The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-21
COTTON FLUCTUATES LITTLE.

may be looked for In that quarter, while
reports OF the Wholesale buying up OF print
cloths by a prominent operator 70 New
York aueurB well for prices The takings
Of Southern mills since September /,
far IN excess Of those for a similar period
in any former season, was considered as
sufneeut to speak for itself without addi
t.onaI newa from that quarter. The trading
Interest WAS chiefly confined to professional
circles, while the public demonstrated It's
Inability TO see the drift OK events until
more important developments take place.
Liverpool was lust IN accord with the
general expectation Sales on the spot
amounted to 500 bales at quotations raised
by 2 points. Contracts finally advanced
TO points on all positions.
New York opened unchanged to points
below the previous close There was
steady decline during the first hour and
bringing a 3 TO 4.poiut loss made the low
est prices Of the day. a recovery Of nrst
prices occurred suddenly and IN few mo.
ments an upward move set IN which con
tlnued until midday. loss Of points
made the level for trading during tbs
greater part OF the afternoon with a light
adynnce IN the final thirty minutes that
brought best prices of the day. In tho
net resnlt January gained o points, July
I and the balance OF the Est went to o
points higher
New oricans started 2 points M Oh near
and 20 down on later months. A small
eaalness ia the early moments made bot
tom prices after which there was q steady
advance OF g TO z points. slight easi-
ness followed. but a rapid recovery mp
peared Immediately after aud best prices
Of the day occurred shortly before the noon
A
next hour causing loss OF half the galn
and an advance Of or points few
| moments Inter made the limit OF nnc@na.
| lions during he rest ~ the call IN the
net result November declined I polnt aud
| the other months advanced / 20 2 points.
Sales at the four American markets
amounted to t3.5S2 bales and spot quota
lions were not molested
The movement continued to shrink Re
cclpts at all ports for the day were 5t419
balcs, compared with 72i50 for the CORE
spending day Of last year. Since Friday
they have been 07.12T bales, compared
with i00,o01 for the same time OF last
week and 14t,522 for the corresponding
timc of lust year. Thus far ~ the season
thore have been 1,735,OO7 bnles, compared
with i,2Hl, i1B for the corresponding time
Of last scnsou. Exports since Friday have
| been i27BG7 bales, compared with lt2,35B
/ for the same time pf last week ana lbU,8l1
! for the corresponding time Of last year
stock at United Stutes ports for the dag
| was lg3 1913 bales compared with i3p.ll0
I for the same day % last week aud jl4,412
for the corresponding day OF last year.
/ Says the journal OF Commerce: The bun
contingent attnch less Importance to tho
fact that receipts have fallen on 26,s74
| bales this week than they do TO tho fact
I that the movement has fallon Oft nj all. 1t
/ Is enough for item to shy that 1t shows a
tendency Ia confirmation OF their position
that the movement OF the season has passed
It's perihel0n; hat the small stocks, not
wthstaudug the heavy movement thus far
point 10 an oyer-eXpurtutlon of cotton Ia
view of forced or voluntary prOcrastlua
tion OF American spuncrs this season ON
the score OF consumption; the high price
Of fuel leading Co economy aud the promise
OF lower prices for raw cotton explaining
a disposition 10 defer Purchases the net
result being small holdings of raw supplies
while udvlccs generally favor the idea that
cotton spinners OF this country are pretty
well supplied with orders for goods extend
ing well Into the future. Tho conclusion
OF tho bulls rs That American spinuers must
become more active buyers.
Against all hulHRh arguments, however
the bears have ono answer; Crop ppssibll.
ties; late frost means record crop"