The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-09
Opinion Is Divided and Bears Hesitate 10
Take Hold.
LABOR DISTURBANCES A POTENT FACTOR
REPORTS Arc Probably Exasscrated,
but May ne Expected 60 Exert
Much Innucncc-~Exp views.
tspscia, TO The Post,

tho developments OF the past week The
incest calculation has been upset and the
best laid plans at beast delayed OF ui-
1llment
The semi-panlc in Liverpool was a thing
that has again and again been prophesied
and yet 1t can hardly DO said that New York
took 1t calmly or well. This exchange that
is not without a record of bold operations
and has heretofore shown an ability to seize
upon every chance of making capital Of
such occurrences. seems now to be over
come with caution and inertia The exact
reason for It is not easy to understand sell
dom ia II so hard to get at the real feeling
of the leading elements OF the exchange and
their reluctance to commit their judgment
as to the future course OF prices even in
personal way is strikingly unusual
The bulls do not like the condition OF the
American textile market and the bears hard
ly enjoy tho eager demands OF the British
manufacturers and somehow neither can
take comfort from the points that In the op-
posite way should encourage them. The
first class feels that while the English spin
ners show plainly that they have been
pushed into the corner as 1t was predicted
they would. the increase in value gained for
the white staple abroad will be very much
mills, while those who would otherwise 30
actively on the short side roalise that with
Manchester mills crying for raw material
bearlshness seems decidedly out OF place.
New England. in fact, has upset the mar
ket. When labor unions assert their strength
and manufacturers declare that they prefer
idleness to losing Industrial activity the
chance for a row that will throw TO the
mand ia good. There is nothing which
brokers and SPECTATORS either in stocks or
cotton. hates so much as labor difficulties.
In them they feel that they have to deal
with something entirely out OF the usual
limits of their calculations They can set
aside so much for bad weather aud count
upon the worlds demands and It's possible
decreases. but when those who have so much
TO do with putting the staple into forms that
mean wealth there Is no telling how extended
and fsrreaching tho damage and the cost
may be. when a great number of men.
especially those who have the advantage OF
not easily acquired skill on their side, start
out 10 battle for what they believe to DO
their rights. the worlds needs and their own
hinder not TO be considered. the end Is so
obscure that the chance Of specializing with
success on the final values of the commodity
with which they have to do is very small
and vague.
Back OF all that II can be said OF the
cotton market in New York al this time
that the labor situation Is holding the real
balance.
The fact that half a million pieces Of
goods were purchased at Boston in one batch
at prices only fraction of cent higher
than when spots we're ranging some cents
lower than they are now Is most significant
Certainly 1t proves that during the past year
the so-called enormously increased demand
for fabrics was to some extent only specu-
lation in manufactured goods and this being
so, the question naturally arises: How much
stock is concealed that will be Ablo 10 be
brought out and make mill activity and spot
puroba sing unneeded, even whilo demand Is
strong. England has not got the goods, but
America may have, and have them in sbun-
dance. 1t puts new phase on the question
as to whether 10. 100000 bales this year Will
be enough
Mr. william Mohr said to The Post oorre-
spondent that ii would and more. THE
Liverpool demand he went on 'is keeping
prices up and will for some time. The
cotton is not in England nor ON shipboard
bound for there. nor is sufficient at ports TO
supply their awakened demands. and as there
can hardly be any pressure downwards while
this Is the case. decline is improbable. But
nevertheless Fall River Is in bad way
and the Asiatlc markets still seem closed
and the urgent need but temporary. How
much nor how gradually It will let up can
not be said, but after a little IT does not look
now as II Il would increase"
Generally speaking" sd Mr.. John Black.
when receipts are beginning 10 como in
Is not a good time n bull the market stir
the British demand is sufficient perhaps TO
cause higher range"
In trying TO find a solution Of the problem
u must be remembeted first. that those who
were most outspeken in favor OF an advance
do not by any means say that their felief
in ultimate results is change And even II
they aid they are speaking today under
admittedly confusing con Hions and win
soh ) unidentified excitement when Liver
pool takss its head they have learned there
is no telling where It may go,
To look at the situation as clearly as pos
sible and az those do who are not prejudieed
by the fact that they have interest on ethor
side the conclusion Is reached that while
holding of is in every way wise the actual
position OF the staple In the commercial
world has not largely changed during the
last fortnight. England has done exactly
what was expected. raised a sudden cry 10
have her hunger appe@sed and ouch talk
as there has been regarding the intentions OF
her mill owners 10 shut down and leave the
world 10 its nskedness Is decidedly visionary
New England is in sBarl. but the labor
troubles are very probably exaggerated.
As the skies clear the opbortunlty will
appear and II they do not the game Is too
hazardous a one for even the brayest OF New
York's bears. Altogether II Is Just a little
BIT beyond them now, but as one said 10
The Post correspondent today 4 haven't
quite lost faith in the effects OF a good crop
DAMAGE story even against New England and
the whole Asiatio war.
And, by the way e. the 1980-i90i crop an
grown and gathered? Here in New York they
seem TO think that they have counted it even
TO the last bale. Stuart Aeheson.
SUGAR.
New York. September s.--Sugar-~Raw lrm:
fair refining "a. centrifugal So test 4 l5-16.