The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-08
AN INNING FOR THE BEARS.

cashire 10 doing Its best 10 make the lat
ter loon, largest.
New York opened ! point up on July and
1 TO 3 lower on more distant months
slight bulge at once made top prices OF the
day, after which there was a rapid decline
to bcttom prices during the nrst thirty
minutes A slow recovery followed and
upon q gain OF 3 points formed a range that
extended with very narrow variations until
the last half hour. There was q gradual
ease OF at this time. which continued until
low mark was again touched on the nnal
call. In the net result June and August
dropped Q points. July 7. September 8 and
the later options went / to points lower.
New Orleans started to 3 down on cur.
rent positions and practically unchanged on
others, There was 4 sudden drop OF TO
points 10 the early moments, then steady
recovery, which prevailed throughout the
next hour. A similar decline OF nearly as
much again followed and made a range that
ruled with few changes until near the wind
up, when another small loss appeared. In
the net result June declined points. Au.
gust 3. September aud the balance Of the
list ] and . points Sales at the four Ameri.
can markets amounted 10 1850 bales. Spot
quotations were left uRalterod.
The tone Of the movement was quite IN
changed. Receipts at all ports for the
day were 1898 bales, compared with 406S
for the same day OF last week and $3.50
for the corresponding day OF last year.
Thus far In the season they have been
1921 ,346 bales, compared with 1855, $50
for the corresponding time of last season.
Exports for the day were ll,O49 bales,
he 10
last week and HISS for the correspond
Ing day Of last year. Stock at United
States ports-for the day was 3sA,e44 bales,
compared with 422,oil for the same day
OF last week and 1890 for the corrr
spending day Of last year.
wire sent out from wellborn, Texas
stated: on June / cotton prospects were
never better. Since that time the lice and
drouth have checked the growth and the
plant is dcterloratlng Prof. Mally of the
Agricultural and Mechanical college has
been Mt work in the Brazos bottoms near
Noliborn for two weeks and reports three
wecviis to one last year. lie says 1t in
ciudes nNe adjoining counties. A planter
from the bottoms states that unless the
boil weevil Is checked the crop win he
literally ruined.
The New York Journal Of Commerce
gives the following on the export trade:
The demand for heavy brown cottons Tor
China which sellers are looking for has not
yet developed. There have been inquiries
In the market, but none OF them has been
OF pressing character and they have ap-
parently been made more with the purpose
Of keeping IN touch with the general situa-
tion than with a view to actual operations
az the present time. The market for silver
continues quite irregular aud an uncertliu
element 10 export operations. Reports
from Shanghai show that distribution there
Is on fair scale, but 1t Is evident that
sellers with their stocks on hand and sup
plies due to them on existing contracts
nave not yet reached a poluI where re
punishment is imperative Meanwhile
sellers here are not making any special
EFFORTS to force business. As Of late there
are instances OF odd lots of goods on ., "a
pelnB available Mt concessions from gulILg
quotations, but the general conditions r.
shown by the fact that even these are
SLOW In finding buyers.
ihe only transaction noted for Red sea
ports has been the purchase Of 1000 bales
yesterday on, In comparison with quoted
prices, easy terms. From India there has
been no sign of resumption OF buying Of
any moment.
The tone OF the market here for heavy
brown cottouS IL quiet hut generally
steady. Some irrcgularity is noticeable,
regarded as outside brands. The follow.
| my Is fairly representative range: Drills
STANDARD Eastern 5Hsc TO Is standard
| Southern, Gl2c; 3-yards, 5Ac Sheerugs
| Eastern standards sac to S7kc; Southern
! standards 5i9c to 59S6. 3yards. 54c, 3 q
yards, 4'kc; 4-yards SIC to 49sc
| Business has been fully so 10 the re
! cent average with Brazil and other South
/ American markets. Central American
/ shows moro doing with Colombia, but 4
| quiet business with Other countries The
/ demand from the West Indies has been
I generally quiet. Australia has sent forward
/ fair orders but there has boon little doing
/ with the Philippines aud Hawaiian islands
/ Inc outward movement last week IN
| cluded declared shipments " 2p74 package,
! from this point aud SI60 packages from
Boston and elsewhere; In all los3i pnck
secs.