The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-09

Southern peopIe, but there Is some salts
faction In knowing that wMIe iaIse
crop means low prices. the picking. srm-
Weld means more work for the lnborer.
The farmers are the sufferers. but the
past two years ns,e bulk CT the crop was
marketed at about the highest prices Tor
the season, and even this year we saw a
large early movement at much better ,n
prices obtainabic today. To illustrate this:
we are advised that probably the .argest
firm of cotton buyers In Texas has so far
this season paid on an average OF 7-S IN
the interior
Liverpool came easy this morning. ~ to
f fst'. safes in New york being 5 down. The
market lacked snap, throughout the day,
closing prices being practically the low
est. Europe said mo- to offers Of spots
brought short sellers and orders to cover
spots. We can see nothing encouraging
In the situation at the moment.
Violet a. Co.'S Review.
New York, November S.--Atwood Violet
& Go. say: A decline here Of 10 points
would seem to have brought prices to
basis upon which buying would be justi-
fed. but instead there was very consid-
cradle liqludau Ion by longs. The easy
Southern spot markets did not encourage
covering OF short contracts nor the buy-
ing of new oncs These low records
lowest at which that month has ever sold
since this contract market came into ex-
istence ard when we consider the Differ
cnce n visible supply today ana IN tep-
ruary. 1895. when prices were at their low
est. 1t makes the situation look bullish.
even with the current crop as large as
10. 10000. to realize which more than l,SOO-
900 bales more must come into sight in the
last ten months of this season than was
brought into sight I'm the same months
last season. VIII 1t be realized? The
trouble Is. however. too much cotton Is
coming daily into sight-more than can
be provided for immediately or prospect
lively. We have to wait for a change In
the conditions to secure permanent ad-
vance in prices. Mddling here is 5 rs,
against 9-16 in 1895. and cents in 1S4S.
New York Cotton Market.
New York, November S--Cotton opened
with Joss of Sd14 points and showed
later loss of 697 points more. Tho
weakness of the market was directly the
result of predictions of overwhelming re-
ceipts at interior points. as well as
deluge of cotton at the ports tomorrow.
In addition to this pressure the English
cotton market closed at a net loss Of lls@
points, while reports from manufac-
turing cities in New England were very
unsa tisfactory. Orders from the South
were for selling AND LIQUIDATION became
very general. including active selling for
English account. There was not so much
selling by the shorts themselves at low
prices. causing the more prudent to cover
The close was steady at a net loss of s
a9 points. Sales, 1890.
Dry Goods Market.
New York November S--There Is a con-
tinued weakness in the dry goods market
the reduct!on Saturday by the agents for
American prints being decidedly in line
with the present situation. The business
passing in all lines of cotton goods is
very slim, including print cloths. Wool
ems and wcrsted goods are unchanged. In
staple cottons the presence of only a
few buyers In the market today made
trading very dull locally. as mail orders
were small In coarse coiored cottons
quotations. In print cloths Che market
continues dull.
Cotton Points.
The Missouri Kansas and Texas nail
road brought 1913 bales into Houston to-
day-the largest daily total this year for
that road.
There will be a special meeting of the
Houston Cotton Exchange next Wednes-
day November TO- to take action upon
an amendment to the bylaws.
Fairchd g. Hobson, New Orleans: 1--WE
still see nothing in favor of the staple
but its price, and we must get very
largely increased spot demand to start an
advance in futures"
A prominent New Orleans firm that has
been bearsh all he season writes: I'VE
believe ii best for our friends to remain
neutral under present circumstances, and
await future developments before entering
into fresh engagements"
Edwin r. Violet. New Orleans: Sen
timent Is a potent factor in the situation,
and it has been against the staple for the
past six months. However the present
low level Of values is apt to create a
change, and for this reason we caution
our friends not to sell cotton short at cur
rent quotations.