The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-08
| oITLOOK FOR COTTON
krp,ed from the Standpoint Of
l ,he New York Brokers.
IssFlMING CROP NOT LOOKED FOR
4 e.,dition Generally Reflects What
1. oacome Of the Crop VIII Be.
/ e,od Outlook in Cloth Trade.
,snecIal to The Postl

4 ~ Juen While comparative
M New York cotton market re
4 NJ displayed considerable frmness
...ss,h--a strength quite apart from
1,sctjou With the July deal. II Is
X, sals and August are still very
a oantroned by manipulatlve lnfiu-
4 !, \ also quite safe to say tnat as
NJ ooerations in these options mere.
=, no establishment Of previous com.
4 ~ and do not indicate that the
d question are attracting any
d i new business But while local
A q sim unsettled as to the extent
N ouicome Of the July manipulation,
I, whole II is felt that the deal has
w,Il eyaporated and, while opera.
IA The two final months Of the cur
t,,scn are not generally deemed safe
&r,able. many members Of the local
al not allow the circumstances sur
IN. these deliveries TO influence their
sltoas as to the pew crop.
fra cotton acreage and condition
d to season issued hyF the govern
IN ast Friday undOuhtadly contrib
|mpch r. the rather more billllsh
I'm 81 local sentiment SO lar as the
frsde Is concerned The New York
h Is true, had not expected ana
HI prepared Tor SO large an Increase
nileaied acreage But neither had
knuclpaIcd quite so low q condition.
4 X argued that condition is the con.
II actor OF production. in this con
n II Is to he noted that the lilhst
tmfnt report ON condition has aly&se*
teserled 10 a greater or lesser exkisHl
bnal hguieS Thus In 1874 the Juiic
naecd the condition at SS.3. while
Snage yield for that season was AZ
'psr acfe. In 1888 the condition at
BIZ Of the Jane report was the low
record. being ~, the WELD being 80
he 10 1886 We ind the exception to
Ie the condition having been report
'ai2 while the yield showed hui 80
bel acre. In 1891, however the June
lon OF $50 gave a result of Al bales
he and IN 1898 a condition of 50 re.
In an outlufn of As bales per acre.
4 ihe condition given In the Jnne re-
Fas S,7, while the picking showed a
III 40 bales per acre. Thus Ii win
b that poor start has IN most In
\ resulted 10 decreased production.
|M the other hand good start has
|vats meant a good crop, notably In
when the early condition approached
Gtet Que, Nilllr the yield Wns very
|ry. Last season -e had IN immense
X Ha1Lls0, anu % June condition OF |
lnd from present hguros we may ex,
rTop OF about lu,lO.nO bales or I
y bales per acre. This year, there /
HHh az acreage exceeding that of |
about 2,Gslt{D and condition I'M, 1
A Of iasl June by about per cent, |
aH Of averages holds good. an over. /
lngy large production appears our
question. From another standpoint
'fgupl that the Increase IN acreage
not he taken altogether ms d bearlsh
ron i IS believed that the South
% great difficulty In properly cult,
anl promptly picking such an i'm.
lae New York cotton trade, having
alV reached the conclusion that the
i,ssea VIII open with about 1.5On. 10
Y y, hsN crop cotton on hand-proV ided
~ 90 moi increase the ratio Of their
between now aud then-and that
ltfseut Indications the growing crop
be counted on for more than H.. |
~. \ me onlsidc, naturally turn to the
lhe textile trade for an lnkling as
lalure- Here they ind. according |
aiesi and most reliable information
'gt everything IN favor Of a rnpid
70 more aeiire aud stimulating con
me attest cut In prices together
y aeaaier aspect OF the raw cotton
Pas apparently furnished the frst
Y ., tle seascn To the dry goods
And the New York cotton trade
anlng 10 believe that at last the
~, ~ ngsh reached upon which con.
olq scale. II SO. and the world's
Ge JUS again foot up to f2.WD. 900
"Nu hales-whlch when the more
v SSsatll9n Of Affairs in China, Africa,
y ne philippines be taken into con.
" seems ikely-how much stronger
". a,,e position could the cotton plant.