The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-24
Futures Made az Advance Of I to 10
Points Yesterday.
4 GOOD CONTINENTAL DEMAND FOR SPOTS
spinucrs Seem TO BE waking Up at
Lnst-Ltverpooi Wa. Higher.
Home Spots Up.
Home futures 7 TO 10 points up.
spots Higher.
Liverpool z 1-2 10 3-84d M.

Of that fact and general demand for spot
cotton on the continent, futures on this side
took q squirt upward.
The openinA was at an advance over yes
terdayA and the close showed New York to
10 points higher and New Orleans Z TO .
points up.
One thing was clearly proven by this sharp
advance. and that was that Mr.. Neill and his
1900, 900 bale estimate are not as popular
on tho other side as they once were The
European consumer is coming around grad
ually to the inevitable belief that the crop
will be by no means as large as he expected
at Rrst and that as a result Of natural con-
dtious prices will be higher the longer they
delay buying. The battle royal between tho
producer and the consumer Is on and II the
farmer does not win he will greatly surprise
a large number OF people
Futures were Arm during tho early part Of
the day and the advance was gradual from
about noon on to the close At no time was
the market below the opening nguro in nddi-
ton to the causes already mentioned the ten
denoy toward higher prices WIS increased by
large buying on the part of Price, Bache
and other large houses. The amount of trad
ing done was larger than 1t has been for
several days.
AS another result OF the good demand for
spots that market was quite firm agd New
York and New Orleans each added i-1Sc.
Houston and Galveston remained unchanged,
Sales at these four markets WIRE H. 1877. which
ID larger than has been reported for some
time past. Liverpool sold l., 600 spots at un-
changed prices
The movement was not large. Houston re-
ceived 12,4s9 bales. against l4,4l9 yesterday.
The estimate for tomorrow is from II 900 to
1900, as compared with 23,239 for 1898 and
1850 for 1897. New Orleans expects to re-
ceive from 1900 to $500 bales tomorrow against
1896 last year and 1l,25s in 1897. Port receipts
were SO. s2s against o. 63 last year. d differ
ence OF PLEA.
January IN New York opened at 1912 aud
closed at 7.4o-n after selling high at 7il and
low at 1Sl. The March opening was 1878
and this delivery hung between li0a7.42 for
two hours OF more, closing at 1.iiai.45, the
high and low selling being done at 7.i5 and
1856. respectively.
March IN New Orleans opened at 7.l2d1,l3,
sold high at 1920, low at I.l2 aud closed at
1.lsd7.2o.
All markets will be closed Saturday in re-
spect TO the memory OF Vice President Ho-
bart.
Concerning the situation the New Orleans
Times Democrat says
With each day of the waning year. the pc
s.ton OF cotton stands cut with more and
more startling distinctness. Tho celebrated
case of Farmer vs.. Spinner is now on trial
In the court Of last resort. The crop est-
mates have had their day, and the utternnues
OF the greatest authorities fall upon the gem
eral ear only In the dim and distant echo
During the month Of December OF last year
a,2i69o6 bales were brought into sight as
against 2,2S2 ~ In October yet December
WAS close third with > III, l52 balas. II the
smaller view of the present years yield be
correct, the deficit must become more and
moro marked, as time wears In that
event, the position OF the European spinner
VIII become extremely critical. rs the whole
tenor OF the Manchester advces pointa ir- I
iesistbly 10 the conclusion that touching |
trust has been placed in the pragmatic Ut
terances OF the leading authorities
we'll posted operator says: "No 90 mot
now hear So mucn about the large invisible
supply, and it Is suspected that This has
been consumed II Is surprising how fast cot
ton is going out Of sight For instance, the
past week there came into sight 1884. 300 and
We, the visible supply of all kinds only in
creased $1,000 bales, showing that spinnors
TOOK 2s2,O0o bales. and yet tho foreign spin
ners are only buying from haud-to mouth
We know that tho English are us far as
possible 'hnycotting' American cotton and
whenever they can. using other kinds in order
to dcpress the market and holp out the mill
cllque, instead OF going ahead and buying
their cottons az they sell their goods Liver
pool rs getting into very serious condition hy
refusing to recognize the facts about this crop.
j eNpect 10 see trouble caused by selling cot
ton and cotton goods short II ~ not uucs-
ton Of speculation advancing the price. The
spinners are the best bulls
Csrslll & Richardson say Of cotton: Evil
IDENTIFY the European spinner has at last for
saken their ll,o0o0 600 god, and are commenc.
ing 10 believe that tho longer they hesitate.
the higher price they will pay for cotton
For the hrst time In weeks We saw a general
demand for spot cotton from continental Eu-
rope today. and even the hard headed Man
CHESTER spinner who has had his back on
Texas all the season, was in evidence In our
markets today. The result Of this good bust.
ness was sharp advance in futures. Liver
pool was exceptionally firm this morning fiji
lures ~ to S-64d up with 1900 taken on
the spot. Our markets opened rather quiet
a about yesterdays close. ruled quiet and
In New York By Mohr. Seidenbere Bache
and Price caused prices TO advance, with
trading on an extensive scale The two for
mer are SAID to be the leaders OF the Germans
ana January was the month purchased. There
Is considerable talk Of manipulation in New
YORK January cotton. Considering the small |
STOCK there mild squeeze might be attempt
ed. provided a good short interest In that
month 70 in the market. The movement was
light. Memphis aud Augusta received 5es6
against $3.50. Should the good demand for |
spot cotton started today be continued for
any length OF time. further advance In the
market Is expected
Fall River special to the New York COM
mercIal says: There ia a dearth OF cloth Of all
kinds in this market. and the mills are prao-
licslly engaged ahead for the next six weeks
Could some OF the expiring contracts be re-
newfd the prices would be an increase of lie
4 yard on fabrics costing less than &c. The
cotton market alone is the serious element In !
The future. There has been an advance of /
,yer 20 pound in the past three months.
While New York spots are quoted at Also
he South that Is ft for use for less than NC |
N advance Of that figure.
Especial TO The Post)
New Orleans November 23.--w II. Bach
Her g. Co. Ltd, say OF cotton: First prices
lere scored slight improvement which was
supplemented by the advancing tendency OF
liverpool at Its close and our market easily
ollowcd that market with a final gain at
he close Of some 8 points on the day. Wide
pIead interest seems to have again de~eloped
n tho cotton option market with the demand
or raF material unaif ted, although south
rn spot markets are holding arm, prompted
" the beiief that further decrease In re-
oIptb Will soon be In order. Private cables
sport from the entire European cotton mar
[eta that trade was .centerinR its attention on
~ bait hsrs ard the crop ideas are fast dis