The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-25

efforts of those who want the crop untir.
ing.
Liverpool was distinctly a bearish ally.
Sales on the spot amounted to 10000 bales
at quotations lower by 1921. At the close
there was a loss of 3M to 4ia-6id. Ac-
cording to private bearish advlces British
operators took their cue from the recent
but shallow movement OF new cotton.
New York opened to down on near
and TO less on further positions. An
early rise OF 3 to 4 points caused best prices
of the day. after which there was steady
decline OF same and loss of about as
much more. which formed the level with
few changes throughout the larger part
of the morning. shortly after further weak.
ness appeared and within an hour there
was another small drop and the range
did not alter materially until the nnul
moments ot the call came near. At tails
time there was rapid recession, Wnlcl
continued until bottom prices were reach d
ut the wlnd.up. In the net result July lost
20 points, August aud september ~ AMI
the otner months went to 10 points lower.
New Orleans started TO 10 points down
on near aud to less on renuter deliy-
cries. slight bulge at once brought top
prices and decline OF pouts INN sdiate-
A. made the range tor the early trading.
The course was steadily downward until
m dday approached and there was II partial
recovery OF the loss Another reversion
made It's appearance early, but the
changes were few until the last hour be-
gan. Inc move became more pronounced and
extended with greater force up to the tim,
OF the final call. In the net result July
dropped 10 points, August ~ September
IS and the later months declined ii and
u points. Sales at the four American
markets amounted to 2459 bales Spot
quotations were reduced 3.l6c at New
York and New Orleans and 1l0c at Hous-
ton and Galveston.
The movement was reduced to narrow
limits. Receipts at all ports for the day
were 900 bales, compared with 1923 for
the corresponding day Of last year. Since
Friday they have been l1,l74 bales con
pared with 1851 for the same time of
last week and 81, 4os for the corresponding
time Of last ycnr. Thus far In the season
with 1887 1913 for the corresponding time
ot last season Exports since Friday have
been lTI31 bales, compared with II 2GS for
the same TIM Of last week and g. $50 Tor
the corr responding time of last year Stock
/ at tnted S.ntes ports for the day was
230,945 bales. compared with 28s,O13 for
the same day Of last week aud $40. SOB for
the corresponding DAY of last year
The Cotton mud Farm Journal has the
following in its issue of last week:
The present price Of SEQ pound bale
Of cotton Mt Houston is s415o, OF 9ls cents
per pound, middlng basis
This Il exactly . cents per pound or
$40 per bale, more than the price obtained
In October and November when the bulk
of the crop was being moved
There are probnbly less than 100000 bales
OF cotton yet uusold In the State Of Texas.
| The farmers disposed of tho product ut an
average of cents PEP pound That was
| a splendid price but n the present quo.
bn
/ ducers would have received $4,000, 900 more
! for tho 100000 bales they marketed
! In other words. the present boom In
| prices Is mainly speculative and will he OF
| comparatively little hcncht to the South,
| unless the prices named are maintained
! when the now crop comes on the market.
Those Who are watching the conditions
! governing tho market. claim that the sta.
| tsticnl position Of cotton warrants the
present high values. They state that the
supply Will hardly he sufficient to feed the
| worlds mills from now until September !.
! Mr., Ellison, one Of the best known authori
ties In the cotton world states that the
consumption Of American cotton this sen.
bales. These figures indicate that the
worlds visible supply will he next to moth.
| Ing when the season ends
hand Is a,e5s,o0o bnlos, compared with
2.6st, coo last year How rapidly the sup
ply Is being depleted Is shown by tho state
ment that the decrease last week was
lioOo0 bnlcs, compared with n decrease ni
i2Ccn In 1901
Stocks at United States ports and IN
terror towns arc 32lo0o bales less thar
AT this time Inst ycar.
An the statistics. therefore, are on tho
side Of the bulls, This does not neces
sarlv guarantee, however, Tint prices vii
continue e advance. or that present quo
tatlons will oven he maintained.
Facts and figures frequently have iittlC
weight when spectators are In control OF
the market