The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-02
COTTON VALUES ADVANCED.

at quotations lower by Lied. At the close
contracts sustained loss Of to 1ls-64d
The big English market will go Into holiday
FOR two days In honor Of King Edwards
delayed coronation. Much liquidation was
induced by this state Of affairs.
New York opened l point down on August
sna TO up on later months An upward
move immediately occurred and was follow
Cd by a slow recession, causing bottom
prices to De reached within the nrst hour.
A partial recovery soon made Itself felt
and coming within a few points of the
level reached on the first rise, made n
range that extended with few variations
uuiil the LAST hour Of the session An nd-
ditlonal bulge appeared at this time. bring
ins tor prices \ loss u this Improvement
was sustained afterward and constituted
the only change In the net result August
gained a point and The later options went
20 points higher.
Neu Orleans started unchanged to >
points above the previous close. A gradual
doeliae began it, course at once, bringing
the lowest Of the day In the first half OF
tao morning. The initial range was steadily
~ gained hy midday with an advance short
% tfieg that caused the highest of the day.
4 slight reaction followed and formed the
aalit u variation during the rest Of the
cau Ia the net result August advan ed
poist and the balance OF the list increased
aud Z points. Sales Mt the four Ameri-
can markets. amounted TO 1ios bales. spot
quotations we've reduced 1.16 on low mid
dlirg and grades below at New Orleans and
raised i.I6 on mlddling ana grades above
other markets were not changed.
The movement did not contain even a
hint Receipts at all ports for the day
were 45Ol bales. compared with 3u4O FOR
,ae corresponding day Of last year. Since
Friday they hsve been 1851 bales, com
pared win l36lS Tor the same dine OF
last week aud 2Sc24 for the corresponding
time q last year thus far In the season
they have been 1,432, 1871 bales, compared
with I4lj,-jT FOR the corresponding time
cf last season. Exports since Friday have
been lS,42A bales compared with 27SI1 Tor
the sane time OF last week uud 80 1SI Ion
the corresponding time of last season.
stock AT uited states ports for the lay
was 2OI, lti bales, compared with 22foo1
for the same day OF last week and 334 100
Tor the corresponding day Of last year.
Following has been the weekly movement
at thirty leading interior towns, with com
rarlsors.
1902. 1901. 1900.
Receipts ........... 7,i54 iI,6n 4,eoo
Shipments .......... l6,5l5 Zo,lUu s.IU3
stocks .....,..,,... 1855 100 81 4f8fu
says the Manchester Cotton: GEARS
think the prospects OF the new crop are ex-
cellent. Mr.. Theodore Price goes go far as
to say that they are OF 'uncxamped brli-
liancy. and from present appearances ma
turlty will be sufficiently early to relieve
the existing strIneency In the supply ur
course, everybody lis aware that the crop
has to 80 through the trying month of Au-
gust. There Is practically no doubt that
the crop is an early one therefore, there IS
lose danger 20 be feared from frosts As
to the balance Of the old crop In America
II the weather continues as favorable as II
Is now, and row crops begin TO move IN
volume, trausfercnce of a large proportion
OF stocks to the continent of Europe, 1t not
10 Great Britain, will be seen.
Bulls acknowledge that Il would he dir-
ticult with n reversal OF weather conditions
10 lufuse confidence IN higher prices, ana
there Is little to he looked for, unless n
crop scare Is experienced. To induce outside
speculation to take hand fhoy agree
that at present II looks like an early crop
but then. an early crop is generally d
short one"
Liverpool viii he closed August =, and
! . on account NJ coronation holidays