The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-10
in |II|||IE|' COTTON MARKETS
Bit WEATHER wAsrnE CHIEF INFLUENCE
Al ne spst Markets show nm Adj
vance ana Bctter Tone-Futurcs
Also Closed Higher.
offce of rhe Post.
Houston. Friday, recember :.

Office OF The Post
Houston, Friday, december ..
n WIS IN the main a weather market today.
All over the cotton belt II Is either raining.
sleetlus. or showing mud work in the zelda
Is suspended.
Liverpool jumped up 2-6i and as a result
The American markets felt the influence and
fell into line.
There has been good demand for spot Get
ton. and as a consequence all the near posi-
tIons show greater strength than the far
ones, In which there is little Investment, even
Tor speculation.
The estimates made By thirty-six members
OF the exchange placed the total yield at
ll.sla, 100 on an average The highest guess
was ILL., 600 aud the lowest io.5oc.0oo For
Texas the average was 9,Gis,soo, with $780,
900 as the high aud a.io0.oOO as the low. \
month ago these figures would have been
much higher.
Tao into sight and visible movements are
co,arcd by iiesteis statements. appearing
elsewhere. s.5
New York futures were ! to points up at
tue rlose. and sre from u II points higher
than n week ago.
New orleans closed at ~ advance or 10
5 points. aud compared With last Friday
prices are up 10 TO L points except for tho
most distant positions.
4 Pcrs receipts Ter the day were di,65s,
sgaiast 5,,sPe last year aud 1850 tn 1871. For
the week tie peri movement was Sy202o.
against 500. 7s6 last year and a52,lSl in 1891.
Liverpool adyauced SPOTS i-5e. New York
1-i6 and The other markets :.
Houston expects tomorrow li69o to 1850,
against $40 last scar and 1921 in iSai.
New Orleans expects i3ceo to 15,ooo, against
ls,p0S last year and ia.s3S IN iSei.
Carsill & Richardson oi Houston say:
had weather in Texas, the Mississippi VAL
Icy ard IN some sections of the East brought
buying orders Into the cation markets todsy
which resulted in quick advance lmmo
diately after the opening, prices in New York
aIyanring points cSor yesterday for the
near months. Liverpool heiped the bulls by
huyins Steely IN New yoVk, unco,cring strad-
dies After tho first bo,ir prices kaeEei. With
local New York operators and New Orleans
selling. Adyices from all markets were OF i
bearish character Nfw York said that TINT
market was heavily long and that while pres
ent buying. II continued, would advance
prices further any csssation would cause
quick reaction. Liverpool cabIrd that the
bull crowd there. headed by Dixon. had
played the bull side 70 a siaudstili. and that
they needed help 10 rut It higher. Receipts
Ak the ports were moderate. and estimates for
tomorrow 6v19 bales larger than last year
at the two principal cotton c1utars Of THE
country The amount into sight fer the week
was SOL. ~, against iis.s2i last year and al
Az IN 1885, We are now about $4,000 ahead
OF last year, Undoubtedly this Is Il long MGR
ket, and continual support j. necessary to
bad weather II is likely We will sue It. but
sunshine VIII create hearish sentiment.
b. W. Hunter & Co. say of today's cotton
market. Some very nasty winter weather
sttnis 10 have. settled over the entire cotton
beit. aud weather prophets saysthat the fall
Of snow extending all over tbs Northwest and
well down into Texas has been heavy enough
to gi,s us bad weather. With only an ncca-
ssoLai Gay OF sunshine. for the rest of this
mtisth at least, Sons excellent judges OF the
market who quickly change their opln.
ions when they see they are wrong. say thar
they believe continued bid weather could
easily make the final returns from this crcp
considerably less than lo.0iN.ooo bales Liver
nooi tried 10 nc, smart this morning and sent
in 2 barely steady market, not fully w TO our
anv'ncs OF Yesterday, but had quietly cabled
heavy buying orders to this side. Now York
made them PAY for the cotton and put prices
np TO - points and sent Hood o. buy
higher than yesterday. January cotton today
" New York was at one time points higher
THAI March, and, ms Liverpool was n big
buyer of this month. taking OF hedges. the
bnfh IN New York seem TO have gotten a
i NJ me BIS, q The strada'i 8 Sans .nieh
weeks Come realizing sales caused a slrh,
recession NJ the close. hut this docs not alter
the strong situation OF cotton. Prominent New
York houses are advising their customers tc
pvt part OF their purchases In Liverpool, as
thai Is now the cheapest market Raili sold
Msrch and May cotton largely In New York.
and. as this firm has been taking cotton on
contracts for December and has been a large
buyer OF January With the intention of takiip
the cotton these saies Of March and MAY arc
sit1rly. legitimate hedges against actual cot.
ton. which has every Indication OF commando
Ing much larger premium that exists Al
present over futures. The strength of euut
cottor may grow and grow; It may extend mr.
Into the next crop, and so long ms II cor.
urues each future month as II comes VII
command It's premium over the more dIstan,
positions. This Is bullish feature and is the
ba5. evidence In the world that the advance
In cotton so far has been purely on the strong
position OF spot cotton. Had the advaDce hrcf
Principally speculative. the distant positions
woue be much better
Chrnncir,v iNcttMcr ncnnr,