The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-19
COTTON CONTINUED TO DECLINE

, tages Of unsettled Wall street conditions
and TO take into account the predictions
OF scarce and high money. also growing
tendency on the part ~ spinners and ex-
porters to take cotton from hand 70 mouth,
also the low price Of silver, and last, but
not least. although perhaps an a1alr OF
sentiment. the claim that the present low
movement Of supplies reflects an unsatis-
factory demand for the staple together
with bad roads, and car scarcity. although
the Inter has become n ttresomc subject
aud more or less generally disregarded be
cause dishClicycd IL remains 20 be seen
whether receipts VIII pick M and whether
the SuhsidinE demand Tor spot cotton Is not
a seasonable matter only. ~ Is pretty gen
orally taken FOR granted hy tho local traders
that the market is likely 70 be q small one
for the remainder ~ the year. and as
slow market generally evcutuates into Is
weak one local sentiment al present Is In
clincd to be hcarish not So much because
the staple Is without strong features as he.
cause speculative competition Is not one 81
the features leaving the exporters aud
the spinucrs TO buy from hand 60 mouth as
their wants may require.
Liverpool opened quiet and steady. with
quotations ranging half poiut lower than
the closing figures Of tho previous day,
During the day the tone continued quiet
ana gradual decline cnsued At the
close the tone was Irregular AND weak the
quotations indicating losses Tor the day OF
2i5 10 5is points from the close " the day
before There was fair demand IN the spot
market, with sales VI l2.UN bales. The
close was easier. with quotations points
lower than the previous day.
New York opened quiet with figures
practically Mt the level Of the previous
days close. some months showing very IT.
regular variations however The feeling
was beGrish throughout the day owing TO
the probability Of an increased movement
and better weather. and declines gradually
were felt all along the line January went
as low as S.il. with March at SIS aud
Nav at S.3G The close was quiet AID
steady. with quotations showing range
o. 8 to poiuts below the closing figures
n the day brf3.e
New orleans opened steady at nearly the
level ot the closing figures Of the previous
lay During the day the tendency was
decidedly bcarish under the influences that
generally prevailed aud prices continued 10
lose until the close, which showed quota.
tioua 3 'o Ga points below the previous
days figures,
There was an excess in the current move.
ment. Hcccipts mt all ports were 1850
bales compared with 35o32 for the CORE
suoudinc day NJ last season Since Friday
receipts have been 223,3i2 bales compared
with 22l632 for the same time Of last
week ana -iG,sSj for the corresponding time
Of last season. Thus far IN the season re.
c"ipts huyo been il''5S, EOS bales compared
with i.2Ol ,uG' for the corresponding time
OF last scaon. Exports since Friday have
bccU li,+lI bales. compared with 2lS.a6i
tot the Same time ~ last week and l&j,Hb
for the corresponding time NJ last season.
Stock at United states ports was luJu,&24
bales compared with l.O56,4iG for the Same
day ~ last week and 06i lIG for the cor.
responding day Of last season.
Tho New York Commercial gives tho fol-
lowing on conditions in the Lancashire cot
ton market up 20 December
Rather more activity has been impaired
to the market and business has bceu brisker
than for some time past, with more dis.
position to operate on tho part OF outside
spectators The undcrtone has been gen
orally bullish throughout owing 10 cables
predicting ehrinkugc In the movements
Of tho crop and mfHvorahlc weather re
ports from Texas nc which the bears he
came frightened ana covered their short
sales freely mud led to some new invest.
ment buying, causing prices to hnrdcn
sharply. Later iu tho week. however. a
reaction took place owing to heavy real
iziuG ot profits on the idea that the nd.
vance was too rapid and renewed large crop
estimates. and after many fluctuations the
market today closed quiet nj 6ia to 90
pointa over last Thursdays hnol rates