The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-04
BIG SLUMP IN COTTON VALUES.

now had full scope to run its course. The
gap which facts present amounts TO a prac'
teal overestimate OF 10000 on production
and an underestimate OF 10000 on con
sumption, compared to the early fancies
which gagged the range of prices The
problem OF meeting this deficiency IL surely
greater than all the Irregularities Of the
technical purview. and 1t is yet within the
grasp Of the spot holder to do much toward
shaping the end.
Liverpool furnished a few more stra'n ms
Of the funeral march. Sales on the spot
amounted to 5000 bales at quotations lower
BY 1854. In the fnal contracts, an In
clination on the part of Transatlantic oper'
ators to revolutionize matters TO the point
Of again finding a proper parity"
New York opened - 10 II down on near
and 4 to lower on far options. There
was a drop at nrst. then a sudden advance
OF points. which formed the limit OF
nuctuation for the 1rst half hour. An ad.
ditional rise then made top prices, after
which there was a slow recession extend.
ing without improvement for about on
hour. when the lowest OF the day was
reached There was little variation for
few moments. after which an advance he
gan and continued until the anal call took
place. In the net result May md juno
lost II points, July Ii, August 10 and the
later ones declined 4 TO points.
New dreams started to points under
the previous close. a light drop a once
was followed by steady advance to the
highest Of the day In the first hour &c
cline as rapid then began and half the
srstfr, 1fn Ia fsf, 9Gyttt ss.-
with another drop shortly after that made
bottom prices. An Improvement followed
and extending until the initial range was
resumed by the last thirty minutes formed
level that continued 10 the wind up In
the net result May declined ii points, the
next three options lost 10 aud those later
went to points lower Sales at the
-four American markets amounted 10 500
bales. Spot quotations were marked down
lkc at New York and New Orleans and Lice
at Houston and Galveston.
The seward movement was distinctly on
the decline. Receipts at all ports for the
day were 9G32 bales. compared with 1877
FOR the same day Of last week and 140u
for the corresponding day OF last year.
Thus far in the season they have been
Il33,556 bnlcs, compared with $3.50. 80 for
y
ports for the day were 139SS bales COM
Iued With 2S.6ia FOR tho same day Of last
week and 1891 for the corresponding day
Of last year Stock At United states ports
for the day was 5lL5ig bales, compared
with lOA. 100 for the same day Of last week
and 5So,slo for the corresponding day OF
last year.
Following is Secretary Hcsters analysis
OF the United states crop movement to
April 80:
rOO2 1901 1900
Tex and l. T. 2.sn2.3i2 s.a95. 452 :. Ass a2I
Other Gulf St's 3.Ood.2Io 2.6l3.g24 2.G76,36i
Atlantic states 3,G35.TtO . DID. sos 342I.71
iotal IN sight. .9,d1i352 1858 244 $3.50 800
April In sight for
Tex. ard !. r. s7,1a5 1926 64,s91
Following has heen tho weeks movement
ut Alexandria. Egypt. with comparisons:
Receipts FOR week 1900 bales ngains.
5000 in 1901 and 1900 ia 1900
Shipments for week 1900 baieg. against
1l0Co IN 1901 and GOO I'm 200
Receipts since September T. 6.43l 900
bales. against 100000 In 1901 and 6, iOl 900
In 1900,
Houstons estimated receipts for tomor-
row are 14oo TO 1870 bales. against S254
last year. New Orleans expects $500 to
1000, against aoS5 last year