The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-31
COTTON VALUES DROP AGAIN.

lowest and remain with only 1-point
fuctuation until the sounding OF the gong
In the net result December and January
lost II points, May and the other months
lowered s and 9 points.
New Orleans started to points under
the previous close. The variation was very
small at first and the loss kept within the
3-point limit during larger portion OF the
morning. Towards noon continuous de-
cline set In and extended slowly until the
midday CALL when the lowest was reached
There was an Immediate small recovery In
the next hour and loss Of a point after
ward formed the range which, differing
several times by the rise or fall of 3 points,
extended until the wlndup. In the net re-
suit January lowered points, February II,
June 6, while the balance Of the list dc.
clined and 10 points. Sales on the Amer
lean side amounted to COLO bales. Spot
quotation lowered l-16c at New York and
New Orleans and stood the same at Hous.
ton and Galveston.
The volume of the movement was quite
discomftlng to the friends OF the com
modify. Receipts at all ports for the day
were $3.50 bales compared with 39,2ll for
the corresponding day of last year Since
Friday they have been 11s.0o3 bales, com
pared with IL, 476 for the same time Of
last week and 1888 for the corresponding
time of last season. Thus far In the sea
son they have been 4690,50S bales, com
pared with 4,449,2l4 for the same time of
last season. Since Friday exports have
been SS,O5O bales, compared with 4,625
for the same time OF last week and As, S65
for the corresponding time of last year
Stock at United States ports for the day
was 1,003,769 bales, compared with 061,62l
for the same day OF last week and loo, 094
for the corresponding day Of last year.
Fridays New York Commercial says Of
the goods situation:
1.-The only feature OF the cotton goods
market aside from well sustained de-
mand for print cloth yarn grays and other
convertlbes was the advance in Lancaster
staple Gnghams. This authcntlcates re-
cent reports in these columns of the I'M
usually heavily sold condition OF such
goods. All wash goods IN fact were never
In better shape. Trading in such goods
and In the majority Of finished is neces-
sarly slow because Of the small available
supply for weeks to come
Those firms or spinnerS who have cotton
yarns TO sell ut market prices make no
complaint regarding current business Many
splnners, however are making policy Of
many dealers are having difficulty In Sc
curing enough yarn at market prices to
meet the moderate demand, Splnncrs for
get that the recent advance was largely
made possible ny tho efforts OF dealers
to cover short sales. Now that they have
covered It Is another thing TO get proper
tlonnl prices from customers"
A late Liverpool advice reports as fol
lows:
"rhe market has been generally bullish,
with further tendency to decrease crop
estimates, which induced considerable buy
ing by continental operators, and local
bears covered their short sales on an ex
tensive SCALE causing prices to advance
sharply.
every little fresh news has TRANSFERRED
about the crop and considerable amount
of anxiety and nervousness stil exists In
the markets here regarding the ultimate
size OF the yield The question continues
to be much discussed and estimates today
range from nine and a half to eleven anc
one-fvurth million bales Never before ha'
there existed such wide divergence o
| opinion at this late date and whether tn,
crop be a large one or a small one every
bale VIII be required, as machinery Is run