The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-07


New Orleans, to points higher
SPOTS:
Liverpool, unchanged.
New Orleans, i-8c lower.
Galveston, t-t6c lower.
Elsewhere, unchanged.
Yesterdays session of the cotton mar
ket was one OF deadly dulncss, and mis-.
givings Of the bear arose from several &c.
currences. AS limited In the recent past. a
sharp reduction appeared In the stock az
New York, and the worlds reserves arc not
In condition 10 let such a thing pass IN
noticed. This was caused by little squirt
On the part of exporters, which brought
about a sufficient increase In the foreign
tsklngs to attract attention. while the mora
important decrease In the supply nt this
port occurred by a minus correction Of 5000
bales In the certified stock The commodity
did not lack support after this fact became
known. but there was not the least sgu OF
-CreSsivcness on the part Of bulls AMI
prices only rose as II forced to that end
10y the silent fear Of shorts" that there
is more In the earth since the late over.
flows than In all the spectators philoso-
ply. This feeling was encouraged to no
small degree by rumors TINT the boil evil
is becoming n factor to he more seriously
rcckoned with. and the sphere Of the Insect
is expanding al a rapid pace. Al the same
time the weather prophet Joined the PASSIVE
forces Of the bun aud with additional rains
indicated for the West Gulf states includ-
Ing the Texas belts, which have had above
their usual share. the buying took
more confident air.
The reports Of new cotton still found their
way TO the ringsde. II was stated that
Southwest Texas Is Offering good mdillbg
compressed shipside New Orleans August p
at size. Real cotton felt the Influence u
this state Of affairs In the Southern mar.
kets, ind prices ranged downward, white
the moments II greatest weakness Ia con.
tracts were likewise derived from this news.
Fluctuations did not cover a range OF SUIT
cirnt width TO let In those who differed
materially In their opinion, and from all
outward appearances tue scalper held tle
ley TO operations That the marke: is lttle
moro thsn a bundle NJ nerves IS shown Dy
thu constituencies Of the short" side when
ever any pressure Is brought into pa.
Such a condition. when measured to tie
size Of the worlds visible, enlarges the pos.
slbilities that might arise from calanity
to the plant, and was one reason that in.
cited the bear to caution. The trade at
large is wondering whether the disposition
,huw to cover by great New York opera.
tor in recent days IS Il fcrerunncr Of a
change In policy based on private lnforma.
tion received since the last statement VI his
position, and II hereafter an aggressive
bullsh campaign Is to come from this
source. However, tine demand there hu,
been sustaining element In late period.
Of strength. ana the unrest % the trade /,
Ia no way quietcd
Liverpool had some redeemlng features
sales 90 the spot amounted to 5000 bales
o. unchanged quotations. IN tho hnal
contracts. stood l-f4d down ON summer. un
changed on fall, is64d higher on winter an,
Odd IN on sprnE deliveries The reserve
~ the bic English market at present nigh
tend Ia move tho alarm fclt IN some quar-
ters u the advent Of nov cotton Is has
tened To the extent that many profess 1,
believe
New York opened 10 points below IN,
previous close. This was the lowest o
the day and a gradual rise Of point