The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-22
Longs Sold Freely and Money and Stocks
We're Bed.
SPOTS REMAIN QUIET AND UNCHANGED.
But Little Business IL Reported-The
Conservative Traders Counsel
Caution.
Futures to o points down.
spots quiet ana unchanged.
IfyerpopI 2 1-2 TO 3-84d on.
Office of The Post,
okuSs "a ANS N'f
Houston. Thursday. December Il.


The fact that the statistical strength OF
cotton Is not in itself sufficient TO sustain
ths price OF futures. and that the market
Is quite susceptible to outside influences.
especialiy since the break OF last Monday.
was very clearly demonstrated today.
To begin with, early Liverpool cables were
Disappointing and the home markets opened
az a decline as result Later, when Liver
pool closed ~. to 3-s>d lower, instead OF aeou'
i.-sid down as was expected further weak
ress vss In evidence and the downward trend
was assisted oy large selling by Price and
other longs, somewhat oongested condition
Of the money markets and material weak
ness OF stocks. The only strength manifested
by cotton was Immediately after Ia. opening
and ahou, the noon hour. when prices went
back to about the opening figures on free
buying ny fde. The close was at nearly the
lowest OF the day, New York being to .
nonts lower and New Orleans TO points
down.
The spot markets continue to show grail
fling amount Of strength all OF the larger
POINTS closing quiet and unchanged. There
IL but very little business being done and 80
is probable that no material changes Will
anpesr In this feature OF the situation u1til
after the holidays.
The movement is gradually growing smaller
but iust at present with 50 many outside in
sueuces a; work, not as much attention is be
inE raid 70 II as has been usual during the
rtst few weeks Houston receipts Noro only
ous-hhif what they mere yesterday and hut
ore-third 81 what thsv we,e last year. For
tomorrow the estimate ia 200 20 $500 against
&c ssi last yesr and sssf three years AEp Now
oie'ns eNIe''s !. reeve '.'" N, %
'Sa'ns' Les UT 1873 AH' i'-''e UT ''' t'i'
ierti7" "erS way iiEni' a. comphret Win
previous vearF. aud the estimate for tnror
-,qy.s ,r,, e,ght Re h,, 9oo ooo .btrb "a ,ayy
heni indeed IN comparison WIN tho sio-
,ist.s for rss' seasons
--,r,o-r,,,. ,..ii h.. ,ha t,s+ orooY.u.t,. f.-
hiht net"een the nni'S ana pears loF ssNf'Ai
dsys. as all Of the exchanges viii he close
s,,ar the rio.a ,onolrou afternoon unit
-, c.,. -.
uefa'F fa9fh'uR '''SsfF Hu'e "enip',"
nervous condition and their adv.t. 70 trader,
Is 10 he CAREFUL and cautious They point out.
az has ssen DEMONSTRATED heretofore that al
though me statistical position iE doubtless
very strong one. +. ran not .uccesstu,v 10
- - ...,, 49,. - .,,,.t. A.,
siS' w d''a'Ns '''"'' AZ '''i's Wy ou'S''e ="
hueness
January cotton in New York opened at
ne 90 a., o,o..s :, ,ns. NJ 49, ,,u,rr
p'Fn ~ ~ ana 10" az 40. Marcn opehed
ct q, sold high at 7.25, low at us and
orleans opensd al 7oi'o2 and oiased a, { 9s, AZ
and hi.b and loo, seIiinr botnS dona a., ? m
nn5 & IL re-nectirc1v ''''A '''' az ''V'
q" 49," "o"'es orc u,N'"H '"u-
,,,..,.. 9 ~. -, 'Sst o. .
sesides rho stSt'st,cai s,rsnsth ,Sicb IN ~,
fect the market Tho price is much above tho
IuWest bu, NAV 20 gradually higher If the
promise given by the movement is kops While
thu market improves there viii DO great
confidence ard some ovcrloading small hack
ttts viii cause tomp 'rary revnsions OF feel
IDg and everyone may sell NJ once again on
scares and subseatlrut recov,tl..iI
vii br,ng poor consolation. Tho Ices ire.
quent the breaks the heavier they win be
when hoy come We notire conhdcnt buila
a. present get nervous IN downurns.
4 well POSTED operator is quoted as sayiuz.
uAtoro 4,e,.to. 4, -, :. ,I-,tl' ~. ~.
MN Even !" s'a''su'S ms
season than usual for the reason that all
Well posted cotton men roncsde that ,yo ara
"E .tI.rbis ,t'ue OF er9at scarcity.
tion IN january when American rereints bcsin
10 fall on, and IN that month We usually have
:, go, ~ hovenlent % luda COTTON TO Europe.
season owing 10 cron failu,n in IrdI, '" M,
begins 70 look ms II cotton would renscond the
throne and again be crowned King.
The bulletin board at the local exchange
was draped in mourning during the day in
honor OF tho memory OF The late Ferdinand
Hacker, a member of the organization.
Cargill Richardson say OF cotton:
LIverpool cotton csh,As uar. onit. al,
a''e u''-
"''"'hl"ep' TINS morning. ana induced free
realizing IN our markets by longs. Around
the opening Ide was large BUYER with pr,ce
selling freely. The latter operstor continues
10 feed the market with long cotton ali dav
and with little outside summon, nrices aaosaS
closing 8 10 ponts Iowsr IN WV Yor Sssssu
Z In s points lower In Nav Orleans Ws,i
street was in fcverish condition ,hs money
murket showing some siens of distress avain
aud stocks weak. The movement continues
very small. but little attention, lie n,id 10 i,
Liverpool should be L, lower tomorrow Win
the close Friday afternoon. trading viii cease
until the opening next TUESDAY mornius and
Of accounts over the holidays. We rather
icok TO see quiet markets, with probably
he mas, FEW Say az oo"sasraoae Soston bought
80 VT sp"'pS wa" DO 'or Sa'e'
Price. Mce,ormick G r. .,y.
>,..-,,., ~ ivy.
u."',ns'anaihs tue TACT that there is a
the cotton sold Is EASILY ohsorhsd rhar. a.
no change whatever in tho situation The
xt,. - A. - -"