The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-12
FUTURES CLOSED HIGHER.
Slight Advance at New York, Better
at New Orleans.
LIVERPOOL MARKET GAVE NO SIGNALS
Ellison Estimated a Consumption of
Eleven Million Bales American This
Season-Spec ulaticn Absent.

great deal in yesterdays cotton market.
The sLme old scare crows doomed up to
fright the fearful souls and to stem a swift
flowing OF the tide In any direction. Flu
lures climbed a little, while spots under
went very slight alterations. But sdll
there remains relatively large gap be-
tweer the valuation of each, and 1t is
likely that several movements In opposite
directions will be required of the two,
before they are on a level as even as that
which ought to prevail. The ailments Of
the cotton field remained for nature to
cure or for exposure to render more fatal.
In the meantime anxiety must be tenn
pered as the disease is one Of slow pro
cess. Opinions on the outcome are eN-
trcmely varied and many wish to venture
cautiously on that phase of the situation
until after the equinoctial period which
sometimes brings disaster In its path A
better estimate may be then obtainable
as the coming of frost will be the only
Hateful event left for consideration. The
consumption can he more soundly measured
to the apparent production, and 1t will be
seen If the plight of the raw material
buyer will place him on the holders mercy,
II he would so shape himself that he may
meet the wants of a world that will cnll
for much ere the fruitage Of another cotton
year has come upon the ground. The real
rere works are apt to be delayed until these
things come to light Many curious
story may do some work In the interim,
and the manipulation may score in few
of TIC innings. None are willing TO com
hat the conditions that may arise, however,
and consequently speculation did not come
Into the forum yesterday with vim that
produced any results.
The trade was careful to divulge no
pointers Ellison gave his figures claiming
that nj least 100000 bales of American
would be required for this season This
Is not more than numerous ones expect,
and the impression was of little effect.
Weather for the day was favorable for
growing and picking With the features
of allegiance and hesltating sentiment
IN the air the contracts went generally "A
little better particularly at New Orleans
Liverpool offered no cue to the watchers
from afar Sales on the spot amounted to
COCO bales at quotations unchanged. On
the final call deliveries dropped AGA on
current options and to 3-G4 on further
ones New York opened | to 4 points
down and remained on that level few
Minutes break followed and about 10
points were lost In the first hour which
generally lasted till In the afternoon n re
covcry was made and the advance con
tinued until the close. In the net result
September October November and May
gained | point and the other months stood
unchanged. New Orleans began . to 4
point, under the previous close and went
lower TIL the midday call. Aftcrward
higher range set in and continued through
out the session. In the net result Septem
Der advanced 10 points and the latter de
liveries gained 3 and points Sales o
the American side amounted to 5567 bales
Spots declined Lice ut New Orleans ant
stood without change elsewhere.
The movement was on a parity with
previous ones. Receipts at all ports fol
the day were 9169 bales. compared with
1U,ll2 for the corresponding day OF las
year Since Friday they have been 3s941
bales. compared with 1854 for the sam,
time OF last week and 52,ss5 for the cor
responding time Of last year. Thus faI
in the season they have been s6,9i6 bales
compared with 94,2S0 for the same tim,
Of last season. Since Friday exports have
beer II, 401 bales, compared with 80, 49,
for the same time Of last week and II 81.
for Tho corresponding time OF last year
Stool at United States ports for the dag
was 22IS6S bales, compared with al co.
for the same day Of last week and li7, so
for the corresponding day of last year.
On the decline OF the early session Ne\
York wired Market declined In const
quencc of offering to Liverpool from
Southern Interior points, and large trader
manipulating contracts there and here I
buv early Texas receipts"
A later private wire from New Yorl
said Cotton dur but very steady. Thin
we are very close to bottom prices now
Not much risk at present prices"
Hubbard from New York said "Cottol
acts lower though local traders arc long
] believe weather conditions too good"
Fairchld & Hobson wired from Ney
Orleans: "New Orleans is selling In Ne"
York as speculation is insufficient to sus
tain this long market. Spots and f. o.
are said to be pressed for sale
Locks as though there Is not much shor
Interest In spots and as the interest In COZ
tracts Is still long market is easy AM
lower"
The range Of prices at New York an
New Orleans for the active months was a
follows:
New York Open. High. Low. Close