The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-14
g|OITeN TRADE PROSPECTS
Unit Latham, Alexander Z Co.
ThIsk Of tie situation.
now GLUCOSE HAS BEEN ADVANCED.
- Stea6y Gain II the Last SIX Weeks
Bash wire II In Better
Demand.
oface Of The Post,

a6ham. Alexander Il Co. OF New forh
have Issued very interesting circular In
1. xesnrd to the cotton crop and the de-
nnaud therefor during the past season,
and also include some valuable remarks
IN regard to future prospects. They say
The future prospects Of the cotton trade
Just now seem to us most promising. The
visible supply of cotton throughout the
world is 3sl,e24 bales smaller than last
year, when the supply was exceptionally
short. 1t is 1.3067ss bales smaller
than IN 1895. and the stock OF cotton II
the hands Of American spinners and the
quantity OF old cotton on plantations Is
less than for many years. The price Of
contracts for future delivery, except the
near months. is &c a pound lower than al
this time last year
The phenomcnally rapid restoration OF
confidence, revival of business and great
\ enhancement IN values OF all kinds. espe-
4 cdaaly wheat and other farm products.
putting In the hands OF the people largo
sums OF money to spend. VIII doubtless
cause during the year a large demand for
cotton goods, and greatly benefit the cot
ton spinning industry Then too, II is
mot unreasonable TO believe that a specti-
Z aative demAnd VIII spring up In an article
80 current and universally in request as
cotton. With wheat Mt nearly O dollar a
bushe and other commodities higher. II
Is not probable that cotton In moderate
supply will continue to sell as low as &c
for middlings in Now York.
According to the government reports
the number OF acres planted in cotton In
M 90 rco nun IL
ably favorable year from start to finish,
and the total crop proved to be 1901, ooo--
this was the largest crop ever raised
This year the government reports the
acreage at 24,0ll 900. and even had the
season been as favorable In every respect
as that Of LSJi-e6, the outcome OF this
years crop could only be l0.ll70oo bales:
but, from the beginning up to this date,
the season has been VIGOROUSLY far less
promising than In IS9i-95, and even with
the increased acreage, II Is not unreason-
able to expect a marked falling off from
the yield Of tlsat year.
AT the opening Of each year there III n
vast deal OF irresponsible. violently con-
fitcting guessing with reference to the
current cotton crop, and high authorities
nave gone aStiAy az much az 900 900
bales In their estimates. One OF the pc
culiaalties of cotton planting 10 that The
crop is never made until II is picked,
gtnncd, bnlcd. and even a cotton planter
muoh his crop VIII turn out until the
bales are counted.
As $4,000 bales OF cotton, In addition to
q crop of 500, 96l bales-in all a.07296i
pales-passeu out or sight during this year
OF iinfayorDble conditions. 1t Is not likely
that the growing crop viii prove In eX-
cess of the legitimate demands of the
world, when trade revival is rapidly
spreading I'm every other commercial In
oustry and branch or commerce.
The future prospects OF the South are
most nattersng urfd no section OF the
Union Affords such advantages Tor profit.
able planting
Last year the South doubtless derived
tho largest net profits from the cotton
crop since the war, because the year pre.
vtous IN nearly all sections of tho South
ample FOOD crops for man and beast Were
RAISED at home and by this means thp
crop was produced chcaply. the production
was NOT excessive and the price highly re.
muneiative. So long as such policy IL
auhercd 10. satisfactory results must en-.
sue.
The Price OF Glucose.
The steady advance In the price OF gin
cose has been commented upon I'm thl,
column very frequently in tho last ST,
weeks There was another advance of
points last week and present quotations
are about as near highway robbery as Il
Is possible for legitimate prices to be-.
Ihe advance In glucose quotations ha.
also caused higher prices for molasse,
ana syrups. and for candles and iellics
Inc gam in corn values justified a slight,
better price nor glucose. but the bulk d
the advance that has been made ia anerel,
duo % trust procllvities
Inc glucose company ~ capitalized a.
xVvoo. No, OF which S1i, 0O0, 900 Is 7 per cen,
cumulative preferred stock and "a odn ~
common stock. The companW's e,ha RI nj
distinctly prohibits the issue OF any bonds
mus swing the stocks a unique position
IN that their intrinsic value may be rerls
, oned with some degree OF accuracy
INc SIX largo concerns absorbed NV In
trus, represent practically the entire glu
cose OUTPUT OF the country A conserva
uvo estimate puts the net earnings q
nsS new company at 100000 anr,s,ally
ThiN would pay the per cent dividen,
on the preferred stock. per cent on IN
commonNytoe and leave a surplus OF 81,
on the eptireN stock.
California Dried Fruits.
Regarding California prunes ana raisip
. letter from the coast says: o,rhere I
considerable business doing in pr,,aes. m
packing houses In tho Santa clara vallc
are not prepared to take further o,x,or
for grading and packing OF prunes n
shipment during October. Prices arc Ar,
and the tendency Is upward. In Calfforni
raisins cutting and curing has beoa
quite general. New crop Will soon /
ready, 50 that packers can begin oper,
tons. We learn OF buyers contrarfin
for mcrchantable ralsins In the sweathc
at 3lfc. but we do nct understand IN,
packers generally are paying ehis nric
The crop bids fair to exceed the harve
Of hast year. Buyers ana sellers are !, M
On pr. ces and the trading at tho nome
4 cry w"
Wire and Nails.
4 Wire mills contime In steady deman
With stocks short at the mills and q
ders piling on the fies OF n,anufacture,
Johbers report prices firm. with am q
vanc4ng tendency.
IN barb wirc there has been mark
Improvement, fall requirements berinnl,
e. shape the market and prospective j
nana showing up IN Promising fashlo
New Goods
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