The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-29
LIVERPOOL At HIGHEST POINT.
Bull Feeling Is Even More Pronounced
Than Ever Before.
EUROPEAN CONSUMERS yISIBLY ALARMED
stravvs show which Way the Wind
IL Blowing There-Movemcnt IL
still Very Light.
Futures 8 TO ~ points higher.
Houston spots Bloc up.
Liverpool 2 to 3-d4d up.
Office OF The Post,

Office Of The Post
Houston, Thursday, December ~.
The figures tell tho story OF today's cotton
markets.
The stapls was in a position TO 20 higher
naturally even II Liverpool. which is the
point on which all eyce are fixed at present,
had not proven Unexpectedly good. After
tho b-6&d advance OF yesterday 1t was ex-
pected the other side would ROMAN about
stationary today. but the enrly cables showed
that oven moro strength was being manifested
over thore and tho home markets opened at
an advance OF from TO 6 points. Tho
Liverpool close was 10 3h-64d higher than
yesterday, with 1-32d added to the price Of
spots.
The impetus given by this good news was
permanent and aided by considerable buying
both at home and abroad, had the effect OF
causing prices on this side to go gradually
higher and 70 close at tho best OF the day.
Only Gree. ehortly after the opening, was
there any wealnesa shown and then the
chalk marks only indicated decline OF
about point under the opening Tho close
IN New York at an advance OF to u
points and New orleans wns to IL points
higher Sthan yesterday.
Spots which have remained practically
stationary; notw! hstsndlng the naterlal gains
made by futures during tho last three daya,
followed tho natural trend OF the market
today and went UP. The largest increase
at Houston. prices here having been
made S-l8r higher Galveston was l-i6c up
aud New York and New Orleans were each
lac higher. Hou>son is now the highest mar
kct in this section todays prices being &c
above the Galveston scale The business
done AT the advanced prices was larger than
has been usual for some time past. the heav-
lest sales being reported from New York and
New Orleans. The people in the interior.
however by no means fell over each other
tn their efforts to sell. and II Is plain from
the position they have assumed that their
belief in still higher prices for the staple
is as strong as ever. However. the offerings
today we're freer. RS n result of the advance.
The movement continues TO be almost SEN
retonally bullish end It would appear that
tho bears really have but little ground lat
on which to stand. story went tho rounds
during the day that Liverpool alarmed by
the situation az II exists Mt present. md
WIN only stock OF American cotton on
hSud suihciens 10 InBt but few short
"eekS at the most was contemplating chang
ING she basis OF cotton deliverable on con-
tracts from low middline TO good ordinary
1he only cotton In Liverpool which is avail |
sue IN 'fis connection is that which comes |
hch America and thi atock now on hand la |
80 sinsu as 70 carry CONSERVATION t, tho |
eilhners VINO hive hren rclyins % Mr. Neill's |
'F'ohHFN DIG crop to get them out OF the |
pu'Sr1'tH INTO which they have been led
'''e WEE only IN III" natnre Of rumor and |
20 iN u racks dehnite confirmation hut
uHt such story should gain currency ia
strongly Indicative Of the conditions or,s,-
ing on tho o6her side
Receipts NJ Houston verc h,, ro-. -,
A'u tne est'hate for tomorrow 10 from 1000
To 1000. against H. 700 last year and asia the
"so for New Orleans the estimate is
fbH TO 55oo ms compared with II 7a2 IN 1900
ana |o4s IN 1895 Receipts at the ports and
rho Interior towna were also very small as
the figures will show.
buiiish sentiment is now more pronounced
'hSn az any time since tho begin
h'ng OF the season. II would appear tho,
e'o onN tn'ngs tho Southern planter needs
no" 10 win out in his fight against thu COR,
u'r ara patience and caution. There seems
10 be no houbt whatever that price, Will 90
-. Usher. III view oil the extraordinarily
strong statistical position but IL should ho
pn
up 40 not come down, and that wbile vaIuss
my continue TO Increase there will be tenn
p"fary periods of depression which sbo,,a
,o' 10 o'~iooked IN summing up the situa- /
ton. All OF the conservative houses ara civ ,
Ing advice along these lines ana q, a.. q
usnt OF past experiences 1t would seem that a
II carefully followed. this Same aayice n,u, Y
'esui. IN grand and glorious victory for I
me farmer in his fight against tho anime. :.
: ne pears can not hold out much longer IN L
the face OF tho torri6c force of IN. ,,.h. "A
movement and tho other features which ipdI. h
cate a small crop and IL will nor h. ,on,, n
poiore they are made to realize this fact II
which will probably be no less na,pr,, ,h.
!, - convincing. The highest month In Liy.
'rpooi is now above the highest mark or t,s
eason and II still further advances are No, h
made there will be great many ,urnr,s.a b
'eople on this side of the water. a
March cotton In New Orleans opened :, 1
WI and closed at 1861. after selling b,
Ugh at 7.2s and low at 7.2o. In New yors al
larch opened at 7.is-44. sold high at 7.4o ~
W. at ~ and closed at 7.4S..s. NAV onened Ii
7,1s-bo and closed at 7.6s-b7. thu high and
w selling being done at 7,s7 and 7.4s ro.
!. y. Glenny & Co. OF New Orleans saw: N,
We consider Liverpool now the principal or
aeS usually strong bear argument would ."
tho lack OF takings OF actual cotton by =.
. other side. but It has now gotten TO n ar
INT where 1t may exert an opposite enact OR
the market has held without the assist vi
go OF English buying, which, at ordinary
pcs has been indispensable. but tho con- VA
,, lack q which at present. In cur. fol
ing imports, Is making serious inroads Ho
o tho Liverpool supplies. The whereabonts Int
s ,lie nIg CROP are stu unexplained. II Is Ga
.sonapie 70 believe that the lack " export Te,
resulted In some accumulation. but This fIo
been dns, i 4 exists. to strong faith Gu
~ prpduct, which surpasses what tIe SaI
lth has aver shown before and which Mis-
~ 3, s,anoins nr,u e I has done through !
futurfs would Indicate some reason for
e 2. srcn belief and, under any. circum- S
2 2 had Rfyer .been acknowledged. NY s-'
fhllP not dfparfink in the least from onr
q ~ a0ie opinion Of the market our recent Low