The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-10
REACTION IN COTTON PRICES

bales, compared with eoO9 for. the CORE
spending day Of last year. SNice Friday
as4i FOR the same time OF last week and
"a, T35 for the corresponding time OF last
year. Thus far In the season they have
aG7 for the corresponding time Of last sea.
son. Exports since Friday. have been
1880 hnles, compared with 1i,591 for the
corresponding time OF last year. Stock at
United states ports for the day was 2of..
3ss bales compared with 800. 100 for the
sanss day Of last week and 40I, 1l5 for the
corresponding day OF last year.
Fnlrchild & Hobson wired from New or.
leans:
Although there were beneficial rains over
night In the lower Mississippi valley, in
Texas portions Of Alabama and Georgia
and heavy rains In North Caroino, Liver
pool ruled steady and after selling 3 lower
than yesterday recovered and closed un-
changed on summer months. half lower
thnn last night on fall positions, but .
lower for the more distant new crop ar
rivals. The steadinoss for the foreign
contract market was attributed to spot
holders parting with their property and
buying IN their future hedges. There was
no stability noted In the position vi spots
IN Liverpool, for while sales were 1900,
Nor. Influenced by the apparent steadier
undertone abroad. American markets.
after opening unchanged to shade easier
than last night, improved a general
covering demand from shorts. The strength
of the statistical position is bulug recog
nized more and more every day. Tue
movement continues to shrink and visible
stocks decrense IN greater proportion
from week to week than was the case II
year ago. The trade recognizes the neces-
sity for full crop next season. more 50
IL IA hn hut n
aud more Of last years production Will
nave been taken ON. the basis of about .
cents for mlddllng. 1t follows, therefore,
and with good reason. to expect a larger
CONSUMPTION next season II the crop he
marketed on the basis of prevailing dis
counts and to look forward with as much
confidence for higher values In the event
Of the crop proving a disappointment in
the way OF the yield being small These
are the conditions that confront operators
at the present day. are the facts In the
case that will make no crop news bearish
unless IL he OF n most brilliant character
ana being governed by such conditions and
| circumstances. traders are not doing much
| NJ the moment except paying PARTICULAR at
! tentlon to weather developments which are
| NJ q more favorable nature Of late, but
| the possibility of being a revival In the de-
! inand for spot cotton prevents enterprislng
! shorts from forcing their hand. There Is
| no big Interest In the market; there will be
| no marked changes In values and the mar
! ket will prove a scalpine one until we
/ draw nearer To the new season when new
| crop receipts will be compared with those
| of a year ago. December opened soar g..
! advanced TO I 3S and closed Z 61MI s.
Tho following were received by brokers
private wires:
ALABAMA CROP REPORT, JULY s.
Northern district:
Calhoun. Cotton very small; crops we'll
cultivated, but not doing we'll.
Cherokee. cotton needing rain.
Clehurne. Cotton badly damaged by
drouth.
Morgan,-Cotton small, but full blooms
Winston Drouth continues; cotton wei
cultivated and promising
Middle district:
Blbb.--Cotton has stopped growing.
notwithstanding suffering for rain
cotton stopped growing,
clay, cotton blooming, but about
Iiale-cotton dcterloratng rapidly.
ec,-Cottou crop will be light
| Pickens. --totton still doing fairly well.
Russell Drouth serious, cotton sheddln.
| and blooming to top.
southern district:
Bnrbour,-Cotton making but nttl
Clark. Cotton stopped growing.
Henry and drouth damaging crops
, cotton late ami small,
Mohilc,-Cotton In fair condition. bu
needing rnln.
MISSISSIPPI CROP CONDITIONS.
4 Delta counties:
r Tunicu.-Raiu last week; cotton lookn
well.
Coahomn Excellent weather. crops /
g fine condition
, SunGower Dry ana hot; cotton dc
| terioratug.
b Carroll An crops suffering for rain.
\ Washington. Cotton clean and In goo
10 growing condition and fruitng we'll.
- Yasoo All crops suffering for rain
, | Cotton small and blooming TO top; lnyin
u 10y commenced,
, Northern counties;
n shall--CropS doing we'll
4 Tlppah. Rain last week; prospects goot
u Tishomingc Cotton ine.
Il Panola~-Dry and hot; cotton at n stan'
d still.
, Lee.-.Cotton small.
VI Clay. -Drouth unbrokcn; cotton alor
: seems to he growing a little.
Middle counties;
N Montgoa1tN. -Drouth continues; cotto
blooming 10 top; fruit dropping.
~ Choctnw.--llot with local showers, a
n crops doing we'll.
y Winston.-Continued dry weather; cotto
u small and blooming To top.
e Kemper, Cotton small. lousy and M
n growing. Very dry, hot week
u Lnuderdalc.-- Hot and dry; early cotto
sc blooming to top; late cotton small and d
teriorating
p Southern countless
~ Claiborne --Drouth broken hy good shov
T. era on 18th and 9th, which will benefit co
u ton.
Copiah -Lirht showers on 9th; cottc
holding on well
G. simpson, Clarke, Wayne, Jones and Ami
10 --Drouth continues.