The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-24
CONTRACTS AGAIN ON DECLINE.

erai times during the dsy till towards the
close the level eased on several points and
dropped to lowest on the final call. In the
net result October and January dropped
s points, November and February o, while
the balance Of the list went 5 to Z points
lower.
New Orleans started 4 up on October
and 1 to ? down on the later months,
gained . 10 8 points in the early moments
and ranged accordingly through the morn
Ing. A small break started afterward with
an improvement shortly after the noon call
followed by a gradual decline Ia the last
hour. which extended to the close. In the
nes result October declined I points aud
the further positions lowered I and : points.
Sales on the American side amounted TO
S4S3 bales. spot quotations advanced l-16c
az Houston and did not alter at the other
markets.
The movement was still extensive. Re
ceipts at all ports for the day amounted
to $3.50 bales. compared with 55,s66 for
the corresponding dS OF last year. Since
FRIDAY they have been 2D4,533. compared
with 233,0T0 for the same day Of last week
and 2l9. 40 for the corresponding day OF
last year. Thus far In the season they
have been l,5l5,222 bales, compared with
i.Tl2.oQ2 for the same time Of last sea-
son. Exports since Friday have been u.s.
5lS bales, compared with 1872 500 FOR the
same time Of last week and ljS,i0S for the
corresponding time OF last year. stock at
United states ports for the day was 6iS.-
one bales, compared with ASS, 48i for the
same day OF last week and 6di i53 for the
corresponding day Of last year.
Arnold B. Sanford, in the monthly letter
Of the American Cotton Yarn Exchange,
writes as follows:
1--WE are pleased to chronicle for this
month that a change for the better has ar
rived: the corner on the long road Of de
preston has been turned, there is certainly
a much better feeling and a decidedly
stronger undertone to the market for cot
ton goods and cotton yarns, tons
point to more healthy conditions, and a
better demand for fan aud sprlng trade.
Our manufacturers are feeling much en-
couraged and are looking forward to "a more
profitable business. The ruiuously low
prices at which some sales were made on
southern yarns during the months OF Au-
gust and September by commission houses
and yarn dealers IN Philadelphia and Now
YORK city must have been made with n
view to discouraglng spinners. hoping that
the losses Incurred on such transactions
would drive them into curtailing prOduc-
ton; surely such figures as these sales
were made upon could have only one result,
heavy losses to the mills filling the con
tracts, and II continued In for six months
would place some Of them Ia the hands OF
i''tI NtiS' ''Ntll'lu Sl4lNtIN nave now as
serted themselves and advanced prices
about l cent per pound, which viii at least
prevent n loss In manufacturing hut adj
nit Of no profits: they are looking forward
TO a still higher range Of values Ia the near
future, and we trust they viii be able
to obtain them.
Cotton dominates the situation. all eyes
are watching the government and expert
reports oyer croD conditions. We are uskrd
daily: What do Won think Of tho cron
prospects! Are We going to have "A large
crop or q siSqll one? We frankly reply to
our friends That we do not know, and can
assure them that n we possessed this val
liable Information Of being able to fore
cast what the crop would he, there would
be no necessity FOR our grinding away any
longer at the cotton yard business. But
for ourselves we should not want to he on
the short side Of any contracts for cotton,
cotton goods or cotton yarns under present
conditions, and we have been advising our
friends to cover their requirements for at
least three ia six months"
The following specials were received:
Galveston.-"W have seen telegram from,