The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-08
COTTON MARKET WAS WEAK.

10000 marx. while receipts for the same
time last year amounted 10 $4,000. Ar
rivals az outports since Friday showed a
shortage Of $4,000 bales. In sympathy
with futures that spot market ruled weak,
but without that pressure from holders
that frequently suggests big things be-
hind.
Liverpool was still without a guiding
line for either class Of operators. sales
on the spot amounted 70 1900 bales at
quotations lower by 4-lOod. Contracts
made a loss OF 10 points on the close.
while the English market is waiting Il
may be well to note the evolution Of the
actual stnH.
New York opened down on October
and practically unchanged on later posi-
lions. A allow advance OF 3 points In the
early moments made the best OF the day
and formed the level for trading through
most Of the frst hour. sudden decline
followed with loss equal to twice the
gain and as noon approached the initial
prices were recovered and maintained for
thirty minutes, after which the course
was steadily downward with weakest
prices near the close Ia the net result
October, November and January lost a
points, December Q and the other months
went to points lower
New Orleans started 2 70 up on nonr
and as much lower on later months, An
improvement In the early moments brought
the best OF the day, after which there
was a quick loss OF 3 10 points, making
the range until Just before noon when a
good part OF the loss was regained a
reaction soon began and touching bottom
prices within an hour formed level from
which there was little variation during the
balance Of the session. In the net result
81 nd nfg.ia q.
November Z and the later options lost 3
20 points. Sales az the four American
markets amounted 10 $3.50 bales. spot
quotations were lowered 5 points ne New
York, Y at New orleans and elsewhere
left unaltered
Tho movement was very liberal. Re.
ceipts Mt all ports for the day we're &C.,
534 bales, compared with 570s1 FOR the
corresponding day OF last year. Since
Friday they have been l5s.3O6 bales. COM
pared with lS2,4Go for the same time OF
last week and 145.a75 for the correspond
/ ing time Of last year. Thus far IN the
/ season there have been i.ls0,oi3 bales,
I compared with 678,00g for the correspond
! Ing time Of last season. Exports, Friday,
have been 81 100 bales, compared with
/ 160GS3 for the same time Of last week and
| V9,Sls for the corresponding time OF last
/ year. stock az United States ports for
4 the day was 45i,8i8 bales compared with
/ 410.551 FOR the same day Of last week
and 8s2.ase Tor the corresponding day Of
last year.
FalFchild & Hobson wired from New or.
leans The weekly weather report was as
bulllsh as ever, especially as 90 conditions
ln Texas, where excessive rains and IN
seets are reported to-have done further
I damage The late rains are said 70 hay,
caused cotton TO take second growth, bu
/ 81 is thought the season SIS too fer ad
{ vauced TO permit much OF the top croI
70 mature Living in the hope Of there
I result Of ne general rains in Texas, ar,
! looking forward FOR a large top crop n
I that State and az there was some improve
Z ment noted w the reports from the Soutl
| Atlantic States this week. professional
sold the market With q free hand. 10 wa
4 known 10 early hours that there was bu
I very little doing In spots; that Offering
were being made at n fall OF isc undo
I board quotations and factors were uuAlnu
/ sellers This feature coupled with a lih
] cral run OF receipts NJ the ports create
some CONSERVATION among timld longs
I There was m effort ON the part OF room
/ professionals to force Involuntary llquida
! ton, but IL was hardly successful invest
ors accepting all offerings at a price,
Apparently there IS but little demnn
for the staple at quoted markets, neyertht
less there is no let up IN heavy iuterin
demand Exports since Friday G210i
against T0.ais last year; since Septemhe
]. T7G609, against 419,425.
The movement this week will prObnbl
be as large II not larger than last yea
but the chances are. since American mill
nre consuming moro cotton weekly an
thorc being more at sen than last yea
that the visible supply Will favor the Ion
side.