The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-01-10
AN UPWARD MOVE In COTTON.

= points. Half Of this advance was lost,
after which another jump took place, sccr'
Ing even a larger gain A loss OF points
occurred as the noon call was approach.
Ing, and the level bore little change for an
hour thereafter. Another upward move
then set In and continued slowly and gain
ing an addition OF 2 to 3 points In the last
hour, reached the best On the close. In
the net result May advanced - poiNts, Au-
gust IA. September and october 5, while the
balance Of the list gained ii and 10 points.
New Orleans started 10 II points above
Tuesdays close. A small advance lume-
diatsly took place, 4 drop back TO initial
figures, after which,s constantly increasing
scale began and prevailed through the larg
er portion OF the morning, showing gallo
At that time Of To points sllgat sag
occurred IN the hour following. with fine
tuations confined 10 points steadily
improving wave then appeared and prices
Jumped continuously sfterward, showing
the most pronounced increase Eve minutes
before the wind-up. In the net result Feb
ruary and April climbed up - points and
the other months went % points above
Tuesdays close. Sales on the American
side amounted to 15,6o2 bales. Spot quo
tatlons advanced &c at New Orleans and
Houston and were marked up 1.i6c at New
York aud Galveston.
The volume OF the movement gave some
evidence Of relaxation. Receipts at all
ports for the day were 31.232 bales, com
pared with 8,435 for the corresponding day
VI last year Since Friday they have been
PIG 1874 bales, compared with 80 100 for the
same time Of last week ard 100 900 for the
corresponding time Of last year. Thus far
in the season they have been 5,092 COZ
bales. compared with 4.711.S3o for the cor.
responding time Of last reason. Since Fri.
day exports have been 104074 bales, com.
pared with 1880 FOR the same time Of
last week and 2o2 500 for The corresponding
time ~ last year. Stock ~ United states
, ports for the day was l.ol5,of2 hales; CON,
pared with 1910 for the same day OF
last week and SJ6 764 for the corresponding
day Of last year
In commenting on long staple cotton and
giving reasons why more Of II is not pro
duced, the Raleigh ~. c. Post says.
Our American upland cotton Is the great
staple OF trade. though II Is by no means
| long 1ber cotton. Only one OF the SIX cot
| ton Gbers that figure 10 an important eX
| tent Ia tine larger markets Is shorter IMAM
American upland, that is the cotton or
/ Indie the mean length ~ whose ther is
! % 50 Of an inch while the average length
] ~ American upland is ~ Inches There
! is a great demand for long hber cotton In
! an manufacturing countries and our Sea
| Island cotton Us The longest Of cotton hherS.
] The question VS. often asked whN We DO NOT
/ raise moro Of this long hber cotton I'm view
! ~ the great demand for II II brings
| high price and set We produce about 40
! times as much American uplani a. Sea Is
| land cotton.
There are a number OF reasons for the
| superiority Of American upland la the quHa.
| tity NJ fher produced. one ~ that tho ter
/ ritnry adapted to the cultivation ~ Sea Is
/ land cotton Is quito limited H. being grown
/ only On our islands and coasts. particularly
/ between Charleston md Savannah. though
! n considerable quantity is produced along
! the coast " Florida. This reason. however,
/ Is not entirely satisfactory when we boar
| In mind that our cotton growers are not
severely taxing the producing capacity NJ
| the Sea Island belt. IN fact 8 considerably
! larger amount ~ sen Island cotton could
| he raised without reaching the limit of the
| acreage which will successfully grow this
| crop
Another reason is because cotton grow