The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-15
"A SLUMP IN COTTON VALUES.

tonnage pointed to large exports for the
felt ON this score. While acticn was limit
ed 70 9 narrow scope bulls sgsin took 1or
their motto, "stropg statistics aud large
tho years which most resembles the present
IN respect TO the movement nave 1een
those distinguished Tor iDsunicieney Of sup
ply. The buBiness was above TIE average
"a point OF activity ans the fluctuations
wide enough 10 be decisive.
Liverpool was highly comforting 20 ihS
bear saieS On the s9St s sn9 sT e sal
poiDtA At the close contracts went lower
81 TO SO points According TO private
advices the current crop reports Affected
the English market
New York opened points up on Deem
Der and 70 points down on later aonths.
Prices went continually lower In the early
trading and a lo-point loss was sustained
about the middle Of the morning. A resc'
tion set IN at this time and fully half OF
the loss was regained by the noon call.
more rapid decline began early In the
afternoon and extended until the last hour,
when q small improvement took place. THIS
was soon lost and values afterward went
on until bottom prices were reached on
the Anal call. IN the net result January
lost 70 points and the other months went
10 to l. points lower.
New orleans started 10 points below
the previous close This was the best or
tie day aud q 3-polut decline made the
LIMIT az fluctuations through the hrst hait
OF the morning. A slight Improvement
prevailed up TO midday, but there was
gradual recession during the next hout
which caused bottom prices to be touche1
and over which there was very small
variation In the closing moments OF the
cali In the net result November declined
poipfs. December and February and the
other positions lowered 10 points. safes
at the four American markets amounted %
5l76 bales. Spot quotations were s,, reau S,5d
grades below were marked down l-loc at
New Orleans. Houston and Galveston
The seward movement was immense
Receipts at all ports for the day were
TeGS4 baies, compared with ASA Tor the
corresponding day Of last year. For tue
week they nave been S44 s7e bales, com
pared $50 US FOR tho last weeb and 52T.lUl
for the corresponding time OF last year
bus far In the season they have oeeI
:. g55. 80 bales compared with 2BiI,o-4 toI
the corresponding time OF last season ~
PORTS sor the week have heel lso,o04 bales
COMPARED with ls3y75 for last week aud
2.a 42a for the corresponding time or last
year. Stock at United states ports tol
the day was s29,sg5 bales, compared with
ri 523 for the same day Of last week ana
7S2, so for the corresponding day Of last
year.
The Journal OF Commerce says OF tn'
dry goods trade. The market for cottoI
goods has withstood the downward course
Of prices for raw cotton remarkably wei
owing, as pointed out IN previous reports
to Us unusually wei sold condition, but 4
Is undoubtediy beginning to show some ei
focts OF t. These are mainly confined q
L sh fHaara AZ FTtE
/ within the past tWo or three days ther
/ are signs Of 1t telling upon sellers: not II
4 connection with goods for immediate Q
near dsiive7ies. but as Indicated By IN
I fsct that IN come quarters sellers have init
mated that for more distant deliveries the
We're In -lined 10 consider propositions whie
/ would not have been listened 70 a snor
/ time ago So far as buyers are conceene
1 tho eject has beer TO make them NOR
careless than before over forward bushes
| In 1aplc lines, and the sellers thus nm
nttle or no response spot buying Is 9
| obolt an average extent.