The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-05
Ton PRICES LOWER.
yeroool Market for Futures Lost
lad Net.
YORK LOST II TO IS POINTS

Closed 3-32 Higher at Liverpool,
ned 1-9 at New York and New
+Ieans; Unchanged Elsewhere.
hears pulled themselves together
yesterday and put the bulls on the
liverpool opened 3-6id higher, but a
cot I'm later and futures closed 1-64l
New York's opening was near the
arures of the previous day, but
were the best prices of the day,
H. Prices started on the down
and ran off until the closing. with
kueht reactions In the meantime.
Rose was II to Is points lower at
ark and to 10 down at New Or
Knots advanced 3-32d at Liverpool,
In lie at New York and New Or
nd closed unchanged elsewhere.
III the peculiar features of the cotton
IN its present condition was the
! Yesterday under circumstances that
4 he considered bullish when com
with the conditions of the previous
4sben the market made a striking
In other words, prices go up on
news and down on bnllish informa-
on Wednesday the port receipts
estimates were large, but yester-
90 were only moderate.
1hulllsh sentiment has given away to
klsh feeling, and even rumors of u
klation at New York did not suffice
keome the downward tendency Of the
nor did the small receipts and mod
/ estimates have more than u ten
bracng effect on prices.
! friends of~cotton are relying on
spot demand to drag the staple out
4 slough of low pricefs. but a better
N persstently refuses to materiallze.
mates for today are: New Orleans,
\ 5000 bales, aga@t 34G3 last year;
/ n, $500 TO 1000, against 1925 last
active months ranged as follows at
York and New Orleans:
I York Open. High. Low. Close.
S2J So S Oh S. U6-UI |
.......... 7.74 ia 100 1853
............. SIP s1s 7.97 7.o7-9s
............ 7.9T 500 1851 t.si'SS
r.h,.+o, 81 NIoridi,n Aues GAYS
present seasons crop:
/ OF the most remarkable Incidents |
kcted with the marketing Of the crop |
El9Ol was the eager anxiety of the |
L. to buy when prices Were at the
: he equal eagerncss of every broker |
whole country to supply their wants !
! time, and the utmost Indifference Of |
Berchant to part with his purchases |
! the farmer. These are strange and |
! ncomprehensiblc phases of human |
!; yet we find them literally true in
bmercial life. The result of these |
b which all of us unfortunately In |
numerical life fall heir is simply this:
Spinner has largely purchased his
out of this crop from the broker,
Poker has either stood open on his |
Ebr purchased contracts to cover same, |
Jug In a large proportion of the
rs product having been bought and |
fifth an agreement to deliver, months |
1t had pasRl ous of their hands.
farmer and merchant who followed |
bherent rights man, clinging to
(which Is his own, refusing prices |
he should have accepted, afterwards |
sing prices which he should have re.
4 now realize g. faa that the broker |
*old his cotton before he had pur-
It, was naturally interested In cir
fg everything having tendency to
p prices.
4ng all this Wild scramble to part
5property, the worlds greatest pro
Bat the lowest point of the market,
3inner friends could not see the ludi-
SIDE of it, they were not in posi-
r do So as they had bought at the
pa could only sit by and complain of
being too high, and trade too bad.
ne question naturally arises; is trade
/ certainly it must be to those who
~ tue raw material ut 10 cents
.aey attempt to compete with their
ofs VINO bought at cents. We
assume that the basis of
at present, and tho state of
determined entirely by present sur
ngs, with decline in cotton cents
una, Is trade bad, can not manufac
MAKE most handsome profit at
prices OF cotton, and present price
Product; If the reader is Mt all
~ ~ iurther argument Is necessary on
movement Of the crop does not bear
le hgures of the generous dealers
~, who have so industriously cir
reports ~ from 10,250,000 TO IT,,
40 any one of calm and reason
Nv VINO mas looked into the situation
valuable consideration attached
IMPRESSION of their Investigations, it
SIIins clearer every day, to them,
Ms crop can not exceed a,T3DOpO,
me South does not hold the
o. cotton it has been made to APP
generally known that the crop
Ssiois are further advanced than for
'sals, that is, in having land in
/ II s sal Tor planting. Heavy rains
NM IsVile sections, already necessitated
In peins done over, should they
ME- y might be serious interfer-
HA the brilliant start attained IN
n i, mere can not be any enormous
~ acreage this-season, unless IN
n ~ llgh prices of foodstuifs,
IA ~ apor and indlsposition upon
X VI merchants to supply farmers, Ia
lnnat they are told to expect in
Il ~ prices, Will not have II ten
tlsnncs Isely Increase the acreage in
r nv be, and should he, an in
|he,lsrA cotton at better prices, and
Iprizon prospects of clearing East
gsi consumption M Ieast ii o01.nO
Nth 100000 10 2.OtA.O0O Visible
ehee y required TO hold the specula-
buesryV 'd INNATE for the trade to be at
Tor ms, o. SPECTATORS whether they
eithn, easonably high or low prices.
ecpls,a. ieNel exists, brought about