The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-23
COTTON LOST A POINT.
Markets We're Doll and Llstless and Trad
Ing Was Small
the SITUATION IN THE TEXAS INTERIOR
Reliable Reports Are to the Enect
Tint Holdings Are sma1l-spots
steady md Unchanged.
Futures 4 point down.
Spots steady and unchanged.
Liverpool Lower.
once Of The Post.

ONCE OF The Post.
Houston. Wednesday. November 20.
Cotton was very dull and li,tless today,
the widest range OF fluctuations being only
about six points Trading was quite HIGHT
and the close Of the homo markets was from
unchanged to one point down.
Yesterdays expectations regarding a
heavier semi-weekly receipt were fulhlled and
the figures. which showed an increase In
receipts at the thirteen leading interior towns
of 3i.s3l over last week. hail bearish ten
dency, as was to BIO expected under the cir
cumstarces. The small decline was not per
manent, however. and the market. under
purchases by shorts, gained later in tho day
tho strength which the Increased movement
cost It.
The professional bear was. as on Yesterday.
largely in evidence. and some decidedly bear
ish stun was received in Houston during
the day. The limit was reached in New
orleans dispatch TO New York which was
repeated here from the metropolis and which
was TO the effect that the original sender.
whose name did not decorate the message
received here. still believed that tho CONNER
cial crop would reach 11.0oo 600 This un-
known admrer oi Mr.. NELL vent on To
say that receipts from January on would he
wound I'm by stating: Guided by the move
ment this estimate looks crazy. but visit
TO interior towns viii make ono realize that
1000. 900 bales will be raised. "
1t will be more than difficult to figure
out how this realization is to be effected
especially II the situation In Texas Is to be
regarded as at all indicative of the condi-
tions existing in other States. Tho results
OF the observations of many reliable men
simply do not support the statements rp'
Rarding alleged enormous holdings. and that
q n &c m A aNaa
dence OF this fact the opinions Of n we'll
known Houston representative Of an equally
well known Liverpool firm, will be of interest
The gentleman IN question has lust returned
from trip through sections In the northern
part OF the State and he comes back with
the big crop ideas he formerly held some
what changed. At most of the small towns
he found stocks practically exhausted al
though in some OF the larger points. es-
pecially where congresses are located. he
saw considerable cotton He saw. however
only six bales in farmers hands during
sixty mile drive over Hill, Ellis and Nayar-
TO counties.
From other portions OF the State comes
views OF the same import. Messrs r. II
Talley & Co. OF TAYLOR, writing under date
Of the Dist instant, say: Wagon receipts
today were bales against 50 last week and
4o2 the week before. Cotton held by farmers
is small and will come forward in very small
Then receipts will not be as heavy as they
were some time back as the last advance
moved large percentage OF what held.
The balance on hand will be sold all the
way from row until March or May.
Such advices as these naturally make those
who early estimated the Texas crop at nearly
d,cJ@,rSe0 tales feel trile uneasy When
the members OF the Houston exchange made
their estimates OF the crop few weeks aEo
the average was about 900 90 Now in
view OF the peculiar and unusuai situation.
there are not many who will even hazard a
definite guess at the figures. ii Is pointed out
~ this connection that IN past years CON
ditions have been such as TO enable local
operators 10 get within a few thousand Of
the crop, but that this season everyone is
~ sea.
There is one consolation about it all.
however and that is that facts must sooner
or later take the place OF guesses the
600 600. Someone VIII he proven I'm the right
and someone else m tho wronR aud In the
meantime the producer and the consumer
VIII have a merry dino nf H.
AS has already been stated the SEMI
weekly movement WIS quite large, compar-
nt.yely speaking aud port receipts were
ceiyed l4.4l2 bales today aud expects TO re-
ceive from 1900 to 1900 tomorrow as com
Pared with 8'322 last year and 1g,0so in 1897.
The estimate for New Orleans is from T5O1
to $500 against 1918 In iS9s and 27902 Inc pre-
ylous year Port receipts for elghty-thres
DAYS THIS season are 2,5ii.3QT as compared
win s,sp2!S last year. thus showing de
loit OF LOSS 1886
AS was expected Liverpool was lower this
morning, the decline being l-6id To lis-6id
Spots were in good demand and at unchanged
prices; 1900 bales were sold.
Home spots ruled quiet and steady AT UNI
changed prices. except New Orleans. which
followed YESTERDAYS revision with still an
other adding 1-lsc to middlne and All grades
below i, leaving the higher grades as they
we're Spot sales we're larger than they have
been for several DAYS past
January IN New York opened at 7,Sia7S2.
,3oaT31. The opening IN March was 30
@I3' and the close at 7.s507S8. the high and
low selling being done at 7,S7 and 81 resnsc.
lively.
A. New Orleans March opened at 7.loa7.i1.
sold high at 7.l2, low at 7oI and closed at
the opening figures
New York advices we're TO the effect that
Parker was on the bull side and held the
opinion that the cror would he very small
one Price Mccormick & Co. were reported
to be large sellers during the day
The average OF tho guosses made by mcm-
bers Of the Memphis cotton exchange place
the total crop at o.36t.ooo
The mi kJy ct,