The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-19
BULLS CONTROLLED COTTON.

weakness at once brought bottom prices
aud a gradual advance appeared lmucdiht'.
" aud continuing Tor q hQN hour form
a lcvei that prevailed with few changes uh-
III the close ~ the morning. small Ie-
ccsslon occurred lust before midday, buy
q rapid Improvement began after that call
aud continued until too prices were reached
and from which there was little variation
uutll the anal call was made. In the net
result August advanced points. Septcm-
Der 2 aud the later months gained points.
New Orleans started / poiu' M 10 !
point below the previous close This was
the lowest OF the day and Il steady upward
move set In at once, causing best prices 10
be obtained 80 the end ~ the hrst hour.
in evidence by noon. to point Iess
formed the limit NJ fluctuations In TIE
later session. with the lower prices Pre-.
vailine az the close. In the net result Au-
gust increased points March Und the
balance Of the list went I AMI points
higher. Sales az the four american mag
tcis amounted TO ll26 bales aud sDoi QUO
tations were not molesfed.
The difference In the comparo,iYe volume
~ the movement was sual.i Nacc.pts ~
alt ports snr the dsy wgyr net h7!ss, "n-
pared With 25aT for ;i'c corresponding day
~ last year. Since FRIDAY they have been
1891 bales, cumpalCi with lI-S tor tAe
same UHe uf iast Ner4 card 1851 t5~ tat
corresponding time % last yr7r IAis iat
In the season they have been 400, 2ll
balrS. compared with 7,4-N93 FOR the cor
responding fiHiC of Last season, Exports
stree Eridnr hasc been 1922 hllcS. com
pared With PISS fer 10 some time II last
week. and 0-n} Ter the corresponding tiiu"
Uf INST y,fr Stock az United states ports
fu- ia. lav va~ lIl.11u bales. COMPARE
alI a'2.es .1r tho corresponding day e.
lIst year
Tae New Yo-t 1ou-aal Il Commerce thus
dc-.rlnes tac 7asiIa q Che market
ASH for The cru II ,hc coat.aned hrm
Ness IN tA, soften ana yuu VII. he likely g.
rc.cive for answers. Wa. street bulliBs,
shorts covering It is claimed that wi.h.
10 less than two weeks Wall uocl !uter
esis have changed from line 10 loUh
bai-s short cotton to iiue OF lu0.UNJ hdles
long cotton; that this change 90 front was
NOT so much an affair ~ tIc heart as it j.
Gn affair u the head; that recent NuA
operations led by q Wall street operator
have Neyu predicted upuh the theory SA1t
jhc marACt was entitled 10 an upuIrl ce
the accumulation of heavy short inlcrcs
otcrui s'auptiag good crop conditions, ana
that, iu any event. q would bc good huSi
uc.~ Go work for higher prices iu ORDER jV
make better selling basis SIN lustincu
but Coz the short inIcNst, 10y generally
favorable crop accounts. The reccnt up
ward movement. therefore. is regarded
clieay as an affair cf speculation.
According 20 private forecasts there Is
liBely TO he rapid increase IN the NOV,
Wcut Of new cotton from the plantation
Sonn 60 mgtcyialize az the interior towns
With Texas promised 90 furnish % partie
ularlT pfrcoCious movement Houston 1 j..
looked 20 ior o large block ri cotton wish
in few DAYS Rut be the movement in
the Hear future comparatively large
comparatively small tho bulls rely upon
demand from shorts and from spluners and
exporters 10 absorb the new receipts 10;
some time 70 some II Is asserted thar
large C'earaucrs for export from the New
the absorption OF ocean freight room very
rapidly Of late with the continent decided
lv Cu The anxious seat as to early suppl
~ American cotton, having run out Of OLE
crop stock. This sort ~ talk gives th
market IN rnaertone Of irmucss indo
20 como from Wall street August an
Ssrtcmhec cotton continues IN demand 70
Philadelphia account rs well rs tor the 81
count af certain local German firms Prom
mont bulls appear 10 be giving support
thc market Jnnuary IS She specua-it
iGvcrltc With parties mabirC new vcnt"rr
ON fae long si2H ~ the recount Their"
cousIdcrabic Investment support thrau-
commission houses and lNnt little cotton
for salc for short account. The action
tho IiverTsooi marker ls pUEEler. man
think The English market Ike the lor
MARKET IS more or less Influenced by NJ
uiru'avion The South covered and wgN
I Prevailing sentiment howc~cr. rnn NOS
called decidedly hUlNsh Should the M.
E KEY advance decidedly there will Ne som
( extensive ceiling far short account. VIE
J the intention q remaining nv that sil' 81
/ the market fer me long null Crop, new
continues eenera+.r fayorar.e' Win the a'
. Vices from Texas particularly SO.