The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-14
Special to The Post

market and bad news from south Africa.
Especial to The Post.)
New Orleans, La, December S.-W. H.
Bachelor & Co. limited. say OF cotton:
During tho early hours this morning there
was not much ground covered in either d.
rection by the course OF prices with con-
spicuous absence OF activity. The easier
closing OF the English market was not con-
duoive TO better prices on this side and under
the pressure of moderate realizing the mar
ket eased on, closing finally at nearly the
lowest point of the dny Early Information
from the belt described unchanged condi-
tons with receipts even smaller than expect
ed and spot markets hrm on good demand
from American and continental spinners The
legitimate position OF cotton Is unquestonably
a strong one and as soon as the figures o.
the recent government bureau report are moro
clearly borne out the market viii undouh,-
edly respond as II should The market how
ever, may be temporarily held In check hy
conditions surrounding the money and stock
market There also exists a conservatism :;
present that was lacking in previous small
crop seasons. The farmer and merchant
should have no difficulty In maintaining ths
policy inauEurated at the start, encouraged
as they are by present surroundings
Especial to The Post)
New York December lS.--s. Mum, Son
6 Co say Of cotton:
It was narrow. llstless market and is
likely to continue 90 for a time. Prices
dropped 1 70 points early, got back most
OF II or light receipts at the ports and IL
terror towns and some covering OF shorts and
then receded. closing very steady at a fali
for the day OF to points, with estimated
sales Of 10000 bales Differences between
January and March and December and March
wdened to g points. owing 10 sw.tcMng
from near TO the more distant months. There
is not much cotton here. but nobody seems
10 BIZ hankering for il AZ the moment and
January notices are not very far di slant
Reports from some parts OF Texas and Louisi-
ana give receipts fully equal to last years
and New York members OF the trade travel
ing IN the south in some cases reach diamet-
really opposite opinions as TO the size OF
the crop. some thinking 1t big and others
small The great majority of the reports.
however insist that the crop Is short and
that very little cotton is being held back
Liverpool advanced l-32d on the spot. with
sales OF 10000 bales, and futures rose ~ to
: points. closing quiet but steady. Man
chester reported good demand for cloths
and unchanged.
New Orleans sold 5000 Memphis 900. Au
gusta b29 and New York 50, The ports re-
eeiyed 3S,2o1 or ZOO less than week ago,
leuoO less than last year and 5000 less than
1926 Galveston received only about one
third as week ago The New Orleans es-
tlthate tor tomorrow was only $500 to 450O.
or about bali as much ms last week In
terror receipts at thirteen points were only
ibno. against p saS a week ago, and a. 7l2
last year Shipments were 22.316. or 5000
more IMAM week ago. The guess as to the
quantity to be brought into sight is about
the same as last week ESQ, 600 The DAVIS
exports We're only 7l5o bales. or 900 less
man the receipts The Houston estimate was
Il'noo TO- 1000. or little larger than week
ago Wall street interests bought 5000 holes
OF March toward the close and helped to hold
the market. w 'io''
Liverpool sold 10 some extent during the
uny' cotton goods are in excellent demand
on record North Carolina man saws the
MUS OF that state are not carrying big
STOCKS OF cotton in every case as EVERYDAY
1tupposes ne speculation may drag for
me rest Of the month with occasional sn,,rts
after the turn or the year Laucastershiro is |
expected to increase It's buying and ii IL doe,
!, !, IS likely 10 nc the signal for another up