The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-30
A DECLINE in COTTON MARKET

I tho previous ciuSc. This made top figures
aud an early sag carried the scale steadily
downward during the drst hour, after which
the course was quite stationary until
small advance appeared shortly before mid
day. which was entirely lost at noon. with
another point besides, causing the low
mark OF the day The level altered very
meagerly thereafter with a small improve.
ment In evidence In the fnnl hour. restor.
ing noon prices at the wind mp. In the net
result January dropped 6 points and later
months went points lower. Sales at the
four American markets amounted to jlSS
bales Spot quotations were marked Lice
less at New York and left unaltered else
where.
The immensest portion NJ the movement
stih swung 10 the former year. Receipts
at al ports for the day were 27.55i bales,
compared with 32,14l for the corresponding
day last year. Since Friday they have
been 1lS.T26 bales compared with 1329lj
Tor tho same time Of last week and 1892
for the corresponding time OF last year
Thus far In the season they have bccn
5000 rs bales. compared with '5,2o2. SSi
FOR thr corresponding time Of last season.
Exports since Friday have been 1S6 262
bales, compared with 1oo.7o3 for the same
time Of last week and 76J22 for the corrc-
spending time OK last year. stock at United
states ports for the day was S71,7j2 bales,
compared with 97l 433 for the snmc day OF
last week and 91s,sss for the corresponding
day Of last year
Following has been the seml-weebly
movement at thirteen Of the interior towns
rGis wcck Last wc.k Last y,lg.
Receipts .... GilSl 72.I91 ~ iGi
sh.pmenis 81 Si6 a so'9}5 a7a 7I}
writing from Liverpool under date Of jan
Vary II 10 a prominent cotton rrm of this
city. Mcssrs Hornby iIemelyyN Il CO. give
the following optimistic view ~ lhe Eng
lish trade
we beg 70 confirm our reports Of tine
10th instant
During the week the market has been
fairly active, and M times somewhat fever
i,b The great seusitiv'ncss u.s., no doubt
dive to the trcmeudou, uncertainty about
the ultimate Weld Of the crop. even on goo
advanced period OF the season as the
with crop estimates ranging from $500
eco to 10000. 10 ], hardly tu hc won
dcrcd nj that the cotton world is h4Gi,l
and does not know whuf ro Go.
r. r. Wilson a Co.'S c~'mAt" of 943..
OtO iq too extreme to plurllItp matters 100
auy why. and very uttl" importance is at
/ taohcd 20 10 here
With regard go trade, home industries are
I'm no excellent condition Manufacturers
~ every description are extremely busy. u
fact. they are Obliged Ia many Instances 20
refuse orders as they can not cope With
the Demand The year 1902 BIS expected TO
uah" MP for tho poor yeHr which has just
ended
large orders are arriving u Manchester
from India mud china.
"On tho continent Of course, the improve
mont Is progressing very slowly, and We
Z hear from various corlcspoudcuts In differ
ont rnrts Of Europe thpt the Que thln-
nccdful to hasten # Is a greater stcadinoss
Of the market From Switzerland we hear
! TINT times have distinctly changed for the
| better and from Fwucc that spinners are
! 'r7iu huNing freely. IN any case N rs mot
/ likely that much machinery will be allowed
J 20 stand Idle The increasing wants Of the
/ worlds population must he supplied, and
shutting down anywhere would mrun play
| ing into tho hands n competition.
last season the crop WIS TO- 421,OO1
| bales the consumption lu3Uo0u0 and the
! average prlcc Of middluE on the spot I'D
This year Ellison estimates the con
sumption at lO,66l,0Ou haics and the price
OF middling Is now 3.lGd
H. therefore thp crop should reach TO-.
/ 100000. W. should consider present prirpa
safe, hut Il we should ouN get 10 10000
We certainly expect I'd rise, and should moi
Voc surprised 10 We were 10 witness an ud
vance of Ia
loustou's estimated receipts for today
nre $500 to G5oo bales against $50 last
ycar New Orleans expects 1000 to l7,pU
hulcs. against 1905 last year.