The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-03
INF COTTON SITUATION.
,.,,..l for Prices as Viewed by The
w. ",,,,s New York Correspondent.
-, IS GOOD SPECULATIVE BUYING
sentiment Toward the bun
! mo Nnrket--Crop Con-
ditions watched.
,s.osial to The Post.l

veV 1ork,
..,ion Of sho spinners and dry good'
sra tho sentiment of the New YORK.
F,r,e make dullness in cotton rea'
liable III, condition, but the intrinsic
...,th 81 the market is shown in thl'
"s nrices have, to say the least, not
s,,,d with inactivity.
hoe in fact, been some little buy
!. !, ontons and buying of strong kind,
rs,tracts have been made by those wh;
.s to hold them to near TO the end
NJ month ts.t they are for. These are
| NM largely by people Immediately out
~. professional circle Of operators, and
/ 81. iii, not be turn their holdings lcnse
INV few points drop nor because OF
-. questionable news regarding the
/ zap
rlis sort OF dealing has tended TO steady
,,,,,s at a time when they Otherwise
ton, show signs of softness. for the
,,,loer has hardly been able TO DO much
,.,nss, and would not be unpleased to
!, .ome easing oh in figures with tho
,,,r,e OF a subsequent rally.
For the past week here there would
h !. ri.le to speak about were 1t not that
H Matters are apparently developing toward
H !. honr for oosltive and strong sentiment
II :, ,hs hull sida 1t would look, In fact.
\ :. I, conservatism, and perhaps the spin
| ,,g interest itself. were holding an eager
| uubIc back from making a decided move
| MI would mean rise. They are urging
,,utIon as II a condition OF overconfidence
| r.-e to be feared. On one hand the real
mlls, feeling sure that better prices are
in store. suggest that with too much
hone at this time the many small pur-
,hasers may have some disappointing n.
hat while monetary in its effects, Won d
nevertheless be dangerous to light marg-
lbs. They prefer TO see the season open
and the real demand displayed before the
movement begins.
On the other hand, the spinners and dry
goods men have somehow established the
Ides that they are capable of being In
iiherent TO the worlds supply, or rather
lick Of supply, OF the staple, and can buy
or not as they choose. AS matter OF
fact, they certainly are not, but while
hey could perhaps see "a stock accumulate
for 4 few weeks and still refrain from
purchasing In large quantities, which
vould,if contracts we're widely and loos ely
held, have a damaging effect upon tac
price OF futures, the time for their pur
chasing must ultimately come.
The lovement OF cotton can hardly be
said TO have been begun, but nevertheless
Sayannsh has received on one or two days
this week larger receipts than on STINT
laf dates last year In spite of the set
naess the growth has had. the seasons
epenine 1t is believed, viii be a premature
cue. England Is said to be hungry for
taionH but evidently she has good con-
no OF her appetite, Domestic mills con-
tnus to close and the bales are
sppearng, II the spinning industry does
loi intend TO go out Of business altogether
y VIII have TO accumulate raw material,
'ui whether 1t will be able to hold off
ulu the supply seems large and the de-
lald small or be suddenly forced mo
ouying is the question. The safeguard
ssanst permitting manipulation OF
prices on these grounds is in the publiC's
ehnhoidlng from general procuring Of
oOnlraels, and the wisdom of their present
inactivity can hs easily seeii
MI. Arthur Roundtree said to The Post
correspondent yesterday on tits question:
~ Inc market at the moment is watching
.nsn the buyers come into it the trend
VI " 'u'ngs can be determined II cotton Is
.Aen up as It appears, the expectations Of
nu1 operators will be fulfllel and the
, .asulai result VIII be better figures, But
I'M n'n may not happen. and then 1t will be
~ heavy bull interest has not
N,.suy oeen created, to feel discouraged"
nv, Nv ohe really believes tnat the spot
:, ~ WIZ not soon become active but
Il, same Time the feeling rather thaa
+, .,. existing that the spinners have
s,as.Ss noid on the situation and may
,Sor,s against a bull fever if one
I'M. suddenly develop. Altogether 1t
NJ Is Il the holding off from entering
,lms market can only be a question OF
oStor suu when 1t comes it will find the
,i,s. ready TO advance with the
Blenders Va 'ue '"'''' ~
.u,n,s,., s Is reckoning. OF course. on the
MI ~. mat the next crop will be the
!, IA ae present conditions can warrant
pry Asect' Anything like a severe In
N inn part OF II would not only have
lons n, aeu'ate effect OF advancing qouta-
sonil speculative buying of futures but |
as spot market, ''''on usefS INTO
'E,.;, lknam pointed this out toduy.
m Host would be disastrous 10 Tie |
gesnh,- year In view of its lstenesA |
M = mad frost last year on Septem-
.ou n, @se the average date in that sec.
Vt nrst fiost Is October 81"
.,flvs,,N something that should he very
.ated eonsidered in crop condition
IN, H. at least, two weeks lake the
" W.. seaooard States and the ,lla- |
I,sours si nas struggled against alinos, |
rost ns Climatic influences. II is al !
lead az /, ng tor rain and perhaps III
fexas Fost may be first encountered.
N sb,rs 10 have certainly had ltu
itrsrdas good fortune this year. 1t |
,cduee as the only section that will |
shortss. crop and now 1t looks as |
: yels ~ ELSEWHERE was going to make |
n ana =. exceptionally great value. TT. |
: wa,eh ~ Vi the most Important things |
ok snec,,, eTelore in regard TO the New |
asss are iasNVe market Is receipts. II |
ereour.~ ss they not only are likely
psices H., .Se splnncrs TO hops for low |
!! their NJ thay Will stop the investors
her VlhS Of contracts On IA |
rld.nr AZ; New York will accent he
slgn Of -, et cotton by the farmers as
i snn., '"elr determination 4, u,ithhoIa
sse os,py IN order 10 rreyent lie CO...
Top p'les. But above ali II any serion,
Y cot,nsss IS recorded thu action -,
" viii users may he overlooked for
'stoale oespsak such a reall; dsngarous