The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-15
IN THE COTTON MARKETS
Statistical Information from the Exchanges
Of Uaited States and Europe,
BEARS HAD 4 LITTLE THE BEST or II
white Failures In liverpool Rela
Their own the American Markets
Were Lower.
ofhoe or The Post,
Mous..t,.o,nl,. 8. saturaay. Janaars ~.

Houston. Saturday. January a.
II was a rather tame market today and the
bears had the better OF il, They were assres-
sivc at the outset, and. although there was .
reaction from the lowest, the bears before tho
close succeeded In hamnering down prices
aid about wiped out nl the weeks gains.
New Orleans was more bearishly inclined
than New York. In the latter city, outsiders
who think that stocks arc going to extremes
a,o quietly buying cotton, which is the cheap
est commodity for sale. They are holding on
gi;miy. and expect In the next few months TO
All the SPOT markets closed unchanged.
Liverpool Is. practically unchanged for NJ
lures. New York Is . to 4 and New Orleans
to 6 points down from yesterday.
Houston expects on Monday 5000. to 500.
against S32s last year and lS6? in 1876.
New Orleans expects 10000 to il,ooo, against
~. 19i last year md 19Ui2 in 1889.
Cargill & Richardson say OF cotton There
were no new features Of interest in the cotton
markets today Liverpool sent MS a slightly
lower contract market, prices at the close be-
ing a partial sixty-fourth down, with sales
OF suoc on the srot In New York opening
prices were about unchanged. after which the
New orleans and local Traders in New YORK.
Later in tho day New York wired that tho
Financial Chronicle says editorially that u
mated, and that II will probably be less than
last year. Today's market was given cvsr al
most most wholly to evening up accounts over
mos on the decline. The snap seems to be
ou. of the market for the time being. Estt-
mates mates NJ Houston and New Orleans mero
iaent. while port receipts also fell short Clear
INK weather Is now reported and II this does
will probably take fresh hold Cotton looks
fairly reasonable at present prices. Although
tho htlts are reported white with tho staple,
IL Is still a question whether 1t will be all
picked
Is. W. Hunter & Co. say of today's cotton
market: Tho expected reaction came today
ind prices are down 10 points from tho high
est of the week. Liverpool was n little better
than expected. and opening sales In New York
we're made at n point advance on the active
months. but selling orders predominated and
prices declined to. points. New Orleans
wac especially bearlsh, declining points right
on the start and sending heavy selling orders
to New York. As soon MS the selling pressure
subsidized. prices advanced ) points but me
aud hammered the market down to the low
est Of tho day at the close; The absence OF
long LIQUIDATION was noticeable. holders show
ing no disposition to sell, but rather inereas-
INK their lines. and numerous orders were In
5 to points under the market. Any further
decline or accumulation of short interest will
strengthen the position of the bulls, who seem
determined TO hold their cotton for much hign
er prices. Much abused Wall street-always
the farmers friend. as never In the products
OF the fields except on the bull side-s NOT
only piling up millions additional profits on
the big bull campaign In stocks. but has
bought over S.0oo.0N0 bushels of wheat In the
Chicago pit and advances the market despite
tn. efforts OF professionals to break it, and
continues an open and heavy buyer OF cotton
and talks confidently OF Z cents for The MAY
option. The Chronicle says the crop has been
ovcrestlmated, and that the yield will proba-
bly, be less than last year.
nry Goods.
New York, January 1.-THE dry goods
market closed with fairly good results for the
week. The volume of business passing has
been heavy. MS is Inevitably the caac at this
time OF the year But II has not met the es-
OF sellers In all departments The
jobbing trade has taken hold OF new goods
with considerable enthusiasm. Staple cottons
have shown less satisfactory results. Print
cloths still maintain their firm position. The