The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-10
STEADY
Decline 10 American Futures Less Than
tisIf Of Wednesdays Advance.
HOUSTON SPOTS ANOTHER I.Isc HIGHER
New York the only Spot Market
which showed a DecIine-Liver-
pool Up Two Points.
American futures o points down.
Liverpool advanced points.
Houston spots 1-16c up.
ofhcc OF The POST,
Houston. Thursday. November ..

Office OF The Post,
Houston. Thursday. November ..
Everything considered. todny's market was
a remarkable one OF course 1t did not con-
tain so many features OF extreme interest as
did that Of Yesterday. but II was unusual In
more ways than one.
The break in futures. which was almost in
evitabie after Yesterdays bulge. was by no
means as marked as might have been expected
under the circumstances New York opened
at a decline OF only about points under
yesterdays close and closed 10 additional
points lower, making a total decline OF about
points. New Orleans close was also
points under that OF yesterday,
Liverpool, which has been climbing steadily
for several days past, reflected the feeling on
the other side OF the water by advancing fu-
lures points In an attempt TO keep up with
tho game.
Cotton for August September delivery on
that market is now quoted at 4 02d ana all
othsr months are above that figure, the high
est price being ~ -o9d for November. Spots
in Liverpool were unchanged and In good
demand sales being Is 600 bales.
The difference in the price Of futures and
spots, which has already been sufficiently
marked to excite comment Is now even
greater than before, as spots in all home
markets, except New York. were advanced,
This fact. in view oil the decline in futures.
ELECTED considerable interested comment and
for once the prophets mad little to say as 10
what was to be expected tomorrow Leaving
tho advance on spots out OF the question.
however, II seems that futures did extremely
Al. II.
words. II Is better for all concerned 10 have
a break of d few points today and another
advance. even though 1t Is net a marked one.
tomorrow, rather than to have the market,
after the flight It took yesterday. 80 wild
today There is very little doubt that the
TOP price reached yesterday viii he rorained
socn In this event It Is more than likely
thst there will be very large amount Of
proit-taltinE and that in this way the rush
viii be avoided II today's loss is made 40
there is 7 doubt that the brokers will again
advise their customers. as key did yesterday,
to sell az once instead Of waiting untl every
body is Of the same opinion
There was no material change ia tho move
ment today and the sales Of spot cotton wero
small, New Orleans spots however. wcra
in good demand and 1850 bales changed hands
there during the day.
The Increased movement which is expected
as result of yesterdays bulge. will, OF
course, not be in evidence for day or two
yet. There are some who believe that It
will not come at all. but they are in seem
ingly hopeless minority The general opinion
IS that the staple is being held and that the
high prices will bring 1t out.
Houston spots advanced l-l6c today while
Galveston and New Orleans each went I'd
&c and New York declined 1-16c. Spot cotton
Is NV TV'''fis - nrines whiei.- ----ssso ---.-
cent higher than tioso prevailing last year.
New Orleans futures were somewhat woal,
until the matter OF spot prices was estab-
iIshed when nm advance was mada. Tho
January option in that market opened at
1872, sold high at 7.S5, low az 7.1S and
closed at 1894,
Now York5 opening was somewhat caster
but buying on the part Of shorts and for the
continent brought prices up january cotton
opened ut 1861. and closed at 750-5I, the
high selling being done at 100 and the low
at 7,45. Cotton for March delivery oponed
at 7.62-63, sold high at 7,6T, and low Mt 7.5o
and closed at 754-55.
The estimate of receipts at Houston for
tomorrow is from 1900 to 1000 bales AS
compared with 1850 bales last year and
"a e2t bales In 1907 For Non, or,.,. 49,,
$50. " 80 -" N''p'nS INC
nsuFes are from iz'Voo TO 1000 bales, includ-
Ing 1000 that were doubtful this morning.
against lls, 612 in 1898 and oo2s for the nrev,ous
yegr ''N''o''
'Na.'
The government will issue report tonor-
row in which an estimate of the crop is ex-
pected to be included. The matter OF whether
pr not II Will influence prices TO any appre-
tba n, zen, aepenus largely on the size Of
A. showing 81" somotbihne -, tho arorrt o,
speculative dealings being carried on AT prcs-
ent II may be stated that a local arm has
distributed $4,000 in profits to Texas patron,
pm this class OF business alone since the new
season opened.
-
A Savannah special to the New York Com.
mercial SAYS:
mo eop stop'i OF cotton, that deceptive
crown when sometimes pans out, but lust
This ieealitv this his ' v as very heavy IN
terror towns are also Iarge Towns that do
not receive more than 10000 bales season
alo iepoThhg as much as 10000 stilI In the
warehouses, Tho interior consumption by
local miiis Is about the heaviest ever known
rms Is one view I'm movement is abncr-
maily light. but several leasons are assigned
- .ne ,Npss'a'en OF the crop ne
ins mucb snort OF last season. First. holding
psch " many farmers ana ususnal holdings
py speoniators. second, exporers practically
sustaining from onying. hence cotton is not
MOVING 70 toe ports: Third. that in conse-