The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-01
COTTON VALUES ADVANCED.

SPOT demand was hardly equal TO the
strength that might DO expected from the
features OF me market yet tne oI aa ~
tai, however, and there was no evidence
OF other than temporary lull In this re-
spect.
lead the march. Sales on the spot amount
ed to 5000 bales at unchanged quotations.
Contracts made fnal advance OF TO "
e4d on all positions, Operations on the
when the day Of the big crop estimator Is
near at hand.
New York opened 1 to s points below
the previous close. A steady Improvement
prevailed through the first half Of the morn
ing causing top prices to be reached.
reaction followed and the gain was almost
entirely lost by noon, arrer which there
was a further small weakness extending
through the next hour and bringing bot
tom prices. gradual advance OF about
5 points then occurred ana few othel
changes were noted throughout the call
In the net result October, December and
February gained points and other months
went to 5 points higher,
New Orleans started to down Oh
near, points up on later months rise
10 the best Of the day took place In the
early moments and formed level from
which there was not more than points
variation until near the midday call. A
steady decline then began, reaching bot.
tom figures shortly after the midday call.
gain OF to points followed and made
range that extended through the balance
OF the call In the net result November
and April advanced points and the bal
ance OF the list gained to points
Sales at the -four American markets amount
ed 10 11,Ss4 bales. Spot quotations. were
lowered lSc at New York aud elsewhere
left unchanged
rhe rsovan,er+ resumed tts huge nronor-
tons Receipts at all ports for the day
were sl,022 bales. compared with 45,oA5
for the corresponding day Of last year.
Since Friday they have been 49,, 462 bales
compared with 1872, $50 for the same time
Of last week and 124,530 for the CORE
spending time Of last year. Thus far In
tie season they have been 906,7S1 bales,
compared with 445bo1 for the correspond
Ing time Of last season. Exports since Fri
day have been 16o9s3 bales, compared with
S0,ON5 for the same time OF last week and
1887 for the corresponding time Of last
season. Stock az United States ports for
the day was 41055 bales, compared with
$4,000 for the same day Of last week and
2s0pl4 for the corresponding day Of Elst
year.
The new method Of quotations adopted
by the Liverpool Cotton association goes
into effect today. Under the method a
point on the English future board viii rep
resent ono.hundredth instead Of one.sxty.
fourth OF penny and futures viii be
decmally expressed In hundredths. The
III per cent discount for exchange and
other items heretofore existing on quota
lions OF Liverpool values will be abolished
4 aud the figures made Hat with one point
equal to about two American. on this
/ basis compared with our closing yester-
day Liverpool is due to open today as fol
lows; october 4 20, October November 4.63,
November December AGO, December-Janu-
airy 4.59, January February 400 February
March ass. March-Aprll 4.57. April May
1 81, May-June 4.57.
The following private letter was received
by Houston cotton buyer from rela-
Bile source at Denton, Texas.
your favor Of the 25th Instant at hand.
There 10 very little doing In cotton. The
rains stopped the movement and the de-
cline took the snap out OF the market
Those who have lists viii not sell at the
decline
"As to the crop, Those favored spots
that had rains some time ago, with late
frost viii make some top crop but where
there were no rains the weed was too
| small and too near dead for the recent
/ rains 20 be OF benefit Northwest Texas
| viii yield 80 to 40 per cent less than last
! year We expect here 5000 to G000, against
4 11,Q00 last year. II would take about { rs
landed 10 do any business today"