The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-01-11

MERCHANTS WANT lowtRNrtRtsr RATES
VvIth slx Per Cent mn the Maximun,
Money would he. Invested In Fac E
tories--Nctcs About Trade.
once Of Tn. Post.
Houston. TUESDAY. January 10


Houston TUESDAY. January To-
THAT editorial In The Post recommending
the establishment of small factories with Iocsl
capital, said prominent business man. had
tins right ring We are asking outsiders e
nut their money Into Houston enterprises and
src asking congress to give us deep water.
II the outsiders Hnd that our own wealthy
men have no confidence in the town, how can
Ne expect others to have faith In onr indus
tres,
but q great drawback Is the high legal
rate OF interest In Texas. Every State is re
ducing tho rate and " Texas expects to keep
w with tho procession We must get cheaper
money Six per cent ie ample. With money
at per cent instead OF 10 and IL, capital VIII
dow Into manufacturing enterprises. Our rich
men are not philanthropists. They want their
cent per cent. and so long as they can lend
money at 10 and IL per cent they viii not pro-
mote industries that would build up the com-
munity and enhance the value OF their hold
ings.
"Ftom merchants standpoint We need
cheaper money. The margin OF profit conf
pared with few years ago Is cut In two-n
fact. ir staples there Is hardly any margin
consequently we can not afford to pay the
rate OF interest asked for accommodations.
The Ligh Interest charges is serious draw
back to all Industries. II we want factories
WI must nave the way for them by getting
ffc legislature TO fix the maximum ratio of in
tcIest per cent. If you will look over the
neld you will that in all the great manu-
featuring States money is cheap
ChicnSo country Hides.
The Shoe and Leather Review says: The
market continues steady ard strong at tho
prices established carly In the week. TRANSACT
tong are made as soon as hides are offered.
& but no trading is being done for future de-
livery. The Milwaukee tanners are appar-
4 emily out Of the mnrket and buyers were only
such Az needrd hides Immediately or got spe-
cial selections.
No. buns. 80 TO so pounds, free of brands
4 sno griIbs two cars sold Wednesday at 9Tsc;
later two cars. so 10 SO pounds. were taken al
the same price. Ths second selections brought
No. extreme light hides. 81 10 40 pounds.
&c steady. Two cars sold At io'.c, with the
ins 10ifc and aa,c for both selections.
No. ! native steer hides, 90 hounds and over.
Tree OF brands and srubs. are tnkcn In small
wsy a. lHc With Sc paid for the seconds,
No, heavy cows. 80 pounds aud over. free
q brands and sruhs, are stronger Sales were
seconds Holders are asking ise more.
but m transactions we're made nj more than
the rrices obtained Tuesday.
Branded steers and branded CONS remain
nuotablt nj sisc IA, and are without demand
Bull hides are steady, One car lot bro,gh,
s5sc dat Thursday and more arc offered At
tbe same price No. is are held at PC. while
cbcice spreadtts arc held at aLc Holdings
are limited 10 small lots
wanted; but tanners will not meet the views
~ fhr dealers. who are boiling city and coun
tt5y skins % the same basis and are ASKING
sales Of country skins 12isc and lie aud city
skins al f2sac. and illtt,s
peacons under ! pounds ire auotablc at so.n
ite tn k..,n la ~.
esid AZ eI,smIoc each. Sunks are held ut q
Horse hides arc s,cndy and UNCHANGED ana
arr moving in small lots NJ So. each
kirs, y TO = pounds, are dun but steady
and nrchhnged We quote them at lie ana
Canned Goods.
7hos j. Meehan Co. OF Baltimore say OF
canned goods; a stronger market for tou,a.
toes VAS the feature OF the opening week Of
the ~ year. The orders came from markets
wide apart. which indicates flint ibis u5,rLo |
~ tho source 81 supply ut tbs presen, prices |
There Is a smaller stock OF gallon tomntoos |
ilsi Is usual al this time III tho season, ana |
- anticipated shortly kcsp yourselves in !, |
comfortable position on tomatoes for the re-
hsihner Of The winter.
Trsac Notes.
Ar sdyanrc OF cents has been made IN
sssrct1 wire and AZ soon as the trust gets I'M
Cotton seed oil Is very Arm. with an nm
ward ttndcncy ''
Inets is no demand Tor eggs and prices are
easy at isaisc per dozen.
Butter is weaker. Elgin is selling al s3,sn
!. Al Kinds Of poultry are in good demand ana
NH prices are paih 'o'
Arrivals 81 new stoct Spanish ohyos ore
psss ss,sa s sesps ,s' end q this month
srot are small and while the demand ia moi
urgent. higher prircs are being obtained.
~, sss renor'od in Nov York that some
s.s MI ca pado psskers had made price ot
PACK Only limtsd quantity, n IL undcS
; t.'Uu wss onered al this figure and il Was
test the market simply W
Y. lrh san Francisco, Trade Journal snys that
sns,s ~ CONSIDERABLE quantity OF raislns Of
sssns ou, rs the quality is below that OF the
lievss. however, that all kinds. choicc ,nir
IN loor, VIII go into consumption before an,
HOUSTON WHOLESALE PRICES.
for Round Lots OF staple
Z These quotations are revised da,,,
n, ~, epsns.s can be relied upon The priees 80
'ioee fuiins Ia Houston Wholesale MARKERS
HEAVY STAPLES.
5MsslMuNlTIoN- Powder, per ker. "a nv,
~ 81 blasting powder, $l.s5 per Reg ,pon Z,
not o. 1 Per sack. $50; buck, si.S5. ~ ''op
ssu.5: bowed higher; smoked saSss ST. 81
~. ~. ~ !9tAc: New York fait bellies, nc.
SXc gu 9s'a SSb s %iRs.L.,s ...n s,
NV Rs Arrow s.slHs, .ls ss ssle' 'As; sss
~ 1IS .sI.i si,s wraGvea Sssis ~ ssan
coFFEs Rio and c ri n'nne1 osa,,o. "a,
\ on prime ssasas choice. iSs; fancy s.r