The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-22
COTTON RECLAIMED LOSS,
Yesterdays Close I to 6 Points Higher
Thsn Mondays.
HOUSTON SPOTS ARE LIS CENT HIGHEF
Estimate or Large Receipts for To-
day weakened Market EarIy-Liv-
erpool WINS Good.
Failures 4 to o points higher.
Houston spots 1-f0c Higher.
Liverpool 1 1-2-64d down.
Office of The Post.

Office OF The Post,
Houston. Tuesday, November FL.
Estimates Of unusually large receipts OF cot
ton at Houston and New Orleans weakened
the market early today. but all of the loss
and more was reganed before the close.
Home futures opened at an advance of to
points on good Liverpool cables. but the
estimated receipts lust mentioned. which were
1850. against 5000 last year. got In their
work early and prices soon went Gown as far
rs points below the opening, the tendency
toward weakness being added to by expccta-
ton OF an increase in the semi-weekly in
terror movement statement, to be posted to-
morrow. After declining to the limit referred
to. however signs Of strength were mani
tested and the range was upward after that
until the close. The final figures showed New
York to 5 points higher and New Orleans 3
10 6 points up.
Liverpool closed 1ia-6ld lower than yester
day. Spots in that market were in increased
demand and 10000 bales were sold at prices
generally in buyers favor
Home spots retained the strength which has
formed such an important feature OF the
situation for some time past. Houston ad-
vauced 1-16c, making the price of middling
Z slice. but all of the other markets we're
unchanged save New Orleans which revised
prices by adding lac to low ordinary. ordinary
and coed ordinary. ard 1-ldc to low middling.
These advances on low grade are beginning
10 be quite frequent.
One feature 10 todays market vas afford
ed by the food Of bearish reports sent out
frtm various parts OF the country. One of
these was to the eject that MIR. Patten had
Just retrrred from abroad thoroughly i'm
bued with bear ideas. This. It was claimed,
helped TO weaken the market early in the day
a Montgomery dispatch was 20 the effect that
holders spots were strong aud hut little az
fected by the decline in futures Mobile
came out straight from the shoulder and
without trace Of emotion declaredNthat q
rer cent more OF the staple was being held
this year than last. Memphis was In line
with advices to the effect that more cotton
was being held in congresses than last year
and that some interior towns which held none
at all last year were holding heavily now
Further, it was eravely assorted that country
merchants wers loaded down with spots In
addition to carrying their limit Of futures
The fine Italian hand of the bear was IN
evidence in all.
And thus the merry war goes on toward the
o
such nature as to lead almost as straight
as die TO the oninion that the orop will
not exceed 100000 bales by many thousands.
and vet there ara many who firmly believe
that that the figures will be as high ms 10, ESQ.,
oo0, to say nothing Of Mr. Nell ard his much
" condemned estimate OF 1000, eco The
oldest operators IN the business say they have
10 recollection of time when such widely
varying estimates were made
Receipts at all ports since September are
261S.o76. against s,723.iI2 in 1895 8.4lo ass In
1897 and 5.2al777 IN 1885. stock ut all norts
tonight were l,oo5os2. as compared with l.
227a51 last wear and 9ai S12 n 1897.
The movement SO far as this immediate
action is concerned IS developing some sur
nrises. Local receipts TODAY we're q So bales.
against 524 $50 last year and the estimate
for tomorrow IS from 1sooo 70 T. .0D1. against
ll.i7s last wear and 1922 in 1897 New orleans
sSpects from 5000 to 1900 bales tomorrow.
IS compared with 1fos4 in 1875 and SCI for
he previous wear Port receipts were very
frht and receipts at some al tho LEADING in
terror towns were not heavy.
March in New Orleans opened at 7.o7-oS
md closed at 7,ll-12 after selling high at
IL and low at 7,04 March in this market
S now quoted on the local exchange instead
OF January.
In New York January opened at 1850.
sold high at 49, low at 7 %, aud closed at
7.Sl-32 The opening on March was Z 1856
and the close at 1861 the high and low
selling being done at 7S7 and 7.3l. respec
lively.
Hubbard Bros. were reported to be large
sellers during the day.
Another bull opinion regarding the matter
of the crop and the consumption:
In Ellison's annual circular. the consunp-
ton of American cotton is estimated at
10 $4,000 bales against 1857. goo bales the
past season. Mr.. Ellison follows this with
statement that the October consumption In
Great Britain is 1000 bales greater weekly
than last year, and the consumption Oh
The ccntirent 200 bales greater weekly
than last year. On this basis the consump-
ton OF Europe will be 100000 bales greater
than last year. II is estimated that the
consumption will be increased $4,000 bales
in the South. 10000 bales In New England
which. added 10 the consumption of last sea-
son. lo,6I1 900 bales. would make total con-
sumption of ll,47T,00o bales American cotton.
AS soon as the world begins TO realize we
are approaching time OF very great scarcity.
there VIII be such scramble TO buy cot
ton as we have not Witnessed since the me-
nlorable bull year of 1879.
MI. Ellison shows that spinners in Great
Britain only hold $1,000 bales OF cotton; less
than four days consumption. These spin
ners are certainly standing by Neil and risk
Ing all on his estimate OF II. 100000 bales All
that Is necessary for the bulls to win in this
fight against NELL. McFadden and the Ger
mans is for the Southern spot holders to re-
main hrm and all exercise little patience.
A bet Of $1,000. even money. has been made
on the New York cotton exchange that the
extreme bull estimate OF $780, COO will prove
100000 bales too low.
Cargill q Richardson say OF cotton:
The professional cotton bear Is doing lots
Of missionary work in his attempts to start
liquidation Of long cotton. but his efforts SO
far have not been successful. Prices will
ease on a few points with every one looking
for a sharp decline when some unknown in
fiuence will come IN and put the market ,p.
New York this morning: Liverpool selling
They sell US because they believe the large
long interest here Will sooner or later cause
liquidation aud lower prices.
Liverpool this morning, but under large es-
Orleans weakened. selling points lower than
the close, last prices being about points
movement 10 expected TO show larger re-
ceipts than last year. when posted tomorrow.
which added TO the weakness. Port receipts
uorv 1fuht oorn m ativalv lnc~T tL...