The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-11
Material DseIIat IVES Shown On Both Sides
Of the Water
SPOTS At HOUSTON REMAIN UNCHANGED
brokers Advise Buying mt Present
Prices-Is Thought that Advance
VIII Not BE Long in Coming.
American futures declined -
points.
Liverpool s-64d down.
Houston Spots unchanged.
Houston. Friday. November 10

% points below yesterdays close and Liver
pool going down 7-s4d. or nearly one-half Q
the advance which has been gradually mad
there during the FIRST seven business days o
the month.
The generally accepted opinion Of trader
is 10 the effect that the decline Is directi!
due TO the complications brought about b.
the sensational advance Of Wednesday, an,
It Is firmly believed that the top prices reached
on that advance will again adorn the fu,ur,
boards before many more days.
The high prices OF Wednesday undouht
eddy had the effect OF causing a great dea
Of spot cotton to be put on the market anc
in many cases IL is thought that large trad
ers hedsed on futures. thus forcing that mar
kct down to ,oday's closing figures. AZ wai
stated in The Pos, Of THURSDAY. there was
very heavy buying 10 the interior as a result
Of the advance and the explanation outlined
above seems 10 ne a perfectly logical one
under the circumstances.
Brokers are advising their customers to
buy at present prices, thus indicating how
they view the matter.
Toasy's spot markets were generally quiet
ard declines vera shown At an points except
A. Houston. Ehirh remained unchanged not
withstsndinz the condition al futures. New
York New Orleans and Galveston each de-
oined &c and Liverpool made revision,
which lowered Yesterdays prices. Sales Of
spot cotton or the English market vere L.
IN bales. bu, there zas not great deal Do
inr in that hoe IN This side Galveston and
NeT York reported no sales. nhils 10 Hous-
ton "a bales changed hands ard in New
Orleans a450 bales vere sol9.
The movement is practically IN the same
condition as before Receipts At Houston arr
s w 80 ,V''. 'e,ns i-,1'a
-. wv - M
eo,,.s,., a..s ' COW
:, I,2 :, ,s.- -. ss iYf 'a'1 EFaf ann
400 .a.,1... 80. -a5o 4p''.'S ~ J"
- az ,sa. I'm 'Y', " '''' oa'fS against
-, -, .l- 80 'He oIe''ous fea''
i"ih "pehfn ~ only slight decline
Nnger yesterday = close ard for 4 time N
looked az ~ vasterdav's ioss yoivb, be 70
ballad . 49, 49,.
th'Ne'' an az a"sshee OF ABOUT points was
SHOWN shortly after tho opening. by this
tine however the effects NJ the heev,, t-sa
i- . - a., -
~. )" tp"h 'Hu 'hs CONSEQUENT hedsing IN
MAXI themselves evident and from tbar a.,
,sa egu,s. ,r.a,,,,,,. $3.50. ~.
49,. s,npi'et uhui
Inc close January IN the New York market
opened at 7.47-4s closed at 7. % 30 after sell
Inc htyh =, -so a,a - 20 ~ -.
orcnad AZ - ~ LA h,sh :, 1n ao.'o'.
t."'' az '''i-'@' ao'u n'sn at ''"S' low AT
~ and closed at 7.Si-75
January Ia SeU orleanz onsnea \, 9z.s4
: 'u1'u'' amer having SOLD hiSh
o. ~ ana Inw ~ N'z
The government report. in which an est
mate Of $4,000 haie5 for the total crop was
nla9e- WIS received Mt the lofal exchange this
morning. II 10 not generally believed 10 have
hsa any enect on the market
t..,.. t.. t-,
N, "'' pNe''u HHueF on ihe
"aiEes'oH exchange contains the following
THE market looks 10 me 10 he In safe post- (
tim and ve,y stror, dos,,,o 49,, ~, 49,.
''9P''" '"e ois "h'alSo-
"'"'1 {" f"u Hohs the ago inst ny ldea
vab the crop would be o60)9oo Since tho (
frost am inclined In Tho b.ltes ,b., o tfst o.,n
VIII b. about rirht The ,novn,1snt ,,d ~
psrt yeoeipts Indicate rof, "a mail 81 ~ -.
sImost afraid 70 mi "a out Tho ,r,or1, tci@
IN the interior Ia grossIe oversst ir,,ste5 ~
fssest, for his h tbst AZ - - ~
earlier tbsu afv rron an yse,rd ,, a? o. 80,
50 an az The points o. concC ntration S, s'ri
cotton - there Is yet 70 be MARKETED n TO he
Feen II Ia not IN the dei5s az n vss W. w.
former YEAR, vas III
. eIpett no serlons qefbarl ,,ntit af,o- a..
;5ta q this month We viii, believe gel TO to
the crest - ,his uDturo ahniit ,be tttb erhao
sspse; q good del Of bsekine and aiiine mn
ili iha hoiidsyx s,.er when You can ,Sok h
'ce s-Gent rnttHf
TAKE so0Is ADVICE and do No, col, ,ht,
-F&rkft shert were going IN baye nj, i in,
8 sszEsH agd sell hsye big nrlees onSI, re,,
esgSn 40" 100
(sr,eniat IN rha poa,,
Kew YORK Eoyennber III = Atwooa yyto,o,,
. NJ. -, =, ,...a,. ''sS
- |"seon.
sD4&y proved Waterloo for the bull side
8 fDsfraets After the publication of INV
-, ,.se.-s estimate n, ,ro, ~ 40 80,
. 4 es.s.S. sp,i y. o'op a. - CLOCK,
Z Fr's',Ve" Dh'es prices went on sharply and
- remaining three hours OF the session re-
egced continual and heavy selling out by
aazz. We hardly think that spot holders
, mo south Will give their cotton away be-
-sai, nor because OF extreme recessions in
80 rn mere, AZ Liverpool and New Or
eads more the course Of nirac en',s r ce
.efs than perhaps any other one feature. The
brought into sigh, to date since the
~. IN rnund d n las. ma nss ood been sss5ooo
slis date last Year The nosi, usn ' nv 20
1gfh from a spot noint of y,ea, ,s , W e,ra .na
re- or a weak one aeeord,ny to VIZ M
Jay DO with the balance M Re u,saId .nuy
serpool will donbtIess ba insa,. ~, s,op,
rd perhaps conrdcrahiv ,rn nha Vo ,,
rs market shall rcfeci ,nr,han 1871
neTe viii depend 4 ereat deai 49,, ueVaino
sren weak long Interest there ,,a apJn nov, nov
!, eoatrarta h,,s =. ~ 80, saese may pc here
: s~ry Iaraelv vay.~ras sa ~ before, we shnil
ray 10 with ibejr s,ot boSn waa, ra me sou,n