The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-09
COVERING BY SHORTS
WAS PRINCIPAL FACTOR.

COVERING BY SHORTS
WAS PRINCIPAL FACTOR.
suIIIsh statssies on stock Of American
and the Feeling ut Liverpool Caused
Prices TO Mako Gains.
AT THE CLOSE:
Liverpool, point higher.
New York, 4 to 9 points higher
New Orleans, unchanged to 2 reints
higher
SPOTS:
New York, unehar aed.
Others unchanged.
ESTIMATES FOR TO-DAY;
Houston. 10000 to 1900, against
1923 last year.
New Orleans, 1900 to $4,000 against
1885 last year.
The range Of prices at New York and
New Orleans for active months was as fol-
lows;
New York Open. High. Low. Close,
January 49,. $3.50 $50 S,24 s 25-26
March ,,.... s.1112 s,1s 500 s'1o-ll
Isnssfy ~. 7,ssEssSs 7.s 90 7.s7I 7s s. g
March .,..... 1886 lbs l'94 f''o-ee
The cotton market showed continued I'm
provoment yesterday aud registered slight
advances at all the trade centeTs, giving
evidence Of a bunlsh sentiment which is
- LA
which have affected prices for week
This may be attributed partly TO the week
ended feeling which prevails among specu-
lators who generally work to hold prices
hTm FOR a Monday mornings renewal Of
the battles in the pit or 1t may be at
tributable to the prevalence of the sentiment
which opposes the recent high estimates
on the present crop and which will make
itself felt in spite OF an the attempts Of
bears TO encourage a different cplnion
For the week Just past the market for
futures has experienced a loss Of &c points,
spots In the meantime suffering almost as
great decline The lowering Of values
was malulv due to the continuance OF IA
vorsble cotton growing weather. nigh tenn
peratures prevailing In an sections ~ the
belt, and while rains were general through
cut Northern Texas during the early part
Of the week. no damage was done EXCEPT
10 the way If retardng the maturity Of
iote cotton Ia that section Of the State
Receipts have shown little II any notable
decrease in volume, the movement TO mar.
Increasing, todly's hrst arrly ais for the
week figuring at i've interior points, 80
561. against 2i,452 last year. while ports
win receive FOR the day about 5000
against 43,o23. New orleans expects Il
receive 1900 to 1900 on Monday against
1855 year ago; Galveston 1900 to ID.
GO, against l5.Sl8 Houston 10000 to H.
COO against s92s
The most important feature is the de
preston shown In spots, where holders
we're shown ms sellers at every decline
The absence Of demand Is attributed 10 tn,
fact that the open season gives spinner
hope Of crop IN proportion IN the esti
mates Of Buston ana Nelll. continu
anee Of this fair weather may result ii
further declines, hut q railing on in re
0elpts would have an opposite effect Niue
interest 4 being taken in the January dea
the long Interest In this particular mont
Is something like 100000 bales In tn
matter ~ statistics which, however, mr.
overlooked At the moment, development
are rather bulish the worlds stock @
American now showing 2,3s9, AZ halei
against 2,59o,0i3 for the same period las
year which Is quite q deficit
The local spot market closed steady wit
quotations unchanged Sales were limited
the total being 1929 bales.
Liverpool opened steady with values
point higher than the day before. TIL
market felt the influence OF shorts cover
Ing and new outside bulls buying. A n
action win be looked for at any time OWN
TO the anticipation of liquidation of tn
January pool The course OF the marke
was upward and the close was maintnine
AT the rise established at the openint
SPOTS closed unchanged,
New York opened steady, with prices I