The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-04
6NARROWCOTTONMAR
There Was Lille Life, But Prices We're Well
Maintained.
very Heavy Short Interest 10 Summer
Months.
The Statistical Position Is strong
hut Traders Seem TO he
Weary OF Figures.



Houston, Thursday. MAY 3.
The cotton market showed very little lie
yesterday. but prices were we'll maintain d.
and the close was at a sain of ] to points.
The speculative interest continues apathetin.
and thare does not seem to be any marked
tendency to onerate one way or tie other.
II is claimed that there is heavy short m
terest in the Summer months on the New
YORK cotton exchange. but Il does not seem
inclined to become frightened very easily
The statistical position IS strong. ana the
spot market Is Arm All facts and hgures
indicate that the visible SUPPLY IS rapiuiy
APPROACHING the zero point. Tie bears say.
however that the cotton world hns been
dosod with figures and facts about tn
strength of the position until il is abso-
lutely sick of the subject. aud that the
power OF figures has expended itself. They
claim that it is absurd to expect people to
buy this cotton at prices above &c. whfh
the new crop which is only few months
off can be had for cent to cent ana
quarter per mound less Tho bulls answer
them by saying that the mills must continue
running and that next seasons cotton can
feed the spindles in July and August. Iney
believe that such scarcity Of the STABLE
will be seen this summer that the spotholder
can name his own price, and that the mau
who has sold paper cotton will be forced to
cover at something above Zoe
in tho meantime the market nnctuates
within a range of or points daily. and
doesnt show any more life than 1t did
wear ago when the figure was on the board
instead of the that is seen now.
Liverpool had another day OF good spot
business to report ll.060 bales being sold at
yesterdays decline in prices Sales in N5w
Orleans were good. but in other Southern
markets SPOT business WAS very heat
The decrease in port stocks is becoming
more marked daily. Galveston now has only
1900 bales OH hand. as compared with 10000
about week ago. ANA So,oJ0 at this date
q year ago.
Richard Cooke & Co, Of Houston cay:
Showers II Texas. good SPOT business at
IiveIpool aud with futures in the English
market ] to 2-64ths M Influenced a higher
opening here this morning Forecast for fair
woAther TODAY and tomorrow. coupled with
he absence OF outside business. furnished
dun and featureicss market prices IN con-
doquence losing all Of the early gain OF
points 4 reaction. however set 10 at the
last hour when part OF the decline was
recovered market closing point or two
better than laet night The government VIII
NOT isFue statement on acreage devoted to
cotton. and he preliminary report on May
10 VIII be short the estimate Of acreage. The
weekly Bombay receipts were u,00t against
81 100 last year and 5000 in 1873. Market
while being weather one, VIII also be
iuhueuced by developments IN tho snot de-
partment which at the moment shows signs
a ROWING.
NaS York Commercial NAV !; sondheim
bros bought 1900 January. This buying
excited good deal OF interest and was vart-
ously attributed to New Orleans. Philadsl-
Ohi9 and Wall street and lobody seemed 10
know whom II WIS really for Weld n co,
were understood to ne heavy sellers or De
cember and January on the rise after buy
ing heavily last week on lower level.
Liycrpooi report says Lancashire is
dropping into a position that prevents bust
uese. EXCEPT on a basis Of winter nostions
when present orders are run out say six to
eight weeks from now we shall witness cur
tailmept Of production to tide over untti the
new crop comes u. OF course an This sun
poses that weather for the growing crop is
Al on your side
The range Of prices on tho active months
in the future markets follows;
Opening. High. Low. Gloss.
A5 SsS Nh 2; 5 s.;s sS S3s
Al New Orleans:
The estimated receipts for Houston tomor
row nre from $50 to 400 bales. as against
81 last wear ard 6Ss in 1897. The New Or