The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-24
IN THE COTTON MARKETS
Bradstreets and Dun's Review the Condl'
ton Of Trade In the Country.
LIVERPOOL CABLES WERE ENCOURAGING.
Roth spots md Contracts There
HiEher--Americnn Future Mar
kets Advance.
office of The Post.
Houston, wednesday, November q

Houston, wednesday, '>oNeHp'' -
Usually on the eve Of n holiday speeuiatois
III load or at all events do not take on nv"
lines Today, however. was an excepuoh "
tho rpic and instead of selling the geherai ~
clmat.on was to puichase. Undoubtedly VH'.u
Is great deal OF cotton now being poaeh'
for investment and this stimulates the speVu-
lat'on TO some extent.
Spinners are buying more freely and report
u better and firmer market Tor their eio'us
and yarns. The present fine weather WIN
permit of the rapid marketing OF the crop
and were it not for a scarcity OF cars, hot III
Teas alone. but in other states, the Ho'o-
mcnt would undoubtedly be very heaV! ioi
the next fortnight at least
Liverpool was encouraging today, being l-s-
up on spots and M-Gi on futures. New iorh
was to 3 points higher aud New orleans
closed from point down to . points up
li0rstons receipts tomorrow VIII be heavy'
in fact record breakers for single day DC
ing put at $4,000 to 3l5oo0. against l-'ooV ias'
year and 1883 In 1894. On the other hand NeW
ORLEANS estimates only 1860 to soOV, against
1892 last year and i269s in 1891.
With the exception Of savannah, when Is
up 1-1G, the American spot markets closed
unchanged.
Fort receipts were 62,5Oi. against 5o,s6o last
year and As, $50 in 1894.
Hunter & Co.'s Cotton Letter.
d. w. Hunter & Co, say Of todays COTTON
market: Liverpool continued the advance to-
dsy and sent an excellent market doing l2,VVo
bales on the spot at 1-32 advance and advance
ing 2-64 on contracts with the close 1i2-ti up.
Our markets advanced TO points, but Inc
holiday brought out some profit taking ana
this selling caused break of points from
the best OF the day. Even on this little DC
cline though, excellent buying came IN the
market and the market rallied to about the
highes. prices reached. New YORK closing .
higher than yesterday. but there was some
selling In New orleans just at the close ana
clit rus OF the bears were successful III CLOS
lug that market easy and oniy point hiSheT
thur yesterday and points aoWn from the
best OF the day. Houston had very heavy
and New Orleans very Light estimate, one
about offesettlng the other.
Port receipts were light as compared WIN
last week and estimates Oh the total port re-
csipti. Tor the week are now 421,uUo pales,
pel,eG to be $4,000. Even If receipts should
he heavy for the next week or two, All /. Is
probable that they Will, If this pretty weather
continues. II should not cause any upehsl-
ness to holders OF cotton. as tnis cotton has
all been sold and much more besides. and 1t
is absolutely no pressure on the market.
Thousands and thousands of bales of cotton
ere being stored away and locked up, just ike
government bonds are other valuable securi-
ties ard ere maLy weeks nave passed the
wcrlC has become of all this cotton they
were talking about?" Our New York house
wiles US There is the strongest kind OF buy
iEg on every little break