The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-06
NARROW CHANGES IN COTTON

while the splnnsrs Of this country and Eu-
-ope possess the present measure OF sup
PLY The stock Of cotton 10 New York is
around 10000 bales, held by few houses.
These apprehensions at last revert to the
impending yield and are less potent until
something definite develops upon the seene
Liverpool melted the bear at hrst, but
almost turned the tables later. Sales on
the spot Amounted 10 1ooo bales at I'M
changed quotations. There was anal loss
of 1-e4d to lis-e4d on oil contracts. There
can be little doubt but that transatlantic
operators are open to conviction.
New York opened 10 points below the
previous close A slight strength appeared
at once. followed by a loss or same, which
brought the lowest OF the day. steady
upward movement began with the next
hour aud continued until top prices were
reached. vSich formed tho level until sew
ersi moments beyond the noon call.
slight recession thcn took place and few
other changes followed until near the Wind
M. when there was another case off TO
the lowest Of the dav. ln tn net result
August gained q point. February went un-
changed and the other months lost ! 10
points
New Orleans started point down on Au-
gust ana down on further positions.
small decline was scored In the early mo
merits. causing lotion prices. There was
q slow rise during the rest ~ the hrst n1ur
mud In the course Of which best prices were
made loss Of this improvement fol-
lowed. but hy noon almost an entire rpcov-
cry had been made. Another smni receS-
sior then sct In and few other changes ap
pearel until about tho windup, when an
additional weakness made Itself felt In
the net result August and Septeah n 'o9t
a point and tho other options stood IN
changed to points better. Sales ut fhe
four American markets amounted 70 800
bales. Snot quotations were lowered 1-l6c
RI New York nc az Galveston. B-l6c nj
Houston and left unchanged at New Or
leans.
There was nothing new IN the movement.
Receipts at all ports for the day were
2i3e bales. compared with 1899 for the
corresponding DIV Of Inst year. Since
Friday they have been 6598 bales compared
with 1865 for the same time OF last week
and oO6i for the corresponding time Of last
year Thus far In the season they have
been 7.43S.ss7 bales compared with
{ ,423 1870 for the corresponding time Of last
season. Exports since Friday have been
"a 400 bnles compared with 2A62 for the
same time Of last week and 30.0Gi for the
corresponding time OF last scnson. Stock
~ United States ports for the day WIS
lN4sNF' ONlpS, compared with @lFNlt TOT
the same dav OF last week aud 3ii sQ7 for
the corresponding day Of last year.
IN reference to early receipts the Cotton
Trade Journal has The following:
Every reason exists for believing that
holders OF row cotton viii not rush Il TO
| market az soon as It is balcd and thereby
cause a Aood of receipts to depress prices.
! The lesson has been we'll learned hereto
| fore hy holders that an orderly offering
| pays better. so that In recent seasons the
/ disposition has been rather TO restrict than
extend this "enrly bird" practice The
/ farmers Of Georgia tried Il this season with
very satisfactory results. ~ times tho
| best prices are the first, or course. bu,
! u all try to get hem aud values are
( knocked 20 the bottom notch early fewer
! naturally sell ut tho better level
| Changes In the methods OF handling and
| carrying Of lnta Years enables holders I,
| exercise = rC discretion than formerly by
| reason OF more liberal accommodation
! from banks and others who advance. Then
too the average farmer Is gradually get
ting upon better financial footing, auC
every year he works along the right linpi
strengthens him In his Efforts TO h1ndl,
independently the cotton he raises. Wis,
methods are the best In all things, and the
farmers OF Georgia will hnd that no undue
rush Of new cotton to market will PAL
them as whole, Owing 10 the uncertNut!
of crop conditions between now aud IL
maturity engagements for August ap,
| September spot deliveries NJ Savannah cai
not be easily made and probably may no
be for some weeks to come,