The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-17
COTTON CLOSED LOWER.
Weather Bureaus Weekly Report
Showed a Good Condition.
TEXAS MUCH BETTER THAN EXPECTED
Liverpool Started the Downward Move
merit on Selling Orders from New Or
leans and Americans Followed.

The weather bureaus weekly crop report
on cotton was considered by the traders
much more favorable than they had led
themselves to expect and there was a
downward movement from the opening In
all future markets, accumulated when the
report was finally issued. Texas was mdci
better than any OF tae utLrrs, ngd irst
now Texas Is nearly tho whole thlns IN
Gotten NO rain reports yesterday.
The opening at Liverpool was quiet at a
fraction better than yesterdays close but
this advance ana biz mare was lost be-
fore the noon call, when the market was
barely steady; from the 2 p. m. call there
was considerable activity In July. Sepiem.
Der and October, the tendency being decid
edly downward md iuil point WAS ut
from the opening for nj months. The
close was steady at the decline.
The opening Of New Orleans was Affected
by the conservatism II II 'estcol aud some
short selling the .ro-' ms icing % to .
below tho closing Of aoudqy The govern
ment weather reports were regarded a.
being bearish Ia their nature end the mar.
ket broke 90 points from the opening.
though the reno remained 'icadv: Tie
more the conditions were studied tho fur.
ness was done. All 20 o'o.r ras rs TO
20 points worse than the opening mad L. 10
- uhutF last n'bht
New York's opening WINS steady at
slight loss from Mondays ctonnv but Tho
action az Liverpool and New or cas- aud
the weekly weather summary ''r re ct.
ton belt sent thu market of "a at y onts.
except FOR july. 'snch close, ~ the neigh
horho9od Of the opening PRICES The net
q steady tone pre- lung at iue vinitn
Liverpool spots we're revised aud the 40.
tations gotten into line. the re'ter z AIDES
gaining 1-32d as o consequence Sew Yo.s
nud New orleans were each marked d wu
J 10, While Houston sud Da.'sstpn tltted
without change.
Cnrglli & Richardson's wire from New
York at noon said: when The market
opened today there was no rain 10 Texas
o. elsewhere. although the Indications were
for show ers in that State an the cotton
helt iu general opinion was mhfd al y
iucst divergent views ptr.jr"d ns td the
actual sitnnt,on. espgc.alr m Texas ahd
adjoining country. Tho -itrIt IA VAS CON
5eryattYely Cardnd as Ear from critical
md few account were az hand 81 aciud'
damage most OF them talking Of prospcc.
tive damage In the yeutt OF No end 10 the
dtoGth. Prices opened shade easier on
very little busIurs~ cables were weak on
Now Orleans settling az liverpool Final
cablas we're steady At unchaugei 90 point
decline; spots l-l6 lower.
The governments weekly crop and
weather bulletin summarized ms follows:
Except In the Csrounas and Florida cot
ton Is generally we'll cultivated, and over
the greater part Of the central and western
districts Is standing the drouth we'll, al.
though growth has been checked and fruit
ing at the top is commonly reported Cot.
ton has suffered from heavy rains In North
Carolina. where It Is making too much
stalk. In Georgia the prospect Us much
below the average and many fields have
Heen abandoned. In Southwest Texas early
cotton Is opening and some picking has
been done.