The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-25

For next four weeks ......,........4.A 1851
So down 70 September q mis- year Texas
had s.e5 inches against s7i in ises Texas
entered August with rs In fourteen weeks.
She had two weeks of fair rainfall. weeks
ending July II and IS tsay 2.sl). after .sevou
weeks severe drouth teD. The wonder Is
that Texas made any crop at all
Outside OF Texas the rainfall In twelve
Yea Year " o''O''' . Atlantic. Gulf. Crop
1899 ......,........,......1l. GA ....
1895 Observation-Disclosures. 60 14.0i 11,2l5
1897 ...,.............'...,. s-ss i'sa leo
isss 1, nj. cron IN The htla,,o and euIf
States is not hottor than 1896. II must he
because they had too much rain, not too lit
tie; but this Idea wont work, for they had
less rain than in 1895 which made record
crop, and about the same az in 1897, which
crop exceeded 1895 by 2,450.000 bales. The
movement Is small, but that is no criterion.
interior holding back, exporters idle for want
OF basis, large carriers of cotton out of the
market, and Southern mills buying largely
in excess Of amount counted weekly
From a San Antonio gentleman Of prom
inence who has been rather bearish in his
view OF the cotton situation the following
letter has been received by Mr. Frank Fix-
hugh of the orthweln Fitzhugh Cotton com
pany. Galveston:
San Antonio Texas. November 81, 1900
Your interesting letter OF the 18th instant re-
ceved. am beginning to believe that the
prices YOU name will uu realized. and that,
TOO, within a very short time. inciosc
you herewith comparisons OF the 81 crop oil
1851 during the present month beai IN
Ind that we are already nearly 100000 bales
behind this crop.
II believe that the bears are being stu
pendously inisled by the amount OF spot
cotton held in the interior towns. Ihere cav
be no doubt that these stocks are large III
they were not the crop would not eAceuu
6oJo,O0O bales. Take town like San Mar
cos. Tor instance, where there are about -uVo
bales At this season last year they were
receiving an average at 100 bales per day and
about 500 bales Saturday: last week they
received an average OF about thirty baies "A
day and only about twenty bales on Satur-
day. The receipt there today was one bale:
This. however, was due very largely to bad
roads. This town is tar example of all
the others that | know. The stuff is In the
towns. but n few days of normal receipts in
previous years would more than cover tho
amount OF stocks held, II does not stand TO
reason that farmers who raised crop eN-
poctng to get 4c for 1t would hold TO 1t when
they could get 6i5c to &c. The testimony of
all the best informed people in this section
is that outside of GILLESPIE and Comal ooun-
ties the cotton is practically all out OF tho
hands OF the farmer week ago Mr., Lips
comb of Luling told me that he knew pos
itively that 80 per cent of the cotton in his
county had not only gone out OF the hands
of the farmer, but out of the hands of the
dealer and merchants and that not over II
per cent of the crop was then left In the
fouuANs lulht Ol tOuTst, is tH tNteNlt Cdht
II this condition prevailed generally through
out the State the crop would not amount to
over 5.50O.0O0 bales. am much inclined 10
the opinion that there is going to be tre-
mendous awakening before long,
~ have referred to the crop OF 96-7. In
looking mp prices that year | find that Jan
uary cotton about this time was selling OF
SIS in New York and on the first of Jam
uarY following at SIS. so there you arc
We then had two small crops In succession.
while VIC are now marketing the third large
ETD AL Thg "a On Gft ia thfsnl
THE main thing in favor of cotton now
is the excellence of trade, aud am inclined
To think that this is a moro important factor
than tho stutiStical position. Camp