The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-10-15
II COTTON MARKETS
|sl Information from the Leading
|Exchsuses Of the wsrId.
MARKETS WERE ADVANCED
Ter liverpool Market Was the
be and Came ~ = Surprise
= Both Bulls ana Bears.
onioe a. me Post.

Office OF Tho Post,
Houston, Saturday, October IA.
Dol sent over another surprise to-
e American spectators had pre-
smselvss for break In the mar
FULLY expected ct the opening that
build b much lower than yester-
they were agtonished when the
cables came in saying that mar
and advancing. closing 8 points
esult OF this bullish movement by
Iners, the bulls on this side took
Ind at the opening Of the home
prices were marked up some 8
ther than yesterdays close. Lat
er, on profit taking by bugs and
ling by Liverpool in New York,
of 4 points was had, the close
bints to the good over the price
of yesterday.
bis advance was made on buy
MINERS on contracts. They seem
clined to do this than pay the stiff
(which spot cotton Is being held,
W Attempt to hold out awaiting for
y tf1ees.
66ipks continue to run below last sea-
Houston expects Monday $4,000 to
vi compared with 2S,446 last year,
Nov Orleans $4,000 to $4,000 as
~ Il, 410. For thirty lone interior
. feceipts for the week showed 293,s
nj 365, 74S last year, while stocks at
kpwns are $4,000 larger than for
n1pgtime last season.
VI HSre made in Houston today that
s would be worth cents III New York
II Ctristmas for some month, no par
hDnth being specified.
|11Df. l.. j. Polk, general manager OF
&x1{ Colorado and Santa Fe railroad,
lk the greater portion of the month
G3YpRd. Concerning the cotton crop
% Hot think Texas and the Territories
6SE& more than 2,450, 600 bales, " that
LS have seen field after field already
q entirely clean, not bit Of cotton
hthem. This is but the first half of
IN The same fields last year were
unkll nearly Christmas"
ufoN spots closed steady and I'M
Ia Galveston quiet and unchanged.
Wfltans steady and unchanged. New
&(let, 1-16 up. Liverpool firm, 1-32d
MOL futures opened quiet and
10 2 points higher and and closed
4 a. l..a - ;,a|
AQ of to 8 points as compared
43t rday's close.
Jeans opened steady at an ad-
W to points and closed steady,
t 10 points unchanged to to .
E<Fer than Yesterdays close.
a. fk opened firm to 10 points UP.
steady, October point, No
id December 6 points. and other
to points Off, a net gain as
with yesterdays close OF about
Richardson say of cotton: 1t
Expected that usually happens,
more than true in the cotton
y asst night brokers saw big
1 e longs staring them in the
faHsd for biz margins, to be
Or the N hlsdterlng the bulls
)eive, and today they are feeling
{ashamed for allowing them
c become frightened. Liverpool
he rescue OF the market, adj
c Mid on buying by spinners and
tfk Liverpool straddlers; spots
k<6hr, sales 5000 The former finds
|. are too firmly held to permit
. IH@1sS and prefers taking on con-
: n hiding his time for his sup
II{fe the speculator sees in the
. H1{fwar chance for New York
&&fTfo l to widen TO so or 100 points.
6QtF vas moderate seller in New
ffG}oSt purchases at home. A fire
okj&3 consumed 1900 bales of cot
~ dtimulated covering. Receipts
SW69k at thirtyone interior towns
&4&99 against sb5,7dS last year,
Iot6Rl4, S74 against 277,lS last
he{6eks at these towns are 123.500
st&3& last year, which shows that
So{f6o Is being held. Memphis and
. af&pcrt 1888 bales against 1922 last
J U9t1nates at Houston and New Or
WC02}esS than last year.
s6okf6n market reminds one of the
1 fS&x6nnn the great. All eyes look
bond and expect Liverpool to
" I'm. The cotton magician puts
~ Trims sleeve and out comes 3 up.
SG6@Hork brokers come down town In
MD Rambling. look at their sheets
f(k long cotton bought by the
3In6d prepare themselves for 20
6S6f1ight break. and the market
WI All this goes to show that
hitch usually affect the market
Sbthing, and that the Southern
n 1ch is much discussed sub
]. bkfa factor IN governing prices
f. INT.
pecial to The Post.)
XXTE October 14.-Atwood Violet
h'i1E ~ cotton: The amusing feature
y 1>6n market Is that while for
S and exporters are buying
I E608 heavily and at quotations
,oasI& 1gher than the Liverpool OF
v6nf91 market. Liverpool dropped
u1pdt Rotations yesterday (although
~ kem today, believing the
NJ G{Hf1 not SEQ through this incon-
~ Tie absurdity of estimates of
10 imum Is seen by the follow
rs 9th instant, there has come
v 900 bales less cotton. ac-
z ~ ecretary Hester, from Sep
than during Same period in
f11h1 he crop was about S,75o,o00
fore. to equal Neill's ridicu-
Sthere must come into sight
~ instant to August 81 next.
NJ more than came into sight
~ IS, 1895. to August 81. 1897,
more to make the crop TO-