The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-31
BEARS WERE APPRENTICESHIP.

formed level that ruled With llttc change
throngh half the afternoon. steady Inn
proycment began at ;his slime and continued
until Test prices wera reached, from which
there was little change during the rest or
the session In the net resnt July declined
& pcints. August advanced points and the
other months went TO y points higher.
New Orleans started unchanged on near
and ? points down on new crop deliveries.
This was the lowest Of thr day. aud a grad
uni rise OK 0 points made he limit OF yuria.
tion during the morning call. similar sd
vance shortly after midday brought top
prices ard the later Illustrations caused
very small difference TO prevail during the
rest Of the session. In the net result july
declined POINTS, March gained > poiats
AMI the balance went and points bett r.
Sales at the four American markets
amounted to 2450 bales, and spot quotations
were not altered
The volume OF the movement was quite
moderate. Receipts at NIL ports for the
day were 300T bales. compared with 5OU
for the corresponding day of last year
Since Friday they have been 1o303 bales
compared with l .2G1 for the same time OF
Inst week and 17.slT for the corresponding
time OF last year Thus far In the sen.
son they have been 7,i23.603 bnlcs, com
pared with T,407.0g3 FOR the corresponding
time II last season Exports since Friday
have been 5lG1 balcs, compared with T.
30 for same time OF last week and 3i,523
for the corresponding time OF last year
Stock at United States ports for tho day
was 22p,S11 bales compared with 2iSof3
FOR the same day Of last week aud 3Ss 1871
for the corresponding day Of last year
Fairchild & Hobson wired from New
orleans: Except in West Texas weather
! In the Southwest continues Of showery
character. During the past twenty-four
! hours further heavy rains occurred In
! West. Central aud North Texas. the heaviest
! rains failing in the central aud southwest
! eru sections Of the state. aud while fair
weather Is predicted for West Texas To-
! night aud Thursday private aaylees report +,
| the continuance Of heavy rains today ID
| the central aud northeastern SECTIONS. II
! viii be some time before the extent OF
| the damage by the Overlooking OF the
| lower Brazos can be arrived at. as there
| has been no let up IN the rains OF the
| upper valley.
The general impression, however. is that
| serious injury Will have been done ~
| the overlooking of streams, aud that the
| cloudy weather viii be productive OF boil
! worms and boil wcevils and picking II
| nov rrou viii he DELAYED ana movement
/ of new cotton to market retarded. During
! the last hour OF todnys session prcaic
tions were IN circulation 10 tue tIect du1i
I the August receipts OF new cotton Wuull
be less than last years 5000 that next
| Mondays monthly government bureau re
port would show no change from last
months condition OF "a Z, and that Liver
pool shorts were covering September con
trncts fin New York where the nrst month
Of the new season was the strongest On
the list. These influences made somewhat
OK an Impression on ynlues here. septem,
her, nfter selling LIS, advanced to I 81
December from ~ TO 81. closing at
: .S24fT. SO and iSd7 80, respectively,
our advlces from Arkansas are to the
| effect that the rains NJ last night VIII
lac beneficial In that state, aud from Cen
trail Texas We learn that the damage from
the henvy rains In that section Will not
amount 10 nny thing. hut that some damage
| will occur I'm Southern Texas, where hot
tom lands have been inundated, hut which
Joss at the very most, IS estimated al
, 5000 bales. while the prospects for the
state with a drr August, Is for 4."0WB
bales Were fair weather to return I,
. Texas the damage and recent rnins would
/ be forgotten. except by those VINO Suucl
SO often from such disasters In the river
3 there has developed nothing to change on
=. opinion rs 10 the probabilities of there
| being n heavy delivery from Texas au'
I the Gulf States during August. Louisiana
[ and Mississippi the crop Is opening. Will
= Houston has received 5n bales new cot
- ton already. against Gully three 10 the Is
OF August last year
I, The Democrat SAYS: The universe
n underwriters Of the cotton market are nov
. In the fix OF the poker player, who, hoy
= Ing drawn to n ''hohtNilcd flush Is abou
10 turn the fateful card. Are the tor
10 rental rains over Texas destined to max
or mar the enthusiasts color scheme
That is the question. The strangest thin
= about the whole matter is that anybod
81
4 the sudden change In the prospecIs OF
State, which, MS all speculative histoS
shows, Is for crop estimRtors a delus0
and n sunrc The simple truth Is tina
y nothing definite about this crop will b
. known for weeks, and even months. I
! come. II Is this very uncertainty tina
u gives speculation It's logical reason o
r being. II must suffice for the present I
Q. know that the need of a big crop is urgent
while the real magnitude of the yield
., one Of the most uncertain things In thi
nj uncertain world.