The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-09-06
A SLUMP in COTTON VALUES.

cred about the trade, and It was pointed
cut that even partial vindication Of that
authority which has not yet failed places
the bull beyond the pale Of danger when
the world, az q minimum. needs li.UO.uo
bales. In view Of he events Of the day
the moments 81 strength occurred at the
outset and trading abroad helped on the
decline. The weight OF liquidation was felt
and fluctuations we're strenuous enough 70
ahow the possibility Of Mig things
Liverpool was the source Of ultra con
rervatlsm Sales on the spot amounted 10
1000 bales at quotations lower BY I'd. Con
tracts made a fnai loss Of b-64d 10 B6Ad,
II is not difficult 20 see that transatlantic
operations scent the early coming OF new
cotton In the way devoutly wished Tor.
New York opened ] down on September
end to 3 higher on later months. A sn1.
den bound Of points appeared az once,
then gradusi recession Of 4 10 5 points
during tho FIRST honr. a recovery was
quickly IN evidence ana the scale grad
ualiy went higher until near the noon call.
when the best Of the day was reached
small drop az this time formed the level for
the next hour, after which mere was ,, = =
lis appearance and prices continued down
ward until bottom prices we're reached on
Tho last cnii In the net result Septfmpet
declined points and the latter posiuons
went 10 points hlgner
New Orleans started 20 S points above
the previous close. grNunNl te'sesi
Immediately began and cont lnugd uu V slt
III. frst hour A recovery 81 this loss fol
lowed and initial prices were reacned aghh
before midday The course Of the mornin
market was repeated IN he afternoon, ana
in the last thirty minutes tne 9ec r,aes an an
I tho final call. IN the net result Sepiehoe.,
! lost 6 points March aud the balance on
| the list went points lower. sales AT nv
sksf.fr nan q
/ bales Spot quotations were lowered Fsc
/ st Vow York and Houston. and 1850 NJ
4 Galveston Al New Orleans mldding WIS
| reduced l.16c, good middling ise ana mid
Tho movement was ~ heavy volume. Re
ceipts at oil ports Tor the day were 1907
bales compared with s42s for the corr
snondlrr day Of last year For the week
| thew have been 1094iO bales, compared
| with 6n.Oo4 FOR last week ard 5sT5T for the
corresponding time Of last year. Thus far
In the ssason they have been sO,5as balcs,
! compared with 1924 for the corresponding
Tins ~ last season. Exports for the week
! have been 3i7TU bales compared with o.
sSs for iast week and 59,0ss for the cor
| rrspondinE time ~ last year STOCK az
United StRtes ports for the day wa EVb'-
o57 bales, compared win l56slS ior ~
same day n last week and 233,oeS for ire
corresponding day ~ last year.
The Jcrrnal Of Commerce has the fol-
lowing on the dry goods situntion
The day TO day demand FOR cotton goods
has shown 8 gradual increase during the
week and a considerable amount Of bust
ness has been transi ted The bulk OF this
has teen in the shape II orders for quick
deliveries Of staple lines and recorders fol
reasonable fancles with fair buying also o.
| specRlties FOR next spring There has not
1 therefore. been any marked change In th'
. character Of buying from recent weeks bu
st the close sellers uote considerably more
interest on the part Of n number ~ th.
: larger purchasers IN forward business II
staple cottons. So far this has been 10 IN
shape Of Inquiries and tentative bids to
great extent, but coming after long Spel
! of pronounced conservatism Il Is slguidcan
OF sarre change in the Vows ~ buyers q
10 the more Immediate outlook Tn
. strength u tho market for raw mntcrla
has been quite factor In this direction
Cotton goods are cheap, compared with ray
cotton, and II manufacturers are NOT t. g
materially cheaper cotton with the mex
crop buyers can hardly expect 10 do an
better later on than NOW.
Houston's estimated receipts for toda
! 5000 TO 5000 against sl02 last year Scy
a Orleans expects 2ooO TO 1900, against l2i
r last year.