The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-14
'INTHE COTTON MARKETS.
In the Future Markets Everything Closed
at an Advance.
THE ENTIRE SITUATION fAyORS THE BULLS
no Apparent Reason for Cotton
Being Cheap. as supply Is Ex-
hnusted and Crops Are Bad.

There was considerable snap to the cotton
market yesterday. Trading was on fairly
large scale and the range of prices admit
ted OF good profits to spectators. 1t has been
ten years since cotton brought good prices
and it has therefore been for years regarded
as cheap product This fact alone oper-
ates against any permanent advance as every
thing warrants good prices. There is no
reason for depressing prices There is al
most famine in visible supplies and the
outlook for the next crop is not good. II
the world consumes the regular amount there
viii be q shortage next year just as there
IS this. The bears are simply afraid. Bulls,
4owever. show their confidence and are
gradually working prices higher for both
spots and futures, although the winter
months are moro inclined 10 weakness than
tho rest Of the list.
Yesterday Liverpool surprised the American
SPECTATORS by advancing deliveries from 2-si
TO 5-6i and broadening out on the spot list
1t Wa Il good advance, although at the out
set The markets on this side failed to re-
spond.
crop reports were not OF the best In
South Texas the rains continue aud great
been entirely abandoned, which month ago
were promising. The new crop is maturing
slowly az the receipts are light even when
compared with last year, when the Brazos
valley crop was late on account OF floods
in July.
Houston and New York advanced spots 5sc
and NCV Orleans lIc. but there was only one
lone hale sold and that was ia Galveston.
New York futures opened with August 10
points ana other months point down 10
points up. On closing August was UP T.
October II and the rest OF the list 10
points
Futures in New orleans opened with Au-
gust 10 points up and other months to
points advanced and closed at net gar
oyer Saturday OF IN to IS points
Tine New Orleans Times Democrat says
Whatever else may be uncertain, 1t is cleal
that a period OF gigantic speculation n
cotton is at hand. 1t could not be otherwise
with s4ch infinite elements OF uncertain;!
confronting the trade. The new commercial
year VIII open with visible and invisible sun
plies az the fanllno point. the government
report toreshudows a yield even more made
quate than the last April-May deliveries il
LIVERPOOL are going q a discount Of is
American points from the current month OF
the other hand the Chinese embroglio
r4ii CT the possibilities OF peril and the con
dlions OF the British war loan afford proc
positive thar European fnanciers get a yer
low reading from their barometcrs IN
volcano iS IN eruption. and the inhahtant
Of the valleys viii do well 10 seek safety /
time, lest the tate OF POmpeu and Hercuta
neum oycrtake them. For the shorts in Au
gust, the danger is even more imminent. an
tie sNilt rise in the price OF that sult
A-.N'AAl sAHNT NlldN llN NhFt ANtlltIa are nc
eiunins to take counsel Of their fears ANS
thing is possible now. Fiction Iags attc
ticn cold and barren" "Scalper' and III
weston are now synonymous terms.
Follovng is The range of prices for Il
acuye months In New York and New o
leans.
Opening High Low Clos
At New York
October -. S54-55 s.eO-6l $50 So
January, ~. $685. s.ls s.35 s45-
In New Orleans
lanuary -. SIS s.25-26 SIT s. Is