The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-18
COTTON LOST STRENGTH
Prices Broke on Selling BY Longs Late In
the Session.
PORT RECEIPTS WERE EXTREMELY LIGHT
Estinatc for Houston, However, Was
cuite LarEe--Sew Orleans
Closed.
Futures 2 to ~ points down.
Houston spots quiet.
Liverpool 1 to I 1-2-64d mp.
once OF The Post.
Houston. tuesday. April IL.

Houston. Tuesday. April IL.
Liberal selling BY longs had a bad effect
on the cotton markets today. considerable
strength being Lost during the latter part
OF the session.
Early conditions were fayorahls and for
some time after the opening the markets on
this side ruled firm and steady Liverpool
was in fairly good shape after its long
rest prices there at the cloae beig ] 20
1ihd up on future and 1-16d higher on spots.
In addition to this considerable influence
was welded by the news OF heavy rains in
Louisiana and other portions OF the cotton
belt. and during the FIRST part Of the day
ali indications pointed to an advance. The
heavy selling already referred to was brought
about BY the higher prices quoted, how
ever. and before the close some OF tho ac-
tive months sold some 10 TO "a points lower
than the highest Of the day. The New Or
leans exchange was closed on account OF
the election being held In Louisiana and no
business in either spots or futures was trans
acter there. as a result of which New York
was compelled to bear the brunt OF the bat
tie. Last prices in that market were to
IA points down, The rapid fluctuations OF
the day indicate according TO sonic of the
experts who keen in close touch with tho
situation that a considerable amount Of
manipulation is being engineered in New
York aud TINT the condition of the market.
generally speaking. is due TO this rather
than TO any OF the other influences named.
The bears say however. that The news OF
improyd croD conditions in Texas and other
psrts OF the belt. together with reports oi
the large planting which. 1t is alleged is
being done everywhere 20 factor which
is not 20 be dlsregarded. and that the lower
urices arc perfectly lesitimate in view oil
the circumstance
spots were not changed in any important
particular Only comparatively small
amount OF business was done and there was
no especial activity at any OF the larger
markets Galveston, which did not par.
ticipate in the general advance Of yester
day marked It's prices IN 1-16c today.
The figures showing the movement fol
the dsy presented a somewhat anomalous
condition of affairs The receipts at til
norts were quite light. while, on the othe
hand. The estimates for some Of the interior
points notably Houston. were largely IL
excess Of the receipts for the corresponding
dsy last wear The Houston estimate proba
bly, had some hing to do IN the way of in
ducing selling late in the day. although tn
bulls declare that It is only a temporar!
squirt and that IT really has but little bear
ing on the market The chief factors. the
say. are the weather reports and the con
dition of spots. the latter OF which ha
exercised a powerfu influence all during tn
season.
Houston received l122 bales against 1855 las
year and 17le three years ago. The esti
62i and 447. Port receipts were b9il vs.
mata for tomorrow Is 2@lp TO 300 againa
1909 and 1904.