The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-12

Only entered this seaeon with visible sup
ply OF 2,tSo.ooo bales, even faith cure bear
can see Why we are likely 70 see uaseuy ,n n
| have taken account OF the increased
consumption. as compared with last year,
which Increase now points to 5000 bales
100 600 bales Oh the Continent and 100000
bales in Japan, and Of the fact that accord
ing 70 Hester the bales in this crop welsh
amounts to 10000 bales. Let mo recaptulate
Saes is sSRI supply september l. is9s,
loss Of 1000 go o bales sso in I tnis orp p
crease. 10000 Southern consumpuon:' IN
crease. 10000 Northern consumption; IN
crease, 10000 Continental consumption III
crease. 100000 japan consumption: loss. 80
900 light weight grand total. 3,350,0co. You
will sec this consumes It ALL and still leaves
a dencit OF 500. 900 bales at the close o. THIS
cotton season. This Is on basis or $1,000
for the crop while It may turn out only g.
zoo, 900 bales
will be q big surplus at the end OF the sea
son and that the consumption VIII be re-
duced owing To the 20 advance This. now
ever is not borne out by the reports from
Northern milling districts, which state ina,
mills are working to their entire capacity ana
vet And themselves unable to keep w with
orders. AS a result OF tho unusual ACTIVITY
higher wage scales arc bainr adopted.
Especial to Tho Post-)
w. H. Bachelor g. Co, Ltd. say OF cot
ton. Liverpool proved disappointing to the
bullIsh element this morning and In oonse-
quence prices sagged. but upon the thoroush
digestion Of the government report Cssueu
today a recovery was In order, WIN nna'
prices a triie under the highest OF the Jay
The department OF agriculture estimates proo-
able production OF the United States THIS
season 100000 bales. based on the largest
general and special reports ever received oy
the department. Picking weather has been
perfect the past thirty days, and further IN
vestigations from every quarter tend TO IN
dcate even a smaller yield. This report
should further add to the detenseIess plight
Of the European spinner. The deficit In the
East indian crop will also test the magnitude
OF tho American crop with vim which mas
had no equal since our late civil war. Mr..
Neill continues to hold out against the world
and some peculiar proof of increase In the
movement must be in evidence before any
credence Will be given such an absurd state
ment The untenable position of the Eu-
ropean spinner is we'll known TO the trade,
and the holders of spots have only TO dis
play n little patience and courage when The
present struggle will be brought to sue
cessful close.
cargli Richardson say OF cotton The
bureau report issued today was awaited with
interest, and when received fell hat. little
nervousness was seen Just before and after
ket quoted fluctuations being narrow aud
trade light. Large selling orders were IN
the markets TO take profits IL any were scored.
and probably caused those who were Inclined
to bull the market TO hesitate. The move
ment was moderate. II now remains TO he
seen what action Liverpool will take on tho
bureau. on our markets they should be I'M
changed to i2-6ith up tomorrow large
Broadway house flooded the south with bull
messages yesterday, and this morning were
reported sellers in the New York market.
We looked for fireworks when the bureau
was given out today but we're disappointed,
and wll have Ia hn coutented with the nr
works that Will illuminate the No-Tsu-oh
par7de tomorrow night
New York. December lin the speculative
point Of view tod5v's cotton market was not
success Al no time was the trading &C
tive, while most Of tho session the Pit Was
nearly deserted After opening easy at de-
cline Of SSi6 points--thts IN response 20 an
rnfavorahle state OF affairs in Liverpool at
trihutrd 70 the British reverses N South Al
rica--the market followed very narrow
course The existing confusion of ideas con
corning the probable showing Of the Deem
| Der crop report was partly responsible for
| the lethargy. There was little stimulation Z,
| trading after the report came To hand. Thu
crowd in the pit appeared TO be entirely des
titute Of business for the account OF outside
| commitments, Europe, the South. Wall street
and the wire interests furnished searcel
enough orders to keep one broker busy TIL
government report stated that this year crul
would probably be $500, 900 bales or about III
figures anticipated by the local trade. Tn
acreage was estimated at 2S522 600 this in
GLIDING $4,000 in Texas and S.2sS. 000 ii
GfoiEta, 2.7st00o in Mississippi and 2.2l2 on
in South Carolina. Tho largest average ytelr
IN pounds Per acre was 23S in Louisiana TIL,
market closed quiet and steady at a net los.
OF 3 10 points petition s in clrcuaticl
IN the local exchange asking that the satur'
| days preceding Christmas and New Year
be made holidays