Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-10-16
The World Of
Finance and Trade
NEW YORK COTTON
SENSITIVE CONDITIONS OF LAST
WEEK WERE CONTINUED TO-DAY.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. October 16-The sensitive
condition OF the cotton market which char
acterized 1t last week to a considerable de-
gree particularly as to the weather, con-
unued In evidence this morning when the
market opened at about ten-point decline
unoer reports of higher temperatures and
general predictions Of warmer weather
me weakness was considerably more than
due on the cables. thereby Indicating to
many that the weather Is the all-important
factor In the situation at present
ihere was little In the trading, however.
20 show that any important change of SEN
tlment has yet developed. although 1t was
believed last week that some bear interests
nad changed to the other side under con-
version 10 the belief that the holdings In
the south and the activity In the goods
trade would make for higher prices; but
eney DO not appear yet to have manifested
their conviction by any effective action.
~ - Ieit that there Will be general dis
position on the part of most traders to
noIo back on any aggressive policy, whether
one way or the other, until a more decided
cnange In the weather situation presents
user. In the meantime 1t is predicted
the tone OF the market will be bearish on
the whole, but sensitively rejecting, as 1t
did last week. the minor variation of the
~eatner map without any important
The Frost Talk Ineffective.
Thus the frost talk Of last week. while
influential for the moment. and indicating
what the market might have done had
any reports Of crop damage been received
DID not produce any material effect on
prices Other factors in the situation, how
ever. are OF course not being disregarded
Any change In the present close atti-
hn To-, a.
watched, especially by the weaker bears
Reports from the south seem to Indicate
that the farmers are going to make
pretty firm stand for a better level. yet
an an. interesting feature OF the situation was
the noticeable increase in the receipts re-
ported today. especially at Houston
Whether this portends any weakening in
the attitude Of the farmers was a question
which bear interests were disposed to an
swer IN the affirmative. at any rate this
increase apparently helped the selling
pressure In evidence in this mornings trad
ing. The market opened nine points Off
on the nearer positions to IL on the more
distant.
Weakness Attracted Buying.
This weakness attracted enough buying
and short covering for a brief period to
produce a rally Of from four to six points,
but when this demand appeared prices
sagged again to the neighborhood of the
opening level.
The trading was rather tame as a whole,
another indication. apparently, Of the
waiting" policy that is being pursued
January opened II off at 9.76, advanced to
9S2 cents and sold back to CTS cents
March opened 10 up at 9.93 cents rallied
to 997 cents and declined to 9.94 cents.
Liverpool due to come points higher
opened quiet points higher and at the
local opening was net unchanged to point
lower. New Orleans was likewise weak
The estimated receipts at Houston for
tomorrow are 25.993 to $1,000 bales as
compared with 80, 100 the same day last
week and 28.993 the same day last year
The estimated receipts at New Orleans were
5000 to 1900 bales, as compared with.5,4 Alb
bales last week and %, $50 bales last year.