The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-30
LARGE MOVEMENT AND SUMNER
WEATHER CONTINUES BEARISH,
Governments Weekly Crop Report Made
Little itnpression---Liverpool Weak
ened Agair---Vaues for Week.
AT nae Close;

AT THE CLOSE:
Liverpool, to 3-64 lower.
New York 10 to 10 points lower.
New Orleans, IA to II points lower.
SPOTS:
LIVERPOOL. t-6d lower.
New York. 3-t6c lower.
New Orleans. 1-sc lower.
Houston. 1sc lower.
Galveston. UNCHANGED.
Again proceeding on its maynard course
the cotton market yesterday stretched fur.
ther the tightly drawn strings of bullsh
hope. The oyerpowering movement pressed
against the price-scale and almost tipped
the IA mark at New York and likewise
the IA notch at New Orleans The rays of
"Old Sol" butchered all the frosty pros
SneSs and helped to make a bearish hoii-
day. The governments weekly crop re-
port was submitted. but it's powers of
speech pleaded naught but empty words
against the beauty of the summer-lke day
and under whose protective wing the bear
ish ENJOYS spread many n story OF new
cotton on old stalks. The government still
chung to the theory of shorter yield, hut
Il was said that across the water some
remoter authorities put the total away
above last years figures aud that posi-
blities under Mr.. Neilrs estimates would
make range Of about 100000 In the diff
ference that wonld be indicated by the gov
ernment's reports. He was said to have cal
culated II 10000 crop minimum. How
ever 1t was. the big English market was
suhservient to the edicts Of the 1eecy
staples enemies and gave q strong glance
20 all bulsh passersby.
On the American exchanges It was hard
TO md a single beam in the clouds OF
pessimism. Even some Of the veteran bulls
were getting sick at heart from hope de-
ferred and heavy long interests We're com
ing to the bargain counter to unload.
The 6rst and second movers Of the product
responded better to the bcarsh music and
freer offerings reduced the spot value scale
at almost all the centers
The lingering summer weather ana the
contradictory volume Of the movement en-
abes the cotton market to stu defy any
semblances OF reason. A departure of either
can only open new road for ascent. The
best weather prophet or forecaster of sta.
tistics will reap the largest proht ten
porarlv, while industrial Europe must
stand as a powerful signal to the drift OF
later winds
Liverpool quailed before the imaginary
supply OF American cotton. Sales on the
spot amounted to 5000 bales at quotations
asd lower Deliveries on the last cal
stood l-64 and 2-64 down on near aud 1854
less on far deliveries.
New York opened 10 points less cur
rent and Z to down on further positions
An immediate advance Of points made
the highest of the day. The scale ranged
gradually lower afterward aud touched the
bottom In the morning. An improvement
till the last two hours, when a drop Of .
to 2 points formed the range till the close
in the net result December dropped Il
points May ; points and the balance o.
the list decreased II and II points.
New orleans started Il less on near anC
10 to II points down on remoter options
The scale rested on the first level In th,
early part of the day, then declined ant
recovered ? 10 3 points. keeping within TN
range until after midday, when the hes
was reached. The scale eased of slowl,
the rest Of the day and closed aroun,
the lowest. In the net result Novembe
lost II points January II and the othe
months went Is and 18 points lower. Sale
on the American side amounted to 0j1i
bales. Spot quotations declined 3l6c a
New York, Nc at New Orleans and Hous
and did not change at Galveston.
Following is the text of the bureaus
weekly crop and weather bulletin:
New Orleans, October 2o.-Clear anC
warm weather throughout the cotton bel
has been exceptionally favorable for matur
Ing and opening cotton. Picking has mad,
rapid progress and reports from nearly al
renters say picking Is well up and abou
completed in many localities
The yield is generally below the average
in Texas picking mas been uninterrupted
aud except in the bottoms has PRACTICAL!
been completed. A light top crop will III
made In Texas II there is no killing fros
In the near future
NORTH CAROLINA Raleigh; Cotton il
being picked rapidly and is almost com
pleted In places. Many bolls unopened anC
all reports indicate short crop.
"a SOUTH CARoLINA.-Col CottoI
opening we'll except slowly over the west
srn half, where plants are late Over thu
EASTERN half of the State picking Is abou
finished. Late crop Is developing favor
ably.
GEoRGIA.-Atlanta; short cotton ap
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