The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-04-23
SPOT DEMAND WEAKENED.
MUCH REALIZING OCCURRED.
short=ae Of Movement Not Sufficient to
Maintain the Bulls-Sellers More
Anxious Than Buyers.
AT THE CLOSE:

AT THE CLOSE:
liverpool 1-64d lower.
New York, points down to point
up.
Now Orleans, to points lower.
SPOTS:
Liverpool unchanged.
New Orleans. Lice lower.
Elsewhere, unchanged.
Yesterdays cotton market was In very
reactive mood. The prop OF powerful
spot demand was Withdrawn and bears in
creased the weight of the load Under the
impetus OF buoyant foreign advlces the
early range was lifted In way which In
dicatea that nothing was to rufae tho pull
ish waters Later developments, however,
gave suggestions of great possibilities In
that direction which we're augmented by
strong desire to let speculation lag.
The statistical story was not entirely sat
isfaetopy TO the average bull There WAS
a slim shortage in arrivals at outposts and
that which appeared IN the estimates fot
New Orleans. Houston and Galveston was
not sufficient TO suit all ideas Of exhnns-
tion. The Interior movement did not possess
any signs OF plenty. but the spotholder met
the fuling price level with much more
willing hand Liquidation proceeded after
Lively fashion in consequence of these
less decisive Signals from first supply
sources and the power OF absorption was
quite unable to turn The tide. Just us the
most stalwart periods Of strength were
drawn from the demand of the trade for
actual cotton so were the symbols Of weak
ness reflected through waning interest In
that branch OF the commodity Onerers
who had been Influenced by the recent
course Of events In preparing big sto'ks
for the wants OF buyers were In evidence
throughout and the motion Of counted bales
served to Increase the spirit Of Indifference.
II must he clear that the thousands OF
bales that have changed from gin to spindle
IN the past fortnight have sImpliaed the
problem Of immediate needs, and lf Is not
surprising that the spinner should pause
for glance at The prospects OF r'motcr
supplies while the question or acreage is
looming up in all it's hugcnrss. In this
connection 1t is also clear that the solu con
OF the problem can not Doe found in he
remnant Of the present crop aud the metnod
Of marketing the latter may occasion a
similar uneyenness I'm the outward Sign Of
supply and demand In other words. much
will DEPEND unon the fact as to whether
the crop remnant Is equal in elasticity Il
the chords OF consumption. Reports con
corning the new crop were not encouraging
Backwardncss was the keynote TO the nu
reau's weekly bulletin, though no Injurious
signs had as yet made thcir appearance
The Texas condition was given as follows
Cotton over most OF the state is up to sat
isfactory sands. planting continues Il
the north and northeast sections and r'
gions where drouth prevails piowlng an
choppng well under way.
New Orleans took the lead In the deciir
as II has dono In the advance. which onI
discloses more plainly the real influence
at work Activity was nc a discount no
the sweep IN fluctuations was sufficient
turn former hears to another method
operation. While there was only one dire
ton to the course. II was easy to see I'M
the deadne was drawn al about 70 po'n
lower when the support Invariably hrnngI
an early rally.
liverpool was good enough at first. hi
lost much from that position. sales
the spot amounted 20 10000 bales at u
changed quotations Contracts anal
showed loss Of single 1864. The h
English market is evidently waiting n
shown upon matters that relate 10
definitely TO production,
New York opened unchanged on April Q
to points better on later deliyed
There was slight bulge at Hrst and We
narrow fluctuations for some time after.
constant decline then made It's appcaran
with some Improvement in evidence In {
two hours following. after which there "