The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-22
COTTON IN NEW YORK.
An Improvement Followed Recovery
from The Buffalo Shock.
BEST OPINIONS FAVOR BULLlSH VIEW
Technical Position Weaker Than Other
Features--Fear Of Damage from Rain
and Frost Felt in the Situation.
Especial to The post)

market eventually succumbed TO the iueyi |
table effects OF the disaster at Buffalo |
After making Il strong attempt to with |
stand the decline that took place In al |
most all the other great marts of the
country, the staple finally had to give in
and the great sentimental pressure that
was produced against values In general
brought down the prices for the futures
at the end OF last week to points where
margins were Jeopardzed and many of the
weaker accounts sacrificed. The present
week has found a different order Of
things. however, and on its own account
ana also In regard to the general Improve
ment that has taken place an advance is
recorded which, while substantial, was not
altogether commensurate with the condi-
tions that surround the cotton market at
this time.
All sorts Of news has been received and
Of such a diversified nature that it would
seem that any effect possible could be
produced Rain and frost nave both been
felt and the sum total has been that the
low figures at which the cotton seemed to
rest so easily Tor some time past has been
disturbed and a better level has gradual
ly bceu found for the futures The year
is opening propitiously for the cotton
world as viewed from a speculative stand
point At least this Is true except in one
regard, and that Is the technical position
/ tn which cotton now exists. Liverpool
and New orleans are both working, IL ap-
/ pears, against the interests OF New YORK
and a manipulation is undoubtedly being
carried on through them which Is not TAX
/ ing into consideration the brokers and
/ operators at this point However much
+ this rs to be deprecated and however bad
+ ly New Workers may feel at having the
! position exposed. 1t Is nevertheless the
/ case mat this point lis not the one at
/ which figures are made ana tho control Of
/ the market has to q large extent passed
/ out of its hands Exactly why certain
| operators should choose this manner OF
! dealing ls not altogether easy of eNplana-
ton. and the PROBABILITIES are that this
Is only temporary condition. But never
thclcss 10 exists aud must be taken into
account mt this time. II appears. too, that
the movement In prices that Is caused by
the operations Of this clique are In no
kct viii take provided 1t Will follow alone
the mere mattcr Of fact and news as 1t
appears FROM the belt. In several In
stances they have "bucked' the market
Il small crop TO put prices mp nor the
promise OF large one 10 send them down.
u Is au unfortunate and unhealthy coudi
ton of affairs aud when the belt sends
forth certain ntclligeuccs about the CON
, dition OF the staple that they can not be
} dlspleasod or overlooked ana as q result
the workings Of any special interests are
uvcrthrOwu, 1t will be a good thluE for the
cotton world MS "a whole ana for New
York In particular
The end Of the week brings news OF
frost from Arkansas and the Middle West
J; aud Is au unexpected development In tn,
, situation ana caused n certain nervousness
= among those who wero short Of the staple
and especially among spot men who ha'
=; bought for actual future delivery. !
y caused Liverpool 10 send Ia higher quota
q tiuus, and even at advanced prices her'
d %