The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-08
THE SHORTS RECEIVED A JOLT


there was an advance OF Az to 5-84d on
near and TO 2bs-64d on remote positions.
According to private Information trans-
atlantic operators can only see an insult
hciency OF new cotton.
New York opened o points up on August
and TO 4 higher on later months. There
was a slow recession In the early moments
which, extending through the hrst hour,
brought bottom prices. recovery fol.
lowed this by the noon call aud very slight
changes were scored for the next hour.
An upward move set In at this time aud
continued through half the afternoon, when
the best Level OF the day was reached and
formed a level that prevailed 10 the end
OF the call; In the net result August
balance OF the list went I aud points
nlgher.
Sew Orleans started points ahead on
August and TO up on later contracts.
Fluctuations did not vary more than a
point from these prices In the FIRST Hour.
when n weakness appeared aud, extending
to near the end OF the morning, brought
the lowest of the day. There was little
further deviation until shortly after mid
day. when gradual rise began ana con
tlnued until best prices were reached. which
made the range until the windup. In the
net result August advanced points. Sep
TENDER aud the other options gained .
TO : points. Sales at the -four American
markets amounted TO 1850 bales Spot
quotations we're lowered lice at Houston.
raised i.l8c OF New York. and elsewhere
left unchanged,
The movement did not alter It's course
Receipts at oil ports for the day we're 1859
bales. compared with 31I7 for the CORE
spending day Of last year Since Friday
they have been 056s bales compared with
-.
lIl21 for the corresponding time OF Last
year Thus fnr IN the season they have
heen I,4il $50 bales, compared with 1882,
227 for the corresponding time Of last sea
son Exports since Friday have been 3d.
7oT bales. compared with 1882 for the
same time Of last week and 32353 for the
corresponding time OF last year. Stock Mt
United States ports for the day were 49,
24l bales compared with 2lOG3s for the
same day OF last wceiS and 3l5.3S7 FOR the
corresponding day of last year
Engineering says;
ALREADY japan sends to China large
part Of her superfuous cotton goods and
abe supplies the whole of tho Far Elst
with matches. Her artistic products are to
be found everywhere. and even some OF her
ordinary commercial products. Mr. Chen,
The proprietor Of the Tslng Tai firm Of
Kobe. has purchased q spinning mill nj
Shanghai in which 20oOo spndles are in
operation and 1900 operatives are NJ work
under I'VE Japanese overscers. he has
formed very poor opinion Of the capacity
or the Chinese ms operatives and mems 10
try 10 employ japanese oNcrsrers aud oper.
ntives to considerable number. This,
however. De win and difficult, as there is
such demnnd for them Ia Japan Taking
all the conditions into account, Il VIII prob
4 ably he found moro profitable 10 import tho
| raw materials into 1apan and carry on the
manufactures IN that country"
s. Mum & Co. Of New York says
"It weather conditions continue favor
nhle We fail 10 sec what there is 70 prevent
further decline. On the other hand Il
| IS still narrow market. much may occur
| within tho next month or six weeks, Aut
| we believe In huyiug on good breaks, with
view ~ Stang on any noteworthy I'm
! proycmcnts."
Fairchid & Hobson wired from New or
! leans
Weather conditions we're superb tom
| perntwcs generally lower with dry wealth
or and showers occurring where most II
need. Traders, however, ignored weatac
conditions for the moment and turned
| their attention to tho possibilities o; tht
/ market advancing IN the event Of there bee
ing some demand uf consequence for thu
remnants OF the old crop and for thu
! early marketing Of now cotton There Il
also n growing feeling that there win h
Insufficient now cotton offered this month
ana during egrly September 70 satisfy re
quircmcnts
According TO our information from on
correspondents AZ Houston, receipts TO-DAY
at that point NOV cattonl was as nucl
as 500 bales by one tlrm. and that 200 q
800 more were expected IN scattering lots
Last year on even date Houston aid no
receive single new bale, md a" the fol
lowing day received but twenty-cicht Al
Rf I'D 7