The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-29
A SLUMP IN COTTON VALUES.

claimed that the pressure on contracts was
speculative. while the substantial demand
hae come from spinners and exporters and
must finally have Its influence.
| Liverpool offered no word OF encourage.
ment sales on the spot amounted to IUuy
bales AZ unchanged quotations Contracts
finally went lower by single point. Che
English market is digestng the weather
news and Mr., Buston's declaration with
regard to same.
New York opened points MP on October
and 2 points down on later months There
was no change In the early moments ana
very small improvement shortly after
brought the best Of the day y 10 3.
point decline occurred about the Middle
of the morning and fluctuations we're con
nned TO a limit OF points for an hour
beyond the noun call. slight easiness
appeared at this time but varied prices
very little, until near tho close, when there
was a drop to the bottom IN the net
result November declined 10 points, De
cembcr and the other months went 4
10 points lower.
New Orleans started to points down
on near and = 70 3 points less on far
positions. This made the best level OF the
day and differences did not amount 10
more than points during the greater
took place and made the range 10 the
last hour OF the call, when there was a
slow but stendy decline TO the last. IN the
net result October and November lost o
dropped ana points sales a the four
American markets. amounted to 1858 bales
Spot quotations were reduced ZIG at
New Orleans and elsewhere left unaltercd
Tire movement was distinctly on the drop
Receipts az all ports for the day were
.5S,402 bales. compared with "a iaS for the
corresponding dB3 OF last yenr. since tri-
day they have been 1855 $40 bales compared
with ld@, ~ for the same time OF last
week ana 2i1lT6 Tor the corresponding
time Of last year Thus far in the season
they have hoen 2,l1uN}2 bales, compared
With 1,162U2l for The corresponding lime
81 last season Exports since Friday have
been l49,oN2 hnlcs compared with l25,atl
for the same time Of last week and l1Ihi1
for the corresponding time OF last year.
stock OF United States ports for inc day
was Gl3.41B hales, compared with 553.a05
for the same day or last week and 6Tb,1I5
Tor the corresponding dny of last year.
The New York Chronicle reports as FOL
lows on the dry goods situation
Conditions IN the general dry goods mar
ket have not undergone much change dur
Ing the past week. The demand here has
necn Of late ordinary character while at
ran river there has been less business
doing than last week, because the demand
for spots has abated and sellers are IN
willing to contract further FOR futures AZ
prevailing prices In tao absence OF any
decided movement IN either inside or out
side factors tho dpy-to day business has
been ~ q Flooding character Buyers Will
ingly pay fun previous prices FOR Immediate
deliveries az merchandise, nnd frequently
mud that oven thcrclt there are no ready
supplies Forthcoming. AZ be same time
there Is nothing IKE o general disposition
20 go ahead ~ immediate needs. Sellers
are meanwhile Glowing no restiossuess
under this character of buying, aud IN no
direction IS there evidence 81 pressure 20
sell while in some, although quotations
are mo- higher thsn laSt week, the ten
dency r. against buyers There are no
comr8dius heard as to financial conditions
in the TRACE collections being reported
regular and satisfactory.
Thc home demand for heavy brown sheet
tngs and drills has taken oh the market
moderate quantities for current delivery
but has not pnt production much further
ahead than Il WIS week ago, while the
operations Of exporters have been on quite
limited scale. Prices are firmly MAIN
toincd, Business IN denlms has hceu ot
intc average extent with sellers very nrm
Ticks are quiet and unchanged. plaids,
chevlots checks and stripes aud cotton
AIDES also firm with steany demand.
stocks Of cotton nannels and blankets are
well cleaned MP, and prices are easily main
taincd.