The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-12
COTTON WAS A PUZZLE.
Prices Declined Notwithstanding Many
BulIish Features.
GOVERNMENT ISSUED REDUCED ESTIMATE
Total crop placed at 5000. Oo0-rexAs
Crop, 2.457.ooO--Flood OF Bear
kilograms.
Futures a to points down.
spots quiet to steady ana ""-
changed.
Liyerpool 2-04d MP.
Liverpool 2-s4d MP.


Office OF The Post.
Ho, ston, Monday, December H.
Today's cotton market was about as near
= Chinese puzzle as anything else and even
IN. oldeet operators hesitated to oher
so,,son to Il. The very bullish report OF tue
hurea, OF agriculture did not have. appa-
gently The slightest effect and those VINO
.,nec.eH TO see prices go soaring as result
n, the reduced estimate sent out nv the De-
nartmen, were very badly disappointed
A. ,,ua, on such occasions, the fault can
r,obahlv BIO traced to the doors OF the pro-
,oss,ona, tears who are becoming even more
sssners,e than ever before in their efforts 10
induce tho Southern planter to part WIN
his last h,ie Of cotton. This side of the trade
was very busy indeed today and even 'N'
fact that yesterday was sunday did not pre-
vent them from getting In their WORK Az
,ording 10 reports received from i"4ee
number Of points kilograms WeFo sen' ouN
from New York yesterday all over the SOUTH
stating that todsy's estimate OF the govern
mept would he 100000 bales and tods! inc
country was flooded with messages poin'ihs
out the difference between the report issued
TO-DAY and those sent out bv the bureau !"
the past. and alleging that under the circnm
stances such figures could not be depended
upop.
ffacucaly no O."0' '"''- ID,
OF inc markets. 'o""F Ga" "e a.,
erpool cablca were rather favorable, nut
In spite OF that fact the figures at the opening
on this side were from to points lower
than saturday. and little or no strength was
shown during the entire day, There was
some huctuation OF course but the '"ns'
was not wide and the close was at aoou. Wv
opening figures or 10 down !" NJ" IVA
and 10 down In Ne" orleans
The bulls are not greatly uishear'eh'" "s
the pecuiisr turn OF afa'rs. ihey ai'eE' WIN
great deal OF earnestness that inc m'si'"u
inE information already alluded to SHOWS inc
weakness Of the bear position rather IMAM
anything el5e ard any that the ehect "hi'A
was apparent today VIII be- only temporary
and that the result Of tho bureau f reduced
estimate vii nrodn'e the eNpeotea result
within vefy short time. Soma Of the oeF'
known houses IN the country are 9'''Aus
tho buyins nj cotton AT present prices Pc
cause. they claim the bureau report wiz
stimulate the foreign spinners ana sena pricsS
NJ.
Another feature Of the DIV to which the
bulls pointed with great deal OIL Subtraction
49,, n,a,voa ,rohorce5 po,ui,nstardins the
.a,,,o =, n,,,ras y,yernool sno, business
ona a, nri,es -sod HIGHER than snt.
-. IN noo ,oiss ot xyh,cb a.a0 D,ero Arneri
- s,la AN az tho lnrqe- borne mar
l,ats rsnoed tror, oniet 10 stnadv and were
h'' i"NeNN A 50.
unchanged Business was hol IaFbe pu'
come sales we're reported from New york
New Orleans Galveston and az Houston
-. ,.--t NJ. .hs
lDe movement WIS e"''St''''' ''SA' tN"'
ahording another reason why the markets
should have done that which they did not
No. t,a,,s,o, ~, mid. ssao
90 Necs'pt9 az t10"a'OH Ne'' MY ''-'
against li,os2 last year. while Ter tomorrow
the estimate Is from a0Gl0 10 o. 900 against
2O4s7 IN 1888 ana le.65s in 1895. New orleans
expects 70 receive from 1000 to l-'ooo bales
tomorrow as compared with 2o,955 last year
ara IN 40 ,b,sn yesrs ago Port roootnts
gu "Y',' 'u' w
were +25'2 against $3.50 last week, oi'ol" last
wear and 6i44o In 1896.
-r.s or,.t.. -, f,,,,r,. d, Now yorl was
tne opening on ''H'''' w -''" '''
at 7,S5I726 and the close at the Same hsures'
the high and low selling heinsd one at 7 SO
s-e, ..,,o,,t,aiy ,f,rcb a., vco, Ortc,ra
opened at I1ad12e' sold high at t25' low
a, M and closed at The opening figures In
-, -. ~, -, - ~ ,or ~, h,,h,s,
'"o 'epV'' VI '"' ''"' ~ "A' 40
iesuen 10 eN'""ns'N u"''"s '"e ''' wa" ~
io'io"s'
ine S'"tlS'l''"n on ,pe "ep"' 'n'v ',' W a.
fl'"i'uro reports S''V''V'o "''oS DO ''o p''o"
ble production OF cotton Tor the United States
for lS9a-la00, This estimate Is based on I
larger number Of both general ana bpeNia
reports than has ever before been received ny
me department weather conaluons uurint
the past thirty days have been mainly iavor
able 10 whatever picking remains to be don'
so that tho general condition OF tho crop II
slightly behind one month ago. Continue
Investigations leave absolutely no doubt ma
me crop is even smaller than was ihulcatet
In either OF the statlsticians previous reports
The estimated productive area IN tnousahu'
OF acres is as follows: virginia AZ Nort'
Carolina l220: south Carolina ~. Georsl'
32ss; Florida lis, Alabama Sbsi MISSISSIPPI
sISi; Louisiana ll,p' Texas oeiZ Arkhnsa
l.-o, tennessee $40; oklahoma l's; ihu'"'
Territory 2ss Missouri ~, totai z3o.s,
Estimated yield of I'M cotton IN pounds pc
acre 10 as ioiiows' virginia ~ Noith oai %
Florida "a: 100 Alabama i!e; Mississ up, r 2os
7 nasssa iSs ID oIiahoma tx. indian Tcrritor
22b. Missouri lp5.
Comment is hardly necessary, as the ne, re
potsa e' ,hst ,rcorains 10 Mr. uyde's AZ
ures' the estimate OF the Texas crop is place,
al o4bI 900 bales
The New Orleans Times Democrat OF sun
dsy saws.