The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-24
COTTON DECLINED SLIGHTLY

I changed to " point lower than the close
on Thursday, The market continued quiet
with a declining tendency brought about
BY 6he drift Of the markets In America,
whose tune at the close was not 70 strong
as on the preceding days. The Liverpool
weekly statement was interpreted as bear
ish, which had further eject on the mar
kat and caused declines to continue until
the close, which showed q range Of to aIs
points below the dose Of the previous day.
In the spot martst a fair demand prevailed
with prices In favor OF buyers and I'M
changed at tho close
Now York opened steady at decline with
quotations / point higher to points lower
than Thursdays close. IAverpool's decline
affected tho market unfnvorably at the
start, ana the declines continued during
the morning. March went down to s73
and May 20 ST. but rally followed IN the
afternoon which caused some gains in
prices before the close. The closing ng-
ures were steady with prices to points
lower than on Thursday.
New Orleans opened steady at decline
with prices G points lower TO points high
er than on Thursday The market, acting
under outside influences, principal among
which was the weakness shown az Liver
pool, began to show an early decline and
this continued during the forenoon. The
lowest point for March was LII, while
Afny touched S.s4. The issue Of Secretary
Hesters worlds visible supply statement
which was construed as beorish, caused au
advance just before the close. The closing
quotations were quiet and steady, to 8
points lower than the day before.
There was n largo excess In TIE current
movement Receipts az all ports for the
day were 49,19 bales compared with 9s-
94s for the corresponding time Of last sea-
son. Receipts for tho week have been 49,
ss4 baiss, compared with 22s. 169 for last
week and 203, 1855 FOR the corresponding
week Of hast season, Thus far In the sea.
son receipts have bsen o,e45, $50 bales, com
pared with 6,584,sTs for tho corresponding
time Of last season. Exports for the week
were 1854 bales, compared WITH 174,371
for last week and 1885, for the CORE
aponding week Of last season. Stock at
United States ports was 1,os0,52T bales,
compared with 10T6, 45s for the same day
Of fast week and 974,657 for the corre-
spending day Of last season.
New York BROKER saysi ''Of the near
future of the market II can be said that It
should be safe from any important decline
for the reason that It does not appear
probable that any depressing influence not
hitherto felt can be brought against &
Tho stock OF cortthcsted cotton here Is de-
croasinR by sales 90 spinners at better
prices than can be obtained on the con-
tract market, and besides this there is no
option nearer than March where notices
Ia sunIcient volume could be Issued to
cause oven temporary depression. OF the
movement OF cotton to market 1t should be
admitted that a moderate increase can take
place, but we doubt II this would prevail
0gainst the underlying strength now noted
while, on the other hand, should the Large
| promise recently held out Of cotton yet "a
| DE picked fail TO bs sIbstantiHted, II Will
| have a retroactive effect on the market
| and on the minds Of traders"