The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-01
REACTION In COTTON VALUES

By i-scd. In the finale, contracts showed
an increase Of 1 to 2-64d.
New Yo-k opened 10 on July aud to 2
up on later months. A sudden bulge at
once made the hest Of toe day and SOW
decline prevailed during the FIRST hour and
made range that extended with small va
riatIon until noon approached. Anothci
downward move started shortly after and
caused tottom prices to lie reached within
the next holt hour. narrow improve
mont occurred In few moments and con-
tlnued until near the close Of tie call, when
prices again rcct ded to the lowest OF the
day. In the net result September lost IL
points, October . and the otaer options
went t. points lower.
New Orleans started | 10 8 points abcve
the previous Close. This Was the best 81
the day aud steady decline set IN and corr
tinue1 for thirty minutes The fluctuations
remained exceedingly narrow Until just
before midday. when Their. was a drop TO
bottom prices. A recovery began socn
after ard With a 3 TO points lncrels,
formed the range that prevailed to the
wlnd-uI. In the let suit August aud
Sept, niber declined points, November .
and the balance OF the LIST lowered and
points Sales at the four American mar
kets amounted to l2lB3 bales ana spot
quotations were uniformly reduced lice.
The movement showed an excess for the
FIRST time ia several months Receipts at
oil ports for the day w,re 4i97 bales con.
pared with 2I67 for the correspond ng day
II last year, Since Friday they have be N
1910 bates compared with lila for the
mn ,,f tus FLt
corrospc ndng dine II last year. Thus far
in the season they hav. BEN 7427.Su0
bales, compared with $4,000 FOR tho cor.
responding time NJ last season. Exports
nee FRIDAY have been 25N2 bales rom.
pared wi;h 1857 for the same time of lust
week aud $3.50 for the corresponding tme
81 las; year Stock AT United States port
FOR tho day was -lp63s bales. compar d
w!ih 2,aH45 for the same day II | s. week
and 3o-,i-C for the corresponding dIy OF
last year
Fairchlld & Hohson Of New Urlenus wired
Cargll & Richardson. Damaeng reports
from Texas Influenced the Liverpool future
market to level q points higher tnau "A
night, although spots were easy and down
l-32d. Gun ndvlces. however, reported Ia,
weather as clearing IN Texas ana official
predictions were for generally far weather
for that state tonight and Friday except
lhat scattered showers were probable over
NoTthchSttru Texas tonight. Having moved
eastward tho rains OF the last fcw DAYS
made their appearance In tna drouth-
stricken section of the north central belt.
the district of Arkansas recording II prcc!p
tatlon Of l"d, Memphis 80, Wick sburg .iu,
and New orleans 30. While the more enst
cin districts showed rains VI "a to 30 OF
an inch.
The average for the belt figured 81. with
the cessation II rains aud the return of
fair weather In Texas with the breaklnc
Of the drouth Ia the Little Rock and Mem
new bales a. Houston today, twenty eight
~ Galveston 0ud the reporting OF new bnies
In Louisiana, BordclcOuYille receiving one
Alexandria ono against one on August 5
last year, ana Baton Rouge one dgulust
twenty i've q year ago. turned Texas Hood
buyers OF last evening into Texas dry
weather sellers this morning.
Ibe tendency u Amer can markets after
opening shade better than yesterday was
downward md Liverpool soon followed the
lead ~ closing at Il net advance for thc
day of only 1851. AZ the opening of our
market September was traded at TS5 De.
ccmbcr at 100 but the knowledge that
Texas was clearing up developed selling
movement that closed the market coo
points lower thqn last night, september
IT3MLI4, December 1921, ~. Spots closed
easy ana down l.l6, sales To, none to ar.
rive; middling SIS. Spots at Galveston were
also reduced 1.l6 with 10 business to re.
port and lniddllng reduced to Sg4.
Our crop ndvlces from Texas are glorious
Dallas wiring that prospects we're never
better than they are now, that weather was
clenr and warm and is Just what was
needed.
Tomorrow's visible supply statement
VIII hardly show much cnunge from the
total decrease in all kinds OF sos last
year. when that of American lost S0sQS
and other kinds 69,000 The movement for
the week will not differ very much from
the Insight figures OF last year as i've In
terror points only lose 20g6 bales. MS against
9is9 year ago, aud port receipts since
Friday are 1850. against %, IA last year,
which deficiency Will nearly he made good
by a less loss In interior stocks than last
year and a greater allowance by 1000 bales
for Southern consumption.