The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-19
COTTON MARKETS WEAK
All But a Few Of the New Crop Months
Declined Slightly.
LIQUIDATION AND CROP NEWS THE CAUSE
NO Attention IL Paid 90 the statisti-
cal Position--weeily state
mcntn Were Bu1Itsh.
onise Of rho post.
Houston, Friday. May Is.


Cotton opened around yesterdays closing
fsurss. declined on liquidation and better
crop and weather news from the belt. rocov-
cred somewhat and closed slightly lower ex.
cept on some OF the most distant new crop
months In New York
The recent rains in Texas and some other
portions OF tho belt have SO far failed to pro
duce the upward flight of prices which the
bulls looked for and now most Of them have
given up all hope Of sending prices any higher
on account OF the weather and crop sltuatin,
Notwithstanding the fact that It is undouot
edv bullish. The statistical position Is lust
as strong as ever, except, perhaps, for
slight temporary increase In the movement
last week over what was looked for, but
even this seems TO have absolutely no effect
and cotton continues to show a considerable
amount OF disinclination 10 20 higher. to say
nothing Of the weakness Il exhibits on some
occasions The situation is most unusual
one md In view Of that fact Il is not at all
surprising hat both the bulls and the benrs
are mauifesting tendency TO wait for further
developments before doing anything that
would involve the risking of any large amount
OF money.
Liverpool contracts we're 1Glis-6id up when
this closine cable came over today and the
inward tendency that had been reflected by
tho earlier cables probably bad something TO
do with the slight Improvement to be noted
In some Of the spot months on this side at
the opening The opening prices were kept
M for few minutes only. after which O
decline occurred some of tho active months
going to points below the opening The
quidation which caused this easuess having
ceased to some extent a slight reaction took
prices, generally speaking. ~ to the opening
scale New York closed down to 2 up, the
principal gains, as has been the case on one
or two recent occasions, being made by the
next croD months New Orleans was ! 90 8
Spots were lfeless at practically all nonts.
on this side there was a very smaii amount
OF business reported. with the exception OF
that done at New orleans. and prices at all
OF the principal markets We're unchanged.
Liverpool. however which has tended DOWN
ward for some time past advanced the scale
}2d at which prices so01 bales wefe sold.
The weekly statements were bulltsh, as
usual. The stock al American cotton IA
Liverpool decreased 36,0oJ during the week
and is now s0S,O00 less than last year The
stock anoat is l0,UD less than last week aud
1900 less than last year
The amount brought into sight during the
week was b6 $50. against IS, loi last year md
5a,il three years ago. The total into sight
Is S,6Si 1873 or ZOOS COS less than last year and
5si.gf4 more than in 1897.
The stock OF cotton at Houston decreased
over 5000 bales during the week. OF the
amount shipped out 1000 bales was handled
The daily movement was about the same as
usual Receipts at the ports were 6ibl.
against 1905 and 3l29- Houston received
606 bales against 1914 last year and 2SS IL
1881 while for tomorrow the estimate Ia 20
IN $50 against 1863 and 62i The New Or
leans estimate is 5000 to 1900. as compared