The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-06
SPECULATION WAS TIMID
ON DEVELOPMENTS OF MONEY.
unFavorable Wal Street News and
Runors Of Strike and Of Near Death
OF Queen Milhelr7ina.

At THE CLOSE:
Liverpool, to +-s-d lower.
New York s to 9 points lower.
New Orleans, : 10 Is points lower.
SPOTS:
Liverpool, unchanged.
New York. i-i5e lower.
New Orleans, unchanged.
Houston 1-sc lower.
Galveston. unchanged.
Yesterdays cotton market might he
termed The Bears Delight since every
thing about the speculative whlrl was con
ducive TO decline With the initial bulge
swept away it marked the bulls destruc
ton. for business was quite pnralytie and
the demand for the feecy staple expe
rienced one II those reverses that savers
Of evil to the commodlty's friends
The immediate SURROUNDINGS 50 far rs
they relate TO supply did not form the
basis for 4 watering courss. While The
figures Of the movement have shown
greater strlnsency when the holders n the
lBil # the crop were more confident Of
4 perpetual upward move there was get
a shortage TINT made the claims II the
big crop estimator look Ike 80 cents
and stocks displayed more Elanng sicas
Of exhaustion. The Withdrawals which ex
porters caused at outports amounted r.
three times more than receipts Five lead
ing interior towns presented 3 shortage
Of 50 per cent IN arrivals and that percent
age Of reduction very nearly appeared IN
the stocks Estimated receipts half as
large as list yer were considered cvea
liberal
The features q dlE-a-arenaut came from
sources of broader Significance than the
remnant II the crop Timid speculation
was the result Of radical movements in
Wall street and there were times when biz
things hued the mind Of the pessinist.
These developments came from the news
of three failures cr the New York stock
exchange as wei as remarkable rise 20
the value Il money on cal~ Numerous
runort with regard % strikes that ara
ROW OF the way 70 maturity and will spread
iuto conflicts n National Importance
gained the ear n the operator These
clouds upon the general environment were
thicEened by the impeding death n the
queen % the Netherlands ont Of which mat
1srs of international political moment bid
fair 70 rise II is seldom Indeed thar tbs
ruling factors Of tre5c undergo SO swift
transformation although 81 IS clear thai
the unexpected has happened. OF c7urs,
any one n these disturbing elements could
lead IN condition that of Itself woult
change the nature n consumption IS vel
as throw q heavy burden upon those VII,
hold the supplies Il Is not surprising theT
that suggestions Of such condition shoult
be The herald ~ q elurnn aud IL might h
counted as favorable that the later al
sorption prevented its becoming greater.
In the meantime bulls retain their CONF
dence IN The ultimate operation ~ the lsy
If supply and demand and believe II onl
waits for the temporary illusions 10 p
displaced In order that the upward nat
nay be followed more easily. Fluctuation
covered a hroad range ana left no Voor
for doubt IS to current opinion Their
WIS a fall so sharp 80 the early moment
as 10 endsnrfr the standing of al recen
gains ard New Orleans was So The from
Of the reueat. Spots were quite In III
same attitude rs the less substantial artlcl
and quotations were frequently marked
without the guide Of transactions
Liverpool was SIN o champion Of uric
destruction. Sales on the spot arnountc
10 1000 bales at unchanged quotations. Coz
tracts hnHily scored loss Of 4s4d @
near and l-6sd on remote options. The hi
English marker is yet very nervous uno
the subject Of Its oloseness 20 the rang
Of values Of the great Southern e1chanE,
New York opened 6 20 Up on near an
TO up On Tar options. There was litl
change in the FIRST moments. but sio,
decline soon started and extended unit