davidaulloa/AmericanStories huggingface dataset:
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
CONTINUED DECLINE in GRAINS
GOOD WEATHER REPORTS
WAS A BEAR FACTOR.
Wheat Was Influenced by Sharp Drop
in corn--osts Advanced Slightly
and Provisions Vert Higher

Chicago. october %. Lever prices ruled
Ip srpins today due principally to excei'
lent weather and general liquidation. De-
renilcr wheat clo5ed X iower; December
corn 4aMc lower and oats isc higher. Jan.
uary provisions closed from &c to lalac
higher.
Early prices In whea. were lower, ~
fuenecd by the sharp drop In corn and good
weather for til, movement, and longs
lqulGaled freely during the opening hour.
Good commission house buying on the de-
cline. together with the buillsh tendency
of loca traders caused an upturn. De
cember. however, was inclined to drag and
recovered but little Of the early loss. sta
tlstics were mainly favorable to lower
prices. December opened a shade higher
to isaiic lower, at 72lg9728c; declined to
7gikc and after rallylng to 72Ec closed 2sc
lower. at 72hG72Ac Receipts eighty
seven cars, three OF contract. Minneapolis
md Duluth reported Ct cars, making a
total for three points Of 100 cars against
TJi last week and 63S q year ago.
Good weather for drying out corn ana a
fepor. that q prominent operator had dis
posed II his December holdings CAUSED !
decidedly weak tone 1t the opening. IhCfe
was quite heavy selling pressure early,
hut offerings were well t9Een by commits
sion houses and brokers. 1t was rumora'
that much Of the buying vas for Inc opera
tor mentioned. aud this started shorts l.
cover Gfd prices rallied as q consequence
December opened BE to asc lower at 49SsU
1Okc, and before support WAS given tht
market the price had declined to i9lsc, bni
Il hrmer tone developed during the latter
rart of the day and sales were made a.
5UNc The close Wds hd9sc lower at 5Oh
6iluMc. Receipts, 22T cllsi thirty-nNe OF
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
Grain and Provisions Elsewhere.

Lard Refined fierce 79s; pure lard t1&
Boxed meats Dry salt shoulders 1919
sides 10 Bacon Clear rib sides 12%
Hams Choice sugar cured 13A@t414. COT
fee Rio, ordinary to fair, 6A. Rice
Screenings 23id3la; fancy head 5h66
Flour Extra fancy 3.55@84O; patents
3.75@3S5 Corn meal 300. Bran S0GfS2l5
Hay Prime 13OOd140o; choice 15.OO2,
1850. Corn No. ., sacked, white, 40
mixed 90; yellow G9}a, OOts-No. , sacked
So
Kansas City, October 2.--wheat- Decem.
Der 66Md669s; May 6S3s; cash No. . hard
go No. 3 67@671A; No. . red 67d8s No q
60a6619. Corn-October b0M; December
37& May 371sd37A; Cash No. 2 mixed
52d 5213; No. . white 57a5s; No. 56ia
Oats 40. 2 white 27i5m33; No mixed
3O@ 32l4. Receipts Wheat 76. 200 bushels;
corn 22,400 bushels; oats $1,000 bushels
shipments Wheat 10000 bushels; corn
6400 bushels; oats 10000 bushels.
New York, October 90 Wheat-Receipts
10000 bushels; exports 111,OO0 bushels.
Spot easy; No , red 7T3s elevator and 779s
@T7k + o. b. afoat; No Northern s2ss
I, o. b. afoat; No. l hard s37k T. o. b. aloat.
Hides Steady, Leather Quiet Cotton
seed oil-steady. Molasses Finn.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
WEAKNESS RULED IN STOCKS

