The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-16
IN THE COTTON MARKETS.
Statistical lnformstioa from tn,
Leading Exchanges.
The EXPECTED FROST DID NOT FALL.
Weather Prophets Think There VIII
He Nome Until the End of the
Month-pricca Unchanged.
once Of The Post.
Houston. saturday, October il

Office OF The Post,
Houston. Saturday, October Is.
The wiscacres were confident yesterday that
when they awoke this morning they would
hear OF frost reports all over the cotton belt
Ia fact, tho Liverpool spectators were OF the
same opinion---but they were all disappointed.
In few extreme places a light frost, which
did more harm than good. was reported. with
Indications Of warm weather tomorrow.
Weather prophets contend that frost periods
my be expected With tho change Of the moon
A change comes tonight aud on tho 10th the
moon will be royalty full. The wise men say
that when the new moon comes without frost
there will be no frost until tho full moon
comes, tho latter part of the month, There
fore. II signs do not fail. the next fortnight
will be favorable for gathering the cotton crop
and for the growth Of the top crop.
A matter attracting some attention is the
large demand by exporters for cotton at the
South. and II is claimed that with the large
receipts this demand will have to continue
during the rush of cotton receipts which will
continue until the end OF the picking season
in December.
C,op estimates based on absence OF damage
By frost vary widely, running all the way
estiL ates run over II. 500, 900 bales.
Meanwhile there is no speculation to taxe
care of surplus cotton MS II appears; otherwise
the market would probably be better than II
is, especially in view OF the large spot move
meni nj the South.
Liverpool futures we're up full ,s-6td to.
day and spot sales were 10000 bales Mt I'M
changed prices, which is good business tor
Saturday.
houston spots were marked down l-isc, but
other markets were unchanged.
New orleans futures closed l to ) points
down anu New York unchanged To points on.
pcr, receipts were 54.4a3, against a, 1858 last
year.
Houston expects Monday -. 900 to esbco.
against IL Is, last year New Orleans expects
10000 to $4,000. against tl,Sil.
Hunter ~ Co.'s Cotton Letter.
Il. W, Hunter & Co. say OF todnys cotton
market. Liverpool closed is-64ffi-64d higher
AVID did big Saturdays spot business, selling
10000 bales. They had some approhensions Of
damage by frost and sent rather a bulisb
market. The feeling at the opening on this
side was decidedly Arm and prices advanced
to I points In Now York. but did not hold
whcn light frosts were only reported at st
Louis and Nashville and warmer weather pre-
dicted. New Orleans has not been inclined
to follow this frost advance and opened oniv
roint higher and declined 4 pointn closing
po.ni w from the lowest OF the day ana
points lower than yeaterday New YorA CLOSED
l point lower than yesterday. spot nurkats
were easier and Houston declined l-l6c. Enu-
mated receipts here today wore % 900 bales.
ana McndHy VIII see another forty odd thou
SAND posted. Receipts at the ports were Iib-
erai and the weather favorable all over the
pen. Houston viii probably failing on
N her reeeipts after the first two or three days
OF neat week, as n great deal OF cotton wiil
D. held bach so an to got advantage OF the
lower rate which will take effect on tho 27th
az ordered by the railroad commission At
tho moment almost everything but the price
seeias aEanst the market, and decltne--iin-
der absence OF Damage by frost. favorable
weather and heavy receipts with the country
y liberal seller--of ut least x or 10 points looks
IKE certainty. Still. under conditions Just
as Gtarish, the market has held up since Mon
aay, supported mainly by the big sales Of
spots IN Liverpool and 1t may do so next
week, rs the feeling generally is to support
,ne market az present prices, and Just litu~
lower world OF cotton, both spots and u-
lures. Ia wanted. Speculation has not yet be.
come feature In the market but that 1t will
OF any further decline Ia certain, and invest
hiens M, BUYING OF The strongest and best kina
u hot Tar away from tonlghts close, Should
the market reach these limits We will see Just
as muoh interest taken In cotton as II IT were
o. cents higher; and. while fluctuations
WI not be 70 wild, trading Win be heavy ano
frequent profitable turns OF 10 TO Is points
may be made oil double or treble the amount
IN winch 1t would he safe 10 trade NJ higher
prices Brokers feel OF these prices that they
can be moro iiberu about murgtns, and a
trader In 100 or 1000 bales will mud that he
can operate In at least double the amount he
~ accustomed TO take on at higher prices with
the same or less margin. White profits may
no. 10 Dig nor quick, they, MS well as losses,
can be regulated with almost absolute Ger.
ta'Gty and the risk reduced to IA minimum
CarRiii a Richnrdson's Circular.
Ctrgill Richardson say; a boarish feeling
stfli prevails In cotton. due TO the heavy
movement. accommodating stocks and weather
conditions. Yesterdays report from Washing
ton showed frosts along the northern edge OF
the cotton belt, and again this morning hut
1t was so light that littlo II any, DANCE re-
suited and many contend that these white
nosts are beneficial. Predictions for tonight
are for fair weather, followed by warmer sun
gay The markets today In cotton were al
mort featureless. New York wired that LIVER
Tor sale on market that lacked buying
power. Exporters reported n very fair busi-
ness go.nr to tho other side and the interior
wss selling very freely, especially in Texas.
Inc receipts at the ports were moderate, but
notstoD's daily reports show eonolusyely that
Texas has either raised Il crop far ahead OF
tny previous year or the farmer is selling as
fast as possible.
Dry Goods.
New York. October 15.--The market during
,HN ..oNh nhc hhO"H only HIiSnt variations.
LEGALLY, trading has continued light All the
week ~ both cotton and wooden lines. Export
goods have shown great weakness, bids for
sheetings and drills In the far East belus far
below the standard set by sellers The msrket
Tor wooleu goods Of all descriptions has con
tinued duh. There is beginning to be SONS
interest manifested In new lines. The print
cloth market has been carefully watched By
cotton goods men this week. The new plan
for curtailmcnt and the pooling Of stock has
not yet gone into effect. but IL IL thought 10
be a certainty. The market for both extras
unn Oau lnnus Is firInef lhONgh the former