The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-02-03
FON IN NEW YORK.
Great Coraer still Having lis
Effect.
1u,TIoy IS GENERALLY RuLLlsH
Hammer IL Chinese Ports
[ i. o,eurd "a Trndc-Nr.
shepperson's views.

,spaelal 10 The Post)
i, February 2.-The corner this
"a the bringing iuto New York of
very near to 2Oo,Olo ba.es Of cot
n three days, part OF which was
,sa,awn from Fall River in order
srae,s might be filled. 1t was an eS-
ner,cnee lc those who were short,
,ylbelc.s it proved the immense re-
rb,eh even those in Athe most des-
,,stion have. VIXEN the occasions
hem. As to the incident itself,
wilson, who was the prime mover
,n,pulation, undoubtedly represented
,sr more influential interest than
m, the outcome caused no panic or
lr,gsle position for the market as a
,,.ders are asking, how ever, How
rphrnary is the manipulation likely
AZ The room traders many OF
go suffered severely, arc, In partic-
,Ided in their opinions as to future
reuts. In many quarters 1t Is argued
Ia the firm still ho.ds largehmount
they have protected themselves
posslble loss by heavy short sales
nary and March and that, there
~ interest in the maintenance of
III shortly cease. Others believe that
on hackers Of the deal have already
arrangements for absorbing such
istion NJ stocks as may exist after a
S.aine deemed advisable has been ac-
sl in the New York market, which
III advisable by those in charge OF
Of the speculation. However this
or whatever may be the policy of the
shrewdness aud ability with which
has. thus lar, been engineered, 10
DO indication Of immature plans nor
failure in their fulfillment.
hnuary manipulation has, undoubted-
a stop, momeutarily, TO business in
klIyeries than those Immediately at
8nd Il may also be regarded as hay
tlhd depressing influence on outside
hon, but, as a member OF a prominent
tm put It; at is fair field and we
On an equal footing. If people viii
Of the market, they should take
edicine when they get caught" Re
n the foregoing nature are frequently
but there are many conservative mem-
the New York trade who express
Tes as regretting the temperance of
and forcible manipulation in the
narket.
htleman, well aud favorable known,
The older New York commission
ssid to The Post correspondent: Ma
cn Of SO marked a character as that
stlng in the current market, has
bad the effect Of lessening pubic con-
and driving away outside business.
look upon the market as sure
cr the Insiders aud they, consequent
saie to enter into active operations.
n that the deal " II do great harm
fieting the public Interest which has
been such fea ure OF the New York
Trade"
question of next seasons crap posst-
Pnd The probable carry-oyer have had
Farc Of attention during the past few
oP-non seems to b. gaining ground
crop this year OF even 10, 500, geo
IRE can be no great surplus on Sep
4 The idea OF no cotton to fall
0h 40 case OF accidents to next sea
Op Is not agreeable and W Il prob
Nileeted IN the quo atoms of the
Positions al no remote date.
liFed B shepperson, In speaking 10
sorresponden., said today; Il do
Nnere there is very much reason
Cotton on legitimate grounds at this
'aler the scarcity will appear, ana
March ! look for an advance due
70 actual cond tons"
Sn.' opinion OF one OF the most
s'atsile'ans is to be put that of
'wao says this; FEBRUARY Is ia
- SIMILAR to that OF the late month
nnk certain amount of the ex
*a'eh has been prevalent this week
'ae options up certainly for a fort
agsr.p
! ulese twoIhe line may be drawn.
s'sl sentiment is that a far amount
- g DC naturally looked for, nut
vH IS such as the very corner
pFA tsea has shown that cotton is
9'VA position. For Instance, there
- single season 100000 bales
Yuma, and now this year with
fAe- open, the very highest
zoe commodity have been gained
Wv aas9en, therefore, if this source
r4ae should suddenly be opened
'p''nauc agreement? What IS equal
a. O. last years crop would sud
fs ior and something besides
t'a'nls have stated candidly that
Investments they know of
Soipp.ng Of goods to China
- ports are open. If this is
=" sasy as i for any incident that
i rs nature 10 produce an actual
,,, ~ commodity as It now stands.
~. 49, value OF the staple has been
bs,t,,,, Is expected reaction occurs
s's 10 buyers seems to be
stuart Acheson.
l0Cu MaRKtJ DlvIru