The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-30


Yesterdays proceedings In the cotton
market were affected by grent lack Of
interest on the part OF those most con
cerned and dullness ruled throughout the
day. 1t is waiting market at present and
no serious changes are anticipated until
the government bureau report appears on
December 3.
This may possibly he very fateful docu-
ment this year, however much a number
Of experts appear TO belltte the accuracy
of such reports, and It's appearance will
bring relief TO those who are wrought IN
with strain of nervousness over the pos
slbillties Of the effect OF the bureau report
on the market. The influences working
most largely on yesterdays market were
buillsh and the tendency was for higher
prices during the day had not the an
nouncemeut been made that the CONNER
cial value OF q silver dollar has lust been
reduced TO 80 cents as against AZ cents lust
year, which had depressing effect on
prices so that at the close the markers
showed little or no advance over the pre.
Yious days figures.
The publication Of the New York weekly
Dank statement was also Dearlsh in its
bearing on the cotton markvt, the reserves
showing decrease during the week when
denominations were expected. London nm.
nounced shrlnkage ia values Of silver bull
lion after having already gone below tho
worlds record In values once before on
fhursday. Chinas payment OF her wnr
indemnity In silver ana the tnlk OF Mexico
changing her financial system to the gold
standard " said to be the cause for the de-
cline In silver
This decline Is certainly having effect on
the cotton market, as the China trade Will
suffer In consequence II Is uIraudy rn
chants who always have good orders from
Shlna at THIS seuson of the year are entire
~ without orders al this time
Aside from the financial considerations
injecting the cotton market the question of
prime Importance is the size Of this year's
crop and the man who can tell the most
ABOUT II under the present conditions ana
give an authoritative statement has n for
tune In his pocket, II IL ali matter OF
guessWork pure and simple, no matter
from What sources the Information is OBJ
famed upon which 20 estlmnte the crop
ana always will be at this particular period
o. the season
The estimators have put up their little
suesses ana even with the government cx-
perts IL appears to be hit or miss game
ana results do not always confirm the de.
auctions, III the October condition of m a
against GA last year be taken to form II
basic estimate OF the present crop IL womb
fall short Of the average estimates nearly
1'oOO,OOO bales. Since the early part Of OF.
tober, however, the cotton States hive OK %
perlsnGed an unusual period " line wealth.
or. This has been favorable To late cotton
ana the top crop, particularly IN Texas.
anu mas been the cause of the high eAtl-
mates, holding good until very lately. when
the bad weather has given hacksot 10
the bearish crop students
the government this year VIII nnpoar
VITA POSSIBLY more authoritative state
ment than Inst year. MS tho cron statisfirs
VIII be gathered from 10000 corrrsnonJ
euts, as against 10000 last wear which In
itself should very materially nssist Tho
government statlstician 20 make a close
estimate on the crop, Last December inc
government estimntcd tho crop mt gGII 900.
INT per acre az l6l bounds and tho mere,
hge NJ 26Su2. 23A whereas tho crop Turned
out TO he 10.GsO $50 bales. according TO
Secretary Hester ~ the New Orleans cot,
ton exchange
Having missed the crop by million
bales laSt year, inany opcrstors copsidcr ~
doubtful II the effect npon prices would