The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-15
isperIal 10 The Post.O

LNSiPo"i S"ouiu ut n H'eAN'
Especial to The Posto
New Orleans, La, December Nv. II.
Bachelor & Co.. limited, say OF cotton:
The market at the start this morning gave
further evidence OF the persistent liquida
ton that has been in order during the week
which has proved, however, more OF beneht
than otherwise. for as soon as such pressure
has been removed prices have invhrlhbiy re-
sponded with rapidity alarming TO the beats
and taxing their inventive ingenuity Tor otner
means of attack Our market opened ABOUT
on parity with yesterdays close, and after
a Sigh, decline recovered itself. finally clos
ing at net advance on the day OF some .
points Receipts were again OF small pro
portions. The situation at Eastern mills was
reported stronger than ever and official news
from the belt was to the effect that spot cot
ton continued Arm. Private cables reported
the situation In South Africa more encourag-
ing to British arms and that the market there
this side. This more cheerful newe reflected
itself In the general spot market as well AZ
futures. The bears show feeling Of I'M
certainty as regards future developments, not
withstanding their boast that large quantities
Of cotton arc being held hack and tho general
opinion hero lie that much higher prices VIII
prevail Immediately following the holidays.
Especial to Tbs Post)
New York. December lis Mum. Son &
CO say of cotton
Only rs, Oo0 bales were sold at the cotton
exchange and fluctuations were within mar
row limit only. prices helng 10 points lower
in sympathy with depression Wall street
Besides the speculation being so sluggish,
little realizing affected prices easily, Later
on this tritling loss was recovered and an adj
vance OF 10 points followed. owing TO
rally at tho stock exchange on rumors of
British victory In south Africa, light re
ceipts and Wall street buying. Liverpool
spot sales. too, were 900 bales and Liver
pool Bought little January here. The closing
prices were steady al a net rise for the day
of TO points.
The quantity to be brought into sight Is
now estimated at $50 900. against $4,000 last
week and 1898 500 IN 1896. The ports were ex.
nected to get S2.000 bales today, hut received
only 1857, against 2a.6si week ago. 1858
in 1898 and 1850 IN 1895 The exports IN
creased to 20 $50, mostly for the continent.
| Net interior receipts at thirteen towns were
223SS, against 2l,217 a week ago and 26 26i
last year Interior shipments we're 29SSi,
against PISS week ago and 3s,so2 last year.
| II was &c degrees at Abilene today and ~
degrees at oklahoma.
| Liverpool on the spot was unchanged Flu
| lures advanced there " point on the near
months and declined y point on the distant
months.
Spot cotton here was quiet and unchanged,
%Ith no sales. Southern markets were gem
| orally quiet and steady. st Louis however.
fell lilo New Orleans sold 5000. Memphis
| 1850 Mobile 1900 and Augusta 5i4 Tonor-
rows estimates we're i5co to 1000 FOR Houston
and 1000 TO 5000 for New Orleans the Hous-
ton figures are under those Of a week ago
and the New orleans above these figures.
Savannah received $500. against 5o32 week
ago and 1891 last year Some of the bulls
contend that allowing for a total supply this
season of a,l200o0 bales the visible supply
will be practically wiped out by the first Of
next scp'ember. We are now running hehrd
the receipts of 1895, when the crop was s,15o.
GOO bales
Some contend that tho Alabama Weld IL
only little short Of that nj last year, hu
letters from other people in that State main
tain that tho total crop can not reach o 00l, G1i
haies. From parts Of Mississippi dispatch
stated that So per cent of the crop has beer
; sold and some think Georgia has made on!,
i've. thirds Of crop. The preponderancc Of
testimony from the South ia that the crop Is
short aud very large percentage OF 1t picked
and sold on the eve Of the holidays, how
over, there is very litte disposition to eutAr
into large engagements on either side of the
market Tho trading rs, therefore mostly
for moderate turns up nr down Wall street
still gives the market support however. aud
II Us noticeable that next crop deliveries closed
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