The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-13
COTTON VALUES ARE HIGHER.

4, initial prices In evidence. which prevailed
until the last thirty minutes, when there
| until the Anal call took place. In the net
result August declined ! point December
gained 8 and the other options went 70
! New Orleans started point down on
near and NJ on later positions This
/ level ruled during the FIRST half hour, when
! a slow advance Sc; In and. With 10 B.
/ point improvement. made the range that
| extended until the middle of the Afternoon
! small bulge at this time brought best
prices and theie was little variation other
| wise until the gong sounded, In the net
result August lost ] point September adj
vanccd and the balance Of the list in
American markets amounted TO lT1T bales.
spot quotations were reduced li6 at New
Orleans aud Houston and on middlIng fair
at Galveston and otherwise there were no
clearinss TO note.
There was no signlhcsnce In the move
ment. Receipts at all ports for the day
were 1910 bales, compared with $50 for
tae corresponding day of last year. since
Friday they have been 1858 bales, compared
with 65e5 for the same time Of last week
and 1oSo for the corresponding time Of last
year Thus far In the season they have
been I44s,OSI bales, compared with 7,43p,-
go for the corresponding time of last sen.
son Exports since Friday have been 90
IA bales, compared with "a 400 for the
same time OF last week and %. 400 fot the
corresponding time Of last ycnr. stock nj
United States ports for the day was l51, s5T
bales compared with ISL so for the same
day Of last week and 270.oa3 for the core.
spending day OF last year.
McIntvre & Marshall OF New York say:
1t is believed that one Of the leading
bears has covered line Of over 10000
bales Of short cotton the last few days
and that the most prominent firm " spot
dealers has covered most Of its short sales
IN August which had been put out much
earlier IN the season as hedge against
their holdings Of actual cotton ana we re-
EaFd the other buying by traders and com
mission houses as having once more pretty
wen evened UP the speculative position,
thereby plnclng tue market In a condition
where II Will respund more readily 10 he
legitimate Influences OF the supply and de
mand Tor the staple aAd the weather and
crop news. We accordingly would now
rather be more in favor Of aivocating lilni.
dalton on re,sellug than we would to rec.
ornmend purchases az this tango OF prices
IL Is true that the weather conditions are
not ana dry all over the cotton belt, aul
that they have continued 50 for the pnst
three or four days. The only deterioration
that can result from these conditions. how
ever, VIII be confined TO the crop IN the
northern and central portion Of the cntt1n
belt and that We calculate will not prove
extensive The dry and hot weather h.
rather more beneficial to the crop ia Texas
rnAn otherwise In Wow u the resent OK
ces@ive rains and floods In that state. What
the crop needs ~ frequent showers east Of
the Mississippi river and should they uc.
cur within the ensuing week there viii he
little damage from the existing conditions
il Is worthy o. note that the stock Of cot
ton here BIAS decreased heavily within the
week through total exports OF ~, So bales
ANA no net receipts.
FairchHd * Hobson wired from New Or
Icons.