The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-11-26
COTTON VALUES VARY LITTLE

marks. Sales on the spot amounted to
5000 bales at quotations t-92d lower. De
liveries on the final call stood l-6id higher
on near aud 2.64d up on remoter posi-.
lions
New York opened points down on De-
cember and ] up 10 1 down on 1901 months
The scale moved Immediately upward aud
rntil a 5-polnt gaia was made and caused
the highest Of the day. A slow decline Of
l TO points then occurred, after which
the top figures were again recorded. a
small decline followed after this aud mar
| rowed the range to a 2-point nuctuatiou
until the last two hours Of the session
when another slight easiness set in and
| extended to the final calf In the net re-
suit the FIRST three options dropped / point,
February did not change and the latter
deliveries lost points. Sales on the Ameri.
can side amounted to $50 bales and spot
quotations were left untouched.
The movement preserved Its large sized
volume. Receipts at all ports for the day
were 5l,601 bales. compared with 44,G51
for the corresponding day OF last year.
Since Friday they have been 95.229 bales,
compared with 96,17 for the same time
OF last week and 81, 252 for the correspond
ing time Of last year. Thus FAR In the
season they have been B. 1888 bales, com
pared with 3,o6O926 for the same time az
last season. Since Friday exports have
been 1874, 146 balcs. compared with s5.321
last week aud 6s,is2 for the corresponding
time Of last year Stock al United states
ports for the day was 766.22s bales, com
pared with 7s2,IT2 for the same day OF
last week and ISL. pa for the corresponding
day Of last year
The New York Commercial gives the FOL.
lowing rather rosy view Of the South and
Its cotton crop IN a recent editorial:
Notwithstanding yield of cotton larger
than almost every forecastor had predicted,
the i9oo-l0o1 crop took into the South IN
dollars more than any other crop OF record
since the cultivation Of the staple began ia
this country. When was there ever such
a cotton Year, Is the jubljant shout OF J
" LevcQue Of New orleans In an article
In the current number Of the National Mag
nzine. Out NJ the loins Of Mother Earth
he continues, hope sprung. new born
agein. The mortgage and the mlscr were
given . terrific Jolt The pIansU~ once
again holds up his head as II he did not
feel tnat an excuse and an anolcgy were
due the world for hts being The hooking
birds note is sWeeter aud clearer 10 his
ear. ard there seems actually 70 be God
lH iNi SINUS
The efusiventss Of Mr.. leveque's rhetoric
is easily pgrdoulblc when one looks az the
figures behind it and the comparative con
ditious that they emphasize. In 1885 -
the enormous output or tl.2T4s4O bales of
cotton in the Southern States brought In
only S2s2, lI29s7 In money; 10 1880
total u 94a6.4l6 bales yielded $3.50. Z ~. $50:
whiic In l9OOU1 a crop Of 1O.3S3.412 bales
sold for N94567 80 An increase IN the
total ontput. sharp Increase IN tbc price
TWO conditions that have rarely gone to.
eether; 4 jump from $3S o. per bale Que
year to S4t 63 per bale the next. This
was an advance Of 23i5 per cent in the
selling price Of a product that constitutes
the Leading industry of great section Of
country. and II took into that section mn
Increase Of $40 7S2, 100 from the selling
price Of the year before
rs it Ia be wondered At that there IL
bounding prosperity everywhere In the
south; that her cotton planters have, in
! The main. ceased to be borrowers, and that
there is more than enough money there to
pay all the bnlsT bound ia two wears
from SIS 81 a bale to S47 63 a bale is a rise
in value that might well cause n steel
baron or n 'cOal baron or an oil mag
nate 10 ask himself what he is in bust