The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-09
COTTON CONTINUES TO BREAK

ent time. stiIi regards its intrinsic posi-
fion as emitting 1t 10 a far higher price
than ret reached. That no matter what
the crop may be the expanding require
meuts Of the world FOR American cotton
are 10 be the determining factor for this
season. as they were the past season when.
not withsiandibg the fact that crop ex.
precautions Of 4 large part OF the trade
were exceeded hY q million bales. only 70
BE- absorbed By an increasing consump-
tion which was then not entirely supplied.
Liverpool was brisk az frst. but turned
the tables later. sales on the spot amount
ed 10 5000 bales at quotations lower By
i-l6d. Contracts made a anal loss OF 10
2ls-64d. The English market draws its I'm
pressions Of the crop rather from the
movement than the aeld.
New York opened to points above the
previous close. An immediate gain made
the best Of the day. after which there was
a rapid decline during the arst hour amount
ing to about points recovery Of half
Of this loss made tbs range that prevailed
until midday approached when a full le-
covery took place. There was a steady
decline during the balance Of the afternoon
causing bottom prices 10 De reached on the
dropped 20 points October Is and the other
months lost "a TO "a poiuts
New orleans started points up ON sep
TENDER apd practically unchanged on later
months. a small rise % The early moments
brought top prices and there was a rapid
recession during the first bait 81 the morn
Ing. Some improvement followed and con
tlnued Until an hour before noon When
the scale started downward and followed
that course slowly bur uninterruptadly dur
Ing the balance Of the call. IN the net re-
suit October declined IL points. March "a
ana the other options went lJMl6 points
lower Sales a. the four American markets
amounted 10 1854 bales. Spot quotations
were marked down 3-i6c at New Orleans,
lsr az Galveston and Houston and else
where left unaltered.
The movement was colossal Receipts at
al ports for the day were 22,44o bales com
pared with 1881 for the corresponding
day Of last year. Thus far ia
the season they have been 1Sl.o29
bales, compared with SO PCS for the CORE
/ spending time 81 last season. since I'M
dap experts have been 49.2ss bales com
pared vita So94 for the same time of last
( week and 25.4T0 for the corresponding time
/ If last year stock at United States ports
with 1853 1874 for the same day or las, week
and 223 500 for the corresponding day Of
] last year.
I Inc ae0ruhl OF AuNmeIff SAYS OF iAt VT y
goods situation. Any doubt existing as 20
/ the improvement IN the general tone Of the
/ market for cotton goods must by now
have been dispeled, even though there has
not as yet been an outward sign Of 1t iu
I tie shape ~ en- oreu advance 10 quota
! lions. Buyers have realized that while they
Z are able 10 purchase such goods as are on
/ hand az previous prices vyish little more
( difficulty than before conditions are chang
Ing against them when busiuCes Tor for
1 ward delivery is Dnder consideration. 10
WAS noted yesterday that mills had in-
! slructcd their agents not 70 sell further
Z ahead on staple softous NJ prevailing prices
I and business has. "a q uumher OF direc-
I tiOnr, been declined 10y sellers - accord
I Anre with these Instructions, The home
! trade shows n growing interest 10 the ltua
fion. and there have been Inquiries iu the
market from exporters Involving a consider
4 able quantity of Merchandise few 81 which,
( however. have resulted in actual business,
] Aggregate business hiss been or fuily aver.
age extent aud The demand for quick dc
( livcries keeps the market in fairly clean
I condition.
Houston's estimated receipts for today are
4 % 09o 10 230Qo bales, compared with L..
/ lle last year Ncw Orleans expects 4co0
10 500. against 24l0 last year