The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-11
|BOLLSM VIEW OF COTTON.
Hubbard Bros. & Co. Predict Much
Higher Prices.
rHe SUPPLY RAPIDLY DECREASING.
Durplus stocks Have 'Heen Consumed
and the END of the Season MAY
show q scarcity-Notes.

ia ON the sth Of last February Mr.. San
s Z. Hubbard. Jr.. Of the hrn OF Hubbard
Bros. 4 Co.. New York was IN Houston
ard Rave'a reporter OF The Post an inter.
view on cotton that was deed, idly bear,
tsh, He predicted much lower prices. al.
though tho general sentiment at that time
was very bullish. In less than a month
cotton had declined &c and before the
end OF the season showed a loss OF nc
This year Hubbard Bros & Co. have
taken the other side OF the market and,
5n an Interesting letter to Mr.. u. w. Mar.
TN. their representative In Houston, give
their views as follows.
New York. February 5.--we want 10
urge you not to worry over the dullnoss
At the prcscs. time. 1t will change TO
great activity before long. as the situation
~ rapidly becoming a critical one. from
whlch We see no relief except IN an I'D
vance TO point which will check con-
sumption. This may seem strange In the
race OF the Lack uf Speculation at tho
present time. but the continent waits for
Mr. Nciirs crop to appear In sigh, ana
as likely to take alarm at any time a
US non-appearlncc. DID you ever happen
" MINK that nothing but the unparalleled
carly movement OF last ss,4s1n and ,hs
shutting down on the r.trt OF tho Amer
Gan l.sls prevented an absolute cotton
famine ut that tl,no?
Mr. Innian was only bsxl.stn by tho
orVutn from making one OF tho greatest
uasnpaIsns IN cotton annals. Let us illus
.'utes We wnnt oynr last season with an
-. n1ne .,,h v'ts,e supply OF lVi0Oj1 bates.
~ ~iich VIC received In August at least
inuv morc than We ever I'D b,,fnra 81,
Nhat month. nnd whAch IA IS fair Ia as
suine we WIN not receive again Tor Year,
our crop now points to i,.ss than 5 sol.rn
we are soD.Wp bales ahead of IA 49,
crop ana losing r1paily from an S50Dnl
una ''l"iVv, 10 Justify setting the ytcld
Nown az S,r'Uo We have hal n, ro1-
Siderable amount OF had wcsih.,. 20 chr
tan The movement mora than < i usrl-
ailN cnrtailed every year from time 10 /
Tine The consumption ~ American cot |
ION Tor the past two years OF had trad. ]
has been S.I50lri each year Tgiat T. "a,
nave RAISED lnsD,"np and 7.iininl and hgd 1
l.ss 'nie and Invisible Fupply ou Sen
femher J. lNpi than on September l. lsgt !
80 that III Is fadr 10 a.surne $50 M ron
sumption this season Therefore e-HOA 4
,ss ntst he tax ~ from tho visible sun.
plS, 1s thore were no reserve invisible
siipuies ON Septcmhcr I iNS That would I
r"iucn tho visible amply - $4,000 baies.
and from this 5000, bales must br o.
ducict The luttvp bales extra received lesf
August. whi'h we will not nave tins sta.
sun. This w1h leave Il Wis Hc supulv -
.WVn bah-S American cotton on Seuicin-
nS l. iMn lhht m'lnS mat unless We
have very early September movement
there VIII ho practically no cotton az ali
ON tlgfDbsr 1Cy1 In trur.t,..tu 49,,
IL vou ,vlt look m ~, N,,'.,., nc -.
etiunly an lsantrn,Le, I ,y,' u.ln A., t
follow. 'N' va "''" u a.
September t0gn .ste IN, ,.,t.
! isai '''''''''''' ~ ','' , -
septornher ia '''''''''''' ~, A.. pIi'H
+ iSo3 ,'l,S.n 10,
! ieqt ''''''''' 49, y" y,
lV,, ana, mn, ti,T
g,ntan,h.r / i.qc ''''''' in,e M, III !
eanfeu,h.r I fsa7 ''''''' s.-,i, .'1 80
.s,tr,,,'.,r,, ma .. &c
h irh.., ,,,,,D ~ H., ." 'a t,iipl"'l ''4N'V''
ny ~ sle,,'ptlVi N't"'N"
has ,,s.s ma m, SrpWS now
ana o,,.n i,,,n .,E 'n,'rttaa' W 1870
which vcr,. ~, go, W. ,,,i, ne - IAt'
rss s,id ,hn, 30 49, $500. .'.,3,H' my
,irea ~ ae.t,. 10, H. W, 'nH-
Tho t, $500 So in,'-''- 80 81, ~, !.
AZ -, = ,,-5 IN, ,,l, a.'p'lt i-."'''h lt1N-
T,,, a., p,"l' or Heu'ltlE Z
,ro,,Ls ~, ~ ,.', "'rc'H 1870 ;
NJ ~. W. ~ '''" ''l""'' 'I' VI mo SiN'c =
-, pNs -, ~ .....
- t, ,,lNt W. iuiF' 10 th' pAeuc .
~ i.'n.'''s ." iAl Eu'N MY" hil 1,N @
'Grnwine rnon Manoho1tor ANIL ~. Torf ,
+. w ": u. y ~" KAY 3.s @ ss5..
@e, 'gsrsni"S sra If I1F'| as i sG'f Ia.