The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-06
COTTON MARKET WAS WEAK.
i TO lis-s4d. The big English market is
naturally responsive to Its urgent needs.

i TO lis-s4d. The big English market Is
naturally responsive to Its urgent needs.
The movement bordered close TO exhaus-
tion. Receipts at all ports for the day
were 1886 bales. compared with Goal Tor
hdS ssps snass day bSsn as Bales
pared with 1885 for the same time OF last
week and AZ. s34 for the corresponding time
S e. last becn hps Sn - the f
T.O4o,iiD for the corresponding time OF last
season. Exports, SINCE trlday. haye been
same time OF last week and 540i4 FOR The
corresponding time Of last year. stock AT
United States ports. for the day was 4o3,-
same day Of last week and All, 1865 FOR The
corresponding day Of last year.
Following hns been the Bombay movement
with comparisons;
RECEIPTS sSs p@.t for 1885, 1850 a5 Hg9I 5 1SGS
Since sept. L 100000 i,e7e'coo sJ1,cOc
' the week 1900 10000 300,
since sept, H.. 406UoO $1,000 si,OJJ
New York opened M on near and to
better on more distant options. An i'm
mediate advance began and continued
through the first hour, causing the best. Of
the day to be touched A gradual reces
sion followed and extending until midday
there was o drop, point hy point, which
brought bottom prices early inter the mud
day call. There was slight variation tot
the next hour. when n small increase APP
Dcared and formed the level which prac-
tlcally ruled throughout the balance OF the
Sc ssicn. IN the net result June lost .
points. July 3, August aud september
ami the Inter months went unchanged to 3
points higher
New Orleans started down on near and
unchanged To . up on later positions, tbs
WINS the highest " the day aud a slow de-
cline set In which continued during The
larger portion Of the morning 1nd with a
10-point drop toward midday made n range
TINT extended short while into the after
noon A small improvement then appeared.
but there was not more than points varia'
tlon until the last coll was sounded In the
net result June and July declined ? points.
August and september and later positions
went i point lower Sales at the four
american markets amounted 10 $3.50 bales.
Spot quotations were reduced Mt at New
York and elsewhere left the same
Fnlrchild & Hobson wired from Sew or.
leans: Conditions in local dry goods mar.
kct show few changes compared with pre-.
vious days Of the week Prices have boon
made for fall prints mud show slight
reduction and principally for, the purpose
Of inducing fall trade outside Of this NJ
lie cnn be noted In the way of develop
ments."
A New York operator wired THAT the
Liverpool market should show so much
drmness together with It's big SPOT sales
is considered significant as Indicating that
continental mills are rather nervous about
the question Of supply In view Of continued
smallness Of receipts aud the stcudy d.
crease In supplies. The rank md Tic ~
operators are 10y no means enthusiastic ON
the bull side and are inclined IN look FOR
only temporary rallies unless the crop -
seriously damaged"
The New orleans Times Democrat "a
sued the following summary: The cotton
market has settled Itself down to near
further evidence on the crop question.
This 10 well, for nothing could he more alb
turd than 10 take the June report In q
serious way. Minerva sprang fully armed
from the brain of Jove 10 be sure, but such
world While the trade is awaiting more
detnltc news from the fields other matters
OF pith and moment phttude themselves
upon the eye For example, there Is New
York with IFS July option selling below its
quotation for middling lay no lees than ~
points How long Is such attitude 10 ne
maintained? - may he said that New
Orleans is unduly high. hut the answer 20
the statement Hes in the tlCt that mid
ding stands NJ 9I In this market while
July Is quoted NJ p.2l.
Thus the shadow follows The substance
here rs Il has done al along.
Careful observers can not fail TO re
member that New York was In precisely
similar case for weeks before the climax
Of the famous January deal occurred. IN
swept away all barriers and the incautioni
shorts were ground between the mill stones
History is philosophlcully teaching by
examples.