The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-15
COTTON IN NEW YORK.
Work Of the Revision Committee Fell
Flat.
THE GENERAL SENTIMENT IS BUlLISII
LIVERPOOL and New Orleans Manipula-
tons Hold Operations Back--Mr. 6or-
den's Purchase Had No Influence.

(SpeClal TO lnC fVSt.i
New York. September lathe work OF
fhe revIsion committee Of the New York
cotton exchange fell rather fat and had
little eject upon quotations as a whole.
Indeed. in the present market the usual
influences that put prices up and down
have lost their potency and we find quota
lions estrnying about without regard for
facts as they appear at this point. 1t Is
hardly fair TO say that the market is not
under control. but 1t is certainly the case
that the surface indications as they are
seen By the casual observer of the bench
are not those which really sway the deal
ings and make the figures.
The story Of the week has been one un-
eventful declire. often in the face OF bullIsh
news and hesltancy has been shown on the
part Of the public to enter the market and
little is being done By the more conserya-
tive element Of the professional class 1t
is certainly not an easy thing to do. going
short with cotton at ~ cents, and yet If
one were to follow the trend of prices and
scalp the market there is really only one
side to pursue II is as II Judgment was
being held in suspense. while some great
event was being settled, but MS important
as the revision was ii should not really
have been honored TO the full extent that
II has been during the past week. Now
that it is over, there seems little In the
way 10 prevent cotton prices following
the course OF the cost which facts lay out
sor them, but 1t Is evident that both the
professional element aud the public are
not looking for any great change to take
place in the immediate future and are re-
garding the market with a llstless if not
positively Indifferent aspect. To sit down
and talk with some Of the brokers one
could be led TO believe that the whole mar
ket was a bullish one, for the cearest aud
best judgment Of those who are most cogai-
Esnt Of real facts and conditions Is that
an upward move IS the natural thing 10
look for and to expect at this time Ii is
needless TO say that this is not material
lied, and what IS holding il back Is rather
hard to understand.
Only one explanation OF the present
state of affairs can fairly be given, and
the clew TO that Is TO he found In the way
liverpool has acted Tor almost a month
back. At most unexpected times when
appearances here would give the idea of
better figures for the day the foreign mar
ket would come in with a decline below
our closing hgures or the cne before and
cast damper upon operations.
II has long been known that manipula-
Hons have been carried on between Liv-
srpool and New Orleans, TO the detriment
Ms some have believed, OF the New York
market Indeed a very pretty little row
q
Eue to this supposed fact, for some have
openly advocated the transference of specu.
l&tive accounts from here TO the Southern
exchange There has been more or less
bitterness displayed In the contention, and
However true u may be, the factor re-
mafHs that New York has for the time
oeina; lost its hold upon the making Of
quotations and does not occupy the position
u should always have In the cotton world
Al most, however this Is but temporary
Uate OF anairs, but operators here nre
suffering from II. and their faiiure either
TO make the price or know to any extent
The way figures are running is causing them
no end Of anxiety and apprehension.
To leave manipulation and turn TO facts,
we find that Mr.. Borden has bought M
another surplus stock and the market GAS
not been influenced thereby. It is an i'm
portant Incident and should be cause OF
considerable encouragement To the hull on.
orators. for II shows that the demand for
COTTON goods Is not fictitious one, and is
likely 10 continue from now on Again,
the foreign fabric markets are In excellent
condition and while the Chinese and jan
anese fields have been opened 10 us we
ere not able yet TO feel the Inevitable effect
they viii have, In other words the Condi.
tons ere all right, but the market itself
derNand what may happen next, seeing
that the sway OF pure reason is not being
tnduiged in. When matters have straight
ened themselves out and the influence OF
the LiverpOol-New Orleans combination
ceases TO be felt. we shall find that prices
Ior Fhe commodity are below those which
facts warrant Stuart Acheson.
Nothing occurred IN the American cotton
markets YESTERDAY further than the opening
of the doors Of the exchanges and boards
of trade and meeting Of committees who
Framed proper resolutions OF respect in
honor of the illustrious dead.
Liverpool, too joined in the tribute Of
love for the nations ylctlmlzed magistrate
and not breath Of business was breathed
In trading circles.
New York Dry Goods.
New York, September 14.-The death OF
the president caused marked falling of
In dry nnnds tnAa,- ma MIN IL.