The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-05
COTTON MARKET REVIEW.
The Big Bulls Again Sent Things
Soaring.
BOTH SUMNER AND FALL MONTHS.
An Positions Made . Good Advance
Houston Spots Arc = Quarter Up
On Low Grades.
Ofncc OF The Post.
Houston. MNnlaX. MAY


again today aud there was an immediate
scurry of the shorts to get TO sate place
New orleans caught the enthusiasm TIM
has been 50 noticeable II, New York re
Gently and closed 10 TO u points higho,
than last Saturday. Mr. human wa.
quoted In New York the other day n.
| saying that the market was In control OF
| parties who cou.d take cnrc of II without
any trouble. Recon, developments seen
! to indicate the correctness of this aSscr
| ton aud with the daily increasing
| strength of the statistical position tn,
| buns appear to have AN easy thing of It
Tho bears are easily scared out. and IN,
fear of manipulation has made them oN.
trcmely cautious
| both the summer aud distant positions
advanced at New York and New Orleans
today. the favorable crop Rdviccs sceminr
! TO nave no effect IN stopping the buli
campaign now on Liverpool lis still hold.
| ing Off. however, ANA futures closed thor,
| only l-bidll.-G'd up, II is generally pre-
lictcd that an advance OF 2-6iqsis It'd
VIII be recorded in that market tomor-
row. following the steady gain on this
side.
| Nv ItNIlnE NI'N' iilhihtAS HitNN u EN'N'
| Improvement today Houston advanced
| ,.c or sl.a5 "A bale on the low grades. while
middling good midd.Mg and middlng fair
were marked mp isc. Galveston closed
steady with the low grn,ics isc higher
aud those above low m,dd,ing up i-l6r.
Now orleans advanced i-i6c and closed
strong. New York n.so made jump Of
ICE all around and is now 5-lGc higher
than ten days ago.
New York futures opcne, firm to ;
points up, continued the advance through.
out the session and closed very steady. y
io 70 points higher than las, SATURDAY
August opened al S.o2, advanced to y 90
by noon and closed at the highcs, Inquiries
Of tho day-S.i2qs.i3 October sold n,
30 early In the session but by the cloro
had reached 7.4l The jump mndc by this
month was one OF the most surprising
features Of the session. showing that tho
squo.se on the summer months has at last
developed an activity in the more distant
positions
New orleans futures opened steady /
to points up. and closed 10 10 L. points
Opened at 7.6i hid. flucrunici hc,wron
,.ditff. ~ fof AN hour or so. ana then mad"
a spn that nnaly landed the figures at
IA October sold Mt & "a for tho lowest
and closed 10 points higher.
Something new In the way of cotton
pest WAS shown at the Cotton Exchange
today. a kind of hug that has been de-
stroyng young cotton near Eagle Lake
was placed on exhibition by Captain VIM
christian. 1t has the appearance of the
Mexican boil wecvil. though considerably
larger. II Is also OF different color hay
lug bright silver back y yair of Scis-
sor-lke nppers IN front of its bend ara
said 10 hc used with great destruction
upop young cotton plants. cutting them
close to the ground. This new cotton de
s,royer has already donc considerable
damage on the iiearnc plantation, near
Eagle Lake, and farmers In that section
are anxious TO have the hug exterminat-
ed captain Christian VIII send few
specimens to the government outomo.ogist
at Washing TON for examination.
The following letter addressed to u. H.
Cherry OF flnbburi Bros. ~ co. gives
the condition of the market Ia nutsncn.
New York. May i.-pur local market Is
no longer goVrrned by crop reports. re
ccipts or uadn conditions, but lh inf.u-
cncrd by the threatened equruHc OF tnt
short lhtetost adI II therefore no, Ia he
judged by tho natural lhws III cnuse ana
effect. All the larger Houses hnNr with
drawn from the market and we onn not
understand where the snori intrruat Ice
IN the market. as the squcrae has been
80 wido., advertised that everyone has
had at least three months notice and 1t
Is "A difficult, matter to irap pigeons under
these conditions, usually ihuy are more
apt to run away, ana We Dclic.c they nave
done so IN his INSTANCE. our crop nd-
vices are all good ana everything now
points to Il good stand. the Fundamental.
start OF a large ylec.
Houston expects 800 10 200 bales to-
"a It.at
year. The estimate ~ Ncw Orleans is
Tor 800 10 1000 against ioBl.
Now York, May A. Hubbard Bros. g.
co.'s cotton letter our local trnders have
been SHY Of being Nnc oi The market
ANA have rather looked for the short In.
lerest 10 be forced 70 oyer because OF
lspt crop advices cOula hardly be better. |
iyS they ARE without influence upon prices |
whirh nre governed On rely by the de- |
b.t closed far at he best prices Of the |
day aud the trade looks for a further |
Improvement tomorrow, believing nat |
he entire short interest VIII be compelled |
to cover before the advance is over,
New York May 4-Thc cotton marke,
bun interests t,day. An advance Of gl2O
points wus the result. There Inns been |
more general buying than for some Time |
past a feature Of tho market Is the reln- |
Der and October contracts as compared |
with the price Of August contracts. THIS |
has been due to the strength Of the sta
iisticni position, from wb'ch # was
thought the new season VIII open win |
except inraliy small supplies OF OLD 'nt-
ton. crop accounts are as favorable rs |
rnul1 be desired. but i'll mo present abb
normal condition OF the market receive
bur little attention. The olosc was very
steady at IA net advance OF aa2o points.
New York. MAY 4.-Sugar-Raw qui.i, |
3s1; centrifugal 20 test, AZ: snic'
i7p bags cuba centrifugal. ~ test, nj "A
lbc0 bags Santo Domingo AZ, sS-rhip; 10 |
bags San Domingo mo.asses, % test. 81.
ox-shr; 1869 bags Balm, ~ test sh Ga
ship. Refined quiet; graduated ami |
5is. grannlat'i b-sc.
New Orleans, May f.-sugar quiet open
se,tlo 37.. centrifugal graduated 4, whites |
9-lguiT: yeiows is.mi 9-lGi seconds syn |
3 bio Nolasscs quiet. centrifugal 5Hii5
COTTON.
HOUSTON DAILY STATEMENT.
This Day sal'day Last Year
ross recsipts....... lo6s $50 i.j8l |