points
in New York ard = points in New orleans.
4 peculiar feature in connection with the
slump Of yesterday aud the advance OF today
is furnished by the figures for the distant
or new crop months. which were away be
hind the general decline Of yesterday and
equally tardy in following today's reaction.
Notwithstanding the condition OF other
months September octobe aud November
were each point ower than yesterday in
New York. while in New Orleans September
and October advanced only TO points
Spots maintained their strength as tho
po''e nav "'' "''e
do. even II future values declined Whi'e
there was but very little business reported
a, snv Of Tho ,aro.r markers all of them
''oSep S"apF' anu WIN wv '>''p'''' W
Galveston. unchanged Galveston which
made no spot Quotations yesterday, was re-
duced Lilac today, Reports from the interior
.,., 10 ne a., 80, ,n.ri,,s .r, M, at oli
"' w '"r ''N'N '"'' N'''a' ~ ~
large and no concessions are made
Holders are demanding quotations for their
goods ana for hat rooeon ,bcre IL mn, n
-
great deal OF tfadlnE IN eViaence, as buyers
hesitate to do business with the situation
,,s 81, r,,s,,, Tho stoteman, was made
- -" -" -
on the moor OF the local exchange To-Day thaI
The representative Of an English house In a
rrop,,ron, sorthvos, Tovar town had M,
nousht pale OF cotton IN Two mohthS' II
would appear that the believers in Mr. Nelll's
5sfimate arr nat nj, dead vet nfte, all
No. "' 80
me movement was rather smai tooay ana
the estimates for tomorrow are equally fav-
orable to the buI, side. Local receipts we're
three years ago, while tomorrow from $500
10 io,Ooo bales are expected as compared with
1920 in 1875 and $3.50 in 1896. The estimate
for New Orleans is from 1900 to 1900
IA nj nnc