The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-09
ETON WHOLESALE MARKET

lative dealers and brokers are now figuring
how 70 get In on coming crop at lowest
possible prices, IN some Instances with the
purpose OF covering short sales At proht.
But II Is doubtful II very much fruit Of
the coming crop has been contracted for to
be delivered later on. Figures talked on
futures are sac. for aprleots. DC to 0lsc
prices being for fruit in sacks (. b., car
load lots. Speculative orders booked thus
far on prunes of new crop have been on
basis Of 2i5c to 2aic for the four sizes, with
no premium for the large prunes. There
Is little inclination to talk prices on future
deliveries Of pears, as the lightness of the
crop makes values very uncertain, hut
some quote on the basis of 7Iac for choice
halves, which Is safe enough SO long as
the parties do not enter into binding con
tracts or accept money to deliver the goods.
California apples, prime new eyaporated,
are quoted by dealers at &c for September
and 6Ac for October-November delivery"
C2arnikow. MacDougau & Co say Of
sugar: This resistance in producing coun-
tries, as well as in the spot market, led to
a change of front on the part of rehners.
and 3gsc was paid by them few days
after sales had been made at sac, proving
that the hammerng Of the market had
been overdone even under present condi-
lions, As usual on an upward turn of the
market, hodet5i became courageous, with
the result that even an advance of sc fans
to bring out much sugar While the ship
ments from Cuba are comparatively large
they are all for account Of retners, and
the greater portion goes to New Orleans
The share Of Cuban shipments that is APP
portloned TO the Atlantic ports is not sufh
ciently large to keep up with the MEETINGS
and there are very few shipments Of msold
sugars from any quarter TO add 10 those
coming directly to the reiiners. one of tht
noteworthy features of the week IL the sale
of some molasscs sugars for shipment from
Cuba ia the United Kingdom, transac-
ton of n Kind that has not happened In
many years. The difference existing here
between sc degrees ceutricugals and 50 dc.
grees molaSses sugars, sold on c. and (.
terms, has always been &c hut when
prices declined. as they have done, this
difference became too great, aud consequent;
ly when lnolaSscS sugars were selling htrt
at 2Ic nearly hC more could he obtained
| 1ne difficulty OF securing tonnage prevent
ed larger business, and had tn, market
not recovered here the United Kingdom
| would also have taken some centrtugalS
| Congress has adjourned without passing
| some of the principal measures supported
| by the administration, the chief among
these being reciprocity with Cuba. Seeing
! this the Cuban government shows signs
/ OF coming to the help Of planters, and has
: under consideration a measure granting
| loans on the basis of 80 cents per ton Of
/ cane ground and 10 cents per ton of cane
left In the fields The former is equal tc
| fully 31G cent per pound Of sugar. 1t I,
] not yet certain that such a measure can bl
| passed. but the proposal shows the willing
| ness of the new Cuban government to nj
! lcvlate, II possible the serious financial dis
| tress now existing. The greatpr portion Of
the sugar that was held In Cuba By IN
| reiincrs has either come forward or Is nov
| being shipped"