The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-08
ANOTHER Big ADVANCE.
Liverpool Futures Went Up from 4 10 !
English Points Yesterday.
4 RISE OF I-sc ON HOUSTON SPOTS
other spots Firm and Highcr-Ncw
York and Ncw Orleans OBJ
served n Holiday.
Office of Tho Post,
nouston. rue.dny, Noyember I.

As result OF the elections today the OK
changes in both New Orleans and New York
we're closed and there was no trading in either
spots or futures at either place. Notwithstand-
Ing this fact, however. there were several
features OF interest in the local market dur
Ing the day, chief among which was further
advance on spots at all points aud consider
able increase 10 the sales at Houston and
Galveston. Houston spots went m nc, thus
showing an advance of i-1so even over sntur-
days decline, and Galveston advanced Lice.
giving a price Of s-i6o for middlius cotton
at each place Numerous predictions Of s.
cent cotton are to he heard on tho floor of
tho local exchange and the men who propho
sled early in the season that the staple would
finally reach that hgnre arc correspondngly
elsted
Tho advance was not confined to this side
Of the water. as both markets in Liverpool
want np during the day the rise Of spots bo-
irg Lea and in futures from 4-6iths to
6-s4ths tits WORTHY OF note in this connec-
tion mat ell months except August septem-
her in the English market are now quoted
from ID up the highest rgioe. that on cotton
for November December dtiyory. hoine
aoi-c5
There was nothing remarkable about sales
in Liverpool, they being only 10 600 asainst
1900 on the previous day hut in Houston
end Galveston there was a decided change. the
hruree for Houston being .lfi bales compared
with only coo bales Yesterday. and for Cal
weston $3.50 bnles. against al2 bales on Mon
day These figures may not DC significant TO
a degree witch would materially affect the
situation. but they at least show that the
high prices are causing a larger amount Of
tho staple to be dsposod of as IS to he ex-
rccted under the circumstances
The situation so far as the local movement
's concerned remains practically unchanged
Huustons receipts today we're 2o53i and the
estimate for tomorrow is from 10000 to II ooo,
compared with 1857 last year aud 1857 in
1897.
There has been marked narrowing OF the
differences bstween the prices for the near
,,. h,,,.,,, - ~, ,.r,,,ar .,,a sa,,,ns
- -. 49, -. - s..o,.u ,.A,,.,.o
80, ,rnda. oratnar,, ,.,ro,,n,s,anco. ~,
a.Os... sa,,,oa 1,,,,as. IA A,,,,,., s
,ni,, n no,n,. h,, an ay.r,tnat,on Of tho
hErres which prevail at present will show
that the difference is only from to points
Tho bulls regard this as being extremely
significant and express opinions 70 tho effect
falV hp ha
danced. will I've compelled TO settle with the
oaal.r
lbose wac oeleNe that Mr. Mem Is very
bad guosscr and who enjoy themselves by
noLtng nm az his oe,i,,.t.. ~ n o,a am ,,.to,
rSn'"s ~" a' '''9 es,'"''.' VI ,','VV0V ""',s'
point out MS an interesting feature OF the
situation tbs fact that 10 1895 he started out
Win ar cstima,a az i0 ooa o0o h,ls ,ti.b
u.,,... ,,ar,, st,r,,,. ,,,,..S.' 80
hspres were very shortly Thereafter changed
to 6,5Oo,00O
Peter L,aboulsse WINS the h,r n,u M the
New Orleans cotton market tncn' II ,s re-
lated of him that he subscribed for some sixty
different newspapers for the puruosp OF nro.
n''"s o' tue cotton news 'h'y contained be-
s'ues spending enormous sums OF monew in
securing sper"' 'elee'"Hs ON the condition
=" me markets since he mas retired IL Is
SAID that certain big concerns in the Crescent
City have a penohant for backing IN Mr..
Nailss nuurcu hrt tt,. t,,u. .,.1 a., A..
sem hsuFes' nut tue pulls and for thaI
matter. some of the bears, nte confident that
,y .ht. ,,,,.'S , "'' """'
crop can not possibly be realized.
Yesterdays Galveston Tribune haa ,ho %,
lowing. '"' 49,
THAT thu Eas, indian ORION ,yos s,o., ,.s
hoon ,,ld hn, ~ raa, 49,, 80
Moon roaa,,.os s'e ,''es sn"' ~" 'niu''s ""s
G Pee ressiyed IN Galveston for 5000 bales OF
10 the belief that the shortage there IL
greater than anyone supposed
AN inquiry from Bombay for cotton from
Texas Is remarkable. Nobody in the cotton
trade here ever heard of such thing be-
fore II can not be that the cotton WAS want
60 Tor a trial, or they never would have rc-
auested such big lot.
The Galveston cotton man who received
bombay with that grade. lie can give good
but low middling Is scarce this season.
IN addition TO the 5000 bales of cotton tho
a sSpl So RGSse bs want Wo S'a their order