The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-30
BULL COTTON CAMPAIGN.
The Possibility Of One Is Now Gen.
orally Admitted.
CROP REPORTS SEEM TO RULE MARKET
Those Who Look for Much Higher rig
ures Have Not Been Worried
by Recent Reaction.
CROP REPORTS SEEM TO RULE MARKE'

Now York, June 20.--The course OF sentl'
ment can well be appreciated by the way
IN which the various crop reports that are
now appeariug have been taken by the
professional element, as well as by the pub
lie. A decided change Is to he noted on
the first hand In the attitude which the
outside element view the situation. AIhe
possibility OF a bull campaign Is now re
cognzed by almost everybody who has to
do with cotton and some little support
is given to that side OF the market by
even the Southern contingency. The change
however. is SLOW aud the public as rule
sim cling to the idea that cotton is bound
to see lower figures during the summer
II appears more and more certain now
ever, that any argument based entirely
upon the fact that the acreage Is very
large In not q good one to build hopes
upon when the demand for the raw mate
rial Is as great as IT is now, For years
back Il has been believed that the limit
had been practically reached in the amount
Of ground that could be cultivated and
grown In cotton and the product picked.
Now II is shown TO he the case that ia
certain sections deterioration must result
from he lack of labor that can he given
10 cotton that is receiving every ad
vantage as far as climatic conditions are
concerned, as well as the very limited at,
tcntion which the amount of workers at
hand can give Throughout the Carollnas,
for instance, the stand was probably never
better than 1t is a. this time. But the
weeds are growing up and all the labor
that can be mustered in those states IS
not nearly sufficient e. keep the crop free
from this detrimental influence. What Is
| really happening Ia that the limit, rs far
as production Is concerned Is reached In
tn amount OF cotton that can be produced
In these United states in any single sea
son, aud now the only question Is whether
or not the world can consume the num-
Der of bales that Is to be Forthcoming.
As on" broker expressed 1t today, "When
a man has a fever Of 120 the dropping OF
q degree or two can not be called getting
him out Of danger. In other words, the
little that can be gained by the injury
done at cort0in local points will hardly
| l,S an Item with the questionEOf the crop
/ NJ whole. The commodity is there, and
/ viii he sent to market as far ms pickers
/ can be found TO take IT. from the plant and
| put It In bale, and this amount viii be
/ the largest ever known In the history Of
/ this country The other side of the quos
/ here no deterioration iS found nor no let
mp In the appeals that come from those
| who wish to turn the white staple into
The dry goods element are decidly
arsious aud worried and splpners buying
/ anc0d as they have not wor years back.
/ whether this demand will be permanent
/ some people continue to question, but in.
I Guiry among the hest Informed have led
I 4 HN L pnN correspondent 10 btltNe ludl II
! is Legitimate and permanent, and that any
| crop that can possibly be brought forth
/ Wild TO reasonable extent be easily eaten
up 1t is almost tile case that the cot
ton world Is starting In upon n new basis.
/ Ihclr slate is clean and the accounts must
/ balan, without any holdoyers from bygune
yoius and without looking forward to re-
serve that would be Il fair thing to have
from now on.
As TO the market from day TO day, me
situation admits OF various turns as in
cidemai conditions appear. Tho buyers
re not IN for large profits, and are likely
/ - hqlld1te as soon as a few dollars
| credit Is In their accounts After any rise,
therefore, a halt IS likely TO appear as
ma t6cB MI oisIde Iii falf,i ihat
( ground upon which they stand is quick
sand, are apt TO sell an they have ana a
reaction such as we have seen this week
VIII be the result This should not have
serious effect and those who look for ma
tYialy better figures need nor I've Worried.
/ The only thing to cause apprehension
should be signs OF q LET up in the huyng
demand of spots, ana this is not likely
10 occur for some time. Stuart Acheson.