The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-02-04
lotion MARKETWAS INACTlVE|

a., rha time Of tho market was weaker
owing 90 tho decrease In spot demand ana
tbe hcariph news from American sources
ntipc,psl among which was The hcnry
excese VI receipts oYor the eoIresponutttu,s
time q last Season .,o ans NJ ueV when time
a little stoadlor feeling pTevain,sSSt. - ~
closing quotations were quiet ana etenay ~
a range Of 2h % points Igwer tnsh com, nv
pnratiyoly active, with fnlr aenaaiitn.
down
New York opened cosy. with prices
TO points below the close on MONDAY.
The decline al Liverpool had decided
OBJECT npon the market, but recovery sthri'
cd in soon after the opening aud Mafcn
went from s.71 TO $40 before noon.
There was little life IN the marker
aud operations were limited. Inc close NnS
o,iiot' Int steady, aud quotations showed
\ decline OF 10 points from tho close
on Morday.
New Orleans opened quiet and stsady'
with prices lower by TO 4 points than
tho cloee on Monday. This weakness was
caused by the decline at Liverpool which
was greater than expected and by the hear
lsh statistics from other points fore
capt of bad weather caused a better feel
ing very early and advances OF 2 70 poihla
we're made but prices cascd on about noon
then mndo slight recovery before lne 'iosst,,
1,he closing quotations were steady, WIN
figures unchanged TO 3 points lower thhl
the close Of the day before
There was heAvy excess IN the current
movement Receipts at all ports for the
day we're 4o424 bales, compared with %
900 for the corresponding day OF lhst
senson Since Friday receipts have been
/ KIAFl
the same time Of last week, and 6l,2s3 for
the corresponding time OF last eeason ThnS
far In the season receipts have been $3.50 p
1GG bales, compared with 5,sl8sDf for the
corresponding time Of last seoson. Ex-
PORTS since Friday have been SD.Si4 bales.
| compared with l25,s8O for the same TINE
| OF last week md 81 483 for the correspond,
! Ing time Of Inst seaEon stock ~ unitea
| St1tns u0rtg WINS t,OtBSbi bhles, compared
! With 1o55o7s for the same day Of last
week aud So 707 for the corresponding uny
| ~ last season
The New York journal OF Commerce gives
the following view on the movement Of
this seasons crop
There IL every evidence that the Northern
and Southern cotton mills Of this country
arc absorbing an increasingly large proper
ton Of the movement, yet lauerly the daily
|
coipts The Southern mills are estimated
TO have taken this year Csuperlntendrn'
King 1.o0i 900 Dnlos. against oo8,3Po oaI''
Inst ycnr. Secretary Hester shows South
rrn mills takngs d lOJ1 800, against SAt
t4S uat ycm The northern mills have
been exceptionally busy. ana remain 9u
| with every evidence Of prosperity III ~,
form 0f dividends 10 encourage the nov
growing belief that the American cottoi
| product will lrnyc this country IN o. Hto"nl
in growing proportion ~ cotton goods W
ptpHd or the raw material, tendency
which Is apparently attracting the alton
lion of foreigners, who are snid 10 h'
afrnid That the United Stntcs may manu-
Tnrture their entire cotton crop, iolioWlh'
current tendencies. u.t
mo amount of cotton brought lnl'
sight this season is now practically NJ
larror than the movement for the Fhw
ttnip Inst season. II remains TO be Nt'l
whether receipts for the remainder 81 tu
seagon are 10 compare hullehly or bear
lahly with tho movement Of last year
Last February the movement by week
was as follows February T. ~ hl; l'U
! runrv a. gOl aiG; Fchrnry ~ 2l3,A43 an
| Teblunry ~ 2Oi, 1rd. The February move
: mcnt during the past ten years ms he9,
: ms low ns 356,OO0 ana aH high ms sol VL
! nhc movement IA the nll-lmportnnt srnlc
which every day becomes more lmpnrtun'
the Indications Of record call Tor Nmr'
lean cotton being apparent rn every nan
r ~ hone and abroad.