The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-06
in The COTTON MARKETS
Statistical Information Of the Leading Ex-
changes Of the United States.
LIVERPOOL CABLES VERY ENCOURAGING.
Futures aud Spots Higher. with Good
Advnnce-Wcekly statistics.
Once Of The post,

The good demand for spots in Liverpool and
the scarcity Of the better grades on this side
had stimulating effect Europe has been
rather bearish for some time, and Il is an en-
oourssing feature to see strength developing
oil that side Of the water.
Reports from the Atlantic coast States are
to the effect that much seed has rotted in the
ground and that 1t is almost impossible to
procure seed for replanting
The general prediction is that the coming
crop will be a short one So all things CON
sidered, the situation is decidedly in favor of
bun campaign The bureau report next
week is expected to he decidedly buIish, but
with this forecast already taken into con-
s'oeraton Il is more than probable that when
II Is Issued IL will have been fully discounted
By the professionals.
Speculation was very dull today, but the
feeling was rather one Of confidence, as shown
by the course OF prices.
Liverpool advanced spots 1-32d aud New
York l-l6ci New Orleans reduced the lower
grades be and advanced the better ones isc.
Futures In Liverpool showed an ad vance OF
Ia--s4a2-s4d New York closed to ) points
" and New Orleans to points higher. the
near months scoring the biggest advance.
elsewhere Hester's statistical review gives
81 analysis of the crop movement.
Houston expects tomorrow 800 to 1000 bales
against Sse last year and i2s in 1895.
New Orleans expects $500 to 1000 against
2f,e last year and 22s5 in 1895.
Cargiil a Richardson say Of today's mar
kets: The Liverpool cotton market, which
closed 1hs4d2-6ld higher for futures. -a2d
for spots and 10000 sold. rather awakened the
operators in our markets TO the fact that the
dismal reports being sent to Europe are being
needed. and, with the fine trade prevailing
there. spinners are taking no chances on be-
iaS short on raw cotton, futures or manuiac-
tured goods. Buying orders were sent 10 New
ffrk by Liverpool for the winter months
which gave that market a firm tone and ONLY
the absence Of general speculation prevented
US from scoring quite an advance McIntira
g. MardweH. one Of the largest houses in New
YORK were buying on a liberal scale 'rue
bureau report on the 10th will undoubtedly be
publish, and this Is causing some shorts 10
cover. Rams were general over the old States
while Texas enjoyed IDEAL weather ono of
our largest buyers has Iust returned from n
Trip over Central and North Texas and reports
az excellent stand. with apparently no de-
crease in acreage
Gsorgiana Ala, wires as foilows. ou.,or
loruon OF crop planted and coming up: only
inferior stand expected owing to damaged
seed. Many acres can not be planted on ao-
count OF no available seed D" Were there any
snort interests Of consequence in the markets
We would be led to believe that cotton ,,ouId
ADVANCE sharply, but any attempts TO adj
vance prices materially viii FIRST have 10 take
care OF load OF long cotton which is tired
ana VIII attempt to unload with higher prices
New York. May SIS Mum Son & Co. saw
OF cotton; The market opened steady at TO
points advance on favorable cables and
Increased spot sales, ruled firm Though rather
MaouNe because of scarcity OF sellers. and
closed steady-May 5 S5G5 Sc, August 5qg DE-
toher $50. January 6.016f602
Reports from planters continued to show
oeeIesse ~ acreage OF from 10 to 30 per
per cent ' '' " ~
Many planters are turning their attention
y raising corn especially In Texas and
arguing from the standpolnts OF supply and
demand and widespread dissatisfaetion
snInugnof the South with present low prices
we can oily believe the market will take an
gpSard course, and W. advise purchases on