The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-09
COTTON LOWER AT THE CLOSE.

slow advance In the early moments brought
top prices. after which there was a steady
recession Of 10 points, which formed
a level that extended with small variations
until midday approached. Shortly after
the noon call recovery began Its course
and proceeded until almost the entire loss
was regained by the middle OF the after
noon Few other changes then took place
until the last half hour of the CALL when
n gradual decline commenced and extended
to the wlndup. In the net result Septem.
Der lost points, March and April z and
the other months went TO 5 points lower.
New Orleans opened up on August and
/ to 2 up on later deliveries. little change
appeared at first but 9 small bulge soon
A reaction until the initial range was
reached again occurred by the end OF the
FIRST hour and the anetga,lo9s that I 19ll;
the middle OF the afternoon. There was
Il steady weakness after this. becoming
more pronounced ms the call continued and
bringing low prices In the windup. In the
net result August dropped points. Febru.
ary and the balance Of the list declined
markets amounted to 1462 bales. spo, quo
tations were raised 1-16c at New 70 X.
reduced lice at Galveston, and elsewhere
left the same.
The excess Of the seGward movement was
sufficient to attract special attention. Re
ceipts at all ports for the day were 25l5
bales compared with $50 Tor the CORE
spending day Of last year, For the week
they have been 1908 bales, compared with
1851 for last week. and 1s,Ol5 for the
corresponding time of last year. Thus far
In the season they have been 7.4i4,374 bales,
compared with 7,435 i04 for the correspond
ing time Of last season, Exports for the
week have been $500 bales, compared with
1924 last week and 1,64i for the CORE
spending time OF last senson. stock NJ
United States ports for the day was III
100 bales compared with 2CT.f64 for the
same day Of last week and 250,s20 for the
corresponding day Of last year
The weeks movement Mt thirty Of the
leading Interior towns, with comparisons,
has been:
1902. 1901. 1900. 1850
Shipments 1901 1915 i,8i3 167s7
Stocks 49,. 60, 1906 i49,035 46os2 GOSH
The governments bureau report for Au
gust leads MIR. Thee. II. Price TO de
liver himself as follows:
In reply to many Inquiries asking to
the correctness Of a rumor, which has been
widely circulated, to the effect that have
changed my Views with regard to the cot
ton crop led thereto 10y Yesterday report
Of tho agricultural department, | desire to
, have the greatest respect for tho methods
Of the agricultural department do not
believe that Its report OF yesterday, or ni
the previous month, gave due weight to
what / have In the past termed the PISS
Geological factor, TO say nothing II the al
lownnce which must he made for the in
| Hucucc of sclf-intcrest when the time at
which a producer must market his product
| approaches. For the latter element the nj
! lownuce | made Of per cent last year
| proved 10 be insufficient and for the
! former or psychological element, II Is 70
| OF years OF comparatively limited produc
| ton the tendency Is always to assume
| that history will repeat Itself, and that
! the experience Of the period Just ended
! Is a snfc guide to that Of the period Jus
| commencing.
| lieve that the agricultural department ha!
| certainly, though honestly, understated the
condition of the cotton crop Mt the present
| time. Ny own Investigations have con
| WINGED mo that the area now planted IN
! cotton IN the United States could under
perfect conditions produce n crop Of ID,
| OOco0o. u It were possible to realize upol
| the promise Of the crop today think W,
| would certainly get n crop Of 12.00O0N
| hnies, or course there Is yet time for dete
! rioratlon, hut MS the crop progresses from
| day to day tho rainfall md the tempera
| ture as reported TO me seem to he applied
| almost exactly MS they are needed. and
eau not NJ the moment see my reason I,
modify tho opinion | have previously OK
! pressed, that the condition Of the growing
! crop Is tho best ever known NJ this season
| OF the year,
Liverpool and all Of the American ex
changes viii he closed today In honor o.
| King Edwards coronation.