The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-10
REACTION IN COTTON VALUES

! Judgment Of prognosticntors at present In
the held and who VIII be beard from
the later growth Business was moderate
ly active and the course Of fluctuations
left no doubt as to the decisiyeness Of
Liverpool was stlli the fountain OF bear.
lsh hopes. Sales on the spot amounted
to 1900 bales at quotations lower by
2 points. Contracts made, q hnal ADVANCE
OF 2 TO ACID. The English market feels
secure until tho death-note is sounded TO
the growth ofe the crop.
New York opened unchanged on October
and to up on later deliveries. A slight
easiness at once made bottom prices,
which prevailed few moments and were
followed by a steady rise, reaching the
best Of the day in the latter part OF the
morning. small reaction appeared on
the noon call and the weakness extended
for an hour, when a full recovery took
place loss OF this made the range dur,
Ing the balance of the session. In the
next result November gained 10 points and
the other options went . 10 points
higher
the previous close. stendy recession
soon began and, bringing bottom prices,
made little other variation during the
first hour. gradual advance then set
brought top prices Immediately after mid
day. A slight reaction occurred In the
middle OF the afternoon, but best prices
we're finally regained and stood TO the
close. In the net result October and No
ver;ber and January advanced points
and the balance Of the list gained aud
s points. Sales at the four American mar
kcts amounted 10 1928 bales and spot
quotations were not uttered.
Tho movement was again on the side OF
conservatism. Receipts nt all ports for the
day were 81 400 bales. compared With co.
III for the corresponding day Of last yeai.
Since Friday they have been 2iT092 bales,
compared with 1921 for the same time
Of last week and 231, 400 for the correspond
ing time Of last year. Thus far In the
senson they have been 1,27s,I27 bales,
compared with 760,S9s for the correspond
Ing time OF last season. Exports since
Friday have been 1854 bales, compared
with 26O. $40 for tho same time OF last
week and 1898 for the corresponding
time OF last year Stock at United states
ports for the day was 4O3,2fl bales, com
pared with 367O6T Tor the same day Of
last week aud 49, .434 for the correspond
ing day Of last year.
Tho New York journal OF Commerce re-
| ports new developments In tho cotton yarn
situation In the following
Tho market for cotton yarns has made
| further gains this week, as shown in the
higher quotations given below, aud at the
close Of the week these quotations arc be.
Ing bid oftoner than they are accepted
In addition to the fact that splnners are
I very conservative there are indications
/ that some speculative sellers have beer
| caught short aud are doing their best C
/ cover their obligations.
The demand from yarn consumers has
! been OF fair extent, but all the business
| preferred has not been accepted. Boil
! weaving and knitting yarns have been II
! demand, and purchases have beer
made at advances OF hc IN series o
| numbers, compared with prices ruling (
| week ago.
The market shows the situation, so IA
/ as yarns In stock are concerned mucl
| improved OF late from the sellers point %
| Wow. There seems TO be little in th,
way OF surplus on hand. In connection
| with forward contracts the raw cotton SIT
| uHfiOn hgurcs materially. The genera
sentiment OF spinners Is to so slow n
/ accepting orders for future delivery, ~
/ even with the advance In yarn prices
there Is no inducement 10 accept order
which have to be covered by purchase
OF cotton.