The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-05
LIVERPOOL FELT THE WAVE
From the Governments Report of tfe
Crop Disaster.
SCALE OF VALUES TOOK A LEAP
American Contracts Weakened on Ring
Selling and Spots Continued to Adj
vance-Statistic Again Buliish.


New Orleans. 2 to points higher.
Spots
Liverpool advanced t-sd.
New York advanced 1-16e.
New Orleans advanced 1-8 to LAC.
Houston advanced t-16o.
Galveston advanced t-t6c.
The bull was content to rest on his lau-
rels In yesterdays cotton market The
bear had an eye open for an easy landing
place, but free selling in the ring was all
that could aid his cause, and the display
Of this easiness left the opening gain on
the contracts unsustaned. Liverpool came
under the wave Of the government bureaus
tide which pronounced the seasons crop
disasters. The home OF the foreign ope-
rator bounded high on the current and
viewed the situation with genuine "bulls
eye" The scale went toward the skies,
and 1t looked like the spinner was ready
TO scramble for his "pantry" supplies. The
new statistics confirmed the clrcumstan-
tlal evidence, and the better price advocate
had his case strengthened again. The
week Into sight wis 5000 bales short OF
last years. The increase In the worlds
visible supply OF American fell 5000 bales
behind last years, and the visible supply
Itself was $3.50 bales short The spot
holder had made n good soldier In this
war for the rights Of his product and the
raw material came in for another share OF
the spells, going higher all along the
road
The market stands IN an attitude OF firm
ness, with the victory In the hands Of the
producer. The consumer must now sig
Nifty his willingness to the terms of peace,
and much depends on the diplomacy Of
the triumphant side.
Liverpool was sensational. Sales on the
spot Amounted to 1000 bales at quotations
I'D higher. The deliveries made an nd-
vance of 1864 to 14-64.
New York opened points up on October
and s to 10 up on further months. The
range kept on this level at first. went to
the highest in the morning, and fell back
TO about the opening figures ON the noon
call. After this the scale was lower, with
only slight variations, and closed around
the worst Of the day. In the net result
October, November and May climbed up l
point December and April advanced >, and
the other positions improved and 4
points.
New Orleans started up on October
An Immediate gain ~ = points made the
best Of the day, after which a slow de-
cline, with an occasional l point recovery,
was the course OF the scale TIL the end Of
the session In the net result October
went points higher. November, December
and April points better, and the balance
Of the list gained 4 points. Sales on tbs
American side amounted to $3.50 bales
a. ut
psrk, Houston and Galveston Al New
Orleans low mlddllng and grades below al
vanccd hc. while mlddllug and grades
above were marked MP &c.
The movement assumed no better size
Receipts at all ports for the day amounted
TO 2s277 bales, compared with 19,li3 fo
the corresponding day Of last year. Fol
the week they have been 2lS,5l2 bales
compared with 145os2 for last week Hnt
BOA,OaS for the corresponding time las
year. Thus far In the sonsou they hay,
been 49, 91 bales, compared with sO3,2O
FOR The same time Of last season. Export
compared with ~, sO6 Tor last week an,
226, SIS for the corresponding time Of las
rear Stock At United States ports 10
ihe day was 32S70l bales compared will
n6324 for the same day ~ last week nnt
b57ssS for the corresponding day of las
fear.
Houston expects to receive today from
1900 TO 1900 bales, against ~, l30 for thl
Yame day last year. New Orleans expect
from $500 10 $500. against l6,97S Rst year
An advice from Alexandria, Egypt. which
Is about the latest frem that source, ho
The following 10 say concerning the Egyp
Han crop: "rhe temperature has conth
ned warm and favorable. slight foGs hav
appeared in some districts but II appear
they have done no damage. Worms hav
scarcely showed themselves. Water ha
generally been sufficient. The state o
cotton plants Is good they are bearin
flowers and bolls abundantly and many a
the latter are approaching maturity. Tn
harvest viii be earlier than last year an
1t Is admitted that In the section south O
the delta the first cutting viii begin abou
September TO- and that II viii he genera
by the 10th, save some exceptions, Thi
applies 10 Lower Egypt. In Upper Egyp
and Fayoum the end Of August has bee
favorable MS to temperature, and the loca
tiles noted, which have not had enoug
water. The plants; however. do not seer
not mentioned that the harvest win b
earlier than last wear. The receipts @
new cotton from Upper Egypt are lnsl'
ni6cant. The stock II store Is small an
the holders are generally very firm"
The threatened strike of the textlI
workers at Fall River. which is announce
10 occur Monday III the manufacturers
not meet the demand Of per cent was
Increase, is attracting wide attention. I'll
manufacturers have declared their inte
tion Of refusing the advance. but Mr. Bo
denis recent confidence has relieved n
trade OF much fear from Fail River.
Falrchild & Hobson wired from New o
leans;
III this crop Is really as small as pre-
ent promises point 10. these spring mont
are the huy OF the day. as they will cor
mn' big premium II the small crop
market Is said TO be lA6Ti-16c nj
no mrch doing owing to poor exhibit
select from.
''shlpmcnts from twenty-nIne lnterl,
towns fall under last years by 5000
which indicates another bulllsh statement
The range OF prices at New York an
New Orleans for the active months w.
as follows:
New York Open. High. Low Clol
January ..... S.09W SIP 500 s.01t
March ...... s.05-O6 500 100 7.99-'
January -. Z .96a 7.0s 7.ss 7.s9-i
March ....... 70697 los 7s9 1885
carsill & Richardson's Letter.