The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-16
Former Makes Crop Estimate OF Nine
and Three.fourths Millions.
SplNNERs' NEEDS WILL EXCEED SUPPLY
81 say, the Latter prophet-AIl Mar
kets Made Material Gains.
The Figures.
The statistical prophets and

ties came out with bullish advices
and prices on both sides OF the
water went soaring. Liverpool
advanced II to 4-o4d. New York
from I8 to 2S points and New Or
leans from ri to "a points. Hous-
ton spots were &c higher. The
defeat of the bears was thorough
and decisive, for the time being at
least.
The course OF the market during the day
demonstrated as strongly as ANYTHING could
possibly have done the fact that even tue
test posted operators in tee uade arc likely
10 no widely wrong at times. on Wednea-
day men who give the closest attention TO
current conditions vent on record as beins
q the opinion that nothing more Than a
scalping market was to be locked for, and
that prices were not likely 10 huctuate widely
un,ess there was some radical change brought
about in the weather OF coIrse the features
which influenced prices today we're entirely
rev and unexpected. however, and in that
fact the gentlemen who made predictions on
wednesday hnd their chief consolation
The first surprise came when NELL was
quoted as making an estimate Of a.750,mo for
the total cron and when ellison followed
with statement 70 the effect that he be
lieved that the needs q spinners would be
largely in excess Of the supply, the work Of
the dsy was complete
Liverpool opensd around and slightly above
wednssdav's figures. but the Neill and Eli
son bulletins gave II almost immediate
strength and At the close the advance al
readY noted was in evidence. Tho markets
on this side followed The example set them
and the opening at both New York ard Naw
Orleans was from . 10 II points higher than
the cose Of the previous day. A. no time
Old the figures go more than / point hsios
the opening Tho general trend vas urHsrd
all during The session. shorts haiug excited
and anxious to cover and there being ls-ys
amount Of buying on that account The *
.ensiye short interest mentioned nv The
Pest Yesterday as existing in the marke; VS.
there, without doubt. ami il not only kept
prices IN. but sent them materially higher
at the very first opportunity.
The SPOT markets followed futures and al
sanoes were general New York being st tas
close 1-l6c higher. with aous.on, New Or
lesns and Galveston each &c above the QUO
tstions Of the previous day. There was =
very good business transacted AT these fE-
tres. the interior selling freely without 10
any way Weakening the situation. arcs!dinE
to outward indications. in the LiVerp0ol
spot market the conditions wire practically
Tie same. Prices were bard anc $40, safes
were 1900 bales. more than has changed
banda In many q day.
Receipts were free. comparatively speaking
aid the estimates for today are abols the
same as those Of years wita which conpari-
sons are made. New Orleans expects from
500 10 1900 against 1897 last season, while
the estimate for Houston IS 5000 to II 90
against 1888. Receipts al the ports were
li254 as compared with $50 last year and
Ss,is3 in 1897.
S. Num- son & Co. say: Prices will BE-
roverneA mainly by frost reports. but there
Is no doubt that the great activity in stocks
ian not continue without there being an over
6ow OF outside business 10 cotton especially
II il becomes manifest that the growth OF
the plant has been checked in important
sections, Sentiment in regard 10 cotton is
becoming more buiiish in New York the
the continent
Following is the range Of prices for the
active months In New York and New Or
leans: Opened. High. Low. Close.
In New York
January ..... sn-4a s.3 80 s.5a-5s
March 49,: 9.io-ii $50 o.Ss s.4s-51
January ...... s.so-a ~ so s.sg-si
March ...,... 9.23 9.36 992 $3.50
Here is the opinion Of Atwood Violet:
I'VE believe We shah in the near future
have receipts on a scale TO indicate crop
Of only moderate proportions In this con
necuon it is well to remember that MIR. Elit-
500 had ALREADY committed himself 20 the
statement that a crop OF only 10 80 900 would
week are that farmers are holding back their
cotton. to some extent, il is evident that the
light receipts are also due in q measure
10 the fact that much OF the cotton which
would be coming forward al this time and
later, unLer ordinary conditions, has alread,
been marketed, because OF the teupting
price during the FIRST Two months Of the
present season. There are strong evidence.
that the bull speculation in stocks and Sc.
,urities wifi gradually hni its way into al
speculative articles and there Is every ind
cation that cotton win not miss its turn
Some conservative New Workers, accord
ing to advices received her yesterday, be
sirye that the near months viii sell at ,
premium Of 10 POINTS over the late positions
Brokers are advising the sale OF May az,
June and the purchase OF March and Jan
uary.
New Orleans OF late has been buying ii
New York against sales In its own market
Some argue that a bull market Is an I'm
rcssIbilit, unless the dry goods trade great
y Improves List year, il is maintained
there WAC a big speculation backed by
~ boom In che cotton goods trade. '.Thi
year some oontand, you have speculatly
boom without the boom in cotton goods"
II Ia thought in some quarters. says til
New York Commercial that the continen
BY staying short will sooner o: later be 4
position to realize how Lancashire felt las
SEASON. like square peg ia round hole
Mr.. Henry NefiI's Denial.
carFill 4 Richardson say With the ais
q NsiIi. whe vas reported this morning