The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-19
WEATHER RULES COTTON.
The Market Advanced Several Points
Early III the Session.
DECLINED ON RAINS IN NORTH TEXAS
The Continued Dry Weather Is Having
Bad Effect on Plant in
Sone Sections.

Liverpool advanced prices 3I5 to AGA yes.
terday on contracts and 1-16d on spots,
with sales OF 1000 to spinners. In the Amer
lean market there was good advance early
In the session on continued dry weather in
Texas During the afternoon rains were
reported in the northern part OF the State
which brought liberal selling, and the mar
kct declined about IL points from the high
est, closing unchanged 10 . down in New
York and 4 10 lower Ia New Orleans.
Spots prices were unchanged at all points.
The market continues 10 be a weather
market, and Is easily Influenced one way or
the other BY conditions prevailing In the
cotton belt.
New York house wired cargill & Rich
srdson at noon: Opening prices showed an
advance Of l to points, few buyers ap
pearing and sellers Withdrawing because Of
dry weather ia Texas. Bulls Of course.
were making the most OF the drouth there,
and II is = question TO what extent the crop
SO far has been injured. II must he con
cedea so far as Impressions go that there Is
less pooh pooling the effects II the drouth
than heretofore. This Is quite natural, OF
course Every days further delay In rain
strengthens the position OF the bulls
but It would be surprising II fol-
lowing fhe first effect Of big rains
there would not be serious break
IN the marke independent Of what
that rains Of magnitude had failed 10 re
pair me damage already inflicted. No
rain in sight for Texas up to noon.
Mcintyre & Marshall Of New York say:
The situation and outlook depends on
whether good rains occur in Texas and the
middle portion Of the cotton belt In time
to prevent serious damage. Thus FAR the
injury inflicted by the drouth In that sec
tlon Of the cotton belt has not been such
that It can not be repaired to great extent
by coed rains. We have seen such a drouth
before as now exists. followed by good
rains in September which revived the plants
10 such an extent that a good top crop was
produced when hope Of any had heen prac-
Ideally abandoned
The question Is what sort Of weather are
we going 20 have during July and August
The crop is made in these two months
This has become an axiom I'm the trade,
The right sort OF weather would add many
hundreds Of thousands ~ bales 10 The
crop Iu the main what is needed Is dry
weather crsL Of the Mississippi and rain
n the westward, and who can say that we
ehall not get tg The TryHs drouth car not
iasJ forever, the reaction which we see iu
markets also takes place in nature. Drouth
must be followed sooner or later log rain
fab a. make the rafa deficiency good So
with heat. there must be q certain amount
Of a. n there Is a deficiency it SIS made
goSd: tbe cold JnnA here this year was fol-
lowed By semi .tr7pieal DAYS in me begin
ming or July. We may reasonably expect
then that Texas rain deficiency viii be
made good during jug OF August or ar
any rate thBt there Tiil b. enough rain 10
materially bencnt the plant.
Hubbard Brothers s. Co Of New York;
with considerable cotton pointing this way
land 10 be teudered-curiosity has been
much excited az 20 the ultimate tendency
Of that posluon and Of August. and with
the gradual liquidation OF the July delv-
cries, It's price has slowly receded, keeping,
however srln ar substantial premium.
The Grade Is mysrihed al the position and
awaits further Developments. with The
dwindNng Of the market TO small proper
tons come advices Of decreasing trade 20
spot markets.
Little Rock Cotton in Arkansas in very
bad shape. Can only mako a poor crop,
even under future favorable conditions.
Fort worth-Plant very small md bloom.
iug at top, but Texas can promise less and
pay more than any state 10 the Union.
HiIlsboro.--Faruser In today says cotton
last few days turning yellow aud shedding
forms and leaves.
Tho range ~ prices NJ New York and
New Orleans for the active months was
New York Omen. High. Low. Closed
October .....- 774.75 7,s8 no ION
New Orleans
o osSss 49,. 7.55S S.SSl 7.SSS5 1850