The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-11

Cotton or.
The Williams 4 Flash company OF New
York says; few months ago the few who
predicted that Mny lard IN Chicago would
touch & cents per pound were laughed to.
sooin by the majority, but nevertheless that
Z Azure WAS reached this week, and, while
thore has been some reaction from the high
est point, IT'S position ia such that even high
or values may ultimately be realized The
anmc parties are pow rs ready With, their
prophecies that the day for aSc or Ser prime
summer yellow Is thing OF the pnst.
u iE quite true that ordinarily an advance
rdch as the present In lard would have en-
hhnced the value of oil At least II dollar pnr
la'tclS while In tho present Instances not only
has oil not shown any Improvement, hut. Tor
the time being ~ least, the odgc IL on tho
market ard the export demand has again
fnlcr of to practically nothing On looking
into the situation closely tho reasons become
aptercnt, In the first place, the low prices
which have prevailed for the past two years
on lard have largely curtailcd the use OF
compound. thus partially cloglng our outlet
i9r cotton seed oil which ordinarily could bc
appended upon to ehsrh about 10 per cont uf
the production. and thus forced unusually
largo quantities on the Europoan markets.
which the foreigners were not slow to take
advantage of to secure parcels Mt practically
thsir own prices; and, In the second plnrc
this long period Of low values has discouraged
all speculation. SO that the market Is now
nnf.cted directly by the legitimate demand. or
lack of It,
On the breaking out OF hosttlitles between
this country and Spain the fear that our
ports might become blookadod induced Euronn
10 buy and lay in Il stock md caused an nd
vance OF some &c por SALON, aud now they
have secured this stock and nnd there is no
interruption to our shipping. they are In
clined to withdraw from tho m, ,kct IN HE
hone of lower prices prevailing later on. In
this We feel they will he disapponted "a
He tfink this small advance would have NJ
tilnatc,y have taken place war or no war,
and when their present stocks arc consumed
md they re-entcr tho market tho lack of
pressure 10 sell win cvontpsllY force them.
not, only TO meet present figures, bu, even
hieher ones.
The home consumption 10 fair and Is stead
ily increasing. and will continic TO grow un
leas checked by decided decline in lard We
quote prime yellow dull at 2ifr2llsc barrels
here; on yellow. 2sMGAc. primc crude In
barrels. zoe; loose at MILL l6dpi7c.
Trade Notes.
earned goods, spots and futures. narticu
larry tomatoes, aro decidedly firm
Their Is . strong undertone to the market
TO- beans and peas.
Dried fruits are sitter. owing TO demand to,.
army use and for the klondike trade.
sugar Is weak and at primary points is of
few points. 70 Y"
There is no change to note in any of the
staples. but the tone is steady " ''''
ora"perr'eS are higher on light receipts
An ADVANCE on future consgnmen,s of ba.
nanas Is anticipated on account OF bivhnr
freight rates and Insurance A's"''
New York reports lemons strong and b,vh,r
Receipts OF poultry were heavy today IN,
not enough to break prices. '"'
~ soda crackers Wv" h'"ue
$s.10e.s16. oa'"nees
New York. sales of stocks were ,on j..
tI6c0. Sugar $500. io''pSo
rarls:-Three per cent rcntes ioef S?,sc for