The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-12

Following is a comment from New or
leans house:
"Bureaus estimate is bearishly construed
because from experience the trade has Learned
that the government always underestimate
the crop from lU 10 Il per cent; therefore, thi
estimate Is Interpreted 90 indicating cfot
of about II, 600, ono bales. Last year the bureau
in November said: The indications point &c
total cotton crop not fal short of l0U01,00t
bales. The ou,turn or growth last year wai
ii, 10000, and the commercial crop marketed
was 11,a7l,00e."
we'll known bull discusses the matter of
America following Liverpool prices in the
following interesting manner:
The estimated consumption of American
cotton this season In America, North aud
South Including Mexico and Canada may be
put Mt 100000 bales: the continent Japan
and China, $500 .0DU Great Britain 3.400 GOA;
grand totnl ll,300.G00 bales From thls Il
VIII DO seen that America consumes more
cotton than any Other country. Hence
America should control the price instead OF
allowing Liverpool TO set the price, as here
tofore.
THE bulls estimate that out of the present
stock of cotton in the world at least 500, %
bales are of Inferior quality. and only lit for
paper stock. The receipts at the ports last
week were smaller than In any year for the
past twelve years at the corresponding date.
Livcrpools refusal TO buy spot cotton at rul-
ing prices In America viii result in America
and the continent getting the bulk Of this
CROP, winch VIII give Liverpool u small stock.
If the crop does not exceed 9,d00,00 bales
Liverpool may easily advance TO ID and pos
sihiy cd for middling.'
Cargill & Richardson say Of cotton:
Liverpool followed our define of yesterday.
deliveries being to 4i4-6iths down. spots X.
sales 5000 This gave us weak opening: IL
oxidation Vt long cotton. the feature yes
terday. continuing this morning on I'm ex-
teusye scale. Tho weakness Sas short lived.
noweyer. prices advancing quickly under new
buying, NcFadden getting credit for a largo
share. The movement has commenced to
show some increase. mort receipts about IS per
cent Of last year. estimates AT Houston and
New Orleans 5000, against a20o1 last year.
Memphis and Augusta received rs much as
last year. The weekly receipts at thlrty-onc
interior towns were 27S,1ol. AGAINST 1914
stocks $1,000 larger than same time year
ago. The visible supply increased 10 900 bales
during tho week. same now being sos 00p
bales less than the same week in 1898. The
cleaned the market of considerable cotton
beth spots and futures. The former was sold
by the interior freely At top prices. and the
margins We will certainly see during the
next TWO weeks a considerable increase in
the movement, but we believe that with few
exceptions thia cotton has been taken care
Of we will likely 20 into very light move
ment again. The market shows considerable
tirmnesa at the decline.
Especial to The Post.)
New York, November lis. Mum. Son q
-. gay OF cotton:
Cotton opened easy, 4 to points lower ,in-
der renewal Of liauidatiop and unsatisfactory
cables. After easing OF points further.
market advanced sharply ON rush OF shorts
steady al points net advance Tor The d mss
Liverpool closed quiet, but steady. to
points net decline. spot sales 5000 bales al
Va lover. Rumors around opening OF easier
init IN