The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-11
WEATHER A POTENT FACTOR.
Spectators Generally Would Welcome
akilIing Frost.
ADVANCE WOULD CAUSE LIQUIDATION
This Feature IL Preventing Any hi-
fort 20 Rush Prices up-Cottoh
Relation to other Commodities



Nev York November t0.-Just now New
York traders are inclined to Nish good
tiliirx frost would come and give them
chance 10 count the bales. Some of them
Imagine that new ones are appearing on
eysry plsnt while others scout the idea that
any material increase can take place, even Il
frost should hold off for the entire winter
As a matter OF fact, New York is lust
little beyond its depth as Far as trying to
appreciate the conditions prevailing in the
belt There are some men on the exchange
rho know the art OF cotton growing from
long exuerisnte as well as any planter now
picking his own fields. but at the same time
IL must be remembered that very many o;
those who have most to do with the making
and unmaking of cotton prices never saw
the staple in its growing state. 1t is not the
tme OF yearsshen their agents are making
estimates upon the scene and altogether thew
feel littla out OF touch with their own
market The result therefore is a very nat
ural enc. Prices are tluctuattng within a
rather narrow range and with unsatisfactory
results. they are going up one minute win
all the appearances OF genuine advance.
and again a decline can be started without
much spparent reason that would look like
the beginning OF a serious break me rae.
is simply that no one has for the moment
any great confidence either way A very
llltle advance causes liquidation and when
the options react there is some snort se!lhs
and more buying for the long account
strongly held contracts are not in this way
shaken. for there is no reason lot me tss
bull 70 md d.scouragsment IA onytehg ina
has occurred In the last fortnight.
There Is feeling, Markham SAID on
day this week that a very snail rise WI!
cause considerable liquidation and this L
preventing any efforts 10 rush prices up
Here then is the real stumbling block &
higher figures. II would COS 5000 dea
to carry the options above those ngure
Gus Those who are most anxious to DO 3
are waiting for the frost 20 ara tnem an
when /; ONES the cation market Will asa
be Tut upon logical ami reasoning basis
The great event OF tie weak has acted pc
euHarly upon the prices % futures. n
result OF the election WIS not uheNpeele
ana should have been hullish news 70 theS
Who finance Inc countrg's most Naluapl
crop over the holiday Tuesday the Liver
pool market advanced several points an
Tie sentiment Of the eNchnnge here shUui
hare carried prices up. but this u taiIe
10 do. The reason Is not easy 70 under stan
except that in this day the interests OF IN
cotton and stock exchanges are so closer
allied that considerable boom n one a,
seebs the attention that would Otherwise
given 10 the kther. This thing has occurr'
several times during the last year ana &c
tain Il IL that dizziness In wall street
Hanover squares opportunity. Wnen q
stock exchange rolled up a million and
half shares on Wednesday the comrlssi'
houses at least overlooked cotton. WHY
ssae however the professional element IN Z
latter market could not have used Live
po5l and some Other existing conditions
make prices dare a little bit can NOT
seen. but, then the frost question is 81
mystery. -.
The market Is sluggish because the broke
care n be So They lark public supp'
and they show II LIVERPOOL is believed
have been more awake and TO nave got'
held OF little Of the staple Al prices
uhieh II should not be allowed TO have
tained r. The New York market has
months been very dependent uIon the O.
tatIons made elsewhere Nov it seems Il
the British buyers are willing to take
vantage q its apathy and indecision
Liverpool buying is going 10 make
options lust so many points higher ana IN
is overy reason 10 believe tfat there
be m improvement In the dry goods VI
ard the purchasing OF raw material IN
country These nre legitimate facts NJ
which one MAJ logically speculate ana
the end while stock speculation may detr
nom the interests in the cotton market
while, builishness in that quarter VIII
some extent produce i N the adjacent
changes II seems likely that the sn
traders will soon be brought into az
operation and with cotton ~ &c cents
even some fraction above, they will mn
commodity that presents legitimate attl
tons.
Tho staple as a speculation is far II
widely known than II was three years
Its public ia already created and unless IN
As some decided miscelcuiation puplc
frost rs all that is needed to send pr
up One may be as elusive rs the OF
but then Il Is presumed that frost n
come sometime and as much can De
nerhaps Tor the public