The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-14
OF BUSINESS.
a lilox u tie Condition Of Trade
Generally.
INTEREST TAKENIN COTTON ACREAGE
once Of Tho Post,

win cotton selling low and the market ~
earcntIv weakening under the heavy nov'
r,ent interest IL centcrlng In the acreage
Be planted this year IN this great staple
REPORTS are conflicting ns TO the in,epuo
81 the farmers Where new country Is beli
opened up Il is almost an assured fact tina
: roud portion Of tho new land VIII be plant
"a 10 cotton. ON the other hand, In In
northern and central portion5 OF the stat
considerable ground. formerly planted In cot
ton n being sowed to wheat and oats an
planted In corn.
The great drawback Is that cotton ~ tn
enly crop upon which money is advanced a
aeon as il Is planted. and thousands OF ten
ants must have advances or they can no
make crop.
In this connection attention is called TO Til
action Of the farmers OF Newbcrry county
South Carolina, who at recent meetinl
adopted several resolutions of n prornisin'
character for their relief from tho evils OF TOT
much cheap cotton. raised on credit
One urges the legislature 10 prohibit thu
mortsaging or piedgiug OF agricultural prod
ucts not in existence at the date OF said mort
gaging or pledging. II scarcely requires te
he sajd. OF course that any effective meas
ure which Will make such 'mortgaging OF
pleigIngn imprscttcable. whether IL is pro
4 hibited or not. viii so further toward re-
ducing the cotton crop aud increasing pro.
vision crops than any other measure that
could be- proposes. Whether IL would be ad-
vlsable TO put such Il measure into fttoct ~
once. without year i notice, the farmers
themselves must decide,
Another resolution provided that pledges
hn circulated In the county tot the slgnatures
OF our people. looking to n reduction OF ~
per cent in the cotton acrcagc wherever the
5 1880 - .lnE fih in
worked" and also urging tho people 10
raise their supplies OF provisions,
The most important action taken by the
meeting however, was the adoption OF u
RESOLUTION Recommending that proprie,ors OF
: lard require their tenants to raise food prod
ucts. taking rent In these products, instead
OF all cotton.
Cotton OIL.
Tho Williams a Flash Co. OF New York, In
their circular OF January s. say;
Tho rather anomalous condition OF firm
crude market, with this grade in good de-
mand. while refined is dull and offered at
relatively lower prices still continues.
The European markets remain entirely apn-
thetic, but this is not surprising, When the
situation Ia carefully considered In The firat
place, trade generally IN Europe lies dor
mant from just before Christmas TIL about
the 18th Of January. 40 that the lack OF de-
maDd from that quarter IL not necessarily II
Encouraging feature In the second place.
they have become 80 accustomed IN tho past
two years 10 seeing sellers here cndeayor to
advance their prices only To reduce them on
tho withdrawal OF European support, that
they can not believe that the present advance
will DO any exception. There Is an old udnge
that the exception proves the rule, aud
this may prove true In the present instance,
rs conditions are radically different from
those previously existing. The firm pusltlon
Of lard, and the relatively cheap price ot
OIL has led to free buying on the part of the
lard componnders, thus giving us good out
!ct at home for our OIL and milking us more
Independent OF the European markets than
We have been for some time past. md should
the home demand continue. Europe VIII be
forced TO advance her views il she IN de !.
sirous OF obtaining any quantity OF oil
We quote prime yellow on spot at ~. to
arrive. 22'-; prime crude. loose, 10 to is,s;
psrreis here. 1875 TO ~. ff7
Texas cattle water Shipmcuts.
The New York Journal of Commerce snys:
As stated in these columns IN Saturday. the
Lone Star line has Just contracted to carry
several hundred cattle from Galveston to this
port on it's steamer Mcnemsha, which is
scheduled to leave the former port about tho
18th Of this month. This shipment is of I'M
usual interest, IN that this Is said Ia be the
flrst OCCASION that cattle have been brought
70 Nov ! ark from Texas by steamer aud
4 sf''ahr' " llHN iNifiN tht ptEDiUlng OF
important trade. as. II the frst shipment
turns out satisfactorily, large consignment
VIII follow. The Lone. Star vessels have n
capacity OF from To0 to 800 or more head az
cattle cach. Among the advantages rinjmsi
Tor steamer transportation ~ that the ,attlc
VIII arrive IN better condition. showing loss
shrtnkage. that there will be less transferring.
aud that from some OF the cattle raising eec.
lions the cattle can be placed In New York
In quicker time than they would come nv
ran II is also urged that the Texas cattle
ruiser viii benefit by the now ARRANGEMENT.
~ that he can sell his cattle direct. instcad
Chicago. AZ
The first lot Of cattle, ii is understood. is Tor
the local market. and not for export Thcv
are sain to be of good grade. better than ibos,,
that have recently been sent from Texas Ia
Cnpa. tn. Lone star line during the past
fall carried about TO00 head 10 Unyana Tba,r
steamers are fitted for the cattle trl,,j, ,,na
y u Is found that the business can be handled
N tnis way TO advantage, a regular ana IN
creasing trade III predicted -
Tho rate war between the Lima STAR ana
the Mallory and southern pucitir companies is
apparently on as much as ever, The Lone
Star line last week announced a cut from ~
10 ~ cents In their southhputd rntn IN cot .
ton piecn goods. There has been no chance
IN class rates for some tune.
Nncnroni Combine.
A New York paper says:
As a result Of recent negotiations ano,r
$500 sAAsP~ttSin ouu NEUTRALITY-SUSPICIOUS. OF macfl-
roni, rs well an others Identified with mo
srsde. an agreement has been reached BY
seysrai q those parties To- maintain uniform
prices, the present price being fixed nj 81 n
per box OF II kiios. II is clai,ped thai s,arrs
~ thas city are held mainly by parties 10 IN"
agreement. and that they control Tho outout
q nenrly all the factories in Southern itslv'
- = tar ~ exports to the United States ara
e 81 The present price Of 81 Is IL
cisImei BY some to be- a low one. and Il not
0neffng much Involvement 10 lmnort n, r,,r.
rent Prices on the other Side 80
several importers. who nave hitherto hand-
~ considerable share Of the trade. have
- 1oined IN the agreement.
Produce.
Tncre y an easing on IN buffers and prices
hfye been marked down. Dealers predict low
priees during the coming summer nnd are Of
~ opinion that before long there win be no
nere oleo made ON account Of the restrictive
plonfina, piIn, 4