The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
COTTON MARKET FLUCTUATED.

ward higher prices will stop NJ an carly
date and that n heavy movement is likely
to be resumed again nt an early date ana
will come With rush and scare the bulls.
This Is not credited By the bull factors,
who look for, steady movement from now
on and place little faith In the outturn or
the top crop. which is expected by some to
boost the later movement
Little can be said Just now regarding
the extent q the top crop, as late reports
are so conflicting.
worse aspect over the Southern States
than has heretofore appeared this season,
and II appears that forerunner OF wintry
weather has now come In fact and many
calculations may thereby be upset.
Tho figures IN the cotton 10 sight for the
week show 3072si bales. as compared with
427 sos last year; so for this month i,7sl-
600. against .s2J, AS last year. and sluce
September / 4.00o507 bales against 4,70i,
a13 last year
Tho Liverpool market opened dull with
values unchanged to half q point lower on
November and November December, and a
half point higher on the other months. The
market was quiet during the dag aud the
close was steady, with quotations half a
point higher than the previous days close
The SPOT market closed unchanged, With a
limited demand Sales were 1000 balcs. Of
which Goo were American.
New York opened firm, with prices TO
points higher and struggle was mani.
prices. but gradual decline began early,
which was hardly stopped during the SEES
sion and at the close prices were steady at
point lower to 8 points higher New Or
leans opened steady. with quotations ! to >
points higher. The course OF the market
was luctulting and the changes were
many. but toward the close the tendency
was to lower hgurcs aud the losses We're
pretty evenly distributed, except In the
November quotations, which fell on sharp.
~, registering 10 points below the close Of
the previous dny January closed ! point
higher than Wednesdays figures, the other
months remaining unchanged or scoring
losses.
There was small deficit in the current
movement. Receipts at oil ports for the
day were 1875 bales, compared with iO'0i6
FOR the corresponding day ~ last year. For
the week the total receipts have been 3o2.-
5iO bales, compared with 3i9,SlO for last
wcok ana 800 for the corresponding
time last year Thus far I'm the season they
hive been a.557 $40 bnlcs, compared with
3,3l7 1872 for the corresponding week OF last
season. Exports for the week have been
2U3,Jiu bales, compared win 2lo'6W Tor
last week aud 2Sj ~ for the corresponding
week of last season. Stock AT United
states ports for the day was D00,0f3 bales,
compared with va, 46i Tor the same day
OF last week aud $50, S5l for the correspond
ing day Of last year.
one hrm said. "rhosc cables, while some
what better than expected by tho trade, are
full evidence Of the underlying strength Of
the market, MS a result OF somewhat moro
moderate crop estimates aud very heavy
absorption Of cotton now going on. The
stock In Liverpool continues TO show no
marked Increase. and the exports promise
to bC very large. The government report
next Monday wiz net encourage hope uf a
ylcld much greater than last year, even al
lowing for the governments methods,
which have been freely discussed, We look
20 SEQ covering Of short Interests this
week, and with favorable comparisons of
the movement Of last ycnr a general upward
trend The control " the local market
seems To bc passing into the hnnds of the
larger spot intcrcstG who Will obviously
not he avcrsc to improve values for the
staple"