The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-08
JULY AND AUGUST COTTON
THE POSSIBILITY OF A SQUEEZE IN
THESE TWO OPTIONS.
Late PLANTING and piminshinu Supply Is
Causing Some uneasiness.
Dry Goods Situation.
Especial to rho rostl

New York. April AFTER the holidays
the cotton market Is expected 10 open to.
morrow with renewal OF the past weeks
activity.
Considerable uneasincss exists among the
New York trade, and particularly among
those short Of July, as 10 the cffcct OF late
planting upon the movement during July
aud August. In fact, there Is growing
disposition among close students of the
situation to look for materially higher
range OF values during the last two months
Of the current season. This expectation is
not, however, based so much upon uutici
pations Of revival In the demand for cot.
ton products, Us II IS upon the technical
condition OF the market at present aud the
indications now evident of Its probable IN.
ture position As one careful observer OK
presses Il "Southcrn spot holders have
hcdgod against loss as result Of further
declines In values 10y selling May and July
contracts In this market. This in ccnncc
tion with the bcarsh tendency Of local
traders has resulted in very large short
intcrost here. And, as the movement Of
the current crop is even now beginning 60
dwiudle; as the July and August movement
premises to be unusually light this season,
hy reason OF the late start indicated Tor the
coming crop NhNu " w plcllN ktutFulN uhe
dcrstood that the movement during these
two months Is usually very largely com
posed OF new crop cotton although II Is
counted IN tho production OF the preceding
season.; as the New York stocks are daily
diminishing and MS there lS every good rca-
son TO suppose that such stocks as are here
on July /, will be IN very stroug hands;
there is, In my opinion, excellent ground
for expecting decided and aggressive ma
n,pulation In these options aad mighty
! tight squeeze In July ~ natural result
tntn Nf.aN
! goods on the whole, continues to contribute
very little encouragement TO holders, the
| situation Is not cntiroN devoid OF favorable
Indications, travelling salesman WHO re
! presents one Of our largest iohhing houses
aud who has lust returned from trip
| throughout the West, reports decided
! improvement in trade conditions there, In
| Chicago ana ST. Louis particularly he found
| a much better business than on his previous
! trip. Taking the trip right through he
| said ~ found very much mere demand
! and a greatly increased disposition to tnlk
| over future requirements. Merchants In Tho
interior have Just about exhausted theiI
| supplies in some eases considerably over
year old from which, in conjunction
with more recent purchases, thoy have hccr
feeding local demands And. ne n conso
quepce they are much more ready 10 talb
business"
Aud In this connection II may he interest
ing to note that considerable number n
inquiries have recently hcen received from
Canada for both manufactured and raw cot
ton. A local firm last Monday received 10,
wire from their correspondents nj Toront,
advccs 10 the effect that trade there ha'
recently showed signs OF material improve
mcnt us result Of lower prices. Take
altogether. therefore. particularly In yley
Of the more peaceful aspect Of hnnrs y
china, there are many IN the icrnl trad
. who believe that tho low level has hcci
reached and that probably such decrease Il
the actunl consumption Of cotton goods q
I the seasons final lgurcs docs show, wi
, result mainly from two causes First, th
sioppagc OF business with china, with II
\ resultant loss of $4,000 bales Of America
5 per season. And. second. the slightly r,
, duccd amount required by the people q
This country on account of tho unusual an
, great prosperity which has nndouhtchl
caused tho substitution In some Instances
= Of more costly fabrics, such MS linens silk
p WOODS etc. But Il docs not In tire mind
y Of many. seem reasonable TO supprsc tha
G the frnciionallv HIGHER prices have cause
= any considerable decrease