The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-28
Home Markets Scored On Advance Of 1 10
10 Points Yesterday.
LIVERPOOL SHOWED 4 GRATIFYING GAIN
Conceded that Position OF staple Is
Now Very Strons-Ail Figures
Are Buliish.
Futures 4 to 10 points higher.
Spots arm and unchanged,
Liverpool 5-84d mp.

Houston, Wednesday December al
The general tendency of cotton was again
fully demonstrated today. material advance
in futures being in evidence in all the mar
fets.
Liverpool which has been closed ever since
last Friday, came III smiling this morning
and at one time showed an advance OF s-6ic
on very free Egyptian buying. The close was
5-64d. or is American points, higher than FRI
days figures while 3-32d was added to the
price OF spots at which scale 5000 bales were
cold
In sympathy with the favorable conditions
existing on the other side the homo markets
opened at an advance the figures in New
York being practically whit they we're before
the break OF that memorable "hue Monday
last week Around these values, however.
there was considerable profit taking and the
market. which Seemed TO be unusually sensi-
tive and susceptible to natural influences,
soon showed decline OF about points.
Later more huying was in evidence ard the
chalk marks went higher as rapidly az they
had gone lower under The other circumstances.
The close was at an advance over yesterday
ct 10 10 points in New York and to z
points in New Orleans.
A feature Of tho day Was tho narrowing NJ
the differences between January and March
in New York Al the opening the latter
month was II points higher thar the former
and at the close only 10 points higher Jsnu-
airy having advanced points while March
declined l, as compared with the opening
figures. This feature would seem to indicate
the truth Of the assertion made many times
last week to tho effect thar the January posi-
ton had been and being liquidated and
that all the hammoring that was 10 he done
would be over before notice day, which was
today. Eastern advices were 10 the effect
that quite large number Of January notices
were in evidence. but that they were prac-
t!cslly all stopped b. Greek house in New
York and Hebrew house in New Orleans,
The bulls are row pointing cut the fact
that they had good reasons for claiming ten
days ago that the slump which occurred then
WAS really good thing for cotton The
weak longs we're practically all shaken out,
their holdings passing into ;he hands of
their stronger brethren, aud the speculative
position, the bulls say, is now in better shape
'hsn ever before. The market is in condi
ton to show the effects OF bullish statistics
and is better able to resist outside inhu-
ences.
The spot markets maintain an even tenor
and as a rule are not affected by temporary
declines. Tho interior seems have the
same opinion that It has had for some time
pnst and the fact that practically no cotton
IS being offered for sale indicates very forcibly
that holders arc not in the least alarmed
ny hear talk or by the desperate efforts to
break the market being made by the gentle
men who hammer"
All Of the larger spot markets closed frm
eeption of New York. which was dull at
prices l-isc lower, The only explanation Of
this lies in the fact that yesterday when there
vaS nothing to warrant such action because |
there was absolutely nothing being done, this
market went up in the same degree that It
declined today.
The movement continues to be very. very
small and predictions are being freely made
that this feature OF the situation will be- |
come more and more effective in its rela-
ZION to values as the days go by. The foreign |
spinners, it Is said, expected materially larger
receipts during the holiday season and were
greatly disappointed by an exactly opposite
condition Of affairs. II would seem to be
absolutely impossible for them TO go much
longer without realizing the great danger OF
the position into which they have been led
movement continues to be as light during
the next two three weeks as 1t has been
for some time past, revusion of feeling will |
be in order on the other side, There is some
talk to the effect that the gentleman whose
predictions have earned for him the epithet of
Prophet OF EVIL may publicly reduce his
estimate in the near future. If he does there
seems TO be little doubt that something of
panic will be In evidence among the con
sumers who have been following him 80
blndy. However, time will tell In this case
as in all others
Receipts at all the ports today were 350i1. !
As compared with 40 $3.50 last week, s2.27s last
year and a7.554 in 1896. The receipts a, Hous'
ton were 500, against 1859 last year. while
for tomorrow the estimate is from $500 to 1900, |
against l0,i03 last year and 1850 three years
ago. For New Orleans the estimate is from
1000 TO 1900, as compared with 1858 last
year and 13,o0S in 1896 The semi weekly |
statement for the thirteen towns shows re.
ceipts to have been nearly 10000 less than |
last year and 1000 less than in 1896 II will
he difficult for the hears 20 explain away this !
array Of figures.
March In New Orleans opened at 7.15-16 and
closed at 7is-i5. after selling high at I19
and low at IA March, which Is the nearest
month now quoted in the big market opened
in New York at 1870. sold high at IA. low
at ia and closed at 1882, May opened a,
1.4s-4s and closed at 7.46-iT. the high and low
The semi, weekly statement for thirteen
leading interior towns shows:
Receipts. Shipm'ts. Stock.