The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-24
COTTON AND MULES.

The New York Tribune OF July Is says:
| Every bear In the Cotton Exchange gaiiy
| mounted on the back OF n Southern nulo
| yesterday. and with o. feather In his hat
lie pranced ana curvcttcd about the ioor
| of the exchange, while the bulls ran bel-
Lowing down the street The bears In tho
| exchange made mos, gallant and stately
| Appearance In the saddles Of their gor-
| poously caparisoncd mules. While the
| southern mule crop is kept zap to It's pres-
| rnt prodigious figures, the bears feel GER
| tain that the quotations OF cotton cultures
must 20 steadily downward. The bearH
declare with great emphasis that enor-
| nous quantities of cotton are concealed
| IN the hidden recesses OF every Southern
State The men who are trying to force
\ cotton down to lower figures assert vo-
| ciferousy that every cavern. every chaaIn
| aud every hole In the ground III every
| part of the Southern States IL now stuffed
| full of concealed cotton. In fact. the bears
I seem TO think that the cotton crop OF 1895
| must be much nearer l0,0ogoQV bales tnan
| 9, 10000. ana that all the planters In the
southern States have entered into rv-s
| ossai conspiracy to mlslead. deceive aud
doude the whole world as to the actual
| production OF cotton In the South In 1895.
| However that may be, II Is clear enough.
| II the assertions OF the bears are to DO
believed, that the mule crop In the South
number OF mules annually produced IN the
Southern States must run up into The tens
OF millions, II the statements OF the bears
are TO be credited.
Somewhat similar feelings possessed
them In January 1890. But that year tho
| bears wcra awakened from their happy and
exalted frame of mind by the discovery
that tho price of cotton was rising, AMI
the worlds spinners were short OF cotton
and had 10 buy II al any price. They
could not he brought to realize the exist :
ing facts for "a long timc then, and kept !
on selling on all the bulges nut tho
price kept soaring upward from 10 cents
and fraction In january until Just be-
fore Decoration Day II eliminated close
10 - cents n pound. and the bears went
broke" The bears are as cocksurc now
as then that weather conditions will be
perfect until reSt Christmas. that tfndo .
Ia dead. and Europe IL In no danger OF {
running out Of cotton. The cotton bear
In his drnarns secs shavod-tailed South
ern mules In such vast nunlbers--greatcr
than Nerxcs' hosts or the SANDS iof Arahy
tho Blest-thnt with this placid faith IN 8
futuriiy he WINS not disturbed yesterday
by the fact TINT there was shipped oft
of American ports, hound for Europe,
bo,2H bales OF cotton. or more than three
times the amount that was received ut thu
ports. Because receipts at thirty-one In
tcrior towns-47. 00o-were az large as the
week before. the bears said II was a stlre s
align of big crop. although the receipts
for the corresponding week last yesr ut
these towns were So 900 bales. or nearly
twice MS heavy. Tho stocks at there In
terior towns only decreased about 10000
bales. when the bears said 1t should have
decreased $1,000 bales. The fact that this q
Is the height OF the shipping season, ami
that Liverpool stocks OF American cotton
only increased 5000 bales for the week aud
are now 10000 bales under last year was
overlooked. The fact that the amount Of
cotton In Liverpool OF oil kinds Ii 400, 900
bales below last years stock also escaped
comment, as did the fact that there Ia now 4
IN Liverpool and adoat therefor 10000 (
bales less OF American cotton than at this T
time last year.