The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-06

Yesterdays bank clearings were the largest
in the history OF tho city, being over 81 co.,
000. The heavy movement was not due to
any initiation In city business, but was
ascribed TO tho fact that the interior banks
aud merchants had drawn heavily on Hous-
ton This is n good sign. II means that
the country bankers anticipate big cotton
movement and there is no better gauge on
the cotton crop than the cowntry banker lie
advances money on the crop all through
the season and when he draws heavily on
the reserve FUNDS in the larger cities 1t Is
because he sees big CROP ahead. Hous-
Texas will naturally receive the benefit OF
the big crop. In fact, Houston is the largest
Interior cotton market in the world so far
ms receipts are concerned, although, OF
course. under the present commission law
great deal OF cotton which should DO COM
pressed here is compressed In the interior.
Nevertheless the outlook for business this
fall and winter is excellent and merchants
are IN good sprits.
With the opening OF the cotton season
thousands Of men are put to work in the
railway offices shops and different depart
monts and In tho oil mills which work up
the cotton seed. There are now two of
Houston's big oil mills Mt work and about
the nth the Consumers will start up. The
nav rolls OF the oil mills are quite an item
10 tho merchants, so that the resumntou
OF the oil season is a big factor in trade.
SubdlS arc extremely Hi1n anu 1OnDerS eN-
pect an early advance. The supply OF raw
IS extremely limited and the canning sea-
son being under way the demand Is I'M
usually brisk.
owing TO the trouble in China tea Is com,
ing from Ceylon. The Ccylon and India
teas arc the best grown and command the
ton prices.
Cheese is extremely firm and although pres
emit prices arc high further advances are
, looked for in the near future.
The New York Oil. Paint and Drug RE-
norter thus sums up the cotton seed oil mar
kot;
The uncertainties surrounding the crop
prospeots at tho close of our last continue.
though private ndvlces from some ccnters
give more hopeful reports. In the Atlantic
it Is reported that SIG has been paid for seed
while in the valley SIS TO $40 Is asked A
letter from one in the Atlantic. who has
been looking the situation over, says: mo
decided changes In crop conditions Ala-
hama has had rains, which have improved
conditions locally. The Indian Territory j.
suffering badly for rain. Reliable informa-
tion from Mississippi indicates that the crop
is on from one-fourth 10 one-third this on
account OF too much rain in the past bad
STANDS, weeds, lack of cultivation and all
that kind OF thing think YOU can nut II
least 20 per cent" Discourdging reports to-
day from Fort Smith. No rain for weeks
! Cotton drying up, same from Indian Terri
| tory. Another writer from Texas SAYS. Il
have been taking N run through a portion
OF the state to look at the crops. | think
the question ~ damage TO the crops on ac-
count OF rains, ana consequent rapid growth
OF the plant. have been overestlmated and
while 1t has undoubtedly been severely in
! lured in some localities the area Is very
| small. At present the indications are Tor
dry and warm weather, and II this does pre-
YAH the situation Will be much improved In
| the next two weeks. or course Won fully
understand that all crop estimates are mere
| " guess work but | am endeavoring 10 pro-
| vide for NV next winters headgear, by be.-
ting that Texas will make ne-fourth OF
million bales more this year than she did
inst. IN the southern nart Of the State nos
| Hibly % per cent OF the gins have started
The seed Is In very bad condition owing
| 10 too much moisture. and heat very Quickly
and Will not stand storing ~ ALL The mar
Ret opened at $40 per ton ( o. b. point of
Shipment. and has advanced already 10 So
, How the mills can make any money out OF
seed Of the present quality. at this price
with the prevailing market for products is
more than ! can figure out and while the
MUS appreciate this fully, | have not been
able TO find any OF them who expect IN ne
able To reduce the price In the near future :,
The thture or the oil market may be summed
up in few words. Il all depends largely on
iha price for tallow and lard.