The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-08-19
EIGHT CENTS FOR COTTON.
Futures Went Above That Prlc,
Yesterday.
THE BULLS SENT PRICES SOARING
New Oriesss Advanced rorty-ons Points.
Hoastsn spots Are H,xhsr-Ths
Market strong.
Office Of Tho Post.
Houston. Tt,csdnv. August IL.

The bulls turned on the pyrotechn,cs
agusn today md caused the bears 70 seam
per around like animals that had never
before experienced such crazy fireworks.
Liverpool started The display by advancing
futures S,s-6ad. AMI before the day ended
Now York was ~ points higher thar yes
tcrday's chose. while New Orleans ad-
vanccd II points on the active months. de-
ccmbcr cotton In New York closed cents
a pound hi,yher than tiw lowest price
reached in july. while in Now orleans tho
staple has advanced 900 points siuce the
middle Of last month
Tho advance today was attributed TO
continuation OF the aI,tfui crop reports
that have been coming IN oli this month. q
rumor tluti N,lii wouiA irsue n ckcuiar
conilrn'lng the d,saster that has been pie
'ufed. good fuyiug orders from Liverpool
and other foreign markets. and a general
islcht OF what lew hig shorts worc s,ii,
in the market Higher prices were hid
for cotton as soon as the American oX-
changes opened. and very soon the chalk
marks were bouncing towards cents al.
along the line in New orleans. In New
York everything in future Was above 8
c.-ltts by the second call. and on the clos,
October WIS quoted at Sl3 December
S1a. january SIG and March SO. Deccm-
her In New orleans lacked only point
of r>aching cents. while January wont
10 SN
The. present prices arc the highest sccn
ON the boards In many months aud asc
about y points above the quotations runng
on futrres Mt this time last wear. Th.
advance since the latter part OF July has
boon equal to gain OF $40 per bale and
the bulls siy the end is not vet. They
contend that cotton IL actually cheap at
present pxlccs. and that spinners who arc
refusing to buy now may have 10 pay
anywhere from to cents more per
pound before the 1st of October They
look for nm occasional reaction. bat are
firm IN their belief that the market Is stll
far from thu top.
If the bc,Nd becomes current IN New
Yosk and other market oentcrs that The
Indications arc ioT a crop less than S0G0.-
90 bales. II can nut be surniscd how far
prices will 20. The conditions of trade
are uniavorable. however and may have
~ "
en-, that splnntss on that account do not
car" TO pnS COTTON W inc nR" pr'oeN 100"
.a p. ..,,'.,, ,.,''.''..,,, 49,.
WV D'' n,u, -.
- ,..,.,,r ,,,.,,ras ~. ,,,,,L a,
a ,n.., 4, ,,t. .,,.a, -
''''''s' '''' "i''t'' ~ ,...,.
may .NSrt an uiia'oi"'N ihh"o"'e'
,... ..,,',, ,,,,o,.,h.r A., Ma.
~ "''i ''S""' :" Wv
York sold AT 1?u soon after the opening.
n ' .r,. a.,,.,,,,a ,,,u,,,,,,, r,n,,., m,
A.. s,o ,,., ,.,,,oa N ,,,,,,. Ma
,,',s,,,r 49, -, i,s,s1r .,,., 7ss,,T NJ
,,.,.,,ra,v sr,,nmh., so,a mt 77s ,,,ly
-, "a, ..,s.,,s, I'm, ,r.,,hed so7 h,for,, M,
-,
-, ~. .,.,..o,,. ,,,,ol,a, o,,o,,,d a, tcz
!" 800 -
dropped 10 Lob. bul soon pcs"h Juihpi'iE
the Other way. ON the sccor d call 40
a.L.1 ,,d mo cloainu was n, 7,lo
:. '.' -, lo,,, ~ ,,.,,,,.a,,v l.c,m.
'-'-' hs"i'st '''-"'''" 49,"
bor opened 1T io9 aiib bs li'.o WAS seihhS
at .s. From this tire price cropped 10
,,,,. -, ~ .no,h,r sulrr wni,n
''oN - .,,,,,,.', "a i va upninyu 4 ~ an
81 - '.sI',rn,,N
~ 49, A,,,..,csr sf,l,, markets we're all oil
60, ~ nv. un,ancc N ftrures New
,xL N.u, .,,,..,,n. ana Aempnis nd
., ~ - unt,,- t,o,,stun. Galveston and
!, ',,'.N,,a, ,,a,L ..,A IN ur,,,.g 3-lbc
y"
rurl, nrices mt Now York and Now Or
-. -, ~, Hoo,
leans wen aD"ui poin's pe'o" "'' 0''S'
his afternoon, according 10 adVlces re-
celv.d nv local brokers December sold
- .. ,,,u. ,o,u.rv
was offered al ~ VA ne" hoin, a my
traders tilbnh TINS h'ahs SUIT ""' -