The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-31
WEAKNESS in COTTON MARKET

, both Northern and Southern mills but the
present inclination Of foreign buyers Is 10
postpone purchases until the story Of frost
IS told AS a rule, quotations we're low
cred aud Inferior grades suffered the great
er loss There were many spectators un-
willing to take the Initiative until the pass.
feeling that always pervades financial cir
Giles prior to such an event must be taken
Into consideration. The rumOrs which have
gone the rounds that strike among rail
road workers this time Is threatened Tor
the near future, and Will Involve the South
ern Pacific and not only disturb the mon.
etary situation, hut also the movement OF
the crop bad the tendency to delay any
active Investments.
liverpool led the march OF retreat
Sales on the spot amounted TO 10000 bales
At quotations higher BY 2 points. AT the
and points less on the distant positions.
New York opened point up on october
md as much lower on later months. There
was rise to The best OF the day In the
first trading and a stc0dy decline Of about
points followed Half OF this decline was
recovered, after which there was similar
recession on the midday call. The nucctua-
items were confined TO limit OF points
during the first half Of the afternoon ana
steady Improvement prevailed In the lat
ter, causing q gain Of as much AZ u points
from the lowest In the net result Noven-
Der, December and January lost points
and the balance Of the list went to
points lower.
New Orleans started to points bow
the previous close. This was the best OF
the day and fluctuations dropped about
points lower until the middle of the morn
, lug. similar loss made the level for
trading during the balance Of the morning
and bottom prices were touched ~ the
meantime. First prices were almost re-
gained IN the next hour and later prices
did not fall more than . points from this
mark. In the net result October declined
10 points and the other months lost ] to
points. Sales Mt the four American mar
kcts amounted to $500 bales. Spot quota
tions were reduced > points at New York
l-i6 on mddlins and grades, above Mt New
Orleans and u on grades below. Low mid
ding and grades below declined ZIG at
Galveston. other grades wore left I'M
changed and Houston quotations were not
altered.
Tho movement inclined TO further shrink
age. Receipts Mt all ports for the day we're
4s.05s bales compared with 1861 for the
corresponding day of last year. Since Fri
day they have been 26j,230 bales, compared
with 259,533 for the same time Of last
week aud 350953 Tor the corresponding
time Of laet yenr Thus far In the season
they have been 2.2n3.ib2 bales compared
with l,9l53lO for the corresponding time
Of last season. Exports 6luco Friday have
been 21O.oi0 bales compared with 1852
FOR the same time Of last week and 32i775
for the corresponding time Of last year.
Stock nt United states ports for the day
was 900 49, balcs, compared With 59TSTS
for the same day Of last week and 6ji
UOJ for the corresponding day Of last year.
Advlces from New York say Of the dry
goods market:
The opening day Of the week has not
brought with It anything OF a nature to
cause a change from lately prevailing con
ditions In the market. Reports gathered
from sellers show that new business has
again been quiet, while resident buyers
state their mills have been made w more
Of complaints Of delayed deliveries and de-
mand for speedy shipments on existing or
ders thnn Of buying Instructions. The abb
scncc NJ anything Ike an aggressive dis
position on the part Of buyers I'm connec-
ton with forward requirements in staple
lines makes the market appear really
Quicter than It Is In other words, the de
maud for current needs is not sufficiently
recognized. rs II rs made up Of number
Of orders for small quantities, as q rule.
aud so not impressive. AZ the same time u
Is fully sufficient to keep stocks Of most
descriptions Of merchandise clean in first
hands aud ls larger than can he supplied
In others, while In none arc stocks on hand
Of anything like an embarrassing nature.
Sellers easily maintain prices.