The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-31
About Mr. eustonIs Estimate.

To the Editor OF The Post.
Hcarne. Texas, October 27,The United
States Agricultural and statistical depart
ment and Its 5000 reputable correspond
ents throughout every cotton county in
the Southland has reported weekly and
monthly for two or three months that the
drouth and cotton pests, etc, had reduced
TO the lowest percentum for years the
condition and probable Yield for this sea-
son, and yet, Mr. E4ston, an Engllshman
has made flying trip through the cotton
belt, entering the cotton region In the
northeast and ont In the northwest. max,
ing n crescent line. all this In o palace
coach at the rate of forty miles an nour,
night aud day, and says the government
officials at Washington and al, nef cor cor
respondents are q set Of ignorant ana
blasted liars and don't know anything
about the condition and approximate ylen
of this years crop but that he knows u
all; that the minimum yield VIII ne upt
much larger with q late frost Mr; Bus
toms little country might be staked; ND
den out, in Texas, where he c2uid not
locate It in two weeks A1d yeI ne Spent
part OF two days and nights sailing
through the State in straight Hue and
knows all about IT. ,. ~,
fact, that the Texas crop VIII be, very
LIGHT. and the repOrts from east OF the
Mississippi river promises a low average
Weld. / would advise me cotton pp5odle ',s
Ia hold their cotton for 10 to Y cents,
and It will bring these prices before the
Perish Mr.. Buston, the NelIls, and All
| others who seek 10 rob the cotton prouucers
These same methods have been resorted
10 before aud for generation nave sly,
| ceeded generally In getting, our cottoh Well
! in hand before the yield was declared
| short, trade good, and the consequent az
vance. BrazoS cotton F"n''''
Futures Easy and Lower.
New York October 30. The cotton mar
ket opened steady with prices 70 points
higher on light room and some foreign buy
| inf based on better ruling Of the English
market than expected and on reports that
planters were beginning TO hold back cot
| Ton. During the next half hour Wiess
steadily improved On general buying Jan
uary selling at 769 before tho demand fell
| OF But toward midday proat-takIng ny
| soalpers and a falling on in OUTSIDE puy
ing allowed the market 10 sag back loN .,.ni
! lie opening prices and at moon tbe l nal ne,
/ tended toward Esakness IN lhe ApSellne ~
speculation, Late cables ssni lioi 70 sanuiSte
! new htyine here Early IN ne arterh9ol
! Inc market became very weak uhuvl aJ ~
/ sailing for both accounts, lFu ny NHtiS ~.
! ers Prices broke point atter ,pelnI wa,,y
! january finally down 10 - ueiuss p w
! ING for profits and reaction tniptm W. wy.
course OF the market blg es,'p ,,s,,es ~ M
| tomorrow's receipts mt West.el nvnr nv
| big crop estimates eomnlnsu 20 ve e~ heny,
| az me decline which represented a los,
! since the selling movement ~ ia N
| oatnts Stop-loss orders were reaehee
! around 80 for January In gooaiy hui llu,.
/ ah1ir tnere were surprisingly rev lilnlL5s
/ hnyinq orders uncovered by lhe DrSass
pnrnne. he south and Wall street sod lati
n,nntk Rumors that Southern spol mat
/ tots were declining under heavy onsrlHks
1 Nod nofenf effect on the market ~ w ny
iast haff hour the market showed very u.
| liz tertlperatlye energy aud was nhsla
| easy al a net decline OF 20 IA pV'nFs'
! T"F
Spots Were More Active
New orleans, October So,-Fhe msrks
FOR spot cotton was fairly active To-Day
auvers showed more of disposition y
,rads than was noted yesterday. Liver
NJ, was again down i-s2d on spots an
epened lower for deliveries, but the eafl
ls,nroyement. in prices for cohtfsc's q
ms side produced reelected seton 10 EAs
land 10 the end that values mere NOV
sharply 10 higher level ana lnaueeo
more liberal demand for the staple itol
SINNERS. The local faetoFage element W.
| auIek 10 grasp the advantage sha ysssi
| held out Tor better prices WIZ