The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-22

ueeds 9.4I0,000 bales Of American COTTON
this yesr. That h $4,000 bales more tnan
was consumed last year. II Will DO the
largest consumption ever known, conse-
| quently wc should have at least io,VVV,-
| 600 hale crop 10 leave q comfortable sur
| Mus AZ the end Of the season. Instead OF
| that II does not seem possible for this
seasons yield 70 be over o,b00,OOO ba,es.
That being the case, cotton Is now selling
cent pound too low, and believe u
VIII advance. have Investigated tho
Texas crop from every standpoint and
think 100000 bales is the greatest yield
possible"
Mr.. r. X. Dorrance Of Dorrance, Ne
L Vile & Cairns: Tho cotton market has
been working under adverse conditions
from the very beginning OF the season and
Is still suffering from several depressing
factors There should certainly be
change some time. but the outlook for the
moment Is not particularly bright Per-
haps a frost or spell OF cold weather
would brighten spinners into buying and
cause a temporary advance, but | do not
think holding cotton In Texas VIII work
out the desired result. We will doubt
less have higher prices during the season,
but thcre Is no need to deny that condi-
aging. 1t is generally at such q time
that change for the better occurs. how
ever, and 1t Is to be hoped that such will
prove the case soon. / place the Texas
Yield at 100000 and the total crop at
9.750.00o"
Mr.. e. w. Taylor Of II. D. Taylor 4
Sons says that cotton under cents is not
at all encouraging TO trade and has had a
depressing effect upon many country mer-
hold the staple in the country" said Mr..
Taylor. "and II is difficult to say what
h best under the circumstances. AS a
rule. am opposed TO such holding, having
found that 1t netted our customers more
loss than profit. Cotton is certainly SELL
ing for less than 1t Is worth, but 1t may
sell much lower before the bottom Is
reached. l really think that the bearish
factors have been exaggerated, however,
and that present prices discount all I'M
favorable features In the situation. The
general movement does not seem to indi-
cate a crop over 9650,0O0 and the Texas
yield Will hardly go over 100000"
Mr.. X. II. Hooper OF Bateson, Hooper
Il Co.: THE Texas crop will be 1000 900
bales and the total United States pro-
duction will hardly be less than 10000
900. Such n crop would not seem to neces-
ei'ate lower prices than are now prevailing,
but | believe that there will be a further
decline. Europe Is buying very sparingly
and as long as this country has the load "a
carry prices are likely to remain low"
Mr.. +. Cargill of carglll & Richard
son: Speculative sentiment Is changing
some, and many we'll posted operators who
have formerly been short OF the market
are quietly taking In their contracts on
easy periods. The interior shows some dis
position to hold which. " generally fol-
lowed, VIII cause n cessation In the move
mont, and as this is the all important
factor just now 1t would have al stimulating
effect. We have previously had exaggerat-
Cd estimates of the present crop, but It ID
noticeable that we'll posted people In the
business are disposed to modify their
views. However, what is most needed
right now is an Improvement In trade and
some demand for spot cotton | estimate
the Texas crop at 1850. 900 and the general
yield at $3.50 .000."
| Mr.. w. b. Chew OF Carson. Sowall &
| , ~"
ne' S'a.es u'op az ''''''Voo paios' IN
'o' 'eN"s' "n''her tn'
h,,t ,,', 49,, ooI,'ul III haru 10 ven
hpfore ,hac.' ~ W. WIN seS lower price
Tho s,atis,jon, .,;,, ".,a'.n v. CONSEQUENCE
,ynrr,rt a,,nn - '' ' US Hot seem u
noonin ,ha .ro peSe"l prlces' put INC
facts o,,I ny, Dus 'ollo" are ignoring al
our crnn - ,,,., hau oNpret 70 purchase
~ '''' "se''"e'
Lucy OF - H. Lucy Co
'''''N 'O''o" ~ s''i'"s loo low and be-
,"'e 'no '"'l'er is act'hg senslbiy
- "''N','s ~ IA Seiuo'i thst advise such
ac''on' but 1t seems to M that there Is
nothing whatever 10 warrant tbeso nrice.
Tor cotton and | believe thnt n viii se,
from now. / think n possible for nc
crop TO range between 9,f5o,o0O and 10,
om, 's,es, owr sueh yield VIII not h'
nish nnywhero ron soo 400 'n W. y, oon ,n Npr
bales"
d w, Hunter OF b. W. Hunter & Co.
II think any estimate a, ,ho c,t,,, ~,
excesa,,, a soo ooo wv
''oV'ooV paies out OF line al