The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-09
COTTON CROP ESTIMATES
YIELD ESTIMATED AT SOMETHING
BELOW IL ,ooo, 900 BALES.
European Demand for Cotton Goods Is
Poor, Which VIII Have Bad
EHect-Notes.
lspecIal No md rosll


New York, September AS during the
closing days OF last month the New York
cotton market has recently been following
with more or less ndelIty, the fluctuations
Ia cotton prices at New Orleans and Liver.
pool, and as the recent strength in those
centcrs undoubtedly resulted very largely
from the manipulation between the two
markets, the recent decline Is probably
OF no more slgnlhcauce than return 70 a
normal condition. Tie fact, however. that,
owing to the Intervening holidays, the re.
suits OF freer offerings Of cotton In these
two markets caused the decline 10 take
place practically upon the very day which
witnessed the publication Of the govern
meut's report OF the August condition, Ger
talnly gave the market the appearance OF
putting henrish construction on the gov
I ernments tgures.
And Il would appear. II az this season OF
| the year an Indicated crop OF around IL
I NN,VOo bales can he considered benileb,
such An Interpretation would not be Tar
! wrong OF course, No great amount ~ r.
liaucc can be put IN opinions former a.
/ TINS season. but taking the government re.
port a. a basis making an average allow
ance for future DAMAGE, deductlng from
/ ihe planted acreage even as much rs pp
/ OD acres for the area abandoned on &C
/ count OF the unusually poor start Afforded
I 10y elemental conditions early In the sea-
( son, and allowing what would seem inir
/ average yield per acre for the condition re
/ ported, the deduction appears evident that
J lNt UEuftN above mentioned are nor Tar Ohl
/ at the way. From another standpoint, thnt
( most usually taken in conservative circles,
I we have this year an acreage At least !,
! per cent better From this II Is argued
That, unless killing frost puts in TOO early
/ an appearance, the crop should foo up
around 100000 to 11,Oo0O01 bales.
In this CONNECTION % large Arm of Ger
man exporters, In discussing the probable
Yield. said; ''liad conditions been fnNorh
Die II Is our opinion that Texas would
have made at least 100000 bales But
Il Is quite evident that Texas has suffered
very severely. and The crop thcie Viii he
much below early promises. 10 reduce cs
Inmates "a 20OO,O0u Seems 10 ms too much
however loss OF 80 per cent or q eror
Of 2sOo00, we belic,e VIII amply coyei
che actual facts. A. nearly as we can dis
cover, the other States are almost with
out exception doing wen. IN 1897 tht
States outside OF Texas made above 5000,
GO. ana With such Weld this year, which
In view OF the Increased acreage, We deem
exceedingly probable. crop of from 10.
10000 20 ll,p0Wo will have to be GEEK
oncd with"
The Post correspondents however. doe
not wish 10 be understood as implying tina
= tine New York trade as a whole, or ever
that minority In the trade, are inclined
1 90 favor so liberal an estimate of the grow
ing crop. II is urged that last year TeNa
, furnished considerably over one-third o
, thr total crop, and that conditions thor
! are very serious. II Us pointed ont tina
, the weather from now on viii for the mos
part DE purely negative qualify, or h
other words, that llitle or 10 improvement
: . is exceedingly probable. The drift Of thes
, arguments IS 10 ESTABLISH an expected ylel
I Of around lu,JpoWp as % maximum som
nre even looking for as low n figure as 10
! Cuno00 It viii be noted. however. taa
these estimates are al based on cNpects
uons of future happenings.
/ Accepting for an Instant the estimate q
!, 1O,I5u.Ono bales as approximately justice
by present conditions with due allowanC
=. inadc for the average amount OF futui
= deteriorail"u, u remains for the trader
= cotton futures TO form somc conclusion
" 90 the prices justified 10y such a production
= The question OF supply being temporarll
- determined, demand o. naturally the r.
malnine factor Of uncertainty
For the purpose OF arriving al some fai
y ly responsible opinion as to the outlook
this direction The Post correspondent &
q dag called upon several OF our leading e.
u port houses, as well as upon number
tie large dry goods iobhers OF this city
w would perhaps fairly rcprezCnt the latt
u I" say tlal theE expect, on tue whole,
"a very prosperous season. While there do
NJ not appear any inclination TO look for
De rccord-brcakng year In the matter Of a
H. UNITY " seems quite generally eXpect'
~ thar the trade viii undergo snch rad
AZ cal depression as marked the domest
n trade lust season The feeling Is certain
7, one uf cheerfuucsS aud optimism quite
rs contrast with the expressions Of opini'
emanntlug from the same quarters Ia
season Ia short the conclusion seems fui
warranted that tine domestic cotton goo
trade viii this year assume fairly norm
hc proportions, ana THAT the market viii go
Time fnlrly active and steady throusho
the season.
he Cotton exporters with Liverpool come
tlgnt state that they expect q COOL scaso
he Their correspondents Inform them that q
prospects for fan trade are good, In IA
AZ these Interests seem agreed IN pronouuc
the outlook exceptionally satisfactory,
From GERMANY however, accounts n
al not so encouraging. As an Illustration
The feeling here respecting the outlook (
he the European tCnde. the following init
view with gentleman, VINO occupies
, ElUou emitting his opinions tn no SIN