The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-11
COTTON MARKET REVIEW.
The Largest Acreage on Record Is
Contemplated.
GOVERNMENT REPORT WAS BEARISH.
Prices broke sharply AT New York.
The New Crop Espccinliy
Weak.
Houston, Monday, May 10
Office Of The rost.


According to the report of the United
States Horticultural department. issued to-
day, the cotton acreaA contemplated IN
the United States is about per cent
greater Than ever before known IN"
| governments returns show an acreage "a
per cent larger than last year when tho
planting was las per cent greater than
me year before. and Only shglu'y icss
than in 1924. In 1924. when the Weld was
le#leV bales, the government estimated
the acreage ut @,6S7,s5o If the 1877 acre.
age is per cent greater. there Will ho
A,6SS,co acres devoted TO cotton this ve,'r.
III the yield Is IN proportion 10 the produc-
ton in 1915 the total crop will he some
thing over looNWo bales should the re-
turns per acre average TINS years Yield.
the lSi'-sS crop VIII I've slW,WN
INC bureau estimate of the Texas acre.
age gives an Increase of per cent over
tast year, The Posts report, issued the
s"st OF April made tho increase per
cent This is striking similarity. and
doubtless both reports are very near the
true increase in this state. There is no
Idecrease IN any state, ana the largest
increase is IN TEXAS. with North Caro-
lima next.
1
May was Si9. which is considerably less
than at tina, time last year. though about
rrh., 80, =, ~ ,,,,ro',,, ,n,,o., ~, ,,
e y. Inv ,''.,a,' y" .ne
market was rather hcartsh, the new crop
Iteing especially weak New York closed
~ - po',i.s ,o"", s''i ~" N,.!V'.ns "
10 lower than saturday, tie greatest loss
being on the distant positions.
me snot markets held very STEADY. and
sales were quite large. stocks are de-
of~as'hs rapidly ana the ohi's say thNt
big crop next year can not help the snin-
rer who needs cotton I'm July. August and
September Spot sales were large at New
York and New Orleans today. Now YORK
sold lS95 for export and les, to spiuners.
prices there being reduced Lie.
New York futures opened quiet and
firm. with 7.as old for August. The high
est sale was at 750. and from that noin,
49,, ,,,,,,a San 49, : A, 49,. ,,., ,r,,o,, 1,,
."e p'l'o 'eH no ''' NY n'o"' "e" wv
bureau report was received and August
dropped 10 73s and closed at TsI{i7 s.
nsa,ne, = 40 ,,as,sns., n..s,,,,,ar ,e,,
','
ana closed nj s.sbasss.
IN New orleans July started with 7 Il
BID hut fell TO I2I during the afternoon.
Towards he close III. market unp,ovo1
slightly. final figures heinz 7 qct7 40
cy,ins, : as657 AZ voate,1av
Houston eNrects $50 TO 200 bales ,omor
roa,. aRatinNt To- i, on tne same NY 'as
for 220a ia gGUO aV,inst 2n;T
re -
The soltouy,nr ,Iar,or, ,nro ,o,,,s,o-e,
mt inc Cotton Exnhopco ,nI,,'tS ~ ~
rurror az g. ,,,, 1,p'S -. =,
,vernnoI! W u 1si,rhxo, q GU H. isIhsoH
W. - ''"''''' ga" N'to'iV'
Neu, yorl Nav IN trb, ,>,.,, =, a..
''"y iV'i'e i"a'"'e VI 'h'
day 3 coiAon market was the governmen
n,are5 o,,rcave ,bms c,r nl,,toa rb,,
I vas onnopncod ,t 10 o.c,ock IN n. q, !
arainst, So6 INV. avorn,ee for ,ha lac, se,..r
years. me nercar,aro las, yonr ,,,s
"a r,Ic,vinc ma on,onnco,,,o,t ii,
-, ss'. 49,"
H"rket h'chtieu Sharply oH' POINTS, ~
the weakest interval prices declined S,l,