The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-13
COTTON VALUES AGAIN LOWER

amounted 10 1000 bales at quotations lower
by 1920. Contracts finally made a loss OF
b1564 to 6M.64d on near and AGA to 5.64d
on remote contracts According to private
reports, the British market took its cue
from drop In consols, while information
about the growing crop fed the hopes Of
Lancashire.
New York opened TO less on near
and 10 3 down on far options. There was
q constant advance at once which con.
tinued through the hrst hour and caused
top prices to be reached. The course
which followed was In an opposite direc'
ton and scoring a 10 to 12,point loss by
noon formed n level that ruled for several
moments after An improvement then took
place, but was entirely lost In the next
thirty minutes, after which there was
steady decline to the lowest of the day,
with no material chunge until the last
hour OF the session. small gain WIS
then scored and made the range that ex-
tended until the Hnal call. In the net
result May went unchanged, August lost 0
points, July s and the other options de-
clined 6 TO S points
New orleans started 10 points down on
near and 2 less on further positions.
slow Improvement at once made the best
of the day A recession then began it's
course and continued until there was Z
point loss IN the middle Of the morning
and partial recovery Of same soon after
The latter was lost as midday approached
and more pronounced decline during the
next hour brought bottom prices. A grad.
unl rise Of 3 to points then formed the
level that continued until the last call
took plnce. In the net result June and
August declined 10 points, July and Sep
TENDER 8 aud the balance Of the list went
and { points lower Sales at the four
american markets amounted to 500 bales.
spot quotations were marked down Ike ut
New Orleans and Houston and uuatercd
elsewhere.
The seward movement dropped bnck to
dimnutye figures Receipts at all ports
for the day were 5oo6 bales. compared with
1920 for the corresponding day Of last
year Since Frldny they have been 70 go
bales, compared with 1850 for the same
time OF last week and 1871 for the CORE.
spending time Of last year Thus fur in
the season they have been T. 2O4 1876 bnles
compared with 6s43o2s for the correspond
Ing time OF last season. Exports. since
Friday, have been $3.50 bales compared
with pN33 for the same time of last week
! nud 'oS33 fow the corresponding time or
l''"N 'dA+ NlNfk nv liltN states DORIS
for the day was 54O3y7 bales compared
with 523, 5S4 for the same day Of last week
and 5lll84 for the corresponding day OF
last year.
A. $ Johnston Of Meridian Miss. has
tho following with regard C. the growing
crop.
Planting Is about Completed; probably
one.third is up, with good stands aud helm.
! well worked. The weather for the past
week BIAS been perfect on that which Is out
OF the ground. but moisture is needed and
must be had before the balance of the crop
VIII come NO The crop Is earlier than last
season hy ten DAYS, but stlll later than
usual by two weeks Lands were poorly
prepared. planting done hurriedly and un.
less rain falls soon the crop. taken as "a
whole. viii b. considered ms having poce
start All n these obstacles can, however
hereafter, and there Is vet plenty nf tmc
to make n crop sufficiently lnrso 10 meet
thr rapidly growing requirements
There will be no increase of acreage m
this state, nor will there he any east Of the
Mississippi river Texas may posSlblr to-
crease ; per cent Fondstums nro higher
than FOL wears hut Tow mules have boon
purchased and those ON hand Gtc I'm poor
condition and ~ Is no CNaCgeration ia
state this crop VIII he one Of the most
costly the South has produced for years
Houstons estimated receipts for today are
400 10 500 bales, against 5S65 last wear.
New Orleans expects 1000 to 1900 bales.
against 1907 last year.