The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-18
COTTON SOME BETTER.
Both New and Old Crop Positions Closed
SIlshtIj Higher.
NEXT CROP MONTHS WERE WEAK At FIRST
Recovered strength Later, However.
Features Were Lacking = Spots
Quief-Movemcnt Unchanged.
oface Of The Post.
Houston. rhursday. Nae Il.


There were no features OF special interest
IN the cotton market today. The range of
Huctuation was wider than usual although
It was not so extensive as was that of yes
terdsy and. although a period OF consider
able weakness occurred during the forenoon
there was reaction later which took prices
up to and in some cases higher than they
were at the close last night
Liverpool made an advance of about 11-6id
as result apparently, Of the recovery made
by the American markets yesterday, and
this had rather a good effect at the opening
on this side this morning. The present crop
months were nearly. IL not quite. w to the
closing figures of yesterday but the new
crop positions showed considerable fall
ing off the most distant being as much as
s points down.
This discrepancy was about evened up
during the session however. and for the first
time in several DAYS the entire list showed
nearly the same ratio OF advance. New
York at the close was unchanged to up
while New orleans was 1 to up.
The day was a quiet one on the whole
there being a noticeable lack of some of
the entertaining features which have been
so much in evidence during the past few
days
Outside of futures there was but little doing
New orleans usual. sold some spot cot
ton but at the other principal spot markets
there was very little done. Prices at all
points. includinr Liverpool were unchanged
In the latter market the sale of only 5000
bales was reported.
There was no material change in the move
ment. the figures continuing to be rather
more liberal than the bulls would like to
see them. Receipts at the ports were 1880
against 52s4 last year and 205T three years
ago Houston received elt bales for the day
agairst 1913 and 2d6 while for tomorrow the
estimate is $50 to $50 against 1914 and 2s3.
The New Orleans estimate is 1900 to 34oO as
eomIared with 3i's and II.
The range OF prices on the active months
in the future markets follows:
Opening, High Low Close.
5 s5s@o.s 2 2.Sss 2 2s e! 22s slss3
d 6s5sS,. " 4 s5s-5s ~ s sss s s15-Ef
Concerning the cotton goods market, which
IS OF considerable interest Just nov. the
New York Commercial says:
De features Oh me past Week nave been
the continued decline in cotton yarn prices
and in wool and silk. Demand IN none of
these markets has been duickened By the
lower values established, n fact, II has
diminished. Goods lave necn sympathctlcalIy
affected but less effort has been made 70
push sales. and this fact has undoubtedly
helped 10 maintain prices. Present dizziness
in all divisions OF the market. as has been
stated many times before is usual at this
period OF the year aud represents the natu-
raj reaction from recent extraordinary ac-
tiyity. Ii will be prolonged more than usual
and it may be more than nomiDally intense,
The only thing for sellers TO do Is 10 wait.
aud wait patiently. This they can easily
afford to do thanks to the large orders still
waiting to be hlled
Here is recent Liverpool view: THE
position here is one that ought to cause the
near much thought, The consumption is
going on al an undiminshed rate. We don t
think spinners hold the stock with which
they mr.. credited. and Though their mar
gins are no. as good as they wee there will
be no short time until II Is actually forced
upon them bv A short supply OF the raw
material, Apart from any manipulated cor
uer OF which there IS no .alk at presont.
there will be a natural one. rs spinners are
covered largely with deliveries bought At
a considerable discount, ana they will ask
Tor their cotton Where those who are short
Of the contracts are going to get the cot
ton 10 supply them we can not see, but alto
Rether we should be very sorry TO be- short
Of ANYTHING this side OF 1901. even with his
crop"