OF the BROOKLYN Rand Transit gomp,fbn5tt
failed TO develop any denluhn yar M
stock western houses we're puS essyivsi
Colorado Fuel which suggested p lt'bpt
% tile recent tight for cOnttol ~ IN.
property. London ng3ln took .n nnat,43i
able view of Sew York monetary ~,
tons aud sold uuward ~ lOyVp shgI ~ an -,
hniancp II IL estimated that hV ~ w,
has tmiohded fullt, 1900 shares 9l IN,
transitional staelis III this narket a usin5
the last week The afternoon HSss'9,s
brought general rccoveries ana eltH "ssr6e
were. Tor The most mart wiued OUT -
strong features ~ the dav were Nog,u 49,
ern which made u good showing lgs az
tembcr. st PQul. Missouri Pncnc. ioi. s',
ST Louis and Western preferred. ? ;r"' -.
Colorado Fuel The weaker stocAs va
Illinois Central. Norfolk and western nun
Sloss Sheffield Among the dny ia,,t
able lpvclopments was the nnhouhVo' @
Of another imnurtation Of Zold troh cue
traiia eau loans were made hctWPvu =
aud per cent Time money was Qlolgu
at 9 per cent for an dates gp 90 ~
months. IL was DractielliV lnlpV'3,ini,s,
however, to get sixty or nlney'9ay ioa,is
az this ratr. Additional purchases va
bonds to tho amount ~ si.OO0VW nnt Nalue
were made by tho subtrcnspry. Inc latest
TREASURY report shows M increase Of 10
ernncnt expenses over rcceints OF h"'e
than S1.00O0Oo.
The bond market was very Irregular 20,
day. hut fluctuations were narrow anu
trading very small. Total sales par Naluc'
S1.1S5.0OO.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

a19sc. after selling between sic and $3.50
SLICE Receipts were III cars.
Provisions were somewhat lower at tnC
opcniEg due to lower hogs fut a good de-
mund developed and the market was r..
n.arkably firn considering the weakness IN
grains. The close was stc0dy. with Jan
uary pork 12Isc higher, ut SIS 6Tla; January
lard sc higher, at 50 o. and ribs &c to ne
highe', at IS. 21lA.
Estimated receipts tomorrow Wheat
eighty cars; corn, $50 cars; oats, 200 cars;
hogs 24,0O0 head
Cash quotations were as follows:
Flour-Steddy.
Wheat No spring 7115; No. 3 es671;
No . red 7Osd T1Ia.
Corn No. 2 &c. No. yellow 5si5
OatsNo. . 2S& No. . white 345sa35i5;
No. 3 white 90d32&.
Rye No. 496l 49H
Barley Fair TO choice mailing 46d5s.
Flax seed-No l lis; No. / Northwest
ern 122Ia.
Mess pork-Per barrel 169od1700.
Lard--Pcr 100 pounds 10,72hdl0.15.
Short ribs-Loose 1120N11.40.
Dry salt shoulders Boxed g.T5d10,00
Short clear sides Boxed 11.S1i5m12.00.
whisky Basis of high wines 1.32.
ON the produce exchange today The but
ter market was steady; creamery 16h0
241a; dairy 15@21. Cheese Steady 10laD
11M. Eggs-Flrm, loss of, cases returned,
q.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
RALLIES WERE FEEBLE
FOLLOWED BY DECLINES.
The Foreign Exchange Market Was the
Feature Of the Dsy--The Amount
Of Trading Was Light.

New York October % LIN IT'S essential
features today's stock market reflected
practically oil the previous days charac-
terlstics, including on utter lack OF public
interest ana Increasing fcnrs OF gold OK.
ports sterling exchange was quoted as
high as Siss.GO IN fact. the foreign ex-
change market was the feature OF the day
and dcyeoped most interestingly with an
Increased demand for sterling at this cen
ter and higher quotations for bar gold
and American coin IN London The locnl
advance was oil the more interesting ia
view OF the inadc1unte steamship facilI-
ties tomorrow. this providing only slow
boat for banks to use IN forwarding re
mlttances. The demand was especially
strengthened by further sales Of stock for
London account In this market aud repre-.
sented altogether a total Inquiry for cx-
change. This NAV have been the substltu.
tion for gold Of bills as form OF inter.
national remittance. Demand bills FOR re.
mittance next Saturday held at 81 So. 10,
and the quoted price for next Mednesda 4
WAS 81 So. 80. Business WAS even lighter
IN volume and the tone OF the list was
professional throughout. Reading was the
only strong stock at the ouening, several
fairly large lots being taken at q fractional
advance over the London price. The rest
OF the list was generally lower. Pennsyi.
Ymlia. Baltimore aud ohio. New York Cen
trail Missouri Pacific and several other nc
tive stocks all declining The market
dragged all through the morning session
with no marked tendency save for few
feeble rallies but these were Invariably
followed by declines Some Of tho stocks
already mentioned participated IN this III.
regular movement. us did also Norfolk and
western, Louisville and Nashville and New
York Central. There was no great recess
sion or any pronounced pressure, except.
perhaps, against Baltimore aud Ohio and
st. Fnul The rather favorable statement
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
Fonowine wero the rullne prlcea.
New orlenna.

