The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-10

incrsasc will be seen shortly. Estimates to-
| day AZ Houston and New Orleans compara-
lively heavier, about two-thirds OF last year:
port receipts less than half. Memphis and
| Augusta received $685.. against S0l6 last year.
Tomorrow at II O'Clock tour time,. the gov
eminent will issue report In which they
are expected TO give an estimate OF the cot
ton crop. 1t Is not likely ina, y WIZ nave
outs. like that seen today. should be ex-
pected from, ting TO time. and on them pur-
chases should be in order.
Especial to The Post)
New orleans. La, November Wv. H.
Bachelor & Co.. Ltd say OF cotton:
The crop movement continues. very small.
with stocks daily showing depletion and ex-
ports maintaining large figures. Tho spot
markets generally are strong ana every IN.
In prices Now that Liverpool is thoroughly
awakened to reality Of the situation and
the uncertainty OF crop Developments, 1t In
not unlikely TINT the conditions abroad NAV
terminate In bear panic. The majority of
those interested in cotton on this side have
stood for higher prices on the theory oil a
small crop and they are still adhernE 10
their bulish views. with estimates growing
less as the true condition of affairs becomes
more anparent With buying once started
there is no. figuring. on the result OF tho
excitement that would follow.
Especial to The Post)
New York, November 9S Mum, son co.
say Of the cotton market:
Cotton opened steady. UNCHANGED to
points lower on disappointing cables. but
after easing off Q to 4 points further on
proht taking, prices advanced on general buy
ing, principally by tho South. until a nel
gain Of 5 points was reached. where heavy
liquidation started decline which caught
stop orders, and before IL could be checked
decline OF is points was recorded. The mar
ket rallied on covering and renewed buying
and closed steady. points net loss for the
day Today's decline was the natural result
of too much pyramiding and was undoubtedly
due. II has given our market much health
ier tone and eliminated certain amount OF
weak cotton that has made conservative buy-
ers tmid about entering the market and we
now believe conditions favor another sub
stantial advance. We recommend purchases
Of late positions. especially ON any further
decline.
New York, November s.--It was day Of
great excitement and violent fluctuations In
tho cotton market The opening was steady
at unchanged prices TO decline Of points
the loss resulting from light local selling
brought ont by weak cables from the future
department Of the English market Traders
had anticipated an announced uplift abroad
In sympathy with the emphatic rise ot yes
tcrday. but after opening ? points higher
Liverpool slowly eased off Investment puzzle
appeared to loathe to abandon itS bullish
Ideas and was soon taking cotton as fast as
onared. Near midday, however, there was
iull In buying and under struggling sales
for profit prices gradually fell away Dur
ing the slump the greatest excitement pre-
vailed and for some minutes appearances
pointed to general decline. Staunch huils
stepped into the breach, however, and COM
menced to buy heavily and recuperation was
almost as sudden as had been the decline:
The marke, was very nervous later ana
readily influenced by orders as they arrived.
Reports that exporters were accepting all
offers of SPOT cotton in the central and west
ern belt notably in Texas. Notwithstanding
substantial advance in prices, served 10 allay
the fears Of uneasy holders to some extent
and checked any desire on tho part OF the
Was steady at a net decline OF 4 to 10 points.
Especial to The Postl
New York, November n.-Atwood Violet e.
Co say of cotton;
There was again liquidation today by the
long interests, to very large extent. a
largo proportion of cotton sold in the past
forty eight hours showed heavy profits. il
waB noticeable that many who sold yesterday
bought again today at higher prices, while
many others bought declining scale
Southern spot markets are not only holding
their own, but New Orleans and Memphis
| advanced &c Norfolk l-i6c and several others
also gained in price. English and continental
| buyers bought spots in large volume yes
torday in the South at high prices. but Liver
| pool, by its refusal to follow our improve
| inent of yesterday on spots, practically says
| as follows: I'VE are paying relatively very
much higher in America than Liverpool quo.
I tations for cotton, but nevertheless, we sold
! iuan rfose ouis rmrIicrn nIeuas forrea ar
! TO pay them yesterday" With the elminn.
| ton OF large amount OF shorts yesterday
and the covering OF longs today the market
is perhaps healthier tor these conditions. The
! spot cotton the South sold yesterday enables
them to hold the balance just that much more
strongly. 1h"re are no signs OF giving way,
but on the contrary. as shown above, Ii