The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-07
COTTON IN NEW YORK.
Week Should Have Been an Eyentful
One, but Was Not.
THE EXPECTED GENERALLY HAPPENED
Bureau Report Forecasted - Reports
from Other Sources Much the Same.
The Tendency.
IF EXPECTED GENERALLY HAPPENED
lsnnclnl n AN 49,


New York, July 0.-The past week should
have been an eventful one IN the cotton
market, but to tell the truth Il has failed
10 be SO. chiefly because the expected has
geGerally happened The government re
pert for instance, was predicted with un.
usual accuracy by the profession dt large
and nothing important has occurred to
alter the opinion already formed regarding
tle condition Of the acreage t,sd crop The
july reports OF the department OF dgri-
culture has always been an Important feat.
urc IN the market aud this year shopll
nave been no exception, bar the pre llct ioes
rostcd upon the New York cotton exchange
ana these laid down by various private
Interests have beeE IN fun accord with thAt
which has appeared from the bu,cau end
therefore there was little chance OF yarn.
tlon frcm the standards as set up by fhoss
operating In futures.
II may I've said az ths point that never
before has the amount OF cotton e. De
grown been so carefully determined At
this time OF the year as It has on this 90,
casion. 1t was generally expected that
somethitg around s0 per cent would be
named by the government and when the
aguieS OF 81 were given out there was no
chance for alterations OF IDEAS or quota.
lions IL should be mentioned. however
mat the government reports have fallen
.ht w. u'sIepnte OF sate and tlut other
ssGcSs are looked TO 70 give fair idea
81 Whdt Is happening Ia the cotton belle
among those to which crrdcucc is gwen
y rue d99rnai or Commerce. which came
Gut ON Monday with an estimate rather.
lower than thar OF the bureau However.
SO llttle variation has occurred IA these
sources OF information that prices could
u"fuS he altered by those who rely upou
tucn Tor their standards upou which -
oferate as hiss been said before the cot.
toll crop Is n very well established fac.or
az THIS time, aud Il would lcok M If mnniI,
lAaiton was to be depended upuu In order
/" hn0 means for speculative procedure
/ ,.net sue OF Tue question remains
ASIA much unaltered from week TO week
"c remand Of the splnners and malufac-
/ ttters rs ABOUT MS expected anI only tho
most optimistic could hope Tor better ralis
lvF raw cotton than those already received
81 TINS season. There IL no question about
/ u out thar the makers of fabrics are 81.
I ni|.ie 9i us'Rg az me material tdat Is put
/ ny theiI Aahds ~ this time and The
/ chances are that they VIII be Tor some tin,s
1 70 Sgh't. ana certainly MS long az such a
( cJ W., 'tT "HAins eAflshness Is uuwarrant.
lut tlu' Is coming however. ami This IL
/ some mig which should be distinctly re-
~, ,,b ,,,n'V',e" ~ AZ VINO operate I'm cotton,
( WnVh ne nulllsh feNtHrc presented by the
! itAluc market viii be dlscnuntrd ami SOM.
tLlhE new occur TO give occasion for bet
/ yer ngurcs than those now prevailing We
hnYo looked forward To deinafid which
mas taken place, bu, nothing unexpected
haS occurred Ia this quarter and therefor,
! II - hhr nsonable To hope for higher prices
/ Whlle matters remnin iu statu quo.
bhc very iNlr bull argument, however
T. to be found In the crop condition II
Ic1as. There the drouth continues II
many sections, and as long as thr croI
III thnt section so important featuri
III the whole remains In danger there /
very little chance of bearish intercS
arising and al effort being made 10 de
picss prices The value of Texas ms a
element IN the cotton situation can hnrdl
re oYerestlmated, aud while the sltunto
there Is not propitious to the turnin
out or n very large yield New York
destined 10 remain a confirmed bull upo
the market.
The holidays that are occurring this wee
and the intense weather that has been eN
peronccd I'M Now York are all conducive
rs every other one, and II is very hard {
state cNacily what tendency, " any, ha
been displayed within tho last few DAYS
on the whole. there Is no rcnsrn 10 Il,
licvc that sentiment has changed from n
hullsh nature to hr1rlsh one II
hoped and expected that In Yory iitil
while activity will soon he seen on IN
New York cotton exchange, nnd when TIL
occurs the general Idea Is that n furthc
! rise win take place IN uoticr dnyS thin
have come and gone have not disturbe IN
market in the least, ana these nt lehs
puint 10 n steadiness which other thing
add to- The crop condition may not b
situation among manufacturers certainly Il
and az long as the commodity Is eatcn u
us II has been lately hy those who hav
ordered ahead for fnhrlcs II Is likely tina
prces for the futures VIII advance rathe
than decline. stuart AeheRon'