The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-15
TRADE GENERALLY WAITING FoW
SOME NEW DEVELOPMENT.
what IouiS DcGumocna Thinks oil
the situntion--niiilsC Can ray
High Prices.
fSrceial to Tho PosiJ

New York, january l4,-'fho cotton market
was without sustaining features today and
closed at n decline. There ia very httla in
tcresi in the trend OF prices just at this time
1t may be fairly said that the trade gen
orally Is waiting for some developmont--af
iecting either supply or demanded suff-
ciont Importance TO Justify decided price
movement IN either direction.
In tho absence OF more important influences
considerable amount Of professional inter-
est has attached to the condition OF s,oclG
i at this port, which, as has been noted IN
| previous dispatches, are appreciably below
those OF former years, This feature in tha
situation has been made the bass OF con-
siderable manipulation in the January de-
4 livery and has also been one of the sustarn-
ing influences in the market
Some tie talk has also been heard today
respecting next seasons crop, aud whiIe
preparations for planning are suli several
weeks removed there are many who look
forward TO the inevitable early reports OF
increased probabilities as certain 10 exert a
boarsh influence On the spring positions.
Louis DeGunuens. tho head of one OF tho
when asked today by The Pos, correspondents
Tor MS views on the probable course Of TIC
liAtkeb Sala IN part II look or no marked
change In the market ton some time to
cen 2. There Is dlBcouraGlng absence OF
ouf,de business So far tais wear and | see
no reason for any decided reawakening OF
puuhc interest cntl the market meeta with
some development tending "a encourage nor,
active fluctuations, SO far as nrufessiona
irndlnE is concerned. IN inv whole expert
enee havc never tetore known time wheI
: the trade was so belonged as TO the exten
Of u seasons crop. one side claims that ",
! are already nearing the point uf exhaustion
I | Others are equally emphatic in claiming tina
1 there Is plenty OF cotton stili to come, whl'
nj 50 IN Ia ~ hat ia
sections the folds are stil white with uu
picked cotton, II Is nv opinion that the re
malkablo activity aud excitement recent,
. | exhibited In stock exchange circles has beer
y largely responsible for the withdrawal OF In
3 terest from cotton. and Il Is highly prohahi
a that return OF moro normal conditions Il
a Wall street Will be the signal for a far NOR
10 active cotton market"
= Many conservative people IN the trade O
. previously bcarish tendencies now prvate
3 ADMIT that, with crop net exceeding IN
y current estimates af around the government
y | ngurcs OF 100000 bales there can be II
~ surplus pf cotton resulting from this sea
sons crop. Some even 70 TO the lengths 4
10 prophesylng a sky-rocket market before ia
g. close Of the season. In this connection
So may be OF interest to note tina, the rcpresen
% tative OF an Eastern mill In the course a
10 conversation with Tho Post correspondent
IA said: while spinners are backward the
~ are by no means carving such socks {
~ manufactured materials as they pretend A
~ active demand from this quarter will mos
o. assnredly and a. no very remats date prov
y an Influence OF no small importance IA M
10 botterment OF values. while the demand 4
cotton goods Is we'll known to be below n
'57 average for this time or the year. II
isl nevertheless steadily gaining ground nm
yea spinners Will soon be forced into the mark,
so Tor their raw supplies so far as the presei
nrics OF the stable proving In the long M
,r. snS ueesaeo eheck 70 consumptlca. do NJ
"a | mink. when tho great prosrarity OF n
IA country generally Is taken into consider,
"a ton. this y an areumen; deserving mu,
thought The price has OF course had n
enect ~ pastponlnE orders Ii the hose
les better terms bur wher Tho puhie IRE or
'hnrough'y cviivinced that they will no.
- snis 70 secure shelv Eon1s a. any iaore =
yershlr figures. Rave no doubt whstev
~ that considerable areumllla,ive Demand "
~ ~ ureesevsd-