The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-29
COTTON VALUES MADE DECLINEl

aiding 1t have done too much TO scatter
the news OF disaster 70 serve their own
speculative purposes. II was also cialmed
that the active demand for cotton has been
induced by the bullish sentiment tnus
aroused rather than by confirmed iaitn IN
the short crop Under these circumstances
the short" rested easier, and once started
there was little interruption TO the pear
unusual feast. There was also an inhl
ence In bringing about the end reached
caused by houses advising their clients 10
liquldate on the theory that reaction Is
among the things that must occur ut some
time aud the fact that leading bull interests
are likely TO have too much company
rendered the present opportunity a partic-
I,verpooi was imbued with pessimism.
sales On the spot amounted 70 6oo0 hnles
at quotations raised l-S2d. Ihere was
final gain in contracts Of 2O4d 10 3oeu GU
near and l.64d to li5-64d on far options
New York opened to 10 points below TIE
previous close. slight decline occurred
at dice. after which there was n rise TO
the best Of the day during the hrst hour
A steady decline Of half this advance fol
lowed and formed a Level that prevailed
through the greater part Of the morning
Another weakness made rs appearances
in the next half hour and there we'e Few
other changes until the middle Of the
afternoon. At this time n steady out SION
decline again set In and continued through
the balance Il the session IN the net T.
suit August declined - points, anu ZIG
other months gained . TO ~ points
| New Orleans started 10 points down on
August and to 4 down on iatcr months.
There WAS little variation NJ hrst nut Nu
improvement soon began anu pi"uIa. fp
prices I'm an hour gradual recession Loi,
/ flowed until initial prlrgs We're touen V, q
again as noon approached. ANA % NOR ue
| cislyc break made Itself felt shortly aiitr
| that call. The fluctuations We're har,oW
until the middle of the attern. on. Wh.n
/ ..rH Z
! This was quickly lost aud the decline con
| tinued until the fual cali was maze ia
! the net result August loSt - p"iihtS ~
! lower sales al the four American mar
| kets amounted 10 2sl5 bales. Spot quota
lions were Tot altered.
The comparative figures Of the move
ment showed little variance. Receipts at
/ ali ports for the day were lo9S5 bales
compared with 10. 232 for the corresponding
day # last year. Since Friday they have
been a. G4o bales, compared with l9.7l4 ioi
tie same time Of last week and 1889 to'
the corresponding time Of last seas n. LA
! /. rtE. since Friday. have been "f''l" pdI' y
! Sor'uared with lT.O3S for the same OF l,'
| ~ and 15.126 for the corresponding tine
az last year stock at United SlaIeS pot r,
last year stock az United STATE. pG.l /,
! for the dav was i36,l7e bales. comPdr -,
with 10 $50 for the same day Of last we,
and g3S lO4 for the corresponding oaS Oh
last year
rbe New York and New orleans cottoi
exchanges will be closed saturday. Angus
90 and Monday. September ]. Labor non
The first bales Of both Georgia and Flor
IDA Sea Island cotton have been received
though the new crop has not yet o'sa
TO move. The market IS in an unsettls
|