The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-29
A GOOD STEADY MARKET
Breaking Of The Liverpool September Cor
ner caused No Trouble.
COTTON is STILL STATlSTlCALLY STRONG
No Apparent Reason for Any Weak
cnina-WeeIsiy Statistics Favored
Neither Party.


sides The breaking of the September cor
ner in Liverpool cut little figure on this
side: it was too late in the month for such
collapse to have any effect and the drop OF
s4-sl in the spot month there did not create
a ripple. although such slump under ordi-
nary or normal market conditions would
have created considerable excitement
statisticaily cotton is not only as strong
as It was at the opening OF the season. but
II daily gains in strength. II is apparent
that the supply viii never meet the demand
or course cotton men deal exclusively In
cotton. but there is always class which
Is ready to hazard an investment when there
is any chance OF profit. Now suppose some
ring OF spectators should get into the
market with an eye to windward and east
their anchor into the manufactured prod
ucts? Then what?
Well. 1t is plain II the mill mon tell the
truth they are not ovcrstocked. They sim
ply say that contracts for future delivery
arc slow Under such circumstances 1t would
appear that at any moment a well financed
syndicate could get into the market buy mp
all the piece goods and make the drv goods
men dance 70 their music. Thcre has been
talk OF such move and should 1t material
ize 1t certainly would create stronger
feeling among the weak-kneed cotton men
who are under the hypnotic influence Of NcilI
II Will not take long for all the mills to
work up the raw material they have on
band and then they will be compelled 10 get
back into The market and the outlook is they
will wish they had accumulated cotton while
1t was cheap--and cotton has been very
cheap.
The weekly statistics are about a standot
between bull and bear. Liverpools pur-
ehases we're scant during the week, while
on this side considerable confidence was
shown.
The weather map was more favorable yes
tsrday than for come days past and ind ca
lions are that the Texas floods are not as
devastating as at hrst reported because no
point along the river reports any further
heavy rains.
Receipts in Liverpool were 5000 while
sales we're but 1900 This IS fair index to
the disposition OF spinners TO buy as the
ratio has so far held out. Stock 10 Liver
pool is 10000 against $4,000 last year, while
the aoat this year is $1,000. against 13s, 900
last year. How much stronger could the
statistical position be?
Spots are not moving rs they should
there Is virtually no demand despite the fact
that prices are reasonable as compared with
deliveries.
Liverpool spots went of l5d, New Orleans
itc and Galveston l-isc.
Futures in Liverpool closed with septem-
Der down "a points, while other months were
I-6i to 2-64 higher than Thursday.
New Orleans futures opened with a range
OF 3 points down to 5 points up and See
sawed up and down. finally closing / TO (
points w. Compared with last Friday prices
are "A TO Is points higher.
New York futures opened unchanged 10 a
po.nt of and wound up with an advance Of
10 10 points. Prices are Is 70 20 points
hiEher than last Friday.
New Orleans expects 230o0 to 5000 bales
today, against 20,26e last year Houston ex-
poets 1000 to 1900 against ls,170.
Following Is The range OF prices OF tns
leading futures in New York and New Or
leans.
Vpen. High. Low, Close.
, sasss ..:. s53.A s s.5s 3 g. g
january ......... 9.3l-32 glo 0a $3.50
March ........... 9,a5 90 9.95 9,i4-l5