The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-08-01
Liverpool, t-32d lower.
American side, 1-i6c lower.

Yesterdays cotton market was quite OF
the reactivc order and the bears lost no
time in getting even for events Of the
recent past Sunshine In Texas was the
wntchword and under this stimulus the
hammer club was almost able to obllteratr
thoughts OF damage from the bottom over.
flows There was IN additional quantity
OF new cotton in motion and the fact that
several of tho States contributed TO thIs
output imbued the trade With the idea
that henceforth the crop OF 1862 Is to 0o
dealt with In more practical manner.
Precipitation Mt the same time spread to
portions Of the holt not lately favored IN
this respect and the tenor Of the news was
quito in accord with bearsh wishes. The
effect upon the selling side was wonderful
and those who helped to lift values IN the
few days prior by their ready support 90
tho staple turned with the tide and left
longs a very small factor IN the proceed.
Ing. a look beneath the surface Indicated
that in reality the dawn ~ another season.
with the discount on the FIRST month OF
the new crop, compared to the last VI tho
old nmvunth1; to isc. is moving the larger
class 81 operators to action. well GROUND.
cd ldec that an immense Yield Is In .ieh.
was difficult n remove and bids fair not
10 be, except by some disaster such rs
might have hecu feared from late down.
pours along TEXAS rivers Bulls drew
their conclusions from the theory that the
extent Of the rcverses Of the plant On the
main producing State has not yet been
thoroughly appreciated and when the truth
comes Ia light the coGtsc 81 events would
only render their victory a more profitable
one.
The tone OF foreign adyices was condu.
eive to strength In the early trrding hut
tue preponderance Of evidence for the
short" account made this Of little value.
IL was claimed that the statistical posi-
ton must undergo a change In the near
future md II the movement is swollen to
z pcrceptihe degree It Will he to compare
with period last year when the remnant
Of the crop really reached dimluutive pro.
portions and before tne number OF new
bales was barely worth the counting. The
reported danger Of industrial complications
py the phase which the strike Of the coal
miners has assumed brought clouds no less
threatening, but quite opposite In effect
from those that hung over the crop situa-
ton few days ago There were none 50
bod as TO venture anything Ike tleup
but history teaches that bloodshed Is a
bad omen in settling labor disturbances aud
the state of affairs Increased the pessimism
win which the price maker was imbued
Inc passing OF July from a place upon
the boards was without unusual circum
stance, but Is nevertheless worthy of com
ment ON the lending southern exchange
where conditions that relate to supply are
most keenly felt this option has puzzled
professionals OF both broad and narrow ex.
pericnce. There have been times when
the parity" between New York has been
broken by fifty points aud the concentra.
tion OF stocks IN strong hands has led to
mnny theories Of a "dcnl'-which died
s.borniu'-while the premium over deliy-
cries for October frequently went to $50
points.
Liverpool was brilliant at Grst, but closed
with record only fair. Sales on the spot
amounted to 5000 bales at quotations lower