The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-18
BEARS AGAIN in CONTROL,
Liverpool the Only Cotton Market
Scoring Auy Advance.
SPOTS AND FUTURES THERE HIGHER
American spot Markets Unchanged
and steadier In Tone, nut Fu-
lures All Lower.
Once Of The Post,
Houston, Wednesday, November II.

Houston, wednesday, November H.
II was expected that the freezing wea-
Their over the northern section Of the cot
ton belt would have tendency to bring
about an advance but the reverse has
been the outcome. The bears came for
ward with the opinion that the frost
would cause the top crop to open out and
with favorable weather following there
would be no limit to the Yield. Although
Liverpool opened up at an advance OF
1-s2d on spots and points up on futures
the bulls were unable to stem the tide
The receipts at ports are still heavy aud
the movement at interior towns Is in ex-
cess OF 1894. Stocks are also large and
there is little in sight at the moment to
bring about an advance, although every
clemen, is willing to admit that cotton
is cheap enough at present prices.
All the future markets opened up at ad-
vances. but they were soon lost. and
when the markets closed prices were
lower all along the line except in Liver
pool. where 1-6id advance was recorded.
New York closed to s and New orleans
4 to points below yesterday.
The tone Of the spot markets was
steadier than for scn,e time and the
American markets closed at yesterday s
advance, Liverpool crawling up another
1-3ad and repoctlng good business.
No Damage by Frost.
(By private wire to B. w. Hunter g. COB
New York. November 17--Lverpool
sent encouraging advsces again this
l.ro.rirg coming 1-32d up on spots, and 2
to . RENTS higher for futures. Under
this favorable news, and reports of frost
and ice from many sections of the cotton
belt. the bidding at the opening for both
accounts was quite spirited. and our
market opened at an advance Of ) points.
This proved to be the high point of the
day. Later adWces reported no damage
done by the cod weather, and moderate
M, temperatures were predicted for TO-
night and traders generally claim that
1t Is now too late for frost to cause any
serious damage and took the short side
for turn. Under this selling and rea,iz-
ing by those who had small profits and
didn't want to see that little get away.
as 1t has done so often In the recent
past the market steadily declined and
closed down 10 points from the opening
and points below last nights close
barely steady In tone. The feeling is that
Liverpool will come lower tomorrow and
our market will follow with some further
for the week Is estimated as high as $780,
600, making a total of 100000 for two
weeks. Receipts at the ports today were
liberal. as was also the estimates for
New Orleans and Houston. The market
will likely continue to feel this weight of
cottcn for some days vet and until a
better spot demand springs up to help
the future market take care of the crop
which Is being daily offered and sold no
permanent advance is expected. We can
moi as yet see anything to alter the al
wee so often given in these dispatches
lately. that is. to sell on the bu.ges and
buy or the breaks for quick turns and
small profits.