New orlcans October 2a-rhc market
continued active Tor Top grades OF rougn
rice and an ouerings were taken up, bit
lor low and n'eullm Grades the demand
views
Ciean rice eoatinued active. with business
AGAIN ON broad scals. Prices were Vel
were reported
Receipts, 4soi sacks OF rough ana no
pptLcts OF clean.
sales Il2H pockets OF clean aud b1io
SACKS q rough, q whicn $3.50 sacks were
HoTddras aud ITO sacks domestic Iapan.
Clean rice Honduras acrlvei mead letd
Nhc; stralghts 3Naitc; screenings 2sS,sa,e.
no. i1s0f2c. Japan active; head yln4c,
atraighis Hh@Sssc srrceningh -iie'Se; NO. :
tNG2c Actual sales. li19bNc
Rough rice-hOndurae quiet on tow
grades, active on good glce, Rs t2,vVat2s
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
KANSAS CITY GALES.
iSnec{ot 10 rho post,

Stock Yards Kansas City, October %
The following sales of Texas and Territory
son, Vinita. 80 steers 035 pounds, $50;
w, II, Adair, 81 steers, CAB pounds. 275;
McDearmott Checotah, 20 steers, 6B1
pounds, go; o. NJ. Sawyer, Elgin, IL
steers, 6g0 pounds, go; Hutton & Light
Lindsay, 100 steers. sos pounds. go; A,
NJ. Miller, Elgln, ~ steers $40 pounds
3.S5 81 steers, 962 pounds, 400; l05 steers
742 pounds, 275; Il, Pedro Cattle com.
pany, Addlngton, 81 steers, $50 pounds
$50; % steers, $50 pounds, 300; d. II.
Darlington. Arlington, % steers, 900
pounds, 800; II. c. Heath, Addlngton. AS
steers, $50 pounds, 2,75; y, Heatman. Ron,
pounds, 2,35; 4. IL. Benford Talala. Bs
steers, 073 pounds, 800; Gage & Co. THla.
Ia, ~ steers, 933 pounds, 4,O5; l.. G. Bish.
op, Elgin, asa steers, 1886 pounds, 400; Cav
company, Elgin 40 steers, 1883 pounds.
$3.50 l.. l., Denoya, 1914 steers. 1910 bounds,
AGO. II steers, DIS pounds, 3.35,
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

Pronounced Activity on Clean Product
With Prices Strong.
The local rice market was highly active
yesterday The heaviest movement oc-
CURED ON the clean product and the prices
showed new strength. The demand was
too strong TO prevent the rolling up OF
heavy total In sales Notwithstanding q
manifest ! Indifference on the part Of mill
ors. An advance before the end OF tho
week was freely predicted Adylces indl.
Gated large movement Of rough rice "a
the market IN the near future, witch Will
consist mostly Of inferior adyices. In fact
II = stated that receipts 90 the best
grades will be compuativalv sinan on ae
count OF the damage lately sustained FROM
rainfall. while the demand for Same IN
sures u premium on this class Of the prod
ueL IN the fntnre.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
81. LouIs sALEs.

Especial to The POst0
National Stock Yards ST. Louis. Octo.
Der 1.-THE following sales OF Texas and
Territory cattle were made here today.
G., ID, Bryson, Comanche Texas. 627,pounI
heiters, go; John w, Gibson, Begas /
", o4l-pound steers, 3S5; Naylor & Jones,
Leliaetta, l. H. 826pound steers. 3T5:
y. and 4. A. Parkinson Leliaetta +
II. 10S0pound steers, 425; {. Davis,
Checotah. 103T-pound steers, $50: SfI,
pound steers, 3,40 r. r. Russell. III
gin, Kan, ll22 pound steers, 4.GO; y.
Miles. Balllnger Texas. f7S-pound cows and
hefers, 2'OS; Is2pound Rt 2.G0; Hocue &
ware, Chelsea, calves, 100 each 4 r.
husband kerryille, Texas, 10i.pound COWS
2:e1' b20-pound COWS. 40. Fleming & In,
wilson, Elgin. kan. S97-pound steers a M,
Cuge \ Co., ralala, |, T. 95S-ponnd steers,
100, Fred T., Avord Raird. Texas 45s''
pound cows S20i A. ogllvy. Baird Texas.
eSo-pound steers, $50; W. e. Skinner San
Angelo, Texas, s23-pound cows, BIOS FORTY.
six hundred Texans, steady.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

