The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-04-14
COTTON MARKET REVIEW.
Traders Are Puzzled at Liyerpool's
Attitude.
THE AMERICAN MARKETS ADVANCE.
md Weather In Texas Given ~ One Cause
"f New York's 1mprovcmcnt--Fsar
OF Manipulation.
Office Of The Post.

Office Of The Post.
Houston. Monday, April IL.
''''Pool uoca NOT seem oisposcd Il
o'hc any dccided stand In regard TO Thu
| p.Ne VI co''oN' ana INC traders on TN
| side are puzzled to understand the atti
| tude OF that market. l,ivernool fn,ure,
| ,,o.a., ,lr,.,, -, "'e
| ''"seu 'sAl-oid lower ON the summer
months. while tho distant positions wer,
about is-gtd higher than lar s.,uraoy.,
A., $780, wy
| nhhi ngures' Inc Foreign market Seems
| TO be in a trance and has shown no life
| since the recent Eaatnr boI,dava Snats
| w., -,
were revised TINS morning. and quota.
lions lowered Led ON nearly all grades
through sales wore only son, ,aIos
r,..,,,, ~,
Hespi'e the ia0k OF support from Liver
pool the two American markets showed
aI,.a. wy 'Nu"s "''u oioseu al az
"NN"'ee' II Is quite evident that the
strong statistical position is holding M,
prices notwithstanding the parnlyzine
tN'.'u,s VI 'rauc' Inc supply Is so small
that the fear of manipulation prevents
the short interest from selling aua the
pulis are using this as a support OF the
market me iact TINT the trade has been
~ e"tefui recently not 10 got short OF
'"c summer months may of Itself cause
SWIM Weakness however. ana many OPP
traitors are inclined TO View toaay. stead
mess with distlrist
The manufacturers are st,l comp,o,n,r,
mat the price of raw cotton is already
which cotton good, are being 'e OF ers I'd
ditions eNistin. IL Is claimed MAJ ~,
viii Ice cotnpsllad TO inrr,ase cois, -, :,
ton. although IL il diffcnlt ~ kno,y
ariiv i,,.u ,nust 80, -, ~ hi"M "
from IL" mannfnci1irin', I1,WTiEs coming
New York futures opened quiet, ! to .
pvii''s on, put soon recovered this loss.
TO points m. me aiosnp wos Stc wv
10 points higher than yesterday. MAY
pi1"til M tps. ny neon llad advanced 1G5
daV Al.xus, sold NJ gS 49, 1870 aa' NJ
session Nht advanced to III during tho
afternoon.
New orleans futures orened atondy
to points Of soon took an inward turn
and closed 2 TO points higher than Yea
tordaY: May sold at 7tl for the lowest
aud 3bS highest.
The American spot markets were nearly
all steady and unchanged though Calves
ono cause of the advance In New York
f,ITures today was the renort ar upf,vor-
able woather In Tcy,. 60.
n. vi. - d. me" OF
-" i''n sc"' geographic inquiry In
Houston In regard to the trutl, Of this
report and wns informed ,b,, ,,,, 49,,
rain had fallen In many sortinus 49,,
cotton has not been nIante,I he b 'a'
rains yesterday and today viii $500,
farming operations consilersl,Iv A. 49,,
points. however. the rain was hndr.
ne,-''ed, and VIII he Of great bonent N-b,r.
the plant has made it's nppra rance above
ground 1t VIII now be n close race between
the farmers par, will doubtless keep the
former ahead.
New orleans letter dated April II,
contained the following: "Our I,i,ornooI
friends cab,e ua ,bs, t,,o ,,,.,,a,.,,.,
,ro ~. ., ~" p'"i'a"ihteS
'""' s""' 'en'erS VIII he made short
1y. as importers are getting wearicd.
Shoud this be done with the continuance
-, -, ,., a., A,,., i. In -,
tendency to force prices lower. on the
othar mana iargs operators both here
ana IN New ork are bnying May ana
august contracts heavily with View to
hhulpuihtlW. should any favorable OPP
noftnnity present ltself, therefore. caution
ought TO he cNercisel In selling. not
MI hstanams al conditions are bearlsh
20 g letter. Both foreign operators and
our local traders are looking forward 10
some attempt 10 advance prices before the
new crop comes TO market, and are there
ore myers on eV'ty wenh hhtNe,' ana
'rop' Ine Htuhiloh IS 50 hIphreht tllht
~ ii, ~, .,dis, ., ',
'.' ~ grii,'h 49,, - ",