The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-02
COTTON CONTINUES TO LOWER

oueh TO fly. This is the garment Of the
bear. whit nextf
Liverpool closed with an Insignificant rec
ord. Sales on the spot amounted 90 coo
Bales nj quotations unnltered. Deliveries
on toe last cali stood unchanged 70 single
% higher.
New York opened 5 to 10 points ahead
81 the previous close, rested on this level
for short while then gradually declined.
Afterward 6 slight advance was started.
hut soon reverted and made loss OF 70
points 90 the noon call. The scnle then
dropped steadily lower, touching the bot
tom about an hour later. This range con
tinued throughout with small Improve
menf az the wndup. lu The net result
November and February lost . points, Az
gust IB and the balance 81 the list az
clned 20 2 points. sales on the Amer-
San side amounted 10 s256 bales- Spot quo.
tatioug declined l-lbC al New Aofk ana
Houston he NJ Galveston and went l-lbc
lower on middlinE and grades above a.
New Orleans, I-l6c higher on lower crul-
nary and ordinary. lsc better OF good or
binary and did not change on low uiddlng
the movement followed the course Of
liberality Receipts at al ports FOR he
dsy were 5T.5T7 bales, compared with 81
s5T for the corresponding dsy of last year.
For the week they have been 40s $50 ba ics.
compared with 4l9.2@5 for Inst week ana
2i6.S1s for the corresponding time ~ last
year. Thus FAR To the season they Rave
been 2O4s 444 compared with :. 1870 Hfe Tor
the same time Of last season. Exports Tor
thr week have been 42G. $50 bales, com
pared with ZT68l7 for last week and 2sG
la1 for the corresponding time 81 last year
Stock al United States ports for the day
was Gl1441 bales. compared VIII 63s's59
for the same day ~ last week ana t1,s-t
for the corresponding day 81 last wear.
Writing on the China trade, Wednesday 6
Commercial has the following,
With Red Sea and East Indian hyers
showing little interest Zoo the m1rEet, sell
crs ~ heGvy BE-. owns are most interested IN
the China situation The 5t1ituae ~ native
merchants and importers iu the shanghai
market has changed but httle. ON uccuuu
Of the heavy volume Of goods under con-
tract and steadily CCmag forward. ~ BE-
natural that they should bc conservative
rpraT1iu purchase for spring delivery.
Tie advance iu goods prices since early
summer the uncertainty regarding tho ~.
fure price position of cotton. the decline
iu exchange. tine Increase ia Import duties
and the uusetteled political business siiua-
tiun In interior thina and Nanchurla+ are
an fsrtOrs that invite consideration II is
natural m view 81 these facts, thst tue
local trade should pursue Whiting policy
and that the reaction from the recent ok
IRENE reserve OF sellers sh"ud increase
the Indifference Of buyers. y lille few sell
ers az four-yard md heavier browns are
demanding the extreme asking prices ruling
two weeks aEn they have rcceded from
that position but slightly, aud the majority
are stiil llr above she price limits ~ most
I China houses The recession ln cotton prices
aud the withdrawal 81 most buyers from
the market, has had this much Influence
aud no more, They cnu afford 90 await
the pleasure Of BUYERS and VIII do SO unless
there Is some change In -he situation not
disceuihle st present They know that o
lHrge business Is So come forward and they
have seldom been better sold al this period
81 the year
A private wire from Temple said There
IA moderate top crop here From per
Funai examination have not much faith ia
IT, as II shows no nearer maturity now
than II did ton DAYS ago. Where there
Is continuous growth Of plant as was the
case last year, top cotton natures
fast which Is not the ease where
new growth sets 10 and makes
forms as is the case now Going through
farms md cattle iu muuy fields thgt have
good top crop. which Indicates farmers have
absolutely no hopes Of its maturing.
Houston's estimated receipts for today
are Zoo 20 14000 bales against % 74s
last year New Orleans expects 1900 10
l9"Jo bales against ll.ss4 last year