The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-14
FUTURES WERE LOWER.
Influenced by Discomaging Trade
Conditions.
GREAT DEAL NEW COTTON IS MOVING,
Governments Weekly Report BuIlish on
the Texas Crop--Some Gloomy
Dispatches Sent Out.


The tables turned again yesterday and In
the revolution the bears took command Of
the situation and ruled throughout the
day. The trade tendency for the mo
ment was dscouraging. The Fan River
manufacturers had decided on the wage
cut at their meeting Monday, and anti
cipations OF the strike at the splndles de-
pressed the buying outlook. Reports Of
injury were again In the air. These allie
cations, however. did not cause as much
concern as the prominence of new cotton
In the present movement. and 1t Is evil
dent that many Of them are received with
hesitation. Not much was heard from the
English spinner and probably he regarded
It as a time when silence Is golden"
These considerations led to decline
which was most pronounced Mt
F, the opening. The government gave
abe weekly statement OF affairs
in the crop belt, but the effect
was not extraordinary. Conditions
were shown to be improved except in
Texas, where the account was not favor
able with the product as 1t stands In the
Lone Star attracting most attention
values reacted When the document ar
peared, then eascd again, closing slightly
ahead n the first prices
Liverpool was wayering Sales on the
spot amounted to COCO bales at unchanged
quotations ON the final call deliveries
lost from i In i64ths New York contracts
started 6 10 10 less than on the night be-.
fore and went 10 the lowest mark in the
first hour. Prices then Inclined on the
August option and to down on the
other positions New Orleans opened 3
points behind on August and from TO II
OF on the other months. Values quickly
worked back from to points on the
new monts, ana did not change much
from this level during the day, closing 10
points down on August, Z less on Sep
TENDER and declining points on the rest
Of the list. Sales ON this side amounted
1854 bales and quotations stood the
same
The outlook In the different states was
summarized in the weekly bureau report
us follows:
Texas Cotton doing fairly well where
rain fell; whore droaih prevails II Is fail
ing fast; complaints Of shedding, blooming
40 TOP and premature opening, picking
general, except I'm Northern counties.
Louisiana. Cotton doing well over inc
southeastern portion and along the Mlssis
sippi river. elsewhere the crop needs rain
Nest Central parishes.
Arkansas. Cpdiiion of cotton IS genor
n1y fair 10 good. Some complaint of shed
ding and damage by rust
Mississippi has stopped growlnl
and Is shedding bolls on uplands In mnn,
northern counties, but Is doing fairly wei
on low lnuds: very promising in south por
tion although few damaging features
well frulted and Ia beginning TO open.
open picked; condition generally satisfat
tory, though reports Of rot, rust and shed
ding are more numerous.
Georgih.--Cotton Is In fine condition g,
cept where damaged locally by rust an
shedding; In southern counties too niue
rain. has caused rust and shedding In son
sections, but the crop Is frultlug heavi
and opening In numerous localities
Florida. Cotton shedding In some Sc
tons; suffering from rnsti bottom ere
short; cultivation Is fair; picking qui
south Carolina Cotton now has IA
growth and is we'll frulted with little rus
ice or shedding some fields are ven
fine and the earliest planted = opening,
North Carolina Cobton imprnycdi TIN
ly boiled. but holding fruit we'll
Tennessee. cotton news,
Oklahoma. Local rains continue to In
prove cotton; boiling aud frullng well AN
generally in good condition.
The movement was tribe smaller N,
receipts az all ports for the day were BIS
bales compared with 81 for the same da
of last year Since Friday they have bee
70s0 bales against o06t for the same tin
OF last week. and 1908 for the correspon
ing time Of last year. Thus far in the Sc
son they have been 7,43S, 1855 bales con
pared with 64I3,03t for the same tin
of last season. Since Friday exports han
been 2S,4O6 hales compared with 2i0I
for the same time OF last week and I56S q
the corresponding time Of last year Siu'
at United States port for the day WI
279,oo3 bales against 3lA.Sa7 for the san
day Of last week and a5,Ss22 for the CO
responding day OF last year.
A wire Of gloomy tone from Dallas sal
81 think rain did little good II any sor
claim damage, as 1t makes plant she
another from New orleans said, TEX
crop failing fast as drouth continues.
The following private dispatch was /
ceived from New York;
PLENTY OF limited buying orders
market for October around 100 FAN Riy
dizziness, and rains In Texas caused {
cline In Liverpool"
Rain reports and amount o. the +
were;
Wilmington, os; MOBILE. .os; Knoxvll
12s; New Orleans n; Nashville, L
Shreveport, 06; vicksburg, 80; Fort Sml
II: Vieksburg, 00; oklahoma 90; Ahilel
.OS; Ballinger, 90; Weaiherford, 10; q
Waco, Il.
The range OF prices at New York n
New Orleans for the active months "
MS follows;
New York Open. High. Low. Gloss
January .m..,,. 1927 1888 7,2G 7.27
New Orleans
o SaaSsry 'lla2 7 rs SIS 7 si5
Careil & Richardson's Circular,
houston, fexas, August lS.--IAyerp,
was n. disappointment TO the bulls tod,
closing to sisefth lower on eontrac
In sympathy with this aud some scatter
raIns ia Texas our markets opened
points lower and ruled quiet and %
nntil the weekly bureau was issued NJ
was bulllsh document for Texas a
caused liberal covering by shorts, hut
market did not have much snap aud W