The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-04-26

C'SCNWtI'Sg i-oS Hb''~l'
Bulls unloosed the latches. tore down
the fences and mounted every center Of ap-
proach to yesterdays session If the cot
ton market. u is seldom indeed that the
trade makes IN Its mind with such n
unanimity Of opinion and 1t Is seldom that
an upheavsl so rapid is vet So steady The
proceedings Of the day might have led one
10 believe TINT the skeleton Of famine is
already dangling from the technical clouds
that are forming and July will only see the
bones. The expected happened 50 far rs
the bulls were concerned and aside from
momentary rufhe the liquidation of May
contracts did not alter the gcnersl course
NJ events.
In fact, the latter feature simply made
abe size Of demand appear greater. The
amount Of notices issued on this option
might at other times have becn depressing
but the power Of absorption quickly do
molished all offerings. With this pressure
disposed Of there was no ebb IN The tide
AZ bullsh sentiment aud the value scale
was quite at the will of the commodities
friends. The new statistics of the week
struck death note to bcarish hopes Tho
story OF consumption was told In the fact
that deficit appeared in the worlds Wis
IDLE supply for the first time Of the season
There was decrease Of 10000 for the
week. compared with a decrease Of 5000
In 1901 The exports for the week were
also Of note in this connection There was
an excess of $1,000 bales in the Withdrawals
compared to the receipts Mt scaports the
effect Of which became more pcrceptible
upon decreasing stocks
The sourCes Of sunnIv r,,-o
dcnce Of the "prcciptate drop" aud in the
face of shrinkage "yislble" stocks at thirty
NJ the leading interior towns wore officially
reported at 2ao.o 600. against $4,000 yoar
since. There was falling OF NJ 12.ooa
10 receipts at these points and shortage 81
II coo In arrivals N outports Tho osti
mates of tho day quite confirmed tho views
NJ exhaustion, Tho shrnkaca was most
pronounced at Houston amounting to 400
70 $50 against 4l4s last year There was
reduction Of 1000 en- the tnto.sIEht.
which left an excess Of 100000 in market
ed bales for the season and to he early
overcome by the falling receipts
Under such Influences the spot Furnished
tho keynote to the trading md contracts
followed. The activity was immense and
former records Of value were distancrd in
manner mat suggested big things for the
future Talk Of 9l5 cents gave way to
that of 10 cents and the fact Of obtaining
the article was frequently more important
than the price. Tho sweep of fluctuations
showed plainly that radicnllsm was in the
air and New York threw Of all backward
tendencies. Tho interest of the public was
Intense and the talent of the big south,
ern exchange counted masy now converts.
Liverpool onthnled the bulls, Sales on
the spot amounted to 1000 bales at quo.
tations advanced lied or to - ID FOR mid.
ding In the finale contracts made a gain
Of 3.64 to i.64d on ncar aud 2ig-64d on
far options. The trend Of affairs across
the water leaves no room FOR doubt as tn
Laucushire's needs, even II exports have
exceeded the average mark It Is not Ike.
~ then that the remnant ot the crop could
become too dear in the eyes Of the British
market.
New York opened = m on April and > to
3 up IN later deliveries, After an imne.
dlste bulge there Was a drop 10 the lowest
prices OF the day. gradual adGancc