The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-01-04
Cotton Declined as Result Of the Heavy
Selling by Longs.
STRENGTH OF SPOTS AS GREAT AS EVER
Action OF a New York House severe
Iy Criticssed--An Incrense in
the Movement.
Futures Z tc IL lower.
spots auiet and unchanged.
Liverpool liz 10 3 1-2-6ad down.
ONCE Of rhe Pos
Houston, wednesday. january 8,

as a result OF the higher prices came toosy
and IN consequsuce the staple lost some
strength in all Of the future markets
1t was heId day for the hears all around |
Receipts were considerably larger than they
have been lately, as were the estimates for
tomorrow: bearish advices were sent out by
houses which have formerly been extremely
bulish and altogether. the gentlemen who
do not believe in higher prices had matters
much their own way.
The situation seems 10 be but little az
fected by all this. however, and the actual
cotton is being held just as firmly as before.
The bulls are by no means alarmed They
say that an increased movement vas TO DC
expected under the circumstances and that
temporary declines are always TO be looked
for. They are pinnng their faith on the sta
tisticai position Of tho staple which, appal
entity, was never stronger than at present.
when the most critical period is being APP
proached.
The day was started OF with satisfactory
cables from Liverpool, Notwithstanding which
the markets on this side opened at d.
cline. Liverpool futures were hammered
and closed from X to sti. 6Id down and spots
busltess in which was very fair, were l-l6d
lower than yesterday
Tho markets or this side kept IN fairly
we'll for a while but the nammerine Of the
bears was too strong to lie successfully re-
sisted and the chalk marks went down GrAdu-
aly the lowest point beins reached only
short tine before the close After tina, there
WAS some little Improvement and the closing
figures were but sto u lower than yesterday
In New York and z TO lower IN New OF
le5ns There was yory large amount OF
seIlins by pdes and othor less prominent
longs. according to Eastern huNces' ana ~
view Of the pressure hrot ght TO bear tbc
h,,l,s nv, NJ .be ontnion that the market kent
ou'i' W. y '''0 VP'"''" 'A'' ''' ''''''
UP very wen
Spots were az Arm as ever aud the close Of
tbe dav showed Al ~ the larger ,uarpets IL be
ur.ha,.as ~. ,ona ,an,,ine fro,. e,.v h,
"uNnanheu' '"e WING '"ns'uh A'"N' W
steady. There was not large amount OF
b,sineas transn,ted al pnv potn. and ad-
f -, ~, ,....t,. - a. ,h, .e,.t
vices IRON VIZ HHeI'u' were ~ '"s +"e.'
that the amount disposed OF was quite SINAI!
Holders ara eylncine no desire TO sell and
49,, -a...s,,n ~ 49,. h,,,is it,. t,,o whole
hslelui aruol u'is " '"e Du''S' ''0' ''- WHY
secret OF success.
40 has already been stated, tue movement
lot tomorrow viii be somewhat larger than
Tor sume time past the estimate being for
1900 20 900 bales as compared with Al13 in
1898 and 1863 In 1885. For New Orleans the
eatmate is from 5000 TO llo6o. against e6so
against 5s777 and a,727, while the sent
weekly statement for the thirteen Interior
towss showed receipts which, while they
we're 40 900 less than last season, were s0,0O0
larger than In 1896. stocks in these towns
decreased 1000 during The week and are nov
660ov larger than 10 1885 and $50, 600 larger
than In 1886
The movement 20 the end OF December
shows a loss OF 507IG as C compared witr
1895 Tho into sight Tor that month was
1000, or a total Of D. Sai 600 since septem.
bcf
the slight increase In the movement foi
the preEent week will perhaps cause som,
trad think that there is really very ittl,
therefor or course az has been pointed Gu
many tines temporary breaks of greater O
leas magnitude are TO he expected all aionI
the uue and the feeling which seems to b,
croiipins ont now nny send nrice. lower an,
koen them therc Tor y fsw DAYS. mi n woui,
30 more man dtfAonlt 10 mud IN me souu
Of affairs, abould II Ne brought about wouI
10 anything IKE permanent II would an
near that the New York specuiators are fg
iirine In tbc game very exfonsiyely inst q