The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-12

Houston. Friday. May ii

time is Of course the news as TO tho plant
ing of the next orop and the weather condi-
tons which have bearing in the premises
This news at the best is uncertain and with
the unusual amount OF bad weather which
has prevailed In many portions OF the belt
during the past few weeks the matter Is
made all the more problematical One can
hear all sorts Of rumors the large majority
OF which on being investigated. prove 10 be
unfounded Advlces from the larger mar
kets Indicate that practically all Of the larger
houses are bearish on the new crop and that
only one or two concerns are still holding
out for higher prices on account ~ the strong
statistical position which obtains at present
Until some Of this uncertainty shalt have
been removed 1t seems unlikely that any
large amount OF trading will be done one
way or tho other although it is possible that
some developments which viii affect prices
NAV be brought ont before anything dehHito
IL known as TO tho acreage for the next crop
There are many inconsistent features IN the
situation which arc dlffcult of explanation
and even The most notorious prophets hesitate
10 express any very confident opinions pre-
ferrine rather TO quote news as 10 planting
and tho weather
There was something OF reaction today
after the slight activity of Yesterday and
prices we're generally lower all around Liy-
erpoo contracts at the close were unchanged
TO lad down. and as a result OF the uu-
favorable nature Of the early cables futures
on this side opened slightly lower than yes
terday. The session was dun and monotou-
Gus. the principal feature being afforded by
the purchase Of 10000 Augusts by the Nc
I'addens OF Philadelphia. Otherwise only 4
small amount OF business was done. and
at the close Of the day the figures on most
OF the months in Now York with the ey.
ception OF May and August. were slightly
lower. In New Orleans some Of the posi-.
tons improved slightly over the opening The
final figures showed New York to be 4 down
on some Of the distant months to up on
May. New Orleans was TO down
There was no especial activity In spots
Liverpool reported the sale OF 10. 600 bales at
prices mostly In buyers favor. while on this
side fair amount of business was transacted
at unchanged values. In Houston Iuman &
Read bought $50 bales from various factors.
The weekly figures were as bullsh as
usual The into-sisht for the week was 10. ass
against 75l47 last year and H,+et three years
ago While the total luto sieht was made
s624,7iS or l.9s65Sl less than last year and
only Sl2,S9S more than in 1857.
Tho stock OF American cotton in Liverpoo,
decreased te0o bales during the week and rs
now $4,000 less than year ago. The stock
Of american adoat is $4,000 against G6,O0c
last week and $1,000 last year.
Receipts and estimates At the urincipal IN
terror points we're extremely Lght. Houston
received but 81 bales for the day. against aso
last year and III three years ago. while for
tomorrow the estimate is bu, 10 to 20 bales
as compared with 6s7 and 500. The New
Orleans estimate is 400 to roo against 20i9
and 7S9.
The range OF prices on the active months
IN the future markets follows;
Opening. High. Low. Close
hbs s:.asst s s;I-5s ~ 81 s s55 s s5-s.
At New Orleans:
August 49,. 9.os.N a.os oos eos.ot
october 1913 SCI ava 1863
The following is from yesterdays Galveston
Tribune:
Thomas Taylor evidently expects lively
tunes in the cotton market The following
telegram was received from him Yesterday.
Eqstace Taylor, Galveston.
NV iork, May O. --l'eel very hullish: think
septen her- October will sell al renee farth
iue, buying them daily What Is your opin-
ion! How is crop doing2 Thos TAYLOR
no 10 this the following reply was sent:
ilos. Taylor, New York
Galveston Nav 10Thnk situation decid
edly bulish. Crop very backward Probably
latest on record Think August movement
viii be practically nothing Situation viii he
orluesi snouid we have any further setback
Eustace Taylor.
On May the total stocks IN America and
Liverpool were 1,24s,OOo. against 2.S75,ooO last
year and l774,o00 three years ago The total
visible supply on the same date was .sS5 600
AGAINST a,sI2ooo. and 3 795 600 This does nor
iook as II any reason for lower prices exists |
In circular calling attention TO the bull. |
ish facts of the statistical situation price
Mccormick & Co. say. "rhe visible snnniy |
OF American cotton on March 10 was s,ll5,4i7 /
American visible cotton May 3 2isS oal do |
crease s4bs26; total in sight since March 10 /
osu,siei REPRESENTING total ABSORPTION Tor The (
leo per week. The Visible supply OF Amorican
cotton April was 26OS, il3; American ylsial,s /
May o. 2l6s, Q9l; decrease four weeks 4tO 400, |
total in sight since April :. 9SsOsS totai
absorption. -four weeks. egS, as0 or an AYR.
age OF 1880 per week; estimate 10 eono /
INTO sight. balance Of season, 60O, 900 which |
huutu 10 present Nlhlbie 2,lbS,VUO. Eives total !
available supply of American cotton OF > 7Bs. /
900 for current season, The amount which |
viii be required for the remaining seventeen
weeks OF the season on the basis OF the aver
age absorption OF the past four weeks-name-
" 1880 bales. Is 2g4G $50, or deficit Of.
lis,gs0- The amount required on the basis
OF the average for The past eight weeks
namely. Z0l, $50 for the remaining seventeen
weeks OF the season. Is ISL 6a representing I
deficit OF 7l3. 000"
Cotton warn prices are still dropping and
demand Is even smaller than previously
Prices Of medium and coarse count warns on
case o. Saturday
The New York Commercial ssysa Accord
ing . the Chronicle figures. about eos.eop
n Pc o. American cotton dlSappesred iron,
TIE visible during the lass stb This enor-
"oaf ae'frp'son from week to ws@s II con j