The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-06
IN THE COTTON MARKETS
Statistical Information from the Exchanges
Of United States and Europe.
THE UNDERGONE is DECIDEDLY BUlLISH.
Advanced, ms was Antsci-
pntcti, and the American Markets
Held steady.
office Of The.pos,,

houston, MONDAY, DeceupcT q.
While there was really no advance In cot
ton today. there strong undertone and
the bulls seem more confident. The recent
cold snaps over the State have certainly
stopped picking to a great extent and IN some
sections II is reported that tenants arc aban-
doring fields ani nre offering to pick cotton
for cash for the large plantations.
Opinions as to the size o. the crops are
varied but the lea'.ing bears are soalins their
origina, figures. The other day Richard
Scdepborg & Co. OF New York made n can
:ass amang the members OF the New YORK
cotton exchange with the result that esti-
mates t,uged between l0.o0o,000 ana l2,oOo,-
010 tales.
The average was 1i,l050po bales, against
Neim S estimate of ii 100000 bules, Last year
the average estimate OF members of the New
York cotton exchange was l0,l2l,000 bales.
Tho actual cotton crop was ll,2oO,e9O bales.
The range of estlmatcA at the New York cot
ten exchange was from l0,oot,o0o TO i2,oOo,0Oc
bales, us compared with range OF from TO-
III .oo0 III. TO l2,300c0o bales made by the mem
bcrs o: the Now Orleans cotton Exchange a
few days previously.
The New York Commercial says that the
idea that 5-ccnt cotton will again be reached
this season is said to be gradually but surely
fiZzline out, largely the result of the coll
tinueG enormous purchases OF spot cotton in
The South by foreign representatives and New
England spinners at the present level OF val
ues. While the bears confidently claim that
prices at the moment are too high, only the
more rnbid OF this class OF traders are OF the
oliriun that tho Neill crop estimate will be
a ciosu one tho recent bad weather in the
central aud eastern sections OF the belt have
dion. fl.,
mcrcia! output. Thon. too. the re-entering OF
the outside speculative public into the cotton
make, has hnd strengthening effect upon
the bull contingent. and an unwieldly short
interest would. it is claimed, necessarily have
To be accumulated before Investment demand
wolfe be satisfied. The stability of spot cot.
ton and moat gratifying condition of TRACE
In European cloth markets are also factors
which can not be overlooked. In TACT the
former is the chief card OF the dull crowd
and the greatest drawback to bear Won lures
The Idea is that, should receipts continue VI
20 tlt, present volume FOR several weeks
longer, aud Southern spot markets weaken
The situation might undergo Il radical change
hut with present conditions in force. the
unGeTcurrcnt OF opinion seems to favor the
long side OF the account.
As was expected saturday. Liverpool came
IL. stronger today. the close being .}a-d4ths
up. SPOT sales there were 1900 bales at UNI
changed prices,
The American markets were steady New
York closing close 10 Saturdays figures and
New orloaAs about the same New York.
Fort receipts were 15,7Ss against 81, ISL last
year and 1851 in 1891.
Houston expects tomorrow 5000 to Sl,501.
against 1S.2u last yea: aud exam in 1891.
New Orleans expects tomorrow 1900 TO $1,000.
aga.nst . y9b last year and %, 39S IN 1871.