The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-05-02
New York Advanced Both Spots
and Futures.
The BEAR FEAR OF MANIPULATION
Has Given = fcw Bir Butts Control of
the Market ZIG Exports From
New York.
onice OF the Post.

US W Ahc lHNN'Ah'hN wv
RUNNING tho market to suit themselves
| Liverpool doesn't follow the advancing
tendency on this side with any rush, bu,
generally manages to close n little higher
than tho day before. Only three or -four
of the summer positions advanced in the
foreign marker today, however. and spot
sales fell back to $500 bales.
n telegram rom king OF New York TO
Cargill ~ Richardson stated that nearly
i5.Vv bales Mays VIII he exported, and
mat efforts We're now being made to place
anoth stock for export ot course Ihis
Is merely part oil the bull tactics TO dc
crease ,nc American visible supply, and
ii successful may cause further ud-
vance. southern traders are Watching
this exciting squeeze" wft1 interest, but
are taking 10 active part theron II is
strictly a New York manipulation. and
New orleans Is following II with extreme
caution. New York spu,s advanced l-loc
today, but none OF the southern markets
were changed
1t is interesting To note the changes
that have taken place IN New YORK lue
lures curing the week ending today.
which show that only tho summer months
are being benefited by Tho hull campaign
now ON. May has advanced Il points
since last FRIDAY, July = and Angus Is
points October, November and lpccrn-
Der deliveries are exactly ut the point
they woro a week ago. In New orleans
the snme effect tx seen. but the advance
N" t,'V INN, ru, air.. ,' INV nv" no,nts h,bnr
than nj THIS timu last week. and August
only y points M. The fall months show
practically no change.
At toahy'S session New YORK fhturca
opened | to points or, but spnn took
an active upward urn. The closing was
steady. with the summer months . SO Z
n",l''s W. Nm. M Az,
gust OPENED at 50 advanced to I rs dur
l'S wv N'Sr'p, tl'' N'l~v' -. '-.'' HHn'pHt
,sog.p . Hest,rh'Y "e'oher Nu'tu"',p ne
W w ',, ~, TO, c.,,.. .,..., ,.,.,, 49,,
N'w 'Il'unS i"'ufVH onen'n Vnlo' "',"
st'nuN ".,"", i"nm ~ INN .i, ). a.
nay 'ncin WE u Snsh' i'nh,Ip..nl'i'' or,
Wy su'"''" ''''', 'i'u W. ''.H.,,F W." w, ~
poit'S up on .u' suuNn'r fnen,hS. July
SUN n' ''"p i"' '''' '""''' "''i 50" '"N"'''
,,,, a.,
'f""pV" i'"s' w N''i' p''''' ""'"
OF Arril ~; For some time past the
tradc hns fol, th;.r the statistical nosItlun
-, Ito, ..or..,i 49,, .,,,,,,.t,,,,,,, a.,
OF COTTON "n'r'p u" "pl''r'u'''S W.
squeeze before 'hr end OF thn season ana
thn I this Whs nnr,i9ui"i'N tnn, Of onr
farkni' whlch owing 10 - combination OF
circumstances was selling ON a lower
baais as compared with the European
TINS opportunity should hr acted upon Ivy
,'r ~ ', iafseS. npua a M Nv 'a,n
effort win be watchSd vim intoreet nv
nil connected with the trade. Tie siocls
ie,. cxnor.i ,ntn NJ, mo Inn, IF t,,c Mn
tenders it stood AT about iig.Coj hnlcs. Of
lhiS stock II II nndtrs pol mat l'0pl halca
nales FOR Liverpool ma tin boian,.s V, f",'
the continent These shipments reduce
, ,nc nvaiiaiie STOCK to i.'mo bales. NJ
spinnsrs pnrrbascs d,,rinC tb,. s,, am ,nr
2o,oc' 10 2Do0O bples 10 be exported. and
'rolled
pnroni ina, most commission houses arc
by ~" glowing crop accounts 10 s.tI The
summer months in authorization ar "a ~,
cline as a result Of large prospective
luny ndor,, ono ar 10, ,ourses of Tho o., |
al Inc eaason. that ts clthnr tn untc -
sa,-isfnrtorv nrrnngo,ncnt 10 hs,f =, |
storL ,ransrcrra1 ,t ,,,. @ W.
riaring If nnrossarv nar,io, '' ~ ,nai,
rrno,p ,nn,nns,lsos hv ",biny ior III" cot
~ ~, ~ n''.. 10, VI ,,l1 s, n"Nl"E r"-s"lll |
- ,h.ir ,,,., -, iun "'iin'tl"S' !" resell |
.u'i' nullnNS or iuo summer positions |
nml make their pront ON tho ensuing de- |
'hnr'
va
NOW YORK, MAY weather reports by |
telegraph TO the Commercial ana rInan-
ninl Chronicle this .vorf,,, ,,o,, M. -,
progress has been made during the wcelt
and Tint planting * nearing conplctlon
,,,., ,'9 '''"''
. 'V'' f''''9' :" "''"S '"'h'''l'S curry
rollon in most SECTIONS during mo yncr
,, T., a ~, ,..,,.,P w.
ant IN Texas the precipitation has been
cry light and moisture would be of bono
1t. in' 'o"'o'" "'eS'' ~ rei''''o' 10 nc
long damage 10 young COTTON IN the Vi''h-
~ OF Runge. Texas.
5, New YORK. MaS l-iiubnnrh pros
'oF COTTON l-ll"t' uulel inhrht, ana
ONE iurtner iinpio,Nnih.n' "a me mrinrhy
,sssinn h,irnv toiJ Th" tl,'',t ini.rot,s
yern In" myers thls .verilnis nivnnclng
he unrlot 10 Tho lesi ,rinis Of HE dny
md wLiIn this ndvnpce was IN prurrnss
he new crnp posliions w.ro naglocted.
rhroupboii The trade belief prevails that
yhen The short interest Ia covered higher
'ricos wan be recorded 80 FAR there
re no signs Of increasing spcculations.
~. VA, NJ, r,o oo,,on mario,
~ 'u ,,, s"' ,,,d snnn dnvSiaunI IN
p'ii'', '',i''t, . 80 ,.,n,.os. ,s,t,l, ~, |