The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-01

For the first time IN four DAYS all the
machinery OF the speculative wheel was IN
operation in yesterdays session Of the cot.
ION market and II may be sail that the e.
feet was very saiutarr to the commoditv's
friends II Is not often that shorts are
seen pushing the way for the value scale.
yet the readiness Vita which commitments
we're covered or that account did great
deal towards bringing about such trend
Of affairs. There was still j certain amount
Of satisfaction In evidence rs A result OF
the drouth breaking In Texas, hut the
dimInutive position II the worlds visible ~
critical period approaches occaioned
nervousness that the probability Of big
yield could not alter
Speculative interest was rather dull
throughout the trading and the disposition
OF operators Ia await the progress Of other
erents was stii feature Of the dny. Gen
efal sentiment in regard to the crop outlook
Is Inclined to expect heavy production
In view OF the fact that conditions IN
Texas. whore the largest apprehension ex-
iSted, have been much relieved. Yet there
are those who know that the difficulties To
encounter are only In theif Infancy. Bills
also claim that time will he so valuable on
account Of tho extremity to which couceu.
trnted stocks viii be reduced ~ the end Of
the season that every day the crop Is late
Will count great deal Advices from fhe
field indicate tnat eolncldent with 4 more
promising hnnl Yield the chances of late
ness In the movement arc increased. When
tie necessity Of a maximum crop IS rs
urgent as Will he whcu the months Of an.
other year roll around II Is not strange that
every Item should he IN important one
The trade at chr same time Is anxioasly
awaiting the department second state
Tcnt upon tho subject Of the plants condi-
tion. This will be issued Thursday TIE
possibility of maintaining tho june stand
ard Is quite unlikely. That the 1ear has
been rescued by the end OF the month eiH
fail Is even a probability, however, and
these occurrences VIII only cause the dOcu'
ment to he more enEerly watched for Tn
public confined It's interest almost exclu-
slvely 20 new crop options, leaving the pro
fessiona TO battle With the delicate posi-
ton Of the old In such circumstances the
pressure upon "shcrts' was felt most on
current deliveries and when the covering
process was we'll under way. July tNew
York. assembled with the ease Of m arrow.
There was nothing radical about the range
OF fluctuations and the skilful scalpcr
might have found some excellent opPoF.
tnnities.
After its holiday siege Liverpool respond.
ed to tho call with splendid show OF faith.
Sales on the spot amounted to 5000 bales
AZ quotations lower by i32d. Al the close
there was loss Of to 4Iz-64d on near and
3 10 6-64d on far contracts. Buoyed by the
revived spirits Of King Edward trnnsat-
lnntic operators were not In humor to
view the recent rainfalis with perfect bear-
phness
New York opened 20 points M on near
and Z 70 down on far options. slow adj
vance soon started and becoming more pro
nounced NJ tAe end OF the Arst hour, caused
tie hest Of the day 10 be reached e
3.polnt decline AZ this time formed the level
that prevailed until tnddny approached
when q similar loss took place and cen
timed with little variation until thlrty
minutes after the noon call Another sllghl