The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-06
] J BLl N|||lYE IN CO11OS,
\ 1lusss cIsssd Il j. Advssss = All
" Maftsts.
Once Of The Post,
Houston. Tuesday, October ..

=
Houston. Tuesday, October 8.
Cotton y gradually gaining fr1cndA
4 great many people now think that Their
o nothing 10 the situation to Justify
lower price than 3 cents u New Orleans
while enthusiastic bulls say the staple
should be at least cent pound higher
Liverpool has about given UP the idee
thAt American cotton will be obtained fol
~ and under this season. and Ia beginning
70 take hold OF values on the present ba-
sis. This morning this Foreigners greeted
" with an advance Of s-el6sih-64d on fu-
turns, while spots were marked up 1-32d
and sales Of 10000 bales recorded at the
advance The American markets respond.
Cd TO the gadn at Liverpool and at one
tiins showed an advance OF 100l2 points.
TswAm the close Of tho session realizing
sales caused loss of tho greater part OF
the days improvement. New Orleans
closed 204 points higher than yesterday.
while New York showed a gain of 5ll6
points. Southern spot markets were 1-1e0b
Nc higher. with good demand reported.
Buying for export was feature OF the
day and there were also reports of more
inquiries from Eastern spinners.
While II may be true that cotton is not
destined to sell much higher than at pres
ent for some time to come, yet there is
every Indication OF an urgent foreign de-
mand from this time forward. no matter
what immaculate changes may be made in
quotations. English and continental spin
ners have little or no cotton on hand ana
there n much less than usual afoN for
Foreign ports. Large purchases must be
made this month 10 replcnish stocks that
are now vergin9 on the ragged edge OF
nothingness. Tho foreign spinners have
worked a game OF bluff successfully for
the past month. md now they are ready
10 take all the q cent cotton that Ia IN
sight Possibly decreasing receipts. re.
duceo crop estimates and stubbornness on
inc part OF the spot holder might even
iorcc them to pay half cent more.
AT todays session New York futures
opened arm, with 6.45 bid for January.
The first sale was at Gas, but the marke,
soon fell back to 6.45. After hanging be.
tween 6.4b and 6.4s for nm hour or so inn.
uary suddenly jumped to g 80 and sold 81,
that price several times Toward the close
''''iKet eased on. final figures being 9. 800 |
s.T against e.4l@6.42 yesterday.
IN New Orleans. December sold at s.Os |
Sor the lowest and 6.17 highest. closing nj |
s'llaS.12, against s.o7@d.os yesterday.
In Favor OF Cotton.
Now York advlces TO Il. w. Hunter 4
Co, today werc as follows;
The market today has shown yro,,.,
.peeulatiVe activity and u firmcr under |
tote IMAM for some time past. Indication.
point to gradual change in sentiment, !
anu growing feeling IN favor OF cotton.
inc character OF private cables from INV
erpooi has been favorable, Indicating a
better feeling in Manchester and appre.
nension on tho part of the speculative ola
neni In the Liverpool market OF a moor
bureau report on the 10th instant ana n
disrosition to discount. A net advance in
the Liverpool arrival market OF from = IN |
'ss points confirms the private advices ro.
eoi'eu ana was responsible for an opon |
'ns Improvement here OF Sal points. lin. !
yer INC improved demand for spcculation |
ana investment, prices have graduallv i'm
iroVod since the opening, until at ,nt,
'ine net gain of Haze points hns been
established. 'N0'
locally there is less talk OF n mamupo,n
cI9p thiS season and more disposlt,on ~
,y,dn,, 20 stlnates, owing to the relatively
!, ', : ~ ,, movement and the continued
crop advices, The wee,siw ra
por, published In New Orleans today
Cvennrms previous unfavorahle cron ma.
l,itie or @'r M s.ates that Indications favor
eSmaracter must eventually have some in.
nushce upon tiis minds OF the trading ARA
~ ~ resuit IN y considerable Increase in
the outside speculative element nv nu I'm ~,
ssnere y already nosiceablc a hroad.n,o.,
ret.n anutespec'nlly from the South--fof
! ~ IA pasea upon Its apparent cheap.
ners are buying cotton more rrne,v ,bbnn
npre.ofore; Tho feeling at the moment T.
ra'her IN favor OF further advance. :"
Change In Order,
Carsfll & Richardson OF Houstor .,,,
Three important factors. all Of which w,,,
..nN ~ ADVANCE cotton, werc evident to.
~ koou european demand for SPOT
.o'u'' diminished movement and snec.
lia.ivc puying' The South has depressed
'ol.oiltthe Interior in SELLING spots freely
Ahd inc buyers and importers In hodrsny
,pI oa grf iIs with sales OF futures. Now
ntsr.or IN disposed TO hold ara the h,,,, sre
I'M eXpoiLeTs are glad OF the onno,1ust
y seh lnelr spots &c Europe and bu,
lem consIdc,,,,h,ssV 9 n. 4 the latter show
49, Frt
80 lc'h broader one than has hsan
,o,,s. sor some n time; ~ the close Sood
,,orrn,v are ,a,king higher prices Tor Ia.
'uiiish bureau will be out. ''N"''sso
Weight OF BnIe..
The last ISSUE OF the Fhnancia, c,r.
Gle gives the following table Of tho We
'eapts OF cotton from each sat. Ia,
month, together with the weight az ,,a,a..
e,.,. No; of Weight. Average
Sta.es-- Bales, Ponds Wcign,o
Iexas ............. 20. us 129,si7,Ie5 sS, a.
4 u.siana ,''..-...lba.1l2 Se,7ssgtO 6a, M
al9hama ......... 2a.0w l6.iSs4Is ~, ~
,eorg.a ..1S7,542 si,si08 M; N,
,pouth Carolina 1852 s9,lS2,a8 Sii,ss
,lIslu1 ..,....,... 4i,007 oaOrhDa Sno "a
sorth Carolina -. CISCO si.6sia.s ss,.x
e''n'Ssee' etc .,.iSS,s2S s7,662,5oo 5000
Totals '..,...'.,..sis.S~ '72sse.ss5 sl5.S
sIrcluding Florida.
h.. -. /