The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-12

AT The CLCSEs
Liverpool. 4 PORTS higher.
New York, so Q points lower
New Orleans, . 70 points lower.
SPOTS:
liverpool, 2 points higher.
American side, unchanged.
ESTIMATES FOR MONDAY;
Houston, $4,000 to $4,000 saainat
eo.e2e last year.
New Orleans. II 900 to $4,000 against
1878 last year.
Galveston, 5000 to 1900 against
1885 last year.
Yesterdays cotton market was an ex
hTbition % how quickly the eide can turn
Just as the foreign market. for the FIRST
time in weeks, cast aside the inertia that
has tempered every stroke for batter
things and appeared 70 be a really earnest
participant ia the game, the trade gave
ear to new crop story and the wave o.
liquidation faat followed In the brief hours
Tor business left little Tor bears 10 wish
for. The shipments abroad besides the
other evidences Of consumption gave proof
positive as 20 the size OF the demand for
actual cotton aud the continued moderate.
ness Of the movement confirmed The faith
Of bulls. In fact. from such a viewpoint
the sky was perfectly clear at the outset
and prices were lifted as though an mp.
heaval might be IA store. The bolt from
the blue appeared IA the form Of state
ment from the New York Chronicle which
was practically an estimate Of crop
equal 70 last years II normal conditions
prevail IN the neld hereafter or larger II
these conditions are better adding at the
same time that reports Of crop damage So
Texas and Alabama have been largely ex-
agsersted The heavy offerings that esrlier
occurred were enlarged and balls were
placed on the defensive through the rest
Of the trading moments.
There were many things 60 agltate the
mind OF operators and the narrowncss 81
the scale rather Impressed the idea that
bulls and bears alike believe that until
some OF the pending problems are settled
the present range IS not FAR from right. Ok
course at this critical period nothing could
surpass IN Importance the coming or frost
1t has been seldom that so muca was e1
pected from & second growth" as in The
current year. Such fact leaves utte
room for doubt as 90 the convictions OF
the trade on August and early September
deterioration. The uselessness OF calcnla,
lions upon this matter is immediately seen
but it's relation 10 supply and demand is
equally clear So fer as outward signs SO,
there is nothing TO indicate relief from the
turbulent state into which labor aud in
dustr1ai matters have neen thrown by 70
cent strikes The complications that may
arise from deficiency IN eoal throughout
the country are considerable, from what
ever standpoint they may be Viewed. Az
increased cost Of living at time already
unprecedented N this respect may reach 81
Tar in It's effects as TO touch the conditions
Of trade. The unsettled conditions that Ell
WAYS prccede an election arc soon 20 h
reekoned with and the ampleness Of moncl
when late relmbursemenss from the Unitci
States treasury are exhausted sre oil feA
tures that will steadily occupy the min'
Of the cautious operator or course, sucl
considerations only count 10 tAelg relative
ness. but SO long as e delay a cold wealth
sr leaves the main question an open on
they are highly important and may prov
so even against the wnIghtlcsi eonsiderl
tlons There was llt.le support 10 the con-
modify after the Initial bulge but III
buying at the lowest level developed cnong
interest 10 show that bears did not hav
the entire operations IN charge.
liverpool might have caused bigge
things Sales on the SPOT amounted 70 TOO
bales at quotations higher by ? points. Cor