The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-02
OPENING OF THE SEASON.
Bulls Rather Inclined to Assume an Az
eressive Attitude.
THE NEW YORK COTTON EXCHANGE CLOSED
New Orleans, However, shows EVIL
dencc of Squeeze In September
and So Does Liverpool.

September opened with the bulls rather
aggressive and inclined to take advantage
Of the strong statistical position. New York
was closed aud New Orleans was alone in
evidence. The Liverpool market showed that
September cotton is wanted and wanted bad
w. Spots there were advanced from 1-1Gd
to 3-lsd. and this after s-lsd advance tho
two previous days.
In none OF the markets was there any &C.
tivity whatever. Transactions were extreme
ly smhm. az Il was a half holiday, and with
New York out OF the game no element
seemed to be anxious to take the aggressive.
Secretary Hester OF the New Orleans ex-
change published his annual statement. but
1t had NO effect. as the trade had already
discounted the statistics
Weather news was. as usual Of late. OF an
assorted variety. Tho Texas map showed too
much moisture. and II the rains continue
considerable damage will result in sections
where the present outlook is bright.
Everything points to an attempt to corner
September Just as July and August were
manipulated. and those who are on the bull
side certainly have everything coming their
way. October should also attract attention.
particularly In Liverpool as 1t is difficult
20 see how deliveries can be made there with
hiah prices. high ocean rates. late crop
movement and all other elements against
prompt delivery.
Futures In Liverpool closed SEA up on
September. 2-si up on September October and
LEA to s-6i off on other months.
In New Orleans futures opened point of
TO 8 points up and closed with August up 10
points and other months c to 8 points higher
than Friday.
The New York Houston and Galveston ex-
changes will be closed on Monday.
September Manipulated.
Cargill Richardson say September cot
ton in Liverpool was in the hands OF ma
nipulators this morning, selling from 80 ar
the opening 10 5.42, net advance OF l6-6iths
from yesterday, then back to 532. soptem-
ber-October closed 2.64th higher. but tho
winter months ero easily 2-giths down. In
New Orleans the spot month, September,
was bid no lS points by TIE same old bull
crowd who have spent the last two months
IN trying to squeeze July and August It
is rpmored that short interest exists IN
that month. aud that tho continued rains Will
bG letard the movement rs to make the
squeezing OF shorts easy. Undoubtedly spo.
cotton viii be In good d.mand for some time
We al ltlhenpeI tIat tho Southern spinner
was the original bull last year, and Dough,
freely at the low prices during the fall, His
Northern and foreign competitor did noe.
Inc commercial crop Just ended was 9. 400 900
balea IN round figures. Tho amount OF cot
ton carried over from previous years and
marketed last season rs yariously estimated
al 100000 10 100000 bales. Allowing the lesser
hsutes are nearer the fact. the amount OF
cotton raised last year was 1900 900. Now, al
lowing that the States outside of Texas
market the same amount OF cotton thsy did
last year land advlces do not indicate that
they Will do more. and give Texas, Indian
territory and Oklahoma a maximum OF 3, 500 r.
Voo bales. the season OF 10000 will SHOW ID,
OlOOn bales. True. trade enn hardly be- ex-
pected TO BIO rs good as last year, aud the
hlgh prices may curtall consumption some
what but with the visible supply down IA
'oo,OW bales now. and total supply TO draw
from OF hardly 1O,500,000 baleg OF merohanta-
be cotton. We can see absolutely nothing TO-,
basis to bear cotton Tho south has mora
money than over before. and can not be
forced to rush cotton into the market. as
crop years.