The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-09
New York futures mp ~ to 20
points.
New Orleans futures az to rs points
higher.
Houston spots advanced Use.
Office OF The Post.

Houston. Wednesday November s.
The anticipated big bulge in the cotton
msrke. occurred today and prices went
steward at a rate which was extremely
satisfactory to the people who are long
on the staple.
Houston spots went up 1-sc. the condi-
tons not being such as TO warrant the ad-
vance OF 3-l6c which seemed likely early
in the day. Middling is now quoted at
2 7-isc and houston is again the highest
spot market in the country outside of
New York.
Liverpool spots we're Lid up and flu
lures on thar market closed at an advance
OF 2-s4d to s-1sd.
The most noticeable advance and the
one which was productive of the most
results. was in tho price Of futures 90 the
home markets which followed Llyerpooia
rise OF yesterday in an unusually strong
manner,
New York closed from IS 10 20 points
up while in New Orleans the close was at
an advance of from % to % points.
The boom in prices brought about
large increase in trading. as was to be
expected under the circumstances and. Of
course, resulted in no end OF speculation
among the trade as to what the conse-
quences will be.
It is very generally believed that the
top prices now quoted will result in a
largely increased movement. This appears
to DO perfectly logical conclusion under
the existing circumstances and yet there
are those who insist that very little cot
ton is being held and that the bulge will
not materially affect the movement
However that may be 1t is a significant
fact that practically all of the big brokers
are advising their customers TO take the
present profits and not walt until later
when everyone will want to sell at once,
with the inevitable result OF forcing the
market down. Most of the brokers in
question believe firmly that the high
prices of today Will bring about largely
increased receipts.
Very heavy buying was reported from
the interior and while nothing in the
shape OF accurate figures can be obtained
the news is regarded as another strong
indication OF a heavier movement. one
gentlemen said on the floor of the Hous-
ton exchange that he had been old that
farmers in the interior were so busy pick
ing the rear end of the crop that thoy
could lind no time to take their cotton to
market. but that they were selling It by
sample. This is such an extreme view
Of the matter that 1t can only DO credited
b. the bears II anyone.
report was current during the day
TO the effect that II. & b. Beer were very
large buyers on the Liverpool market but
New York advices denied the reports and
attributed them TO the fact that In Liver
pool there are a great many firms by the
name OF Beer.
1t is the generally accepted opinion that
Liverpool is at least beginning to real
ize that there are Others" The predic-
tions Of Buston and Kenna bid fair to be
fully realized and from all appearances
Mr. Nei1 will not be in very good favor
with his foreign friends when the finish
comes.
The advance at Liverpool has been rcgu-
lar and steady ever since the first of the
present month and this in itself is an in
dication that the trade over there is waxing
up to the situation. As showing just what
these advances have been the following
table 10 printed:
November I. futures up 1ls-64ths.
November 2. futures up ls-64ths.
November 8. futures UP 21s-64ths.
November 1 futures up 1-64th.
November s. futures up :-s4ths.
November Z. futures up Az s4ths.
November 8. futures up 3-64ths.
This, 1t will be seen. shows a total OF
15-64ths advance thus far this month.
Houstcn's receipts today were l1,776
bales as compared with 2o.bsl bales for
yesterday and 1867 bales as against 22.-
7ss for last year. The estimate for to-
morrow Is from 1900 TO 1900 bales as
against e2.7ss bales in 1895 and 1886 bales
in 1897. New Orleans expects from 5000 to
1000 bales. Her receipts on the same day
last year were 1887 bales and on the same
day in 1897 they were 22.lso.
January In New York opened at 75l-5,
and closed 1t 1890 after selling high al
TO and low 1t lbs. The March opening
vas stxSe-Ss. the high selling at 1854. the
low - y:k2 ard the close AZ 7.6s-
= NJ Orleans the Opening on Janu-
~ ~ 7Si-t3 and the close at 1888.