The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-02-21
Statistical Information from the Leading Ex-
changes Of The United States.
HEAVY REALIZING CAUSED THE DECLINE
stntisticnl Position II Not in Line
with NcilI's Estmatcs--AIi the
Future Markets Lower.
Office of The Post.


bear influence Of Mr.. Neill. II seems Of
though he is the ruling factor. It is eaid that
Neil attributes the small movement to bat
weather solely and does not admit that tha
crop has been gathered and marketed more
freely than ever before known so early in
the season.
Not long since the port movement showed
an excess over last season of about 100000.
Today tho deficit is 1852. This. however.
is evidently passed over by Mr.. Nell and his
followers. 1t Is attributed to bad weather.
No thought is given the fact that In all
previous seasons there have been bad spells
OF weather. True the temperature has not
been so low. but the country roads have been
just as wet and boggy and. taken all in all.
one season about balances with another in
that direction.
| The reports from spnners indicate that
the markets for the manufactured products
I are firm and higher with scarcity of good
grades and large quantity of unmerchanta-
! Bile cotton offering.
\ There is. therefore. no apparent reason for
I apprehension unless 1t be the errauc condi-
/ ton of affairs in France.
/ Futures in Liverpool closed at loss Of
i 1n11s-6i New York is down to . and New
/ Orleans to 6 points.
Port receipts wore 1902, against 80 ,97s last
year. and 1880 in 1898.
Houston expects tomorrow 1000 to 41as.
against 6o9l last year and 3isl in 1895
| New Orleans expects 5000 to $500. against
1929 last year and 6Ss7 in 1895.
| New York reduced spots lie, otherwise
spots arc unchanged. Liverpool reported
spots with hardening tendency.
Cargill & Richardson say of cotton: Liv-
erpool's early market was fully up to ex-
pectations today but during the late trading
prices weakened. the close being 1k-6ld
lower than Saturday. This with the better
weather and heavier receipts caused our mar
ket to rule weak nearly all day under heavy
realizing by longs. prices in New Orleans at
one time being II points lower than Satur-
day. closing to lower New York lost I
TO points on the day. The estimates at
Houston and New ORLEANS were about half of
Same day last year. the ports getting 800
bales less than last week. and 25,o00 less than
last year, Liverpool cable said: Market
weak under fear OF political disturbances.
Private sdyres from Memphis ..nl9i Of a very re-
receiving but 10 to 20 per cent as much cot
ten as last year. and 1t Is Of very inferior
quality, most OF 1t nothing but muck. but
good staple. tho prices Il is selling for is
astonishing Eastern spinners are taking It
greedily at cents. which we believe will
encourage farmers to pick great deal CT
what IS sun lett IN tue heid as even at 4
cents. it Is better to market this inferior
cotton and take chances OF late planting
season They estimate that there, Is sill
ao per cent OF the crop sun IN the NEEDS.
Sotton was wen, oougnt on tue .uaciine to-
Day and the staple still mas great many
friends. We believe that unless the reccipts
materially increase with improved weather
the market viii at Least be fairly sustained.
Spots were oucted t-i6 lower in New York,
unchanged elsewhere.
Renewing rho situation OF the past rev
days. a well known New York commission
house v,,-itos. "It Ia idle to sunrosa that
,i.. ~.
weather OF such severity mas NOT done
great deal of damage On the contrary. the
'si"ake Nd" pe'i i.ni',ehse anu e''''
oarolul stueehts OF tne SITUATION men 81
very exclusive connexions hena anu ABROAD
VINO nave every reason 10 look INTO Inc SIT
nau n3 cateiui,S Ttpn view o. tettthg at Inc
in regard 10 The size Of tho crop have nm
dorgone radical change. That IS men who
%. &c, G sincerely beneVed t1at the rrop was
eye, ~ oSo nnS LII ~
arc not enthusiasts being neither bulls nor
bears, properly speaking. Ihey are simply
conservative cotton merchants. VINO wish to
find out the truth and govern themselves ac-
Sordingly. They, believe that Luily lOOO,o0
fold5 within the last SIX or etgHt weeks ny
ram. sleet. snow ana aen9rmaily colo
weather
referring 10 the unhappy position OF the
foreign spinner, this firm says: NO won
der a Liverpool cotton merchant says some
what Dlaintiycly: Opinions are very mnch |
divided among spinners as to whether the
various crop authorities are 4 blessing or |
curse 10 the trade. During last summer. at |
. time when reliable estimate was an i'm
possibility, forecasts OF large crop ruined |
the market for the spinuers production, and |
later on continued bear" reports made the |
spinner miss the market fer his raw ma
terial Thus caught on both sides. the spin- |
ner will lind It poor consolation II. at the |
end of tho present season, some crop au-
thority or other shall triumphantly inform
the world that he prophasied the crop (com-
nei'cal or otherwlse) exactly to bale "
New York Cotton Market.
-. $50.
uhu 'he h'alhe" "'e' NP'"'ps OF Z" uVVi'"V
" TO points, ruled irregular and gener-
,ily weak. at one time showing a net loss
" 2 Ia 10 polnts. when selling was arrested
- ,,,~, 49, 49,
III ihuieations OF pnlllsh speculation In stocks
md grain, while the general list of influences
we're for the most mart Quito MS huuisb as
,s - 49, 10 S"ii''A 90
l y rst9 a narosnlng tendency beng re-
asst in measure the ,ll4-6i, decline in
~ n