The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-07-29

no means so obscure. The demand is to be
written In small figures. We can look closer
now than India aud China in order 10 judge
the matter. The spinners are touching cot
ton for July delivery and whether fabrics
are wanted or not they Will not be torthcom-
ing from cotton bought just at this time.
England claims that II has a good supply
OF manufactured goods on hand and that the
chief cry which II Is hearing is for bread
not raiment. Besides this the spinners have
decided that all offers to absorb their prod
uots at figures only above the price of manu-
facture is too nearly a charity proposition
10 cause them to work They prefer to see
~ they can not discourage the 10 cents cot
ton Ioen that America has seized eagerly
and they arc probably relying on the spo,
element here to do some manipulating to-
ward lower prices and permit renewal OF
business.
This last. however is but the gossip 81
the New York pit. 1t is reasonable possi-
bility. but manipulation for lower prices has
not as yet appeared here. New York is care
fully avoiding the near months and allowing
Liverpool and New Orleans to fight the mat
ter out. As II stands at this moment the
very smallest demand is rather greater than
the available supply and high figures
lremain. The new crop Is sufficient for New
York and tho little speculative interest that
remains in the old, even abroad and in the
Southern cotton markets. has about run its
course
Louis dc Guneons said to The Post CORE
spondent on this matter: when settle
ment has been effected in New Orleans the
question will arise, what is LETT on Which
to support prlcesP The manipulation in prog
ress between the Southern city aud Liver
pool for some time Is believed 10 be nearing
an end. II has tended to check speculation
and outsiders have kept aloof, The crop
outlook has improved, North Carolina has
been mourning for lack Of rain and has had
II. Accounts are mixed, but the crop has
undoubtedly recovered greatly. Fears Of
big crop movement in August and the shut
down Of many English mills has scared OFF
And It Is well to remember that possibility
Of smashing August but just such con-
troll OF a large amount Of actual cotton was
something that Post readers have been led
10 look forward to. Whether the big move
but such an event as Mr.. de Guneous sug-
gests would certainly At in with the in
terests OF the spinners.
The largo volume OF business continues and
public buying and selling is conspicuous.
II has been wthal n fairly satisfactory mar
ket to the average trader and opportunities
for profitable turn have occurred and been
appointed are those who expected enormous
prices and whose calculations were intcr-
fered with by the Eastern situation and on
the other hand the few to whom the present
figures were too large to grasp and expected
few cents decline.
Mr.. La Conte summed up the situation as
10 tho probable course OF prices for new
crop futures In this way: The present hg-
ures do not altogether mean complete
diseounting of the biggest possible crop. Y
the present conditions continue. futures WI
ease on but any bad news will send prices
higher. Advloes vary but as the situation
becomes clear prices will adjust themselves
to the size of the crop as II becomes APP
parent" Stuart Achesen'