The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-13
6TTON FLUCTUATED LITTLE.

Jug. aet sh9uid not cause any one to wopde,
US 10 the lifting of values.
New YORK opened unchanged on near and
to . points, down on far deliveries 4
sinull decline took place at once followed
| by further recession to bottom pri"es
causing same TO rule through the g9orsc,
| part or the first hour An improyernent
! tnen began and brought the best Of tht
uay az the beginning OF the last hour There
was not more than l point loss until the
Closing moments, when a similar decline
| occurred and made the range for the fnal
e ehnL IN the net result July went un.
Snahged, August gaiaed points Septem-
points. N'V''eu "
New Orleans started unchanged to 2
early moments. made the lowest Of the
day, after which there was a slow advance
causing tor. prices TO be reached by the
| httle variation afterward until near the
WIND up, when a light decline brought I'm.
i l prices In evidence again In the net
result August moved up l point. September
and the balance of the list lowered and
e points Sales amounted to 34O4 bales
spot quotations were raised i-16c at New
YORK and elsewhere left unaltered.
There was a temporary expansion in
the movement. Receipts at all ports for
the day were 4242 bales. compared with
for the corresponding day Of last year
Ihus far In the season they have been
I.3SS3lO bales. compared with 1920 S73
for the corresponding time OF last season
Exports for the day were 300t bales com.
pared with 1891 for the corresponding day
OF last year. stock NJ United States ports
Tor the day was 2S1,ol5 bales, compared
with aO9,ll9 for the same day Of last week
and 402,403 for the corresponding day of
last year
in considering the question of possible
rivals Of the United States in the cotton
trade Mr. j. L. Watkins Of the division of
statistics at Washington says of the East
AS to the contribution Of the East Indies
to the worlds supply of cotton. q country
that Tor a long time was considered Il dan
Gerous rival of the United States. Mr..
thomas Ellison, an eminent statistician OF
Liverpool. tells us that up TO the time OF
our civil war II was the current opinion
both In England aud in India that the
cotton crop Of that country was equal TO
some 100000 to 6O00.OO0 bales Of Amer.
lean weight some authorities, Indeed, went
50 Tar as 10 estimate the yield at 10000 600
bales. But the fact that the extraordinarily
hlgh prices current during the civil war
failed TO raise the import into Europe 10
more than 1,374,000 bales, against 9l9,0O0
IN 1861, was proof that the crop could
never at any time have reached one-half
Of the smallest previous estimates Mr.
Ellison doubted Ghls was in 1856 whether
the crop ever exceeded 100000 bales. The
records show that Mr.. Ellison was very
nearly correct, for, far as known, the
crops OF that country, as indicated by the
exports and domestic mill consumption.
have rarely ever exceeded 1900 900 bales OF
AGO pounds, aud the average annual crops
are far below these figures Among the
noteworthy changes that have taken place
in the cotton trade Of the Enst is the de-
cline of the exports of raw cotton from the
East Indies
"In iS71.1s72 the exports to Europe
amounted TO over 2,oooOo0 bales OF 400
pounds. In 1SS9-lS90 to 100000 bales of
500 pounds, and In 1900 1901 TO ONLY S4s.-
coo bales Of 400 pounds. It Is quite no
tlceable fact that In recent years Italy
Belgium, Austria Hungary, France and the
united Kingdom have each been taking less
and less East Indian cotton. The falling
OF OF imports into the United Kingdom is
English splnners consumed over half mil
Hon baleS.' but now the consumption is al
most insignificant. And every pound Of
East Indian cotton displaced means Its re-
placement by pound of American cotton
Of better quality.
ITO what extent the decline in the ex.
ports Of cotton from India to Europe is due
TO the Increase In domestic consumption
and TO exports to Japan (Which country has
OF late largely increased its purchases Of
indian cotton, and to what extent II ia
due 70 the cheapness and superiority of
American cotton, Is an interesting subject
Tor investigation. II can only be partially
due to increased home consumption he
cause In some years there have been annie
surplus stocks for export The director
general of statistics to the government Of
India In the review ~ the trade Of India |
q few wears ago, attributed this decline 10
the fall In price Of American cotton caused
by unusually large crops and this explana.
ton seems undoubtedly correct"
"In 1883 the amount consumed was 4o4.
Geo bales and In 1876 $4,000.