The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-30
COTTON MARKET WAS DULL.

be buliish n the government report Rive'
an estimate Of much over ten million bales
Russell & Crutchaeid Of New York hav,
issued an estimate Of 1880 900 for tho
| present crop. based upon inquiries made
through 5000 Southern correspondents
| They also state that the replies Indicated
that up to November 80 or therenbouts al
least 50 per cent OF the crop had been
picked mud 60 per cent Of i marketed.
Liverpool opened MP slightly lower with =
tone dulet and stendy. Before noon there
was slight Improvement until at the close
prices stood y to l point higher than the
previous days close IN the spot MARKET
the demand was limited and prices closed
points down on the lower Rradea. the hg'
ures being revised, leaving the higher
grades unchanged.
New York ouened quiet and steady. Jan
uary declined. then advanced. closing IN
changed from the opening. March opened
at s.26. advanced 20 800, and closed at
1927. The market lacked support and
fluctuations were the rule In all months,
At the close prices we're steady, / point
lower 20 ! point higher.
New Orleans opened steady at decline,
quickly followed by a slight rally, which
gave an upward tendency TO nearly all quo
tations. This condition did not last long.
however. and the close was barely steady
at prices unchanged to points lower.
There was q small excess In the current
movement. Receipts at all ports for the
day were J7Oi9 bales. compared with b5
9s6 for the corresponding day OF last VA.
For one day this week the total receipts
hive been 57,049 bales. compared with A.
a3S for the same day Inst week and $685.
for the corresponding time last year. Thus
far ina the season they have been 3,bli,SJ3
bnlcs. compared with 3,abo.22S Tor ne Coz
responding week OF last season Exports
for the week have been 023O bnles, com
pared with $3.50 for the same time last
week and $1,000 for the corresponding
week Of last season Stock az United states
ports for the day was LOIS SOB bales, com
pared with g22,W4 for the same day OF Inst
week and $50, 203 for the corresponding day
Of last year.
The New York Commercial gives the fol
lowing resume Of cotton goods exports:
This division OF the cotton goods market
continues somewhat stugnnnt when com
pnrcd with its usual condition at this time
Of the year. The great bulk Of buying
which Is commonly done by Chinese mer-
chants seems to have gone by default Sell
ers here have not been able to arouse
these customers TO the fact that now is as
good time as they VIII have To cover their
future needs. Word, however, comes back
from the kingdom that the exchange IN
China is continually Weakening ana that
owing TO the unsettled condition Of the
money market, together with the fact that
consumers are not suffering for goods, has
caused buyers to show little interest In
American cloth. The exports OF goods from
this port 20 China during the past week
Included 5GO4 bales Of cotton goods valued
at sos, 6js Arabia was the next heaviest
purchaser, having received a shipment OF
SlOl $50 worth The Philippines have been
fuirly liberal buyers during the week, al
though they have not gone beyond their
actual needs ia taking goods. Red Sea
buyers have shown a little l1ore Interest
IN the market, while other countries have
been only Intermittent purchasers. South
and Central America took "A large variety
OF goods. although the aggregate volume
was not large. IL II learned that Ot the
S34S 5Oi worth OF closely woven cottons
purchased by the Philippines the quantity
woven I'm America amounted to only Sl4,-
T33 IN value. Great Britain led with S2l3,
112; Spain was second with S3O,O2i, and
Switzerland was third with y20S2l. The
United states ncld fourth position. Oi
loosely woven musiins the archipelago took
a valuation OF 500, 728. England and the
British East indies together sending $50,
S2S worth and the United States little
more than oue-siXth Of that total. Spain
leads the shippers OF knit goods with Il
value Of $40. 6!6. which was about two.
thirds Of the total, American mnnufdc
tuners sales amouns%e to St4S, While II
might have been possible for buyers "a
do a little better than the quotations be
low last week II IL doubtful " sellers are
willing TO meet them on the same grounds
now, with raw cotton advancing daily.