ESTIMATES FOR TODAY;
Houston, 1880 to 1880, saainSt
ri ,o39 last year.
New Orleans, $4,000 to $4,000, against
19,o72 last year.
Galveston $4,000 to $4,000, against
2o,e43 last year.
Yesterdays cotton market presented new
problems for the bear to solve ana FOR a
time there was n really aggressive air about
the trade. Bulls received much encourage.
ment from an announcement that Mr..
Buston has delayed going on record with
reference 10 the present crop for at least
two weeks or until the appearance Of frost.
The trade was not lons In awakening to
the opinion that II conditions IN the field
are snch as TO bafhe one SO accustomed to
viewing It, It is surely well for shorts 10
do a little guessing even though the sum
merlike weather permits an immense top
crop. Longs thriyed upon the uncertainties
thus aroused while the subject OF demand
presented Itself in very forcble manner.
A perusnl Of the statistics that related 70
consumption since the beginning OF the
season served to furnish the average on.
orator with much food for thought and the
current demand FOR spots developed larger
proportions.
Under such circumstances buying on a
heavy scale took place and there was sup
port from tlose quarters which bulls for
merly looked to Tor big things 1t was
rumored that large and prominent lntcrests
on Wall street are working In harmony with
similar interests in Chicago and TINT spec.
ulation viii receive stimulus from the
combustion that viii be felt for maay days
TO come. 1t was also reported that some
big commission houses have undergone q
change IN their convictions about the utl.
mate price and good deul ~ absorption
was induced on this account ON tho lower
bound Of contracts the buying was simply
huge and the rush upon shorts I'm the later
moments Of the session was calculated Ia
excite. There was not the slightest change
In the weather aud the developments only
suggested the possibility that the 'ham.
mcr club" may have too far discounted the
effect OF the cotton thar has been made dur
ing tine second summer" There was no
rnin reported from any section of the belt
and So far rs Indications went there were
no prospects OF cold wave M the mnc-
date future. The movement was moderate
enough to be the origin OF the strength and
while exports hardly measured M 90 com
pRratlve figures they were on liberal scale
In all likelihood the Insight fot tho week
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
GENERAL LIVE STOCK MARKET

Chicago, October 2-Cattle-Receipts
21,000 head, including 5000 Westerns; mar
ket steady; good to prime T25uS 45; poor
70 medium 375d6.9O; stockers and feeders
2,2Jd4.7o; cows 1,4O0t45O; heifers 2.25GQ
800; Gamers i.4uM2.6o; bulls 2,25d75O;
calves 3IJ0T.5O; Texas fed steers BaOl
4,25; Western steers 3.75d6.5O Hogs Re
celpts 26,OO0 head; market strong; good TO
choice heavy 8.SO6i7.t5; light 6300B. IS;
bulk 6.65d890. Sheep-Rcceipts 10000
head; market strong; good to cnolce weth-
ers 3.5oN3S0; fair to choice mixed 2.5Od
850 Western sheep 26OM3.75, native
lambs 30odj,4O; Western lambs 575djO0.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

Kansas City, October 22.-cntue-
Selpts 1900 hend natives, $500 Texans NM
Texas and 1900 native calves. martet
steady 20 strong choice export and dressed
beef steers T.00uSO0; fair 10 good 4 SngS
o,He; stoekers and feeders 5Olf5OO. Wesf
ern ied steers 3,I005.sO; Texas ana indian
Steers 280d4 Boz rexas cows /. 75di8 *. ma
lNS coWA l.JO0ti25; native helfers > 5iSs
80 Gamers l.0O02 10; bulls i0ldS es.
SohnNSs. S,e59huQ. Hogs Receipts f4O16
gsNa0' l5i light 055a6T5: pirs 4 i0Hea AZ
SNSSep receipts 800 head; market eas,.
n9 nsiiEe lambs 3. 1915 10; Western la,nl,s I
! isSoost29sei ewes 30O@S.7O; native wctbers
stocker' and feeders 175GS.5o ''V''''''''
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

