The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-07
May BE A COTTON BOOM.
4 Distinct Change Of Sentiment on
New York Exchange.
THE aFADDENS SAID TO BE SHORT
Another Big Firm Is on the Bull Side.
May Be Squeeze IN July.
Outlook Better.


Special to The rost)
Houston. Texas. Aprn 6,-rhero has becn
distinct change Of sentiment on the New
York cotton exchange during the past week.
The had attack Of hcarishncss which tue
members have suffered from ci lat Is more
or less relieved. some cycn going $50 FAR as
10 hone that tho trouble Is permanently
over. bit whllc this mas he an eyacsera
flcn. Il Us not SO to say that the pcsdnstlc
feeling that has So long prevailed regard
ipg cotton is for Tho lime being over and
a much more cheerful outlook Is at hand
70, tho contracts for the staple.
II has been stated hero before thai some
thin. very decided IN the way Of news
would bc needed to effect a change. and
while It can not De said that any one event
has occurred which Is responsible Tor the
altcrcd feeling. the Information TINT has
beon obtained from various sources has
hccn Of such different character fran
that which we have 81 late become used 10
Thar the alteration in sentiment is Justin
atlc and proper. We are approaching the
end OF crop year and We are doing so
without very much cotton on hand to use
fDr immediate Moods, cvcn II such needs
10 small. The feeling Is jus, gs potent
whether the demand is large ar not. Whom
oucr the market gets TO the rud og rs
tathcr IN The way OF supplies then St Is
scrions question, tor 90 amy moment the
rry Tor cotton may conc and there can
q but one result So far no great do.
mond has been made Tor the staple aud
ihe rurtailmcnt which has been planned
is being carried out without any very sre1t
difficulty. But sooner nr later this cutting
..f T. .trt.g
then the world viii ask FOR its apparel and
iho>c WHO hold Tie bales VIII feel tue re-.
tuli As matter Of fact, the week has
SHOWN good export trade Ia a small way
and 1t is said that, Il 1t had been HE de-
sire Of certain operators large amounts
could easily have found market on tho
other side Conditions. however. do not
favor squeeze at thls moment not he
cause those who hold the chance OF effect
ing one are naturally tcndcr.bcartcd aud
rhllauthropic, but rather because they have
bigger game Ia sight ana are not willing
TO waste their ammunition ou small fry.
This Is the story rs 1t Is rumorcd about
on tho exchange and The Post GORE
spondcnt cau say that there Is very sub
stantlal reason Tor II. The Mrtuddcns are
short Of cotton and have contracts which
they arc hudng difficulty 10 filling. ON the
other hand, thc greatest cotton dealing lrm
II The world Is playing the part Of bull
and Is making II uncomfortable for ms
american competition. There Is every owl
dence Of this happening and Ia the Mst
fcw days Of the present short week the
behaviour Of the futures gave distinct
evidence that something unusual aud pre-
Aumahly az such q nature rs has been de-
scrihcd was taking place. There seems
little doubt. for Instance, that both May
hId July are under the control Of some
individuals, who are operating together
and with a unity ot purpose that speaks
badly for those who have sold and will
have to deliver or settle M. The quantity
Of cotton which the McFaddcns are be-
iieved TO be shor, Is not large enough To
be Significant with such firm as II Is.
but nevertheless e. IS making II uncom.
Portable for the smaller traders who had
followed In their footsteps ana who AZ
each little Rise run tn rover or are sold out
by their brokers on expired margins.
Outside Of the May and July Incidents
mentioned above, what IS going 10 do the
work Is the actual news that Is 10 como
from the cotton belt The south. Pre-.
sumably. Is not clear ~ cotton: but that
portion of Il which was little while ago.
loosely held has hccn shaken ont. ana now
only the strong holdings are to he found
there. This Is whore the new strength
In the position Is TO DO found That nor.
uen Of the white staple now IN first OF
second hands is secure with them: II will
not APPEAR az any time 20 break prices aud
II viii not feed the bears as they call FOR
the whercwiihal to make their deliveries
IL Is OF course, chtalnahlc at certain
pF'cc hut no; at those prices prevailing
how ana whenever offerings NJ Is arc N
srpal that They tend TO break figures. thcn
II the time when Il NIL hc again with
Drawn aud The market win resemble the
enc that is prevailing now
Probably, II The truth were rally 10 hc
known, tho condition f. moro or less Grid.
cat There IL little cotton that can Ice
called Tor aud there j. ~ any momcnt now
likelihood OF good deal being needed.
" the spinncrs get tired NJ following their
present course which Ia many ways Is a
peculiar Que. they viii mud themselves with
higher figures TO contend with than thosc
which few weeks ago did NOT apnosl 10
them. In other words, the ncxt rrc,t
quantity Of manufactured cotton that is TO
appear on tho market Is likely In lee pro-
dpccd from a raw material that costs more
than any that has been put ont for some
littte while pack
This is the way It appears at the mo.
men'. but after all It is only an appear
"nce: the bulllsh sentiment In cotton can
not be said 10 he established ana M any
moment things may he reversed. hut as
they look to those who know them best.
a brighter prospect IS In view aud higher
hgures will DO the result.
Stuart Achcsou.
WASHINGTON COUNTY.