The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-17
Satisfactory Advance Scored After Three
Days Holiday.
ALL FIGURES WERE EXTREMELY BulLlsH

ofsco q, me Post,


After their rest OF three days the American
cotton markets came M smiling this morn
Ing Prices at the opening were around
and In some cases slightly higher than Thurs
days close. and but little change was noted
during the session until short time before
business ended for the day when period
OF considerable activity had the effect OF
bringing about very satisfactory advance.
None OF the foreign markets were in op-
Grafton. so the ueople on this side had things
all their own way The weekly interior and
into sight statements. which were not posted
until today. were quite bullish and probably
had the effect of inducing considerable new
buying. os did the reports Of too much rain.
which continued to como in from some parts
OF Texas. and the extremely light daily inte-
rior movement --d estimates. Several promi-
nent New York firms were credited with
largo purchases on the causes named.
There was a short period Of slight weak
ness immediately after the opentng but IT.
was extremely short lived and after IT. passed
off steadiness was the order Of the day. The
advance finally scored was some IA points
higher than tho lowest point of the day.
New York going to u points higher and
New Orleans TO IA UP.
Spots were affected Indirectly hv the gen
eral trend OF futures and directly by the
Influences already referred to- There waS
not an unusual amount of business trans
acted al any pont but all Of the markets
we're Arm and steady and advances were
general Houston New York aud New Or
leans each going 1-15c higher. Bull operators
are predicting that II the bad weather and
delayed crop reports continue to come IN
they will eventually have tho effect of caus-
ing tho sleeuy Englishman to awaken from
his lethargic slumber and. perhaus. result
in another Of those Wild scramhles for spots
several Of which have occurred during the
season. More conservative traders. how
ever while they look for some higher prices.
are hardly SO extreme in their views in
the light OF the reports which are begin
ming TO come in from some well informed
British houses and individuals, showing that
the short crop idea is being very generally
absorbed on the other side. Il does not seem
unreasonable to look for some further I'M
prpvement. especially IL weather conditions
IN Texas and other portions of the cotton
belt are not materially changed during the
next few days.
The movement as has already been stated
was extremely light, The amount brought
into sight during the uast week was 80 81
agaoinst a9.l7o last year and i6,I6S three
wears ago. the total into sight being s.3SS 3Ss
or sSs less than that of a year ago. In
terror receipts for tho week were 1851
against 5S,o16 and 26.602. Houston receive,
but 20S bales for the day as COMPARED Will
2226 last year. while for tomorrow the esti
mate is 100 to 1900 against 955S and lle
The New Orleans estimate is 500 to 1000 al
compared with 1908 and 3i9S Receipts at thu
ports we're 9505 against llS12 aud O5Os TIL,
deficit in tho worlds visible suprly increase,
$4,000 during the week.