The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-22
ALL COTTON VALUES ADVANCE

July and August II and the balance OF the
list went II points higher.
New Orleans started points up on the
two near aud / to 3 ahead on the re-
moter positions. There was a small drop
at FIRST, touching low mark, recovery
and a similar loss again, after which the
scale began an upward movement, which
continued until after midday. Narrow
fluctuations then prevailed up to the last
hour when another improvement com
menced and extended until the final call.
In the net result November advanced ~
points, December 10, February Is and the
other months lncreaoed "A points. Sales
on the American side amounted TO 1922
bales. Spot quotations we're revised at
New York and Will henceforth be com
puted In decimal fractions. Low mlddllng
and middling fair gained points by the
change. New Orleans advanced Lice and
Galveston &c At Houston low ordinary
and good ordinary. went up Ac, ordinary
5-1se. low middnng 3-1ec and the grades
above advanced Nc.
In arriving az an approximation Of 10,
10000 bales, Mcintyre & Marshall Of New
York give the following reasons for their
conclusions:
''The fallacy OF estimating cotton crops
by an average Of the estimated conditions
alone can be easily discovered by congld.
ethuon OF the conditions as reported by
the government for the crop failure years
slch as 1882. 1893 1895. 1896 and 1899. "
WITH the large crop years of 1891 1894
| 1877, 1SSS and 1900. Though IL n considera
! lion or the conditions Of the growing cror
! by the average were To rule, it wonld prove
! 10 be the lowest Of any since 1891 cxcept
| iast year crop, ana would. apart from the
! date OF killing frost. indicate a yield pei
| acre under $50 pounds, az was tho case ot
| the crop Of 1895. If conditions reported by
! the government are to be made whoily
! useful, IT. must be also from their indlca
lion OF the date Of the beginning Of deterl
| GRAFTON Of the crop and the ratio OF sucl
/ deterioration during the growth and dc
| Nelopment Of the plant. II Is obvious tina
/ wnen the date Of the beginning o
| deterioration as q whole is early aud the
ratio OF decline in condition very precpi
| tate, the crop must needs show n loss ir
! yield In accordance with these facts. Thil
has been the history OF crops during IN.
! past ten years, the results showing witt
unfaihnE accuracy the truth Of the OBJ er
! Walton, that where tho plant begins Il
| show loss n vtgor or producing power ~
It's conditions during the month of July o
earlier crop failure has been the IN
| evitahle result Of greater or less proportion
In yield per acre according to the ratio oil
this loss, as indicated by the government
| reports until the end of September
! 1T is difficult 10 see wherein the grow
ing crop differs Tor the better substantially
! In growth or prospective ultimate yield pc
acre from the crop failure seasons ot tn
| previous ten years, IL the figures Of Tia
! government reports can be taken even ~
an approximate guide in forming conClu
Sions. The ratio OF severity II the deCliu
from Inst Nav conditions 10 September 70
this year have been analogous to othe
| crop failure years, aud In one case that o
1895 almost precisely the same, while III
crop failure year Of 1896 with the hes
! initial conditions ever reported began IL
preciptant downward career in juno an
wound mp with the lowest September pet
ceutage on record. or the other year
1892. 1893 and 1895. their estimated cond
tions were much better than the figure
given for the growing crop. How a yiel
per acre this season under these circun
stances can he expected to equal thes
years passes comprehension, II condition
alone are to guide us.
, THE difference in acreage must Away
he taken into consideration and used O
a percentage basis. The percentage .
abandonment, while never precisely know
, should be considered, particularly duriS