The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-21
A DECLINE IN COTTON VALUES.

1 near and to up on far deliveries This
was the best Of the day and small de-
cline afterward caused a lower level for
the first part of the morning. sharp
decline was again registered when noon
was approached and shortly before. bottom
! prices were touched. narrow increase
formed 2 trlfing higher Level for me Two
variance. Afterwards small upward
move appeared and continued in evidence
until the gong sounded. In the net re,
suit all months lost . points. except April
and June. which declined 4 points. Sales
ut the four American markets amounted
to 3s15 bales Spot quotations lowered lilo
at Galveston and were left unchanged else
where.
The movement was considerably Invested
OF its immensely. Receipts at all ports
for the day were 27,S01 bales. compared
with 2s,9s0 for the corresponding day of
last year Since Friday they have been
55,242 bales. compared with 75.994 for the
same time of last week and 4s,o12 For the
corresponding time of last year. Thus far
In the season they have been 5.423 5J4
bales, compared with 4,951,615 for the cor
responding time Of last season. EXPOS
since Friday have been 60,b49 bales, com
pared with 1O4, 767 for the same time Of
last week and 75.0s7 for the corresponding
time Of last year. Stock at United States
ports for the day was 800, 344 bales com
last week, s4T,670 for the corresponding
day of last year.
Manchester cabled Cloths higher;
hrm."
Commenting on the subject Of cotton"
the Boston Journal OF Commerce has the
following:
New England has a very close and large
interest in the chief facts about the cotton
Industry Of the United states, as set forth
c. Adams, just published by the Appletons.
Three -fourths of all lNe raw cotton
produced in the world Is rails, in America.
The value Of our cotton crop is exceeded
by only that OF our wheat and corn crop.
and occasionally cotton ovcrtnps even
wheat. American cotton is Of two widely
differing varieties-the long staple sea is
Charleston and Savannah. and used for
threads, laccS and fine cambrics and the
shorter staple upland cotton OF the interior
which Is grown In enormous quantities ana
the cotton machinery OF Europe. The cot
ton Of India Is inferior to our upland cot
ton. The lOng-fibre, lustrous Egyptian
| cotton is superior TO our upland for many
, purposes, but not so fine as our sea island.
The South retains more than Il million
| bales of cotton for It's own mills that have
| trebled In a decade, and between n third
and n half Of the whole Southern crop is
| consumed In the United States. Liverpool
| ana Manchester take Oue-hAT OF the huge
| amount Of American raw cotton exported.
! The New England Stntes. with Massachu-
| sctts leading, consume one-fifth Of the
| white product of the southern fields. As
| to the foreign market for our American cot
ton fabrics, IT is still small. though tending
to inchease. Great Britain. which manu-
features one-half Of the worlds whole sup
ply OF new cotton, dominates the worlds
market everywhere with her cheap goods
| But we are gaining on Great Britain In
China. where American fabrics are pre-
ferred because OF their superior quality
and durability. China now purchases near
~ half Of our American exports. most Of
these goods going 10 Shanghai for dstribu
tion In the northern provinces.
air. Adams review Is not altogether sat
isfactory to the patriotic pride Of the Amer
lean people We ought to manufacture
ourselves In our own factories a very mucl
larger proportion Of our own raw cotton
We ought to export much greater guam
tity of our excellent staple fabrics to for
eign lands And we ought not TO Import
hut to make ourselves more OF the consid
cradle quantities Of fine cotton goods o
laces. edgings. embroderles, which we nov
purchase from Europe
why cannot our manufacturers do thl
with cheap materials, admirable machinery
and the most intelligent and nv far the hes
paid labor in the world7
Houston's estimated receipts for toda
: are 1900 to 10000. against 07Si last year
new Orleans expects $4,000 to 1900
! against 1l,o14 last year.