~, LOUIS October 2.-Cattle-Rccp,n,.
steady; native Shipping ana esn market
1890 with fancy worth rp to IN.
dressed s. beef aud butcher steers 6,s s' q,
Srs IN 9hssr 1000 pounds 4O0d6 "a; sfoe,
ers a25G5.T5; canners S6l,s A,la hef-
Man 800 calves lTJGf.25; Texas ana 'q Nv
s 3 49, Steers Ter 2.iod5 *. cows ana hni,in ~
XII s sV sheep. Receipts 25oo head mar.
iamhs 4s5as ~, ''se mntions s5oa4.Oo:
TO-, stposAtrs 1908 90; Texans 4 49, *
a0s'-Asssipts 1900 head, market IA "a Pc, 10.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
SUGAR.

on New orleans. October % sugar Firm.
tfbiS,n settle 2lSd3 3-16: omen Ssttle i ce,,
sS tlgSs', new S4' centrifugal yellow new
centrif,irsi Ng gHesS l9sd3h. Molasses- Dull.
26d31 oueh Kettle 2S; syrup
ar SSw York October %. -supor-Raw
te test az iiF refining 8-16; centrIfirai o
Firm. 'S' noiasses sugar ? Bis Refined.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
METALS.

in toSas reaction from the recept ier pT,ea
closing here m az s5s under g1 selling pressure
o az a decline OF Il 5s ,v y9, and In Lon.
Der also os ana futures al sir las pue gon
"'s' was lower In trade. losips o. e 81
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
er; pigs. and lights 65oa875; packers G.. 10
G600; butchers 6.SOTi7 90
NEW ORLEANS LIVE STOCK.
Especial to Tho Post

New Orleans October 22.-The New Or
leans livestock exchange reports the mar.
ket clearing up Of calves scarcity Of fat
steers, and the outlook favorable for strict
dull, over supply.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

with actual sales az Sl.oOGI4.1u Japan
Quiet on low grades, active on good grades,
AZ St.5OQ3,S0, with actual sales az S@eo@
knt
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

New York October %. --Coffee- spot
Rio quiet; No. lnrcice lsk. Mid steady .
CordOva I&dt2 Futures closed steady,
net UNCHANGED 10 points lower. Saies
1900 hays. November OSdi5 los Deem
BEG y 2oi lengssv b 81; Aogil As; May
3. 5se5. 30.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

r,d me following are the quotations for the
40 i've stock market as Furnished Nv
S rng a. y BEL Live Stock Commission COM m
Beeves--
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
DISAPPOINTMENT OF ESTIMATE
TO BE ISSUED BY Mr.. BURTON.
Bears Were Left In the Dark As to Crop
Matter and Heavy Buying
o SKI. Developed.
At TIE CLOSE;

At THE CLOSE;
Liverpool, TO points lower.
New York, 2 to 10 points higher.
New Orleans, to points higher. 4
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
EsrIMATEs EoR TopAY:

Liverpool, 4 points lower
American side, unchanged.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
The Rice Market.

Torcnccs 20, 40 7o,47l sos. s23 80,
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
Vessels Destined for Galveston.
SsrE ANfSHJpS

Sabine, Texas, October p Arrived.
Steamer Atlas. with barge 0l. from New
York. tug Albert \. HuEhcs with two
harges from Galveston. Sailed, steamer
Atlas, FOR Port Tampa
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
'Less 11e
New York Money.

New York. October 30. Money on call
Arm Mt 4Gi6 per cent; closed offered at 4
per cent. Prime mercantile paper 8 per
cent; sterling exchange firm with actual
business In bankers bills nc 80 $40 for
demand and at I SO. 50 for sixty days; post
ed rates 4 S4k and 4. sTi5: commercial bills
s2j4d4 50. Bar silver iGa; Mexican dol
lars 10. Government bonds steady: state
bonds inactive; rAilrond bonds Irregnlar.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

with spot closing at f62 e ~ Tsw Ysl {
at f52 Is Cd. Conner IN sna nnfiil.
nominal. Lead was Quis' rgneiIsh az
Iron was lower IN nv IA ID az I.
again, Glasgow closing s ~ YORK prSt.
ynsined unchanged and "'-
rants continue nominsl'
BUTTER AND EGGS !,
New YorK. October 22, ,a.11y:
s1Ss packages. Market 99sitfaSs
PENNSYLVANIA. average ,nl; sss, s r.
en-, candied 22d2i: refsslsse is'siitI
St. Louis. october ffds2
creapory 1sd26; dais'
Higher AZ 1875. loss on, % -Eg
Kansas City, Octopes
11l.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
MARINE INTELLIGENCE.

