The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-02
BUREAU SPRUNG A SURPRISE

point gain TO be realiz ID Just after the mid.
day call, which formed H. level that ruled
will narrow fluctuations until the last hour
Of the call. Another advance then began
and top D Ices were quickly touched, after
VIII oh small loss made the range until
the closing call; IN the net result result J OnS
the balance OF the list gained l and
points.
New Orleans started points less on July
and 2 to 8 down ON further posi- Ions.
small Improvement took place. after which
little change occurred until an hour before
the noon call, A rapid rise soon amounting
for most of the afternoon trading. An nd
dit .onal bulg, in the closing moments
brought the best OF the day on the nnal
call In the net result July declined
points, August advanced 3 points and the
later options gained 3 and points. Sales
Mt the four American markets amounted 70
1450 bales, and spot quotations were lcft
untouched.
The movement was replete with shrink
age Receipts at all ports for the day were
1853 bales, compared with 1854 for the
corresponding day Of last year. Since Fri
day they have been 1926 bnles, compared
with 1874 for the same time OK last week
and 81 ,2TS for the corresponding ume OF
last year Thus far IN tae season they
have been 7,36sUo7 bales. compared WIN
T,245725 for the corresponding time Oh ms.
Io.474 boies,p compared with 20725 for the
same time Of last week and 1900 for the
corresponding time Of last year stock ga at
United States ports for the gay was ~,
205 bales, compared with SOL 4s4 for t he
same day OF last week and 457,722 Tor tue
corresponding day Of last year
The Cotton Trade Journal outlines the
necessity for better prices In the follow
ing:
If cotton crop equal to the last is rais 20
| 1t is pretty certain that the farmers VIII
| expect higher prices than they received ior
/ this seasons cotton for the reason that the
( cost Of production has materially Increased
| About everything the farmer uses has ad'
| yanced Nome OF his supplies are MS low
| as they were this time last year, ana con
! seauently the cost of production has In.
/ creased TO that extent. All kinds OF me1ts,
! including hams, bacon, fresh meats; llrd'
| oats, corn and farm machinery are higher.
/ Those farmers who have obtained advances
! from factors and banks are forced TO draw
mere heavily on their accounts 70 meet
running expenses. This will cause them TO
+ expect more Tor their cotton, and possibly,
not rush 1t TO market early unless prices
Almost without exception trade conditions
are good and In the absence OF calamity
promIses 10 continue so. This is probable
In view of agricultural prosperity, which
in turn gives revenue to the railroads ana
! Industries and encourages promotion. from
the present outlook, therefore, II Is not I'M
I reasonable to look for a demand for cotton
/ next season sufficient to keep the market
upon staple basis. Al depends Npo4i
on which this roscate view OF coming con
ditlons depends most is the successful out
| turn of the crops.
Fairchild & Hobson wired from New Or
leans:
The most surprising part Of the report Is
located In the returns from Georgia. with
the week ending last Monday, week ago
tho three DISTRICTS reporting In Georgia
Atlanta 1877; Augusta 3.24; Savannah
ais The governments crop report for
the same week read like this:
with abundant rainfall and high TEN
perAture in nearly all sections~heli crop
made good growth and are IN prime don
dition."
During the past seven days ending with
yesterday the same three districts reported
for the State Of Georgia as follows
Rainfall: Augusta AZ; Atlanta SO; Saynn
nah 10. These official records show heavy
rains In all sections of Georgia durlnl
the past two weeks and all sections NJ The
State ARE covered by these three districts
Georgia having three districts as against
practically only one In the great State o.
Texas Therefore II Is not surprising tha
some comment has been made on Georgia
! report OF today, which reads as follows:
High temperatures general absence o
rain, with parching Winds, was detrimental
10 crops Cotton needs rain, hut Is head NJ
out well, although growing slowly 1t +
blooming freely In north and middle sec
, tons. and boiling IN south section; It II
shedding, In few localities, and is nlmos
: universally infested with lice"
The New York Journal Of Commerct
places the condition Of the crop at the enc
; of June NJ 500, against 81 last month.
! decrease Of "a points; condition Of Texas
Ii3, against o3.2 last month. A llk
deterioration by the government woul,
= bring the bureaus 1gurcs OF 951 las
month to S07 this month