The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-30
THE SENTIMENT BEARTSH
THE NEW YORK CROWD HAS NOW
TAKEN THAT SIDE.
There Are Many 5ulGsh Points in the
Situation, HoAyaverr-Ruuogs
OF a Squeeze.


New York, Aprj 2o-trop damage re.
pprts have apparently exrrtcd but ten
i0rary effect upon the New York trade
and with tho appearance Of clearing
weather. many Of these who were first
to buy cotton on the adverse indications
az last week have also been among the
FIRST 10 point ont that last season as late
as May considerable frost was reported In
some sections and which had very little
or no eject on the dua returns. In fact.
the trade as whole are now perfectly
willing 10 forget that considerable poi.
tlon Of the acreage viii probably have 10
be replanted. that the clop has been great
y retarded, and that while under ordinary
circumstances this would probably be of
bat slight Importance, this season both
seed and the nece.S ary labor are scarce
and any setback is therefore OF more than
usual Significance. Aud they are not only
ready TO forget this, but in their haste to
regulate what they consider an unjuStifed
advance, 20 Just rs far In the opposite
direction. BY which IL meant that having
made the weather responsible for rise
ot about 40 ppints when possibly 20 was
justified By the actual conditions, the New
York trade Is now perfectly willing 10 de-
press the market 30 points or so for the
purpose Of adjusting the original oxaggera'
But while weather conditions are un.
ducstionably the most important influence
Of the market. other considerations have
had much 10 do With the recent change
ences will undoubtedly prove Of quite as
temporary a nature as has the bad weather
OF last week and Of this description VIII
probably be the fear 81 manipulation Of the
July option Many features of the current
market tend 10 cOnntenance reports Of this
nature. however. First, we have the rap
- gauFFN ftsaftfa fs...lFaH
nj This mort. II will readily be recalled
that this feature was prominent fore
runner Of the January squeeze and In con
nect'ou With this ninny rulnors have r..
buil clIaue has been formed with head
quarters here and Of Liverpool for the
purpose Of eng4lnfefing an eiiI N ino
Visible sunplv Indicted for that date viii
h. of murh more slender Dimensions than
thsf vsbich woald now iutprDose and In ad.
dIftoo III MS II Il argued that these sup.
Mo. win Al thar tilnr probably ne vers
largely hell hv the ciigno themselves, who.
IL denross The market for the purpose Of
re.croatlnr an immense short interest and
lnrlAenialg aceumnlating all the available
and actual cotton
sib,e for The Post CORRESPONDENT either
10 deny or confirm these reports and the
fact nat fher are receiving considerable
attention and credence does not necessarily
tndIeafe that they are 10 any extent trust
WORTHY, worthy. But deals q this description.
While rarely ultimately successful, are
,nise freguently attempted and the eondi-
lions Indicated for next July would an
nsrentiy lend themselves very readily TO
such a movement.
,rIco hnwever may be contained In the
more more hopeful condition Of the textile mar
ket And n Is from this source that
Permanent influence for good must come,
tine reports from the dry goods district
.ineee,tir have certainly Indicated that the
s surpins stocks - he hands Of Interior
,rne,chauts are about exhausted, that The
inrge supplies laid IN by private. families
throughout the cnnniry during ne years
- law nrieps are also RAPIDLY disappearing
and that MS . consequence The wholesaie,
s'if ynsteriai change IN the volume OF their
hnsiness. Trade with China has also
shorln signs ~ life Of late while private
sd,Icex from Calcntin siate that there Is
\ good demsnd there for both cloths and
yarns. a.. tS,o..o ~.
a. ss legitimate supply and demand
are concerned pncrs are TOT hlsa. While
90 n had weather, manipulation ana
teS,u s,ersilation are enecrrnl In check
d. aggressive bear operations.