The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-03
The weekly statement for thirty-one lead
ing Interior towns Rhows:

a fairly characteristic ban argument is t,
follows:
In the light OF trade conditions. cotton
was nrver SO strong, On September l6. 1882
the visible supply was 6i5.ooO bales more
than on Inc same date last year, today it is
900 less than last year. There came into
e.gAt the past week 4Qf i6l bales, yet the
visible supply only increased 1iS, 5d5 bales,
showing thar spinners tgkings were 25+ 5ai
bales sun the poor splDHcrs are buying
under protest. One pound OF cotton makes
seven yards OF print cloths, sc per yard.
the advance is over ic per yard, which IS
equal TO an advance OF over &c per pound 10
the price Of cotton The splnners should at
least divide with the farmer aud allow him
SIC advance on last season"
Another bull has this to say OF Mr., Nelis
figures;
~ the cotton, as Mr., Nell says. is piled
up in the counted towns in the hands OF the
merchants. how can Il also be held by The
planters? Why should II necessarily be In
are largo II would be impossible to get
planters to etner Into continuation for any
purpose Besides. he is absolutely mortgaged
TO the merchant for feftl GERS and supplies.
and payment is made with the actual cotton.
not with money. between November l and
November n"
cargil & Richardson say of cotton:
The refusal OF American cotton markets
to advance in the face of continued strength
in Liverpool. is not only surprising TO the
lrade, but is quito exasperating to the bulls,
WHO seem 10 gain condolences each time "A
rad on the market proves unsuccessful. Liy-
erpool has widened until the near months
are quoted considerably over so points high
er than New York. against so to 50 points a
Few weeks since, This widening has been
very beneficial to buyers who do an ex-
elusive Manchester business as working
parity is now seen for the first time this
season. We fear this VIII not last, simply
because their advance has been based no
doubt 10 great extent to covering by shorts.
who have been believers and followers OF
Nell. and who are now taking their medi-
cine. Our markets failed 10 respond from
the start today, and when II was found that
good many selling orders we're coming
into the market TO hedge spot cotton, which
is not finding ready buyers at the advance.
do little he o. n Se@
York selling freely. Liverpool should be
k-6ad down Monday. We believe the soon
Or the bulls realize that cotton is sale
on the advances Instead of a purchase. tbs
better II Will BIO for them. Cotton acts like
present values are high enough. and scalp
Ing market the order
Especial TO The Post.)
New Orleans, December s--w. II. Bachelor
Co. say Of cotton:
1t has been many years since the trade
has had such problems to solve as are now
presented to them. and both sides are ex-
periencing the. same difficulty In digestlng
facts with which they are now confronted.
Private cables from European cotton cen
tiers aud tho figures Of the general movement
(Which would have more eifect we're they
not SO frightfuily buiiish) show the stats.
tlcal situation 70 be unquestionabiy unfayor-
able @ bearish speculstIon. The apparent
shipping parity with Liverpool continues to
disturb the trade on the other side. with
part Of those who have made this desperate
light the higher level OF values Will un-
doubtedly be attained. Lack OF support and
. tendency 70 lIquidate over Sunday had the
eject Of unsettling values in this market
today, and after opening several points above
ys.5.srdsy's closing prices sagked, ciosing
4 nothing In. the situation to justify any
further recapsiop and therefore higher prieea
!ase r. order ana may Be- expected to prevail
- ~ nenr future
(gpsclaI to The Post.)
~ Tori. Decsmbsr AS. Mum, Son =
q. 'e1y - cotton;
fs1>ee sP>as1 s>sa1y Y points higher