Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-19
The World Of
Finance and Trade
NEW YORK COTTON
RENEWAL OF BULL ACTIVITY IN
EVIDENCE TODAY.

Special Dispatch to The Star
NEW YORK, October i9-It looked this
morning as IL a trend toward an advanc-
ing market had at last begun to gather
weight. The renewal OF the bull activity
which was manifested yesterday was in
evidence again this morning, and the bull
sentiment which developed following the
crop estimate of the young woman expert
given out yesterday appeared to have
gained ground. 1t was thought In many
quarters that this estimate would have
more than temporary effect, and that 1t
was destined to originate a period of
strong bull activity. 1t was felt also that
natural reaction is about due anyway,
:. oeins pretty generally understood that
the long interest is well-nigh louidated
Added to these factors. and one Of M
mean Importance. was reported increased
uemand from spinners, rejecting the activ-
ny IA the mills. This demand was reported
especially strong In Liverpool. indicating
an increased export trade, and to many
that there will likely be a large consume
Iion OF this years crop. which will Offset
any outturn OF the crop that is larger
than expected.
Weather Strong Bullish Factor.
Inc weather also was strong bullish
factor To-Day. especially durins, the later
tradins, and was feared by the shorts. AL
though there was no material change Of
temperatures In the cotton belt itself the
temperature up tn Montana was six de-
grees below zero Possibly th,s cold ara.
would work down and result in frosts
mere were early predictions too of colder
weather In different portions OF the eotfny,
pei. ana late In the day of frosts in Texas.
while the weather map today showed rain
at Palestine. Jacksonville, Macon ana other
points. '' o'u osiief
Gables were high. A cable report from an
i n,nsnsn mousse stated that spinner, specu-
t1ade demand alone wit ha large increa sed
or later soohef
III me market opened II to 10 points up on
the nearer positions to o on the distant
Heavy realizing after the call prevented
an immaculate advance, but later In the
morning after fluctuations prices rallied
ply showing more than a quarter cent
advance over last nights close Sborts
covered generally and the market was more
active ana excited than in long time The
ouylng being on large scale, 1t was re-
poI1eo. Rumor had 1t that the bear leader
mad turned bull and was covering largely.
out this was authoritatively denied
January opened II points up at 1904
sen.s ana after showing moderate easiness
10 up at 10 10 cents and advanced to 10 30
Liverpool, due to come to higher
opened irregularly to 10 up. at 80 o. M
1t was . to 10 up and at the local OPEN
ing was net ~ to 10 up The receipts at
Houston were estimated for tomorrow at
1900 to 1900 bales, as compared with
10. lO4 bales last week and 1854 last year.
AT midday the market was active and firm
on continued covering and buying for long
account. inspired by predictions for very
cold weather and frost for the whole south
west tonight and tomorrow. Prices were
about 10 to p points net higher. Spot cot
ton quiet; middling uplands 10 20; middling
gulf, 1915.
Estimated receipts of cotton at the ports
today, 1900 bales. against 44,716 last week
and 63, 514 last year. For the week, 325,O0O
bales, against 347, 062 last week and 39T, 400
last year.