The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-25
COTTON IS HIGHER.
Still Another Advance Was Scored by
the Staple Yesterday.
HOME FUTURES 9 TO II POINTS UP
Good Liverpool and Heavier Spot Demand
the Cause.
HOUSTON ADDED 18th CENT TO SPOTS
other Markets Were Also Advanced.
Heavy Interior Buying-Holi--
day Today.
HOUSTON ADDED 18th CENT TO SPOTS
Home futures o 20 II points M.
Houston spots 1-Sc higher.
Liverpool up 3-64d 10 5-64d.
Office of This Post.


office of The Post
Houston. Friday, November ~
The figures tell the story OF today's ad-
vance,
Unexpectedly good Liverpool cables. con-
tnucd good demand for spots and some very
heavy buying OF January cotton by houses
who are said to be badly short on that MONTH
were the factors which were most patent in
bringing prices up to and IL points higher
tnan they were yesterday and about 70
points above those OF the previous day.
Dyerpoois close showed an advance Of
; oiu 10 SD or 10 10 American points.
A. d result markets on this side opened sew
I, al points above yes.eruay b close ana ior
I. snort time the figures went hlsuer win u
a. kree oil rapldily zen Was very satlsiac-
lot, or otherwise according 70 one posltion
D.. fegaid To the market. AT one time quo
tutiuns were IRON TO I points hlshef tnan
tne opening, but after Il reaction winch took
the ngures down some or points some OF
tue strength thus lost was reSaincn and the
market was mostly steady from thdt time
until the close.
Under the heavier demand the spot mar
kets, quite naturally, not only retained the
strength which has peen such feature OF
the situation Tor some time, but went higher.
houston. New York and New Orleans were
each sc up and Galveston made revision
which added the same amount TO low grades.
Liverpool spots were 3-32d higher ana at
were American, were sold. The figures de-
noting the amount OF sales AT the hume mar
kets were not materially larger. but OF
course they do not in any way reflect the
trading done in the interior where, according
to reports. the higher prices brought out "a
great zeal OF cotton. Bulls are very firmly
OF the opinion that the advance Will brilg
out practically all of the cotton formerly held
in the country and after the sales of today
hgure in tho movement they predict that 70
ceipts will be SO very light TO furnish very
strong grounds for the views of the bull
side
1t is clearly shown that European buyers
are coming around although slowly. Con-
siderable cotton offered last night was ac-
cepted this morning. although some OF the
buyers DID not jump at the advanced prices
asked. However. less attention is being paid
to estimates than heretofore. The facts
they develop arc being eagerly watched and
one OF these hne days the truth will be out
and either the farmer or the spinner-more
than likely the farmer-will he on top. There
seems TO be little doubt that the consumers
across the water are playing game of blum,
the magnitude OF which has never been sur
passed. They are only buying now from
hand to mouth, as it were. and people who
know them and tho amount of nerve they
halo before they VIII acknowledge tho
strength OF the position OF the producer, and
by. so doing confess themselves beaten.
While some OF the bears seem to think
that the market iS IN dangerous condition
u really does not appear that actual cond-
tons are Of such nature to support any
little pyramiding, operators having CON
tented themselves with taking small profit.
There was an unusually heavy amount of
realizing today and this feature had much
20 do with preventing tho market from go
lnE still higher There was plenty OF trad
ne, hut, rs has already hoen pointed out,
the range was narrow one
one or two surprises developed during tho
day, chief among which was dispatch an
mates made by al! the members Of the New
York exchange WAS asia 01G. 4 arEer figure
~aS expected. The weekly LIVERPOOL state
pent showed stock OF only 70 0lO hales less
man last year, hut \ stock atoat which Is
$4,000 smaller than IN 1895 The weeks 70
fonts there we're ~ ,Q01 larger than last week
and 900n larger than last yeat.
The weekly into sight was 40lssi against
5ie6l3 last year, Tho figures for the season
show deficit Of 9So1oo as compared with
last year and $40 con with 1896
Receipts at home ports were % 200 less
thsn last year and the interior movement
gnh small Houston expects TO receive from
year and I3,saa N 1897. The estimate for
New Orleans IS The same rs for Houston. az
compared with 1853 IN 1895 ana % o51 the
previous year Local wagon receipts 10 date
last year Total receipts this wear are / 0iS,-
Sss against l,5l7,O9i in 1925
January in New York opened at isTT ~
End closed at 5oG7 81 after selling high at
"a and low at .i5 March opened nj 500
y, sold high at ~. low AT $50 and closed
March in New Orleans opened at !. 9s67 2s
and closed at ,2S77 20, after selling high at
74 and low AT T.25.
ont OF respect TO the momery OF Vice Presi-
dent Hobart whose funeral will occur dur
ing the day. Liverpool OF course. will go
on as usual and IL would be hard TO pre-
day
The disappearance OF A. j. Landauer n
big bear of LvApool and Manchester, is at
tracing considerable interest among the
trade The house is said TO bo sovent.
The following letter came to Price. Nc
cornick & Co. from mill in oldham, Eng
land:
III planters have decided on certain
course OF action with view to forcing UT
prices would they truthtully answer your
questions? Meantime. everybody that know
Is buying Just TO supply their bare wants
believing that there will be more than
enough cotton TO go around; and because
trade has been very good. but orders are
running out everywhere and soon conHump-
uon VIII be much cprtaiied. Therefore. users
NJ these prices. The exercise of patience 1,
al We can do now till prices assume theil
normal level"
Our advices have. In very few instances
been received from planters We have b,
cotton spinners. Bankers. cotton IS seed ed Of
mills and nearly everybody else in business
and who are presumed to bc In position tc
express an opinion with regard TO the crop
We do not believe that all these variou.
classes OF men would deliberately perjur,
themselves by expressing untruthfui opin.
Ions. Our advices have not. IN hardly an,
single. instance, come from the planting ele.
mfnt"
The following Is copy OF letter received
here from New Orleans:
For arguments sake we will suppose this
crop Is not better per acre than 1867, That
crop was:
1861. Atlantic States ..,..... 1900
iS89-l 1909. increased acreage 10
per cent ACKNOWLEDGEMENTS. $40 4, 06r
1ult states ....-..................2,S3 5
lsya-190v. Increased acreage 10 per
cent .*.s-...-, .t..+'.........-.,,,. 30 3,12C
"a Iekhb .2,2v0
1900. increased acreage Is per
cert OBSERVATION-DISCLOSURES. 3i0-- 1886
y va fft4 Ia -------
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i:.eisii il iourissa week. =. END!
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