The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-06-03
COTTON VALUES MAKE SLUMP.

crease OF 3is per cent In the number q
acres planted. The highest authority viii
be heard from today In the reports OF tue
department and It's Importance needs no en-
phusiziug here. In such a conflict OF inlin'
ences one who enters must realize tha> the
path Is over n narrow peak With precipices
ON either side.
Liverpool abounded in buoyancy. snles on
the spot amounted TO 5000 bales az un.
changed quotations. Contracts made anal
gain OF and 36id on all positions. In the
restoration OF confidence across the water
adyices from the field were not considered.
New York opened to 8 points higher on
near and unchanged TO points lower on
far positions This was the highest OF the
day and gradual recession followed md
extending throughout the larger portion OF
the morning caused a loss OF 10 to y
points Towards noon some recovery ap.
peared and with an advance OF 70
points by the time OF that cnll formed
level that ruled with few changes until the
last hour Of the eesslon. slow decline then
set In and continuing during the est OF
the call brought low marx VI the ei9slms 4
than points variation M 10 the tnHl eau.
IN the net result .Iuns declined II points:
July - and the Further positions lost - an
~ points
New orleans started ! w on ue1r ana
lower on rcmoter deliveries There was
little change IN the cnrlf moments hli
drop made the range that extended until
near midday An upward wave began ~
this time mud about $ points wcfe RECLAIMED
4 2.polnt loss then formed tho level that
prevail. cd until the last thirty minutes.
when n constantly declining course Stnrtcd
md continued until the sounding Of tng
gong In the net result June lowered 10
points. July IS. August II and the balance
went down IL and IA points. Sales at the
four American markets Amounted to lSptb
bales Snot quotations were, reduced lIlbH
uf Nan NsV Lp NJ Ngfg
where left unaltorcd.
The movement was reduced 70 diminutive
figures. Receipts at all ports for the day
we're 1871 bales, compared with sai2 for
the corresponding day Of last year. Since
Friday they have been GOA bnes, compared
with 1888 for the same time OF Inst week
nnd 1856 for the corresponding time OF
last year Thus far I'm the season thcv have
been 1,21D6B bales. compared with 1912.
0i0 for the corresponding time OF last son
son. Exports. since Friday, have been Iii2
bales, compared with al for the snmc tine
of last week aud 25,422 for the CORE pond.
Ing time OF last year. Stock ut Uu12l
states ports for the day wv; ilTO2G b d s.
compared with 1854 for the same DAY NJ
last week aud iii.J25 for the corresponding
day OF last year.
In It's crop report the New Orleans Times
Democrat said In part
South reports the acreage to he about
the same as last year Average
Of condition is high and outlook Is brilliant.
Almost general comp uints about sc'rci a
of labor may Influence gathering OF TIA.
staple High provisions has not affected
farmers materially The ncrcnuc is
practically the same as that Of last year.
II there has been nny change II has been
N the direction of slight decrease RE
average OF condition Is very high indeed,
u Is quite Within the mark TO sny that In
no crop have the prospects been moro bril.
liant on the LIST OF June From this state.
mrnt one reservation must be made, rbe
boil wCevil hns greatly extended its snhcre
OF influence In Texas and tho gravest np.
prchcnslonH are felt on this account
From many sections come uricvous com.
paint about scarcity Of labor and this In.
irence VIII make Itself strongly fct when
the cron shall como To he pickcd The high
price Of corn and provisions has had less
effect on the lahorer nnd tenant farmer
than might have been expected n T. con.
sensns OF opinion that the crop has been
cultivated with unusual care
Farchild & Hobson OF New Orleans srnt
out the following, received from wharton.
The hrst cotton bons have been exhibited
here. The wcevl has not appeared In this
county ns yet, aud the prospects are Tor
hne crop OF cotton though the acreage has
eaeu materially reduced bv rice The crop
Is about seven DAYS earlier than usual ana
II is expected the first bale viii he spDt
out OF here by June 20. II no disaster "
A New York operator wired Still believe
July cotton Is on way TO Siac.
Honstons estimated receipts for today
ore llS7 oggIust 1898 last year ana 3T3 In
the year before.