The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-02
Of BUSINESS.
Al ladex to the Condition Of Trads
Generally.
FORTUNE AGAINST TEXAS FARMERS.
wheat Prices slump Just az the Crop
& II Ready for Harvest = Outlook
for yellow Pine-Trade Notes.
once Of The Post.
Houston. Wednesday, June 1.

II certainly seems as though the fates arc
assinst the Texas farmer. With big cotton
crop, prices hnvc been low, and Mt tiiad
wncp there shculd be an advance weakness Is
shown.
Millions upon millions OF dollars arc being
expended for war necessities. but none OF this
money comes to To,ns.
Fer couple VI months wheat went on
regular boom, touching the highest price In
years and causing considerable advance III
flour to Texas Consumers.
The big Texas wheat crop Is now ready foi
harvest, and down drops the lricc OF wheat
a rtrua: slump. Fortunately, however. there
were como frightened shorts last month, and
they contracted for Texas wheat, Juno dely-
err, paying the fatjner 81 bushel net, which
is a gcol price, all things considered.
Another Texas industry when haa suffered
on account OF war iSluniber, There rs an enor-
ncus iullng OFF In tho export trade. partiei-
larry 10 tho West llidies aud Genital America
Eastern Texas having, PRIOR 10 the war, built
q vast trade in yellow pine. However. there
is sIly,r lining to the dark CLOUD Tor all
menace to American roastwlst aud West India
trade viii soon be removed In this conncc-
ton the Tinbordian OF Chicago says;
American lumber exporters especially O,
yellow pine, anticipate gfudt ;nlngs wnen the
war shall bo oTer bnd Cuba shall begin It's
prcteah OF rehabilitation. Estimates as t. the
amount of lumber Imported by Cuba IN ardi-
nary years range from 2j0, 000 ODl 10 300 DOUt 90
feet. OF which large proportion is yellow
pine. but foT four years Cuba has built very
little. and. OF course this year practically
icilns and until the United states furnes
nfe IN possession OF the Island nothing can
DO esps eed IN the way OF revival OF trade
but when the island IL once more pacfed and
IT'S ine natural resources are open 10 develop.
men, there must be enormous demand Tor
lumber spanafds and insurgents Mike have
deVaftnted tho country, II may take Hattie
time IT, reOfganiso the hn1ncial and common
begin. hui II woald net be strange 10 see ID !
demand ior 800. 90 600 feet OF lumber wlth |
n year from the urnr that the United StnlcB |
so1ce! orc masters OF the situation, and for |
yesta thereafter there nrst be an cAtraordi- |
hnfuV large demand to make good the de-
stTntuoh that has been wrought Further
more. A. free country lUder the protection
OF the United states. or 10 unired States terri
tory, the development OF la lcsouces will b.
30 lnueh greater than az any time IN the past
tLat II may bo expected ihnt Cuba viii be-
perm anehuS larger buyer OF American un.-
Ter, ~ reli-an other American produotA. than
ever before, and In return Il vii give MS hcr
ytt. teei touched. mad her ucpicai aud semi
tropical Ifoduci8 Of The soil.
The Lnrd SuDuly
The following estimates OF the stocks OF
lard held In Europe and aiiont oil May I. to
which arc added estimates OF former Years
and stocks in cities named. arc furnished by
the n. X Falrbank company: