The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-20
tspecIsl to The Postl

| NNFNNint " Tue IoStl
! New York, October l9.-with the frost
IN the air aud a little bit Of it in the
stouhd' together with the fact that the
! Ne" FORK certified stock Is down to some.
"nere around $4,000 bales. 1t woald seem
as II cents or so was not very satisfac.
tory price for the commodity. Yet In spite
q "hat was considered boom these are
me figures that present themselves to spec.
u'ators on the New York exchange TODAY
and while there is every promise Of m
advance Still the movement is slow and
'ne getting OF the public into the market
Is about the hardest ordeal that New York
commissioners have ever had to contend
WIN The complaint from the brokers is
Vhe same on all sides. II we only had the
PUBIC everything would be smooth sailing
uut mat indefinite quantity Is very hard to
catch hold Of and seems to elude the most
persuasive Of letter writing aud does not
respond to the best sort OF circuIarizinr
Nevertheless, there are more outsiders com
ing into the market this time than for
many months past. and really there shopld
De more encouragement felt than the average
PROFESSIONAL is willing to recognize. Prob
"oE mere Is not house on the street.
nor amongst the purely cotton firms. that
mas not had old accounts reopened and new
ones entered in their books during the past
fortnight; but the number that have so ap-
peared is miscrably small compared TO the
very many that We're on hand when much
less was offered in the way of n promised
advance In the white staple
IL Is realized that one OF the strongest
situations that ever presented itself TO fine
cotton world is at hand at this time. There
a. a. PecuIar unanimity of opinion among
ana privately and they all show that M
exceedingly small crop Is inevitable and
on the other hand. the best information Oh.
latnuOIe Is TO the effect that spinners and
exporters are practically without the com
modify and are merely buying enough for
dhelr daily needs. If there was a large
amount of cotton headed to New York their
SueeIulness could be understood, but this
Is not the case nor is it true that other
ports VIII be ready in any reasonable time
70 furnish the market with enough of the
Mhite staple to permit those who need it in
ABOUT the supply which they have at hand
And then, too, the great monster that has
always been so potent In the cotton sit
appeared and the Mem
PMS district and the section around Yazoo
City has suffered materially from the
bhshting of the plant by this cause We
near, however, that different holders Of
stocks refuse 10 allow the little that they
figures as at present prevail The best
Information that can be obtained by spot"
men who seek TO draw out cotton at this
time is that there is very little IN the
hands Of farmers and thar little they pro
pose TO hold until materially higher prices
are reached. On the other baud, 1t may
be mentioned that one New York drm VINO
through an error was loaded down with a
few hundred bales of cotton which they
must hold to their own account, refused
to sell the spot article until their hoard
member has affirmed al least another cent
added to It's price
There IS a general suspicion lurking about
the cotton market which Is not easy 10
dispel Those who have entered II In the
last six months have suffered from disap
p0intment and they refuse 10 be Hlured
q gain by what seemed To be favorable con.
ditionS for an increase in price But. ney.
this prejudice Is hound to be
wiped out Il the present situation continues
and II is hardly possible TO see how any
decided change can take place in IL from
now on where the crop is destroyed 1t
certainly can not be resusctnted, and the
chances are wholly against any second crop
10 all sections of the belt X is too early
10 count the bales one by one, bur II is
nevertheless possible 10 see where those
that have been counted upon will fail TO
appear At any rate New York Is waiting
for the great outsiders TO help her put the
futures up TO what are undoubtedly more
correct figures Stuart Acheson.