The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-07-30

except at the three places previously nam.
ed, but the bears believed that St Swi,hir
| would soon get IN his fine work with Pin.
! v-us and drench that country as he has In
this section and the South Atlantic states
in TACT, the sentimental effect Of the con.
! tlnued rains here caused many 10 ignore
| the dry wea Their IN Texas.
| The crop news from that state especially
| from the central and southern portions. re-
| ce-ved today was generally unfavorable re.
| porting premature opening of the bolls from
! the heat and dry weather and shedding il,
| many districts. Crop accounts from the
! Guig and Atlantic states are generally "a
! vorab bic except from some portions of North
| Carolina and South Carolina. where the
| crop IS suffering from rust and sheddiug
/ and rank growth and checked with grass
| from TOO much rain during the past ten
/ days.
| The summary of the weekly government
| crop and weather report was announced
! on change shortly before noon. Il showed
very conservative compilation by the Of
| ncials OF The weather bureau having the
| matter n charge. II IS so indefinite and
! conflicting that a perusal OF the official re-
ports sent by the various state directors
VIII be necessary in order to obtain a clear
| ioear as TO the condition and progress The
crop has made. The report says: Cotton
mas generality made favorable progress
and is fruiting over the northern, central
and eastern portions of the cotton belt. a.
IToush some complaints OF rust and she'd
ding are received from portions OF the east
ern section. In southern Texas drought IS
/ causing bolls 20 open rapidly, some p-er1a-
turely. and the plant has stopped growing.
but over northern Texas. except some she'd
ding. the crop is growing and fruiting very
well
firm. with prices 1-32d higher a. 1924 for
m:ddling. The total sales were 1860 bales
Receipts oc1D bales, all foreign Futures
opened steady 10 20 IL points advance
and closed quiet ard barely steady. with
prices unchanged 10 y point higher COM
pared with last nights closing
The selling pressure subsi5ed IN the after
noon, and buying for New Orleans to-
sether With some covering Of shortA by
traders. prevented any further decline and
Kept the uncertone steady up TO the close
Private adTices reported rains al severa,
stations in Texas not covered by the wealth
er bureau, which with the weather proba D,
Htes indicating rain in the eastern por-
tion OF the state, made the sentiment
among the room traders rather bearish, es-
pecaily in view of the unsatisfactory clos
ing cables They had already however
oversold themselves in tire early trading
The total sales up to O'clock were 1900
bales.
a continued good demand was reported
In this market for spot cotton and prices
remained steady and unchanged from yes
terday, at I l5-16c for middling The total
sales reported were 1.2Ss bales, including
Y.
bales taken by spinners for home consump-
ton and 100 bales delivered on contract
Tomorrow will be the first notice day for
the delivery of cotton on August contracts
The option has been pretty well i:qu,dated.
the bulk of the holdings of small operators
having been transferred yesterday and to-
day or closed out entirely In view of the
difference Of nearly CSC per pound IN the
price Of August contracts and middlin8
cotton and the scarcity of cotton here, the
deliveries are not likely TO be large, and
whatever notices that are sent out will be
stopped by exporters and other dealers In
actual cotton in the hope of receiving some
desirable grade which Is difficult 10 secure
in the open market. There is a lot Of
high-grade fluffy and sandy cotton which
has been held here for some tine and for
which there is no market, and it may be
that some houses controlling this cotton
may issue notices against II for speculative
purposes. The total stock here In licensed
warehouses now is but LAB bales which
is the smallest stock held here since the
cotton famine OF 1890, when the total stocks
were but Sc AGO bales. The total stock at
this date last year was So 9I1 bales, against
1S1S43 bales the previous year. 1868 bales
IN 1894. i50,579 bales in 1893 and 293, 731 bales
In 1892.
The market closed steady