The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-02
COTTON AGAIN LOWER.
Liverpool Spots Down Nearly lid 10 the
Past Two Days.
NO SALES IN LEADING AMERICAN MARKETS
xruturer Declined in New York and
New Orlea ns--Prices Out of FAR
ity--Texas Crop spotted.
ONCE Of The Post,
houston, "wednesday. August /,

houston MeuIeSuals ANh"Sh -
Cotton declined today, as It has been doing
for few days past. and with no special rea-
son given. except that taken as whole, the
weather map showed favorable growing con-
ditious. On one hand there is absolute fam
Inc In cotton. and on the other hand the
cotton world is confronted with the fact that
tn. Chinese complications are OF serious
nature. that the Lancashire and Manchester
districts are shutting down, and that all dry
goods markets are dull.
1t has been many years since cotton brought
good prices all through the season In octo-
ber 1890 the last l0c quotation disappeared
End did not appear again for almost decade
or until early last month. The high prices
for July in New Orleans were strictly OF a
manipulated character They were entirely
out Of proportion to other options. II not
then all other deliveries are not as high as
they should be.
In Houston spot middling Is today 9a,
against 1916 last year, or 9 7-l6 higher.
The question presenting itself is can the
present basis be approximately maintained
throughout the coming year?
In New Orleans there is rather anomalous
condition. August deliveries closed today at
9.l3-i4. "a against spot middlng at 10Ac, a
difference practically of IL points in one
sense.
Another peculiar feature IN today's spot
markets was the absolute apathy. Not a
single bale ives sold in any American mar
ket OF any consequence, nor was there any
changes in quotations except in Houston and
New York, and the spot markets are fur
Their out OF parity than in 1895. when for a
time Houston was the highest American spot
market
Yesterday Liverpool, on account Of the light
demand. knocked $500 on spots, and toda!
reduced them another $500. with sales o
GOO during the two days,
W. b, Ctarkson. OF Clarksou & Co, hai
Just returned from trip covering all tn
neart or the Texas cotton growing counties
10 The Post representative he said.
Crops this side OF the Colorado river q,
not look very we'll. They are suffering iron
TOO much rain; but from there to San An
tonic they are in excellent condition although
the plant looks rather rank and is not fruit
ing very we'll Crops in Central Texas ar
very irregular, but with favorable weathe
from now on viii come out all right. Tn
only poor crop ! saw was from Hearne dow
On the Houston and Texas Central railroad
which will require not only favorable weathe
but q late frost to make a good yield.
did not see an open boil on my trip, an
from conversations with merchants and gin
ners very little cotton Is expected 70 be mar
keted before the 10th of August IN Southwes
Texas and the LIST Of September In Contra
Texas. The general opinion seems to be tina
tile crop is FULLY two weeks later than las
year"
Futures closed unchanged to 1-sa off !
Liverpool New York closed with Augui
down IL points, September IL and otnC
months to points lower than yesterday
New Orleans futures closed with August dow
10. September is and other months 1ea
points down.