The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-31
HESITANCY AND DOUBT.
Neither Bull Nor Bear Seemed Willing iC
lake The Lead.
THE MOVEMENT SILL CONTINUES LIGHT
Futures Lower in Liverpool nAc
slightly Higher on This Side.
NeilI on the New Crop.

Yesterdays market seemed to be one OF
hesitancy and doubt. Neither side appeared
to BIZ able 10 take the aggressive although
there were little spurts of activity at times,
though at no time was either side able to
make much impression on prices.
August s dead as a speculative month and
the season Of 1899 1900 expires today, so II was
not to be expected that there would be much
trading, particularly in view OF the fact that
New York viii be closed Saturday and Mon
day.
Weather news is still unsatisfactory. Re-
ports are being discredlted and spectators
act on their own judgment more than on tho
rain OF clear reports. Certain Il is that
each side works the weather news for all
Il is worth and each side is inclined to OK
aggerate the good or the bad in the news.
The movement continues to be light al
though It is expected the September move
ment will be heavy. This may prove a dis
appointment. just as the August movement
has because few thought 1t would be as
light as 1t has been.
member OF very conservative New
Orleans firm writes; THE outturn of the
present crop has more important bearing
on the future course OF values than any
for many years past The reason Is obvious,
because we will enter on September with
tho smallest visible and invisible supply that
has confronted the trade for years; consc-
auently With the increased consumption OF
the world. and little or no reserve stocks to
draw from, It is requisite that n large crop
should be raised to insure enough to go
around and MI up the gaps left over from
the past season.
Many Of tho best posted people believe
that present conditions do not point to a large
CROP. Should Europe also become convinced
that the crop will probably be only moderate
and speculation enter. then higher price.
would in all probability be established. As n
IS now considerable doubt exists, Therefore
prices are swayed daily by weather condiuonl
and crop accounts"
Spots were up 1-l6G3-32d in Liverpool
while they declined Mc in New Orleans an,
l-1Go in New York.
Futures in Liverpool closed at loss o
2-CiGSGld.
In New York futures opened easy 2 to
points oil The opening was followed by con
siderable selling, but Inter on Freeman
Price's broker. entered the arena and starte,
Up buying movement which caused price
to advance and on closing near months wor
up 3 ana the rest Of the list / 10 points
New orleans futures opened unchanged u
points down advanced slightly at moor
End closed with September / point down an
other months . points higher than yestcr
Gay.
Following is the range OF prices for IN
active months at New York aud New Orleans
open. High. Low. Closet
}ss5s-s =" . :te-35 sa s # s ,,i
js5sssy T.. : ..is9 s s s .E .5-
A Timely Rain.
correspondent Of C1rgiu q Ri@harisor
writing from Ennis under date Of Augui
20 says:
From August a. to August % cotton In IN
section was shedding and firing and within
ct at alarming rate. and permanent d0mag
WAS done. But on the afternoon of the 2Si
we had heavy rain aud cooler weather ia
rain Will, on tho whole, be beneficial Tath,
than injurious. A week more OF the no
dry weather would have practically killG
late planted cotton and destroyed the POI
sibihty Of a crop from it, All this, no
withstandng much moisture In the group
The hot weather caused rapid opening. Picl
ing Is going on to q very considerable e.
tent Several hundred bales Will be +
ceiyed here by September l.
The output from early planted cotton he
will be fairly good and from some ho
quite good, while the output from late plan
ings Will be short. unless there should
late frost and favorable conditions in Il
interval. Late paintings embrace probab
one-half OF the acreage,