The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-03
COTTON MARKET REVIEW.
Another Day OF Excite Mt and Wide
Fluctuations.
LIVERPOOL HAD ANOTHER SCARE
And Advanced Futures About Thirty
American Points-Ths Home Mar.
kets Closed Lower-spots.
Office of The Post,
Houston. Wednesday. September {.

The markets repeated yesterdays crugy
actions for awhllo today, though iiuetua-
tons were not quite SO rapid nor as VIC.
lent. Liverpool seemed especially excited
ana closed with futures ais-6id to iois-6id
higher than yesterday. while spots were
Ad mp. Foreign cables stated that Man
chester and Lancashire spinners were In
need of supplies aud had become fright
oncd by the continued docful reports In
regard to the United States crop.
The American markets opened at an adj
vance of to ID points on the nctiv.
months. but closed 10 to rs points lower
than Yesterday. The closing ut New Or
leans was so points below the highest ns
urcs reached this morning Whether this
Is mom,y the natural reaction after nm
advance Of Goci,5 points. or the beginning
OF n further decline. remains TO I've secn.
Many traders are Inclined to believe that
the market is now ON II very firm basis.
and that conditions are favorable for
steady advance. They believe That the
decline WIS due mainly to the liquidation
OF longs. and that cotton ia Il good pur-
chase on every break iik. chat oxperlcnc-
cd today
Tho men who have been manipulating
the market from u speculative standpoint
that ,s. those who deal strictly In chalk
mArHs-rnay consider the recent jumping
and tumhlins OF prizes the best kind %
n gambling scheme. but the sellers of
the actual stun The dealers In spot cot
ton-arc auNluus 90 see tho market put |
on q littlc icsa steam Cotton factors and |
buyers say that It is nearly ,mpossbl,
to do business with the market acting aa |
II has recently. \ man may sell thou |
sand halcs of cotton one ntght nud wake |
M TO discover that he has los, te.5O on |
every hnlc by not holdim un'il the next |
day: or lac may r,fdso to scll expecting !
an advance, and hc confronted tho next |
morning 10y a drop of ,.1elsc per pound |
such mpld ara violent huctnatiops are |
very detrimental to spot hnsloss. and !
settlers and buyers arc kept IN constant
worry
AT lolay's session New York futures
opened steady. with December points up |
Early IN the dag December sold at s27
but dropped To Si7 10y noon and closed at
SobfjSoG against SO yesterday. October
opened at So. hut dropped to 1aS on III.
close. ngainst sl1 the day hpfore
In Now orleans October opened with $50
bid but advanced to 79a early in the scs
sion. After this u rapid decline eusurd
aud 'hc closing vas ~ the lowest figures
of the day 7,diuf.G2. Against 7,11t,f u YES.
;erday. Dee. mbcr sold At sol shortly at.
ter the opening, bat by noon had dropped
80 5.sS. and tho closlnG ros at IA, aa
compared with 7.Si last evening.
The American SPOT markets were irrcgi-
lar. New Yorh aud Galveston closed We
M. savannah advanced 80 aud Mcmphis
I l6c.
Mrs, 6. Is Dick has retired from the :
lrm OF Inman A Co. If I'ptigton aud has
ilso severed hs connection with the firms &
II s. NJ. Imam ~ Co, ATLANTA. TIN, and \
nmnn, Sanders a Co. Bremen. rmany n
VIZ. prk Is wen known In commercial cir Il
hes and previous 20 his retirement from &,
Dmdn Compress company of this city. n
Now York, September An advance of X,
dl0 points was made in the cotton mar Il
Of today. Afterwards decline occurred. f,
he early urmncas WAS largely the result "
I "A further advance In futures at Liver \
DOL, Receipts az ports were less than -
ad been estimated, Periods of iquida- III
on s,nt pricea down and the market H.
lowed decided weakness IN the latter l.,
art of tho DAY. breaking sharply on real II
ing. The close WAS easy at net de W
inc Of l0a "A poinls. O
New York. September ? More business
I around for cotton and wooden foods ~
as reported by Gry goOds comm ss.un
e very firm and today shlos Of many
'tton srode were l4c highcs than u week
20, Printing cloths In demand ut 2lac Ia,