The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-17
COTTON MOVES DOWNWARD.

{, eontended that a restoration Of former
] prices iS aii that Is needed 20 Cause u 70
/ expand again. There was A general relaxa-
| tion IN the spot demand and the pressure
I at the leading markets caused lower quota'
tions except az Houston. In spite Of vari-
Gus rimora that ocean freight room for
| october. November and December has been
| hiled, the iiberality Of exports was a strik
\ ing feature. Business was Of very mod
crate volume ana nuctuatons too marrow
Liverpool was really the scene Of anins.
l tlon. Sales on the spot amounted to 12,oOl
bales at unchanged quotations On the
close contracts declined to . pointA
New York opened unchanged 60 2 points
above the previous close. There was a
steady decline during tho nrst hour, caus-
ing a loss Of 4 to 9 points. A gradual I'M.
provement then began and continued until
the latter part Of the morning. when there
was almost a recovery Of best prices Small
change then occurred until the middle Of
the afternoon, when there was a drop 10
the lowest Of the day. A 2.point gain fol
lowed n reaction aud another more impor.
suit April declined 4 points, June stood
unchanged and the other months dropped :
and 3 points.
New Orleans started points down on
October aud / point up on later deliveries.
rhis was the best of the day and a 2-point
loss quickly occurred. This was Tegained
ana n more 6teNQy feGfhslnn ueNhu anu tx
tending through tue morning, brought bot,
tom prices near the noon call. An upward
wave started Immediately after and. upon
n 4-polnt gain. made the range for trading
through the balance Of the call. In the net
result November and December lost points
and the other months went and points
lower. Sales at the four American mar
kcts amounted To 14,sI5 bales. spot quo
tations were marked down . points at New
York i-16c az New Orleans aud Galveston
aud left unchanged at Houston
The movement was considerably slacken-
cd Receipts at all ports for the day were
a, AGO bales, compared with 54,358 for the
corresponding day Of last year. Since Fri.
day they have been 28l .462 bales compared
with 24T.0o2 for the same time Of last week
and 2sI ,4s5 for the corresponding time Of
last year. Thus far 10 the season they
have been 1.6s5.5s1 bales, compared with
IA o0.e55 for the corresponding time Of last
year. Exports since Friday have been ia,
g43 bales, compared With ed,S34 Tor the
same time OF last week and 1886 for the
corresponding time Of last year STOCK ~
United states ports for the day was 3358Bi
bales compared with 4g3,2fl for the same
day Of last week and 90. 423 for the CORE
| spending day Of last year.
The New York Journal OF Commerce says
Of cation yarns:
The conditions 10 the market for all de-
scriphons Of cotton yarns are much the
same as a week ago; that Is, 10 favor OF
sellers There has been a general demand
for both weaving and knitting varieties
/ and some purchases OF good, round quaint
ties effected but not all the business Of.
fcrcd was put through, quite q number OF
bids being reported turned down where
forward contracts have been concerned.
From all Indications the market is tn good
shape from tho sellers point 81 view where
stocks arc concerned and pumhcr OF mills
are sold aheud for some time to come,
Spinncrs show indispositioD to get further
under contract TO any extent unless they
| eau secure their own prices. They have
! succeeded In selling AZ nm advance thi.
| week IN some instances. but the general
/ list shows few changes, although the ten.
/ dcncy OF The market Us upward. Some Of
| the Eastern mills are reported to be seri
| ously placed with regard TO ther coal sup
/ plies. whio the cotton situation still keeps
| both Eastern aud Southern spnners eau
! tiouE
Following has been the Bombay move
! ment, with comparisons Receipts for
! week. 1000 bales against 1000 last year;
| receipts since September I, 1900 bales
against 81 600 last year. shipments for
week 1000 bales. against 5000 last year;
shipments since September 1, 1900 bales
against 1900 last year