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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
Aug 29, 1902
Page
10
The report details a broad market retreat with grains dropping and stock indices sagging. Liverpool rose modestly while New York and New Orleans fell, as bulls retreated and bears gained ground amid cautious foreign guidance and profits realizations.
Bearish factors from favorable weather weighed on sentiment while buyers stepped in as General Whowt and Gorn rallied on strength. Reports show fluctuating activity across sectors with signs of recovery in later trading and momentum toward the close.
Marine intelligence from Galveston reports arrivals and clearances of vessels, including Am Ba Comal and others, with cargoes and routes. Market notes cover iron, steel, and pig iron prices in New York and London, with currency quotes and weekly cargo figures for September to March.
Recovered New York August 28 reports say the cotton market opened weak with prices down to 10 points as selling by commission houses and bear operators followed forecasts of light to soaking rains over key growing regions. Liverpool cables were disappointing while sentiment softened until Wall Street bids emerged. Prices showed slight gains later but the overall trend remained down amid persistent selling. Cargill Richardson’s Letter from Houston notes cotton prices declining on rumors of rains in Alabama and Georgia.
The report covers Liverpool’s price moves and American market reactions from Houston to New Orleans. It notes cotton trade shifts, weather impacts, and forecasts from Wisner and others, with emphasis on futures versus spot prices and potential upcoming volatility.
A damaged OCR fragment provides scattered words and names with no coherent event or action. readable elements include partial personal names and places but lack dates actions or official context. The item remains unclear and no definite notice can be determined from the fragment.
The report from New York and Houston describes mixed cotton trading with price signals and speculation. It notes rumors of outgoing supplies and a tentative outlook for future days, mentioning August conditions and firm demand for certain staples.
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