The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-18

pa In some cases the amounts
", as to excite comment. 4
~ ,,ds there Is no great demand
~ r,t now. Business conditions
~ r, rood. but the big cash bal
4 IN, in the banks just the same.
~ assy TO find a reason for this
sSairs. IL is likely, however.
.o.i important factor In the
!. no comparatively slow move
cotton crop. Usually at this
,ha year the staple Is being
y : ,oorn,ous quantities ana cash to
4. ron is In great demand.
-, As to the cause of the small /
AMER very considerably. One
.t, honest. well Informed and dis
sin tell the seeker after In
NAT the crop Is short and that
.- ~. movement is entirely common
~ NE crop. Another man. equally
rsn Informed and disintcrested, (
..,,,r when questioned regarding the
~, The cotton is being held in
.,,ry and that the SLOW movement
4 ,.isuisble to this fact
y \
..-,,,, Al this may he, the fact re-
~, so far as Houston banks are
.,,a me demand for money from the
l, by no means as large as usual
n. t,ma Of the year Reports Of the
q A,acsr come from the banks OF
q !. \ ne larger cities and towns Of
81 prs Assuming that the reports oil
a I. Ming held are true, one must con
Il I. nn the financial condition of the
q -, who are doing the holding must
. .-r.ntly favorable, for It takes money
4 M cotton. on the other hand, II
4 nm Is really very short, the cotton
i ,,n still have the proceeds of last
4 !, bumper crop, which brought good
4 "a to fall back on
,rr,l local bankers on whom a rep
h .,uire Of The Post called yesterday
,yssd the opinion that business con
Ii, generally speaking, were never
h. The lack Of demand for cash is,
n v,r,s not altogether satisfactory, but
Il absr features which figure in the case
n Ills 10 a considerable extent The
,sons Of the wholesale houses of the
Il, I'm an infallible index as to the
Il ,atlsn Of affairs In the interior anl
B . more than one source comes the in
#.idon that collections are very good
8ta In fact one Of the biggest Of the
si wholesalers informed prominent
&ctg yesterday that collections Just now
j ktter than ever before Country Gus
1B are not only paying current ac-
sss as they fall due, but are also wipiug
aA scores. This may be regarded as
&IaJ favorable Indication.
A'ahel feature that tends TO show that
damage done during the past two or
r. years by insect pests, storms,
TAs, etc, have not affected the people
d tbs section as seriously as is generally
Erred Is 1.-The condition Of the farmers
n reference to mortgages. An unusually
10 humber Of mortgages have been paid
q eung the present year and in this re
~ TIE country is perhaps better of
n has been for years past When
tlt's begin to lift their mortgages other
faaattOry Developments may be looked
ne movement of oil from the Beaumont
a doing something in the way of
lAainlng the activity of the local tinan-
world but Of course the absence of
Saai large movements Of cotton coun
- 'AlS' and more. However, the de-
'pneht Of the various fields, now that
p'0n Is thing Of the past, can not
4 Nsafdet as anything but favorable
'pe Trading in rice lands and other
STATE Is also a factor which is help
General conditions.
~
worst feature Of the whole situa-
T" iar as Houston proper is con
- aeS IN the fact that there is a
~ cement In the city which. although
as plenty OF capital. refuses TO put
= II 10 circulation under any circum.
4. The result is that the younger
es hide'bound generation must be
= 70 promote new enterprises and
! q The many things that are to be
4, ~ Of the Weather classes in a
we OF Houston. The claim may
,uat this younger element does not
~ 'ae capital necessary to do the
va. they should do and would Ike
so,a. ms really does not alter tue
AZ materially, for 1t is a well known
20. lAere is plenty of money in the
,8r,- - north which Will be available in
& sna throughout this seclon If
a, W so'ld men Of the community take
l,,s,. 'llselyes to assure the foreign
4, - mat their Investments Will be
- appear to be rather broad
y n,t,' out there are excellent reasons
h., i, u While in the office Of the
n p. OAs Of the local banks yester-
b. 49,, representative was shown a
b. NJ, Prominent New York CAPT.
rosa 'elt a banker, which. in a very
In, slowed Just what the situation
su,,s. ~e lines Indicated. The letter
N, teelted that business man OF
s5a !. 4a'ie In New York recently had
vs0s 'ae writer Of the letter about
''u,nss. y opportunities for profitable
L see,,.s offered by the rice industry OF
s,,a ~ The writer wanted more In,
u g,I,' y the subject, in which. 1t was
n 49, shown, he was more than a
d ,.,'ed' He went on to say that
b !, 1 were not too high he and
pscssa,.as associates. would not be adversl
ps,a, lg some rIce lands in this sec.
u Va. as an investment. The de.
Ra.p,s az left in the hands Of the
|asa % whom the letter was ad.
h - ior several sermons may be
sl,s,,' 'aat letter In the FIRST place
s'at.l'rtn Effects Of which follow IN,
plor'. o. the town by citizens who
H. sung elsewhere a. t,,ur. der,.,,