MARINE INTELLIGENCE.
PORT OF GALVESTON, October ~.
ARRIVED.
SIS Cltta dc Messlna tlt.), from New York.
sch Ada n, Brown (Am), from Baltimore.
SAILED.
Sc Algiers tAm), for Boston.
SIS Nueoes lAml, for New York.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
London Money

London October % Consols FOR money
03 3 10; for account 90 5.t6 Bar silver quiet
nj % ole Money il9N2 per cent Short
hills 3Sd3A per cent: three months bills
3bM3h per cent.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
GALVESTON

,, reported for The Houston Post by the A
l. Norman Live Stock company.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
New York Exchange.
To-day Yesterday

7
To-day. Yesterday
Rcichmarks. commercial
Bankers GO days 4. S3ih5s 4 SpSIa
Commercial 90 days 4 SAX V 4S3ls
spnncrs .......4. s2%-A 4.s2E&
Francs, commercial,
10 days ..........'O.2U 'o'@u
Less 1iB.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

81. Dunstan (Br) ................ Is
Westmoor (Br) Observation-Disclosures. IL
SCHoONERS
Frances NJ. (Am) ,................... II
Ada H. Brown (AmD ......,...a,.. 81
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
Liverpool Futures.
Net Receipts at All u. S. Ports.

Totals -. 80 .o03 2i5.062 1.s53 8ai 1.5t3, 00s
Last year. .65,T $50 294, 533 1.0lS,66s ..
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
COTTON MARKET QUOTATIONS,
Houston paIIy Statement.
Houston ComparatlVe Settlement

Gross receipts thus far this week. 74O75
Gross receipts ~ days this season. G3T, i4
Gros receipts 5l days in 1901. .... .505, oS1
Gross receipts 80 days In 1900. $500. ,541, 800
kIenrk-,. p.;i,o,I paaninAn
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23

Total sales Tor the day l3l,5O0 shares.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-10-23
Other Spot Markets,

iivcrpool--Epots closed quiet and easier,
nricca 4 points down; sales 1000 bales o..
which G90g were American: exports and
speculation 500 bales; imports $4,000 bales,
al which 20600 were American
ordinary- Midding ....,4. 10
Good ord .A4S Good mid ...8.TS
Low mid 400 Mid fair zoos
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-05-31
A CASE ron CoNGRDss.

The indictment which the Federal
grand jury at Memphis has found
against five railroads for violating the
interstate commerce law ought to at
tract the attention of Congress-. 1t
seems, according to the indictment,
that the railroads in question had an
understanding in regard to the trans
portation of cotton in the Memphis dis
trict. There was a combination among
the roads which prevented any reduc-
ton in the rates for transporting cot
ton. but according to a statement of
the traffic manager of one of the roads,
the only understanding was that each
road would respect the territory con-
coded to the other roads-that is, it
would not cut rates in order to get cot
ton from that territory.
1t does not appear from the state
ment in the dispatches whether or not
the roads attempted to charge higher
rates than those allowed by the rail-
road commission of Tennessee and
other states from which cotton was
transported. If only the commissions
rates were charged there does not seem
to be any good ground for complaint,
though it is probable that the tacit I'M
derstanding that each should control
the business of certain territory was a
violation of the interstate commerce
law.
The reason Congress should notice this
case is that without some understand
ing such as these railroads had they
would have cut rates, demoralized bus
mess, injured themselves and benefited
nobody except few spectators in
cotton. 1t is better to have uniform
rates, but they should be just and rea-
sonable ones. Then the small shipper
would stand on an equality with the
| big shipper. In fact. all shippers
would stand on an equal footing as far
as the railroads were concerned. This
condition of affairs can be brought
about only by permitting the railroads
to pool their earrings and the creating
of an authority to fix the rates. Until
that is done some shippers will be fla
\ vored at the expense of others and the
railroads will be at war all the time.
much to their injury.