The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-14
BULLISH COTTON MARKET,
Review Of The Situation by The Posts
New York Correspondent,
CROP CONDITIONS DETERMINE PRICES
The July Corner Seems to Have Been
Fiasoo--No Prospect OF
Aug lst Squeeze.
Social o The postl

New York. July 13.-The market was very
bullish today. and prices made rapid up
ward whirl.
The ali-absorbing question Of course, Is
the crop condition, and here the greatest
diversity OF opinion imaginable is found.
ON. the ono hand there Is a growing class
which believes that 100000 bales will be
produced next year, provided no material
change occurs In the weather throughout
the belt. But on top Of this statement
cones news Of storms following quickly
after those of drouth and which seem de-
stned to make Texas Ia particular the
scene Of nll sorts of damaging events II
IL certainly the case of course that any
serious damage In that section would cause
a ICadjustment Of ideas among the pro
ftsSiopals here and elsewhere. hut 1t Is
probably not fair to look upon blasts that
occur over limited area and dlouths that
still are maintained In other sections and
consider that the whole crop OF Texas is
ANYTHING like destroyed II Is the same
story as last year. aud the public outside
OF the great cotton State can not be tluglt
the lesson that very great amount OF
damage can be done to cotton in one sec
ton of that State ma still the total not
be materially affected. After the great
Galveston storm Of last year the figures
we're remarkably small compared TO those
tina, were looked for by people away from
the scene. Outside Of Texas II would APP.
pear that everything is charming aud happy
ani"ns cotton growers, and while there Is
some little speculation upon the possibility
or damage being done TO the crop later
on. II Is considered a Wild chance aud has
E"t many who care to try IT, II must he
mr. San D
mas been remarkable In tho mltter OF fa-
yorulle news TO the growing cotton and
tuelS Is plenty OF time between now ana
Is Icing plc kFl for seiious Injury to be
Zone and the Nprice accordingly advanced
one little Incident has produced some
activity In cotton, being the rise that has
taFen place In corn prices. a little while
hce the corn crop was considered as safe
is the cotton Is now. but IN the last rev
weeks material damage has been threatened
rather than effected by hot wind. and
prices have been accordingly advanced
Ihis mas given the suggestion 70 GER
tain number Of cotton brokers who have
this Knd happening IN the white simple
was tust as good as with the cereal. The 70
has been little bnring o. this account
hrrdly enough to nftect prices
July has proved a nascO nov that II Is
actually reached, and the long talked Of
deal amounts to nothing II does not even
seem that much transferring Is hcinC done
int August IL Is probable that thosp
witp bought for a decided rise In the pres
cnt month have become discouraged and
pretty wei sold out At any rate, there
ar not likely 10 he any fireworks as the
Pre- sent spot month passes out, and the
maike' Is likely to be free Of manipula-
tiou other than very small ones for some
flntc I come.
ruc cotton goods trade continues to he
a ttat could he wished and the buying
Of tie raw material Is kept up az salts
rG'irry pace There Is really more on
cotjTecn'tnt to be found In this feature
Of Tie market tnGn has been - far used
h" the bun element Still the latter class
have hard pull when conditions are So
favorable with The glowing plant md they
naturally walt for some change to occur
tsai will help ont their prospects, When
T. docs thev are prepared for activity In
gtvarclng the futures mon the actual con.
di'ons Of the spot market. and It Is this
that makes bcnrshcss rather dangerous
at this time. In fact. most Of the trad.
i1g thar has been done has been on the
lcri side, and the taking " small profits
has caused reactions to occur almost IN "
There is little short element 10 assist
rise. hut the chances arc that r. win conn
sooner err later by virtue of the intrinsic
worth Of the commodity that Us being
dealt In Stuart Achesou.