The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-08
COTTON WENT HIGHER.
Buying Of Winter Months Had The Effect oil
Causing Slight Advance.
MARKET WAS VERY DULL AND INACTIVE
The Movement Was Li@ht One All
Around--wenther and Crop
News the Feature.
nfnns Of The Post,


Az result OF some fresh buying by COM
mission houses on account of further rains
in Texas and other portions Of the belt cot
ton prices improved somewhat today. The
range of huctuation was very narrow ono,
however, and. as has been the case for some
time past, there was an absolute lack OF
activity or new features Of any kind
Practically the same condition Of affairs
prevailed in Liverpool, there being but little
doing there at any time during the day.
Prices at the close were about 1s-6id lower
on futures. while spots were not changed,
10 900 bales being sold at Saturday prices
prices in the home markets at the opening
were a shade higher than Saturdays close
and after dull and spiritess session an
advance OF ? to points was shown In New
York, while New Orleans went to higher.
The winter months showed more activity
than the others as a result of the influences
already referred to-
The movement was very small one re
ceiHts at the ports being 1896 against 1912
last year and 697i three years ago Hous
ton received PSI bales for the day against
1923 last year, while for tomorrow the csti-
mate is 4sO to 500, as compared with i245 and
lis4. The New Orleans estimate s. 5000 to
$500 against 44et and 1915
There Is very evident disposition on tho
part Of every one interested to watch the
new crop Developments and to make oalculs-
hons thereon before doing anything definite.
As a result business seems to be practically
at a standstill--a condition of AFFAIRS which
will probably prevail until tho trade is able
to note the effect on the crop of the coming
- ..t..gs. 0
which has been 30 general. The Posts crop
report gave everyone interested very clear
Idea OF the conditions existing in this state.
hot ;be rans which have fallen ,inco these
reports were sent in may have something
10 Go with bringing about changes in ccr-
tsiD portions NJ the State Notwithstanding
ell Of the unfayorahle Influences which have
hsen at work the majority of Tho members
Of the trade seem to look for a comparatively
large erop witch. they think, will bring
prices nearly. u not quite as high as those
which are prevailing at present
The ranRo Of prices on the active months
10 the future markets were s8 follows.
New York Opening High Low. Close.
August ........ Q. es-@ go 926 92g
December ..... S.i05 sos 500 S,0'-Os
New Orleans
october ....... s,oobs S.o4 sol s.o3-ol
Tho decision Of tho department of agricul-
ture to postpone its report on the cotton
acreage ti all Of the crop has been planted "
broker is reported as saying. will de
stroy any possible value this report might
have had for comparison Of its figures With
those OF previous years made on the date Of
May 10 1t Will Of course, add largely to
tho acreage figures, as much cotton is Always
planted after that date anyhow and, with
the conditions now existing, much more than
usual will be planted this year. Tho decision
ia distinctly In favor OF tho short interest IN
tho next crop options
Here is the opinion OF another operator:
1T Is admitted that the exports OF cotton
to Japan, China and Mexico will exceed the
previous year by 200 00O bales u is claimed
by Secretary Hester that the weight of this
crop will be so pounds per bale iess than
last year. say, in bales 10000 so that with
crop OF ., coo bales American mills Eng
land Franco and the continent will have a
guppiV of pu1V hal