The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-07-15
NEW CROP OPTIONS DECLINE.

terwords caused the initial range 70 come
little change until some moments
beyond the noon call There was drop 10
rottom prices az this tine. point rccoy-
cry formed the Level that continued until
the hnal call In the net result July lost
q point, August went unchanged, Septem.
Der declined 4 points aud the other options
DECLINED : to points,
New Orleans started about the same on
near and TO points down on distant dc
llveries, There was an immediate decline
of points with slow advance afterwnrd
that extended through most Of the hrst
hour, more steady recession followed
and caused bottom prices to I've reached by
midday. This made the range that pre-.
vailed With not more than points fuctua-
ton during the rest Of the session IN the
net result August stood unchanged July
and September lost 3 points aud the later
positions dropped and q points Sales at
the four American markets amounted to
1850 bales, and spot quotations did not
vary.
The movement was almost at minimum
Receipts at all ports for the DAY were
1855 bales, compared with lG,22i FOR the
corresponding day of last year Since Fri.
day they have been 57o7 bales, compared
with 1907 for the same time Of last week
nnd 22,O36 for the corresponding time 81
last year. Thus far In the season they have
been 1880, sos bnlcs, compared With 1927,
5SD for the corresponding time uf last Sna-
son. Exports since Friday have been H.,
OG bales. compared win 7OSi for the same
time OF last weCl, and lO,S2O Tor the CORE
spending time OF last season. stock nc
United States ports for the day was 273, i36
bales compared with 3OoOlO for the same
day ot last year aud 400 III for the CORE
spending day Of last year.
The Dallas News said, "Tcxas well wet;
showers all over the northern part Of the
State almost daily; rain In Panhandle,
Fall has extended up into the border coun.
ties and as far west us El pAsO. Cotton
growing rapidly, From all sections come
reports Of excellent condition Of cotton"
According TO the New York Chronicle OF
last Saturday tho past weeks insight was
80, 1Gs against 60. 400 last year; since Sep.
teiubar 1 10,l22, 43S against lO,1lG, $780, an
Increase over last year OF only 576O,
With reference 20 competitors OF the
United states Ia cotton production J. l..
watkins, expert division OF statistics, says:
when the requirements ~ the world
reach from 100000 to 100000 bales
will the Southern states he equal to the
emergency, rs they were after the civil war;
VIII they continue meanwhile to retain su.
premacy In cotton production? We have
every rcnson to believe that they will Their
Brazil aud Egypt.
India India has already been put 10 the
test and, besides, her own mills are now
taking large and Increasing proportion OF
her crOps'
"Ruesla- Russia IS making rapid progress
In cotton production IN her trans Caspian
provinces, hut considerably move than half
her min consumption Is sim Of foreign
growth, and IL viii be q long time before
she can become entirely independent Of a
foreign supply. As for any surplus being
marketed from that region, the possibility
Ia too remote TO he considered
''Brnzll-Cotton culture in Brazil could be
greatly extended hut for the lack of SUM-
Client labor; moreover her planters ind
more proht In coffee culture
'Egypt-It Is estimated that when the tr-
rgatinn works now under construction on
the lower Milo are completed u 1ttlc more
than 100000 acres win be reclaimed aud
brought under cultivation, most Of which
Will be devoted to cotton. This will In
crease the crop to nbout 100000 bales Of
900 pounds. Even should the cutlrc await
0hlc area In upper aud lower Egypt he
devoted to cotton at the present rate OF
production the crop could not exceed 400
coo to 100000 bales Of 500 pounds. This
Is the limit OF production In Egypt, I'm
der ordinary conditions tfor necessarily a
large area must always be plated In grain
and other food ctopsl, and after the irri
gutIun works are completed and put IN oppr.
alton Egypt can not supply the world VITA
more than about 100000 bales Of 800
pounds,
"Afrlca--Africa Is an inviting Geld for
the growth N cotton, and experiments are
being made by the French aud Germans IN
the Soudan, hut on a very small scale, aud
the English are cndravorlug to Introduce
II In Sierra Leone. But whatever may he
the possibilities OF growing cotton IN this
part ot the world Il Is yet nm unsettled vii.
deruesF, and II will be many years, per
haps n century or more, before any sub.
stantnl progress can he made toward the
production OF cotton on a large scale"
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