The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-08-10
COTTON WAS HIGHER.
Spot Improvement and Damage Re
ports the Cause.
LARGE MOVEMENT FOR THE WEEK
Some Estimates Of Injury in Texas Crop.
About the Textile Situation--WeeEdy
Cotton Reviews.

ditions confronting the plant and It's dis
posal, and 1t was time for some turn OF
afa1rs from a course not better Justified.
The spot demand presented more en-
couraging spirit than has come from the
takers of the raw material in month or
so. Manchester was early to give voice TO
this fact which. compared with the cables
OF two days ago, II they he rightly re-
membered seemed a bit contradictory. The
spinners OF the European continent were
active In a buying movement, and Calves
ton added TO the prevailing sentiment with
the following wire: Increased spot de
mand; factors refusing quotations" More
crop damage reports were heard in the
circles OF the trade and they were generally
more serious than any yet received With
these Influences TO support them 1t was
easy for the bullish inclined to score the
honors Of the hour and finally prices reg.
istered good gain over the session of the
previous day.
Liverpool led the way to higher mark.
Sales on the spot amounted TO 5000 bales
at quotations 1921 better aud still mod
crate demand. Deliveries climbed to
b-e4ths toward noon. but In the net result
there was only gain of 1 TO 3.6iths
New York started out to points ahead
pf the close at the night before. FInctua.
lions were the order till after the noon
hour, when the prices went upward again,
netting an advance of points on August.
and ginning from to 10 on the new month
options. New Orleans opened 4 10 points
higher, remained very near this level. only
slightly lowering in the morning increased
] TO more in the afternoon and Mt the
last call was points ahead on August and
October contracts, S better on September
and up on the balance OF the list. ON this
side spots changed only at New Orleans,
advancing lice. Sales at the American cen
ters amounted to e103 ba.es. Nincty-two
new bales have so far been received at
Houston.
The movement makes a favorable com.
parlson. Net receipts at all ports for the
day were SIS bales, against 2i99 for the
same day of last year. For the week they
have been 1SO13 bales, against 23.O24 for
last week and All Tor the corresnondtnr,
week Of last year. TAus fur In the season
they have been T431,1OO bales compared
With 6.435,SGl for the corresponding time
OF last season. The weeks exports amount
cd 70 4l.64l bales. compared with 4O7S7
for last week and 6501 for the same time
OF last year. Stock ut United States ports
was 2g0,S29 bales, compared with 334 ib7
for the same day OF last week and 9S.5l3
for the corresponding day OF last year
The decrease In stock ut the ports for the
week Is 34,32s bales.
Estimates OF actual damage to the plant
in Texas from drouth and Insects are being
made In some localities, but very few have
been made known to the public from re.
liable sources. on this subject the follow
Ing information was received from a DaI.
las correspondent.
This is what / get from reliable parties
who reside IN respective districts:
f'teleste.-C Cotton opening rapldly: will
not make better than average crop with
most favorablc conditions fully % per
cent short Of last year
'Greenylne.- Cotton opening rapIdly, cron
% TO 30 per cent short Of last wear
"Garland.-Crop damaged by drouth, will
make one-quarter to one-third OF bale
per acre.
Kaufman Crop damaged; fully 85 10
40 per cent short OF last year
kemp.--Crop % per cent short Of Inst
year. Plant not doing we'll.
Gordon'--Will not make MS much as last
year plant doing fairly we'll
Lebanon. Plant suffering for rain .,
per cent short Of last year.
Hutchins.--Crop cut short by drouth ;
bottom lands doing fally well; they viii
make average crop; upands win be 80 per
A wire from another at Galveston said
- consider crop damage underestmated
as Bastrop and Seguin."
The movement at the principal interior
towns (2o) for the week and comparisons
wasi
$3.50. 1901. 1900. 1899. 1898.
shipments -. 1o,7is 4sis 1o1ggS99 II G' III
stocks ......l41,7o6 45,295 2l7A36 1lO,o17
The worlds visible supply decreased dnr.
ing the week 12293s and indicates that
hot ne .rat IN.
heavy stocks.
The Chronicles figures VIII appear today
and In a market of diversified Views may
have some bearing In the proceedings OF
the session.
The spot demand has not yet exhibited
unhealthy symptoms. Or the situation
Wednesdays New York Commercial saws.
while demand for both gray and fin.
ished goods were of hand-to-mouth char.
acter yesterday a larger aggregate business
was done than on any similar day Of re-
cent weeks andthe indications OF steady
Improvement In trade were more evident
The break In cotton had no influence on
the market and II Is becoming evident 70
most buyers that mills are too well sold
aud that stocks are too small 10 allow goods
prices to be materially affected by cotton
fluctuations. The possibility OF strike
at Fall River counteracts the naturally de
pressiye effect Of the proposed reduction In
wages. The probability OF an early increase
In the China trade is one OF the most buoy
ant factors ia the market"
The range Of prices at New York ana
New Orleans FOR the active months was
rs follows:
Ss zus 1stA ...z 4s-ia 7is zls Iss s
October ....7 1920 7.24 7.l9 7.22-2s
New Orleans
August .1,ISb z. 80 III z. 19.S0
October ......7.0S0 90 I'll 7.Of T.10I1
Caruill g. Richardson's Circular.
Honsion. Texas. August 0.-1he bnlls were
well in control Of tcday's cotton markets
aud. while the net improvement IN prices
was not very great. there is no denying
the fact that the undertone was better
than Tor some days past Liverpool start
ed the hail. prices In that market at one
time showing an advance Of 10 5-64d on
Contracts Later, reaction set IN. hnal
leure9 being 10 sod highe than yes
r1ay. Bpotg were ia moderate demand
1.31 advance. food OF crop damage
eporis were sent IN from this State prln-
paliy from north and central portions,
heeh Influenced some Investment buying
we'll as shorts covering. New York
fned about points higher and further