The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-11
COTTON CROP AND PRICES.

Houston Texas, November 10.--Can we
bales on this crop? Do you believe the
receipts at the ports have been retarded
100000 bales by the yellow fever and quar-
antine restrictions? Increae at Galveston
and the Atlantic ports does not indicate it.
The visible supply is $4,000 bales less than
last year. Receipts in interior the past
week were 54,413 less than same week in
1894 Movement into sight for the week
1898 bales less than 1894. Receipts to date
less than last year. Nothing yet to show
or indicate excess in crop. Nothing TO prove
that even $3.50, 600 bales will be reached.
Consider moment the value of receipts
necessary to add one million OF bales to
last years crop. or TO reach the big crop
OF 1894 1896 of 1901 600 bales, and you Will
pause for further consideration when you
think OF Mr.. Nei's figures. In October and
November, 1894, cotton put on second
crop, the largest in It's history in this coun-
try-ccntinued to grow and mature. Pick
ing pIogI essed INTO the spring months No
such condition exists now. Our general in
formation is that IN ten weeks this crop
has nlatured and more than three-iourths
OF it gathered Frosts have occurred in
many districts, and only in favored local.
tiles will the top crop make material DIFF
ference, This sudden volume OF cotton
gathered in a short time is misleading the
world in the CROP See no reason TO Change
our views of maximum figures, 9,750,oUO
total crop; 2,i5U,uO0 tor Texas.
With the big crop figures and views, com
bined with sentiment, influence and utter
GEf nf th4l ftffI ba N
backed by the same interest OF large buy
ers and handlers OF cotton holding off and
letting the full weight be felt, prices have
declined TO lower price than the most
sanguine anticipated. and lower than In
hfty years past with one exception. Each
day IL is said. lack OF support to epot cot
ton"-the combined interest in direct OPP
position TO that of the producer who is now
selling his cotton below cost of production.
They could by the same combined power
refuse TO sell cotton for even one week.
and enhance its value l cent per pound.
Prices have declined from &c 10 5-S in New
York contracts, with slight reaction at any
time. Spot cotton IN interior is selling be-
low cents One extreme brings about an
other The spring months in contracts Of
fer better investment at and below cents
than best realty in the State of Texas. Once
the trade realizes the big crop estimates
ana surplus expected exists only in
the mind. and figures on paper, in
excess it may be of three fourths to
che million bales actual cotton AMI
the sentiment will change. The specu-
lator, the big and small buyer, the con-
sumer and even the producer will want
some OF 1t and a rapid advance OF / cent
per pound is reasonable, cents possible.
The changes can not he effected in a day;'
but the very low price is attracting attcn.
lion and investment buying taking place
daily. These holding cotton must be pa
tient to reap the reward certain 10 come.
And we call special attention to the clos
ing remarks in Messts. Landauer G. Co.'S
last circular. They are directly TO the
I-lnt In issue Don't wait too long, but
secure some of this mig opportunity Tor in
Vestment in an article nonrerishable.
Yours truly. Ruler.