The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-24
BEARS IN CONTROL OF COTTON

ter with which the trade must rcckon. IN
fact, tho features which encourage tue np
ana knowledge that truth viii nave
krcntcr sway thar usual In the coming
season makes an uninNitinG scene fpr the
manirulstor Fluctuations were Wide
enough 10 let 10 operators Of diuercnt
We've ana nfrcr the sculpcr very neat
return upon his skill
Liverpool was again encouraging 20 those
who might have been dincrcntiy Inclined
sales on the spot announced 10 Ssi bales
at quotations Rdvaneed ~ 4 points ton
tracts naaily went higher ny 20 points
New Ycrk opened up On October ana
rfsctirally unchanged on later opiious A
gain OF o points occurred 10 the cart, mo-
mcnts ana brought best prices 81 thr day
less ef same made the trading level untlt
the middle Of the morning aud shortly after
nno.hcr TO & point loss was scored. fhc
fluctuations that followed wote limited %
range ~ = points until the last hour OF
the cail when another decline set 10 and
continued TO the close. hrlnring bottom
prices on the nnal cali ~ thc net re-
sui, December aud January dropped n
p1iuts aud the other mouths Went 80
10 points less.
New orleans started l 60 down on ucar
aud as much higher on far deliveries,
slight Improvement az once brought tor
prices, and decline " 8 points made tue
range through the greater part pt the
WorniuE Towards noon d gradual decline
hrgan ana proceeded slowly during the
hblanrc OF The session. IN the net result
Hii contracts were lowered Z ana \ points.
sales az the four American markets
amounted 70 SO bales Spot quotations
marked down ~ Of Houston. Ia otucr
markets there wctr no changes,
The movement possessed the characters
fHfa 90 all
fer ibr day were iA.lfi halrs, compared
with Gitsie Cor the corresponding Gay 81
last year since trlunt they nave hccn
700 axes nalce. compargd with 201aJH for
the same time Of last week aud d1Whti fur
the corresponding time OF last wear aus
fir h thr season thcr have been i,Sis tuI
ttlca, compared with l,5iuAt6 fGr the cor
responding tmc ~ last year eiutr irdey
exports have hccu iia iui balre, compared
With lfA.uH fog the Eame tune VI last
week aud .it,hss for tho corresponding
timr 81 last ytct Stcck % United states
pared With os5,,vh Tor the same day VI last
week aud B41uA1 Tor the corresponding doy
cf last year
says the journal ct Commerce "i, "a
not unusual that the sales Of SPOT cotton
In The remote interior Bnd uucounted int.
fier towns equal the amount " cotton tbat
hss cemc 10 sight According Go this view
ihr planters have marketed In six weeks
fully notnird OF their crop V tho hullisn
rrrp views are correct. With ten aud one
halt months remaining iu which 90 as.
prse oi the remainder Of the crop tho
South Is bclng advised 10 hold Tor higher
prices Whvthcf the So0th rs ot R not
ngtug en- this advirp " ot course remalns
90 be- seen For soWc cause however, the
movement altrAdy shows decreasing ten
dencN ihv current week pert rcrcipts
win run against movement W o'S tpU
hairs. yct present calculations are scarcely
within ltuWn balcs of this amount VA the
way ot au "iu sight movement tor thle
week. tnn port receipts are alteady -,
UnO haleE under thc hgurrs ~ last ypar.
Tho question m fuel supply has boon ma
tctiauY Nmpuucd ig not fully settled ~
ran River rAn he sid 60 furnish cue
large demand for Amcricau,madr rctton
goods would seem to hr fotccaHtrd with
American sptnucrs bennd on their pnr
chaeea " raw material. aud NOW competing
with exporters for spot cotton Ga ths mar
ketR ~ thc South; factor In tho general
situation which explains the lste compatA
tive stability If the markets. for nvtuht
cotton duripEf the speculative dceiiue ~
futures From this some are turning to
the small stocks held 90 Now York with
FUTURES SIN settling hero az scale ~
prlcrs which scarcely ElYce a new dcliar
iot an old ono on shipments fnr delivery IN
short centrActE, aud lvRtug to scrinuR IN
Quirips AZ te what would haprcn shouid
spibncrs Rud exporters continue their uc
maud ln competition With January shorts