The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-22
COTTON SLIGHTLY HIGHER.
Futures Gsined a Few Points at
New York.
NARROW RANGE OF FLUCTUATIONS
An Absence OF Selling Pressure II
Noticed-some Deposition to
Hold Cotton in Texas.
Office Of The Post.

Office Of The Post.
Houston. Thursday, October 81.
The bears are making desperate effort
to get cotton beloW1e cents In New York.
but their aggressiveness has not yet sue
ceeded in making December touch that
price. The lowest thus far recorded has
been 6.05 and today the price advanced to
Gil. Liverpool futures closed VI SAD
higher than yesterday and spot rales were
10000 bales at a decline OF 1-32d. the
American speculative markets showed on
advance Of 3@4 points at the close. Spot
prices were unchanged in Southern mar.
kets, with the tone quiet and demand lin
tied.
The movement today was not very heavy,
being below the same date in 1894. Esti-
mates for tomorrows receipts at Houston
were also light. and as there is now Moth
ing to interfere with the movement in
Texas the lessened receipts are attracting
considerable attention. There Is undoubt-
eddy disposition to hold the staple at
many points in South and Central Texas,
especially in sections where the yicld fas
been a poor one. Whether this pulley will
prove profitable in the long run is a diff
cult question to answer, but no doubt q
decreasing movement will be a great telp
in maintaining prices just as this time.
The speculative markets guctuated with
in n narrow range today, but the tone was
steady throughout the session. The feeling
that cotton is entirely too cheap at pres
ent prices is gradually gaining ground.
and many people are buying contracts on
that theory alone. They admit that prices
may go lower, but believe that the values
now prevailing Will be way below the
average for the season.
New York futures opened quiet and firm
this morning. with 6.1O bid for January
The price advanced to 6.12, then fell back
to 90, and hung between 900 and go fo'
quite while. During the aftern BON jan
uary sold at 6.13 and the market cicsed
with 6.l2 bid. against sos yesterday.
In New orleans January sold at 90 for
the lowest and $50 highest. closing with
5.S2 bid against SIS yesterday.
Houston expects 67OO to 5000 bales to.
morrow, against SOLO on this date last
year. The estimate at New Orleans ia fol-
1000 to 1900. against 1904.
"S W.
BY private wire to B. w. Hunter & Co
New York, October q The cotton mar.
ket today has been dull and unintarestina
with trade largely OF a local character
Tho steady undertone which has ,ravliltd
during the past few DAYS has again been
in o,,tdenoo rhoro ,s ~ ohsanoa =, coll
"a' an aus VI syn.
ihs pressure ana aithough the principal
oaa,nst .,,a. o,.. A., -,
stoad,, 49,. ,..
pool has again been n seller in This mar.
ket against purchases there, but their Of
ioi dane ia. haNe puen reauily aosoinSu AZ ~.
nj the present time the nreva;Iinr law
prices and the possibility of an early frcs,
cneokIng aggressive selling ny the bears
Tbs Postal Teiesranb comnanw ,onort,
light frosts at Memphis, as well as in the
immediate vicinity OF Columbus, Miss. The
government map also SHOWS taiilhg ttm'
pera.ure IN leNas, "hioh TACT appears u
nc creating some apprehension aproau ~
uan ,l, nave peeh recei'en rom l.,verpoo %
" aN enuu'y az W .hu v.ii ., ~, ~
sui y lepor, wh,vn is current .h.Te, in'
nia,Ns se..ain's nas suowh STAT. r.s.s..
davs ,h,n Coy sr,,,,o ,,,,,a Ia !. ', ~
49, 80 r,sno,, S sho ,,,i,, '" st,i,
devc,opmsnts The n,arpe NY co,tinraf
| Seatnra,nssiv firm, thrn's.ho,,t mo attar,
noon session ana,lv LOSING at ano,t N,
| hest nrices NJ the aav and from IN !
points over Mast evening. Reports Of cold
rains In Taxas and observation-disclosures mat fros,
10y 'o.,wW ma'e ne'pe 90 n aMe IiiarNet, En-
dav havina Noon ronor, - od thus tar 'o' 'A'
-
! "ieI '"'.s circular
'.' - o.'''
w. say Vi 'o''o"' me market mas
60" S"." eOo' "e"' VI '"uepe''uei''