The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-03
WHO LlEDf'

commercial special from ~ ~
tanned the following; ~" IN n
Confidence in cotton b..
abused by the heavy maw as ~ W
nlg ho"hc which recently nv. nsnt Y 4
Vrop estimate. declared r ,os ioftl ~
moheu as IL the South had tHl|
aions' This is strong I ~, lIN m
WIN l,zoo,ooo moro bales sa ssua RI
yua', wnat other concluslon ra9la n
,iVeu al Losses here ana souia n
nave oeeh serious. because ~ hpsS1
nE"ics pnt iorth earlier in thu uc ~ e
o our DIS banking houses M" esIsoo
s s,,fSerSra &c higher, being smss
ana SO the New York specu.,..
the News correspondent th,nr 4
mas lied about the cotton cra.
these lies have been responsible. =, =
loss OF 50 per bale that has ~.
since November A? Crop lies 49, .ss
~ indulged in by cotton eyno,,s
seldom that these false stat,stIc. .
from the South. Nearly eyorv
mate that has been issued ,b,s W VI
either from New York or fro,
Ihere Is wide diversity OF onIr,.
these, and the total crop /. an,
known quantity.
Up to January about ,so..
n"se .o''e INTO sight With thh !,
OASIS 10 calculate upon. the to,,l Z.
may prove to be only slightly ovo, ! =.
bales or 1t may be 9,25o.ooo bale. y I
least per cent ever marketed alta.
(2l,os) should be brought fo,~...
balance of the season, the for,r,. y
would prove the true yield; II "a. M
mum per cent GID ever record.a !,
ceived from now on. the crop Win.
the last named figures. In o,bo, u.
II 'he movement OF cotton during Ii. Z,
four months has BEEN equal to In ,r,.l.
marketed crop ever known. tho 49,,
not promise much over eight MINI. !.
" we nave mad an unusually SLOW mn,
ment since September |, there /. I. M,
bllity OF nine and quarter mIl,,o.. !, Nj
conservative man believes that e.Ar \
these two propositions is correct nm, z.
contend that the former is nearer ~
than the latter. Doubtless the ~ Y.
10 approximate the total result ID 10 - 4
pare the present year with the ayeran 4
a number of seasons. Should The Avn.
for the past thirteen years be msrtetes \ \
ter the LIST of January. the United s.,,.
yield will be 100000 bales.
What is there in the above to causs d,
South to be classed as a nest Of lhnf
New York statisticians claimed nj Nay
that the South would produce iaoOo m |
bales of cotton. In July and Ausust n
largest cotton States were visited N 4
severe drouth, and the crop Rues,s 4
down their estimates to 7,7bO,ooo NJ.
Rains In September caused the plant 4
come to life again. big top crop va N
iuced and estimates were raised d 1.
100000 bales. There is nothing In u Il.
uation SO far to show that the total ~
Viii exceed the last figures. It = ~
nat some European statisticians pfediai
;rop OF 100000 bales, but theg MI
missed it before and are quite llkah !
miss it again.
There is one thing. however, that n
pest posted statisticians have agreed ~
that the world will need $500, 900 bsis I
American cotton this season. With no
'eedingly small visible supply At III v
INNING OF the season, and q conSumvdn
quail to or exceeding the present crA
here is certainly nothing in the satisfied
utlook to fr!ghten the New York specu.
ator. The worlds visible supply Of cc'
on is only a few thousand bales greats
nan II was at this time last year, nd
romises to reach the maximum 6gufa
cry soon. The outlook is for rapld4
supply. and total BY nsa
ctober as small. If not smaller than
'r the same month in 1896.
No. the South has not lied about u
cid. and the past and present recepu
re not altogether an indication Of mod'
or crop. Why not say they were psssa
lie to forced marketing OF holdnn
used by misrepresentation from ~ &
orth? For weeks prior to the NovsmpR \
ection every prominent cotton broker +
e North and East sent out circular -
tiers stating that the future OF ccus
ices depended upon McKinley's elects
Bryan is elected cotton will declih
nts pound" was frequent y.
should Mckinley be chosen president -
II mills will resume work. finances ~
prove, prosperity will be restored -
tton will advance steadily" was q ssv'
yped phrase. Such talk as this cans
1m Hubbard Bros. & Co.. Price. acee
lex g. Co.. Henry Clews, Atwood vo''s
Co., RiOrdan & Co.. and many otner y"
own firms In New York. They dina'
into the ears of every correspondent ~
d In the South, published 1t In the ~
pers. and kept 1t up until the Vefy1s
the election. When Mckinley "
oson to revive the country's indu
ubtlcss many farmers and merchap"
,mbered and relied upon these promso
ssss
But what was the result? Cotton oss
Ing down the day after the election
S continued on the down sraae ="
zee. Is 1t not reasonable to suppose
$ INSTRUMENTATION OF Mckinley COW
ace caused the heavy losses deplo1eu