The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-26
COMMENTS ON COTTON MARKET.

western and northern portions OF South
Carolina, buyers came In, causing an adj
vance Of IL points FROM the bottom. About
this time Mir. Ruston, who Is here. con
armed the rumor about his estimate. which
accustomed Is break of $ TO o points from
the top, making the close practically an
changed from yesterday figures.
The amount brought milo sight during
the week WINS 5I6 OOO bales, against 4pi, nNO
inst yrur, and the total marketed to date
has been 1851 600 bales, against 2.6GO,oN0
last year. The twenty nine leading interior
towns for the week nave received $4,000
bales. against $4,000 last wear, The Visit
bic supply Of American during the wcrk
increased 3l2.OoO bales, against II gain ol
2G9, 600 last year, aud aggregates 2,h@3Jh0
bales, against =. 2Q3,uO0 last year. The total
stock Of American ashore and Hduat for
Liverpool is 100000 bales. against o3s,00O
last year,
rho temperature has remained stationary
IN tho South aud the government predicts
fair weather generally durtuE the mkt
thirty six hours with a possibility Of IFS he
ing cooler In Texas and some other syc
lions. There Ia no question about tho IA
vorable weather prevalent for tho past Sly
weeks has added largely 10 tue Yield and
hps been instrumental In Increasing crop
idcas. Mr.. Buston'S estimate Issued TO-
day OF 1O.TdO.OO0 bales aud, with latv frost,
much more, mas naturally arcrntuatod thai
feeling
There IRE many. however, who believe RI
reaction Us due on the expectation n lighicr
receipts next week, which viii be brought
about 10y planters refusing 10 meet inc "'
cline.
such an improvement may bc establish
ed. bur n ~ unlikely thar any enhancement
ran he maintained unless killing frost nH'-
t|orlolize soon and the receipts fgil on de-
cidcdly. u. ~ II he'''
CARROLL g. Richardson's Letter.
Houston, Texas, October 25. FrostS pre-
dlctcd for tonight at exposed places va
North Carolina caused temporary advance
Of about ~ points IN our cotton market
today. but Mr. Buston couuteracted the Of
feet hy issuing q crop estimate Of i0,75o,oO0
minimum, with much more II late frost.
Neither Of those Tea urcs should have much
/ cnect on prices. IT makes little difference
whether North Carolina raises some top
crop, or whether she doesn't, Georgia,
Alabama, Mississippi, Arkansas and Texas
are the States that count, and We are
sorry TO say Indications are for continued
fair weather In these States. As FAR as
Mr.. Buston is concerned, little reliance
cau be put on his views. lie arrived whom
coming 10 Houston on q morning train and
left on AN evening one, and while, no doubt,
ne has examined some fields carefully. he
has viewed most of the cotton belt either
! through drowsy eyes ut night or from ear
windows in the daytime, aud we all kuoN
that opinions derived In this manner awe
worthless Today Liverpool was laGl
down, closing about unchanged from yes
terdny; sales 5000 hales, prices unchanged
New York closed . 10 > down, New or
leans / mp to I down Spots iiG dow In
Houston. unchanged elsewhere. The move
ment today was again free, the weekly iptt
sight being especially heavy, 1J5,0fS vs.
4a3. 1855 LAST year. Total TO date 2,3GO,62l
W. 2.6G0,348 In 1890. Liverpool stocks oI
American In warehouses aud ahoat ld30B
vs.. $4,000 last year. Cotton Is selling al
a low price. and that is about all that car
he said In It's favor. The bears are large
ly iu the majority and are acting ycrS
/ aggressive. Conditions seem 10 favor them
hut a radical change may be seen at ans
liverpool is due to be t-e4 lower tomor
row. Cargiu 4 Richardson,
Cooke, Moskowitz g. Co.'S Letter.
New York, October 25.-"Notwithstandlnl
severe break on our late market yesterday
cotton cables came unchanged to a poinI
higher. showing an lndIsposition Of Liver
pool 10 crowd the decline further. ON
markets opened weak on selling out Of three
longs, who were unable 10 margin trades
This selling OF heavy stop orders which
carried the January option 20 7.60, the low
est price since October 3 before the gov
ernment report was made public. The room
traders 0yersold themselves and In thei
effort to cover contracts advanced the mar
ket rapidly to 7.S2. The upturn was &C
tolerated by rumors OF a very bnllish re
port TO be sprung on the trade by Bustoi
predicting ten and three-quarter millioi
crop. The present crop has, however, no
vet been counted. The Impression IL grow
ing on the trade daily thai there Is con
siderable cotton, good ordinary and abOYi
living around loose In the South WHICH wa
raised 10 be sold. Fort receipts today az
greqatlne oyer 5000 bales against $500
iast wear Whon the movement was though
10 be good. D come IN sigh" for ia
week was 553.04S bales against la3,AA5 bale
a wear ago. The weather Is superb, csttol
Il making NJ tho rate OF $4,000 bales pc
dav and a continuation OF present condi
lions Tor three weeks VIII cause q radl
cal revision OF crop estimates With pres
that ali anxiety Of consumers should D.