The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-16
TONE OF COTTON STRONGER
Az Advance Of Eight Points at New
Orleans,
THE DAYS EXPORTS WERE HEAVY.
Clearance Of Nearly One Hundred
Thousand Bnles-Better Spot De-
mand-The Market Reviewed.

Honstcn. Monday. November is.

Houston Monday. November Is.
The bears had everything that they had
predicted IN the way of heavy receipts at
ports and interior towns, but despite this
the speculative market advanced. New
York closed sac points higher. and New
Orleans was points UP. Liverpool ddviccs
were more favorable. futures being adj
vanced point and spot sales amounting
to 1900 bales. Southern spot markets
were very steady. with good demand re-
ported.
The action of the market this morning
was a complete surprise to the shorts.
They were confident Saturday that big
decline would be recorded today, relying
upon the heavy receipts to bring about
this result. There were good buying or
ders from several sources, however and
opening prices were the lowest of the
day. A sustaining factor was the heavy
port clearances. about 100000 bales being
reported In the exports The stock at
ports showed a decrease, and Is now 22i,-
900 bales less than at this time last year.
Advices from New York state that many
traders are now inclined to take hold of
cotton, believing that present prices dis
There is also considerable buying by peo-
pie who seldom enter TIE market, but who
believe that July and August deliveries at
&c in New York are as good an invest
ment as anything else on the market. The
bears believe, however, that nothing
more than am occasional rally need be
looked for and are predicting that prices
will go 50@75 points lower
At today's session New York futures
opened steady. with SCI bid for January
The price advanced to 5es in the first
hour or so, fell back to s.64, then grad
ually advanced to $40, and closed with
$50 bid, against 5.6i Saturday.
In New Orleans the first sale OF jan
uary was at b,26. and from that price the
market advanced to 5SS, closing at $3.50
6.S6, aga inst 5.2745.2S Saturday.
Houston expects 90, 400 TO $1,000 bales to-
morrow, against 1890 on the same day
last year and 1878 in 1894. The estimate
at New Orleans is for 5000 to 5000,
against 2l.s74 last year and 29.S1S in 1894.
4 stendy Undertone.
fBy private wire to B. w. Hunter & Coz
New York, November 15.-Liverpool adj
vices this morning were very satisfactory.
reporting as they did a liberal demand
for actual cotton from spinners. with the
arrival market steady at q slight ad
vance from Saturday evenings close. In
dicaticns OF a heavy port movement multi
fled the favorable cables. and prices omen
ed at a decline from Saturday. 1t trans
pred however, that while offerings from
the south We're free, they had been prac-
tfcaAy absorbed by Liverpool, and that
there was no pressure upon this market.
Consequently the demand for speculat ton
and investment together with consider
able buying for short account to realize
profits, stimulated prices, and resulted In
recovery In values OF from to points
1T Is now claimed by many people In
close touch with cotton buyers at the
South that there is outstanding a very
large short interest which represents
feavy sales by Southern factors 10 Fin
rope TOT iuture delivery which have not
as yet been covered either through tho
purchase OF actual cotton or the plirohase
o. future contracts as hedges. OF course
.nls cotton must sooner or later he
o. .s sugh. IN. The Texas weekly crop balle-
I'm states that picking Is still in progress
put tnat the crop is all picked over the
southern part of the State EXCEPT in isa,.
atea places that the top crop is consid-
-, a. ~o"ipiete idalure except in a few
sections, ard that the crop as a rule is
considerably below the average. The av.
.rage estimate Of 100 members If tbs
Cotton Exchange is 1902 $50
oases. crop of this size has niressIr,
BEEN more than discounted in The 49,,
me market shows a very steady undcr.
le'ne, and II Is gpoticoable that Wills tho
buying demard from consumers snec',-
ators ana investors Is gradually increas
ng. the pressure to sell specially from Tho
shcrt interest. is being restricted nv tho
,llned. Soy ne
Violet & Cots Review.
IBy private wire to b. W. Hunter G. Co,
New York. November I5--Atwood Viz
ett q Co say: There was evidently much
'efing here at opening, but the loss Of
o points was soon rega!ned, and
urther Improvement subsequently,. due
argely to buying by a prominent on,ra
or. 1t was also helped by mors hnp'Iist,
sentiment i'm the exchange, mainly baI
',use Of heavy exports, which tShay . pr
ibont 10000 bales, The buying. howevar
vas rather by those who take fau;
'oints profit and unless Idvernooj ~,
,vves tomorrow considerably rbjcs III
rev Of that markets course Is nart ~, -. |
'np9 Gable, much of today's nur,sha,,pp', |
MI De thrown over and cause SOME A.. a.
'Ene. This market res.sts decidcd,, asr,.ts,
q derress II. Our adv,ces la ST week 4, ~, |
m easy PERIODS and take moderate nrof;,S |
eem To- have been we'll given scrnrd,na,
? what has happened several times IN thss
'ast few days. NeS IN the