The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-02
Statistical Information Of the Leading Ex-
CHANGES Of the United States.
OPERATIONS IN FUTURES WERE NARROW
American Markets Closed Barely
Changedh-spots Were Unchanged
at All Places.
Office OF The Post,
Houston. TUESDAY, August I

terpart Of yesterday business, but little trad
ing being done, operators still holding OH
awaiting results OF the crop. The little trad
Ing done today was by scalpers. The govern
ment crop report received by Cargill q Rich
ardson is as follows: Complaints OF she'd
ding continue from the central and eastern
portions of the cotton belt. and while rain
has improved the condition OF crop in the
Carolinas the excessively heavy rains in
North Carolina have proved injurious. Good
growth Is generally reported, especially by the
central and eastern sections, and a RUE
the crop is fruiting we'll. Picking ia well ad-
vanced in portions of Southern Texas. in
which State the general condition OF the crop
Is promising.
All spot markets closed at unchanged prices.
Houston was dun; no sales. Galveston dnll;
SAFES IA bales New orleans quiet, sales $50
bales. New York quiet: sales 1850 bales, Of
which 26 were for export, 52i for spinners and
1920 for contracts. Liverpool was quiet;
sales 1000 bales, of which $500 were American
Liverpool futures opened quiet and I'M
changed, ruled dun, unchanged to point
higher for August September and September
October and closed quiet at these figures.
New Orleans opened quiet and steady. I'M
charged to i point up. rule TO points
lower and closed duh but steady, to ? points
net loss from yesterday.
New York opened quiet. unchanged TO 1
point advance and to points lower, ruled
quiet, 1 point higher to l point down, and
closed quiet and steady, unchanged to / TO 3
points higher, being unchanged to / point
higher than yesterdays close.
C0rg!n & Richardson today resumed the
issLance of their cotton circular, which is
fellows:
Commencing with this issue, we again. for
toe sixth consecutive season, come before the
people OF Texas endeayoring to furnish a daily
review of the markets OF the world combining
Ourselves as much possible to facts as they
are presented to us. Our best efforts viii be
directed to gathering and furnishing all news.
/ ne future course of the cotton market di
lectly interests every one In the South. What
DO you think of the MARKET is stpreotypcd
e@presson On the New York cotton ex-
Grange. with few exceptions. this rs answered:
LOOK for lower prices, or believe "JHuuarys
viii sell below Sc" The same ieoling exists
In New Orleans aud as a rule ali over the
south All they see Is another bumper crop
AID lower prices. This bearish sentiment ex-
lists to quite an extent among Southern spot
buyers, who have sold forward shipments of
oUtton which as yet Is hardly In the bloom,
and experience has taught us that August is
tritical month. The writer recently enjoyed
a daylight :ln over The Southern railway
through North and South Carolina, Georgiu
and "a part OF Alabama, aud saw a pretty
stAl.c of cotton averaging ten TO fourteen
hes In height Fine rains were fsiiina all
along the line, which insutcs q good grUwth
Il; least for awhile In Texas cur advicps are
most ilatternS, although sections are being
devastated by pests. Conditions today Ger
'Rinly warrant: another large crop, but no
more to the acre than the Fast two seasons
Tie government tells us that the acreage, is
per cent less than last year when a crop
IL round figures of 11,l5o,J00 bales was mar .
keted. Allowing that 1t ia only per cont,
Which Is certainly low enough, We can lake
from last year crop 551,00O bales Fertilizer
dealers in the old States estimate the de-
cIcAse In balls from 1000 to 600 on their
rIdt ced sales this season. Say only 5j0,WO
then take off 10000 from the BTHzos valley
and We ind our crop about l0,00O,001 bales
me spinning Industry over almost the en-
tire world ia exceptionally good Europe con.
trres to send most flatterinR reports nnd one
has only to visit The old States OF the South
and see mills IN full operation, new ones in
course of erection and additions to old mills
In many instances. to know that money Is
being made Cotton Is unnaturally low, and
should the world realize that this crop Is TO-
600 600 bales or less we should see q bear
scramble similar to that of August, 1896, when
New Orleans futures advanced 40 points in ono
day Middling cotton is quoted In Now Or
leans today at 5Ac October contracts at J,iOc,
disparity which is unnatural
Today's cotton market was uninterostins.
Liverpool was unchanged on futures and spots.
lf NEW 1OEk some COMMISSION DuylUR ue-
veloped soon after the opening carrying De-
tober from 3. 6S to 5.li. but the rest of the day
was narrow, operations being confined to
scalpers. Weather map hot and dry over tho
entire belt.
Caldwell, Texas. August caldwell re-
ceived It's first bale OF cotton this morning.
II was brought in by Vince Beran, progress
sive Bohemian farmer. living four miles
southwest OF this place. II was purchased by
Herhst & Wndhousen. a prominent firm OF
this city. the price paid being l-i6c. to which
were added numerous premiums donated by
the different merchants, Two other bales have
arrived today since the first one, but none
have brought so high price.
Bryan. Texas. August bryan received It's
first bale this morning, 1t was raised by Tol
Smothers. colored, OF Burleson county. welsh
ed 500 pounds and was sold to d. s. Hart
representing s. Samuels of Marlin, for az
cents. He received several premiums on the
bale. Four other bales have come in today,
Wharton, Texas. August 1---Whartons FIRST
bale showed up yesterday Mr. L. Hebng OF
Waterhouseyille was the raiser II was bought
BY tho Wharton Gin and Milling company as
seed cotton at $3.50 per hundred.
Mouiton. Texas. August 1.-The first bale OF
new cotton was brought In today by NJ.
Novak. 1t was ginned by G. Bueschers sons
xltnIy iNThubt pUueUt tue Dult ut the rate OF
5L cents a pound. Dan Mayberry also brought
In bale of new cotton today and 1t Is learned
that there is third bale at the Buescher $
Sons gin
New York Dry Goods.
New York, August 1.Conditons In the dry
goods trade are on the whole satisfactory.
Tho market is generally an active one both
spot trading and mail orders being ON good
basis. There are weak spots In the market,
but they are rapidly being eliminated. Tho
staple cotton goods market is fairly active
Export goods continue TO be the object OF
considerable inquiry In all grades The mar
ket for brown goods for domestic uae Is Ia
fairly good shape. Bleached oqttons have
~ npAA paA In fr<.a Ia,