The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-09-10
COTTON MARKET REVIEW.
A New Orleans Bank Failure Caused
a Decline.
WAITING For THE BUREAU REPORT.
a Condition Rsiow seventy rsr Cent
MAJ Cause . sharp Advancs-Htous-
tou spots lower
onlnn OF Tho ro.,

ttNnSfNN, wednesday, Gfrtefnhrr Y,
The New York market brobc N points
today, aud closed about /, points iowei
than yesterday December in New orlean.
scld down to ms during the session. W 30
points below yesterdays highest. Tho
tsing was 80 points under last nishTs
mai figures Liverpool started today'S de-
olnc. futures m that market LOSING sH-6ii
11-G4d. white spota were l.Sed on Tie
announcement that the Union National
bank Of New Orlcans had cioRoa its doors
added TO the depression ON this side aud
the New orleans market Was especially
weak Houston and Galveston spot prlccS
were affcolrd by the decline In futures aud
quotations were forced SO loves.
Whlla the movement OF cotton continues
on large scale, and trade conditions aeum
npfavorehie, Il ia tho general belief that a
bureau report tomorrow showing a condi-
ton anywhere below % per cent Will cause
sharp advance. Toiay's oeelinc places
the market IN u susceptible condition tot
anything hulllsh ami maay tFadura be-
ueSc that Tho bureau new has a splendid
chance 70 set In It's week. Tho average
condition OF the cotton cror reported by
the agricultural department on September
! last year was 1ON PER cent tSy October
the condition was only 65l and this
would perhaps he better for a comparison
with the present condition. owing to the
~ cmntIr,ty ot ihis Seasons crop. The
roSas condition last month was ~ and on
September / last ytat u was III
At io'ss's SESSION Nvw York futures
opened easy with stl hid for December.
purins the forenoon Ito price dropped to
Sis. then advanced TO AN aud closed AZ
Ni9ISto. against S6iiS6t Yesterday, oc-
,oter spld at saa for tins lowest and ~
highest, oiosmg At sis or AZ points hiGnrr
ilAp last nights figures.
Now orleans opened barely steady, De.
crmher selling ut s@ and advancing 10
s % soon aCtvrNsd When This price was
reached the announcement o, the Union
National bank ihlhTo MAS nude and
caused !, ncod Of eollirg orders 10 ponr in
quotations hloke several points every few
mlnutes reaching tnc botlom at j.aN Al
ter thla a reaction occurred and by isss
ptcemhrr 4oid al So and eiosed al Slf,
aeallst SIS yesterday Oetoh,r soij al
Slt carl, IA the session, .Aopped 20 so
aul clos0d al ScJuS ".
Cargln Il Richardson LAY In their circu-
lar of this dNtr! "our atytoea Indicate
thu hrit ana a ttNten.ug money market
Nitn th4s Ia Wow Ne look for a CcHftAucti
lihcra muven pt which shpuh rctsfd eay
l,i,r,,,, v,t,~h ,,Iu ia tnstrl Al III o'.ic.k
tom,.row our time. saguld show Al very
low condition.
Mersrs Atwood Nlolsu s Co. write uu-
dew date VI Srftemhrf
tb. pa,.rt,rnerf nom mo cotton nell Is
tn.t M scan tnetie.ln Nm he s.thvr,i
IT, ~ Nfsfh az ,lrt0h-.r ufaytlsl wet
-, 80 80, ,nt,,icr' &n y, tnss
n.r,tt IN, h., ar MIA. "A ftialmrut OF es.
,.,nnrou. htti,tanti, rNnfesxel In sur -
"a, sif'.ti, man th. governments
f1paf;. To- he announced ou Thnrr
.i5n u.,t Ma la.h lpsttnt. viii SNOW ar
a t,.ra.s p.frentaxn OF condition al The
: lH ~ n~tG1', u, ,n,s T,ni,cr II
.ryl,,,a ,rafma',f IL. tn~ worlds t,ltnner.,
Ia ofner wor,i.' WIN thn crap just rndrd
r.,,l,,u ti. auistff tnatkpfad about Ii,A.-
t,a hatrs. in .1uni nsufss tof which ~ 40
,,.. r.. trawfh n iii. nr,.tiaiH sete ~ I
fsuoWtps ono si about lhfol pG. 10 leaves
IN, wa.1'~ visible suuply NJ Ainrfigan
IA - bales less TODAY than int aanio
ino A,s, year. avcording 70 tho Chron.ciee
Euuf,y hrrsalth What can be rVpacid I
N Sopte,nbsr nsat in ,ho NAY OF Slsitilo
4 n4 iftistbte aUppii - ,tAf lattice tucN ilHU
lUrupsan and American ruiil stAfkti I
.hl uid Toe rtup q 1851 produce = irli /
q 500 ~ baict following a tt9p q 'F'tvH (
ssof
What would be the ifpSect VICE /
-tuI, OF .siis @illch maNf are hr@luhihE {
In believe pr1pdhif. aul Mat liiiEei De the Z
,ss rit uuun thr price Il tot;ou IN The cNcri \
hat ple ls-l named estimate shgWi 90 !
s.i raiiN arespt,.i lunrg tae reNi sie;y /
ia,a Is something thSl che "cet'es
,,frit" VIII dpubt3- give tus cunslcsgR-
lion 10
i5Ven with sepr.,ssed .r,,Ar rIunlilpus ia !
as r0iutr, n IL hlrhly improbaiie iAAi
Ia. wcrld'n e5nsunp,len VI American flr
.,,nt wN h. isss man Ssa.eu bA.es
~. -. Nh, a f,4tp III s,,sn ans 4 hrlf
,,nl ,s. .rd ~, ~n~}1's yhA{hL. supply ~
,s,, -s,i trtsY a,eor'iTne la Ia. thfrni-
~ h.. beI. "a '+r n. -. ,,iti,
~ h,',,Nt ',,,,ii W. W"
N-...x..t s.-.,,,,-,e. -.,,.,s ,... IL,
,,,. itsit4 n",,',s .n1 n'',n..'.t''''.i
49,. ,,-,,tt. fnils,s. ~,
-..iI.il, Jl-.nnointing ta,,e. aq4 heavy
. ....if,t. 80 az t,ofts r,otntiu,s ia ts49sst
+ r,sr- f.r me w.rk possIpi. "a hc