Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1911-11-22
HOUSTON MARKET REVIEW
Especial to The Bryan Eagle

IiOuoAohf itNoNf .'N''
planters of Texas are holding back
their cotton is evidenced in various
ways, in shortening receipts and in
firming prices. Another indication is
the lack of demand from the interior
for money from the cities to move the
crop. Country banks to great eXten;
are handling the cotton arrivals ou'
of their reserve. This is indicated by
the city bank ciearings When during
the height of the cotton movement the
Houston clearings averaged around
$4O,000,000 weekly, the total mas
dropped to an average of over S3o''
100000. The past week Houston
bank clearngs were $32 100000.
Cotton has offered a stubborn re-
sistance to anything of a depressing
character. Time after time it has
demonstrated certain strength
which has de6ed bears and others. 1t
might decline, but it speedily rallied.
The crop might be estimated as high
as 100000 bales, but farmers have
refused to sell freely Many OF them
have been holding back their cotton
altogether. Many believe that a crop
of even 100000 to 100000 bales
has been amply discounted in the big
decline in prices since last summec'
II is pointed out, too, that a grown
crop is one thing and commercial
crop or crop actually sent to marker
another thing. The commercial crop
may be much smaller than the one
actually raised. The South, it is added,
in the past has shown its ability to
hold back cotton, and what has been
may be again. The exports are large.
Large spot interests have been big
buyers of December and other near
months. One of them in forty-eight
hours. il is said, bought 100000 bales
of January. The revision of differ
ences on Wednesday was construed
by some as bullish.
The intosight movement is large. |
Stocks at the ports are liberal, and !
they are piling up at the interior /
towns. At New York the market has /
gone into a sort of deadlock. Farmers |
will not sell freely nor will spinners !
and others. as a rule, buy except cau-
tiously.
Prices are somewhat lower for the
week but bears have won no success
to boast of. But for that matter
neither have the bulls.
The East Indian crop is estimated
at 100000 bales, or 100000 bales
less than last year.
The weekly statistics were bullish.
but fell fiat in a very dull market
The rice trade will be interested in
the view of F. A. Godchaux. presiden,
of the Louisiana State Milling Com
pany. that the rice crop is Is per cent
short.
"The planters figured on Is per cent
bigger yield than they are harvesi-
ing" said Mr.. GodchauX. This shors-
age prevails throughout Louisiana,
Arkansas and TeKas. There is an in
creasing demand for rice produced in :
this country, owing to the fact that
there has been big shortage in for
eign countries. The brewers are TAX
ing 80 per cent more of rice on ac.
count of this shortage in the supply
from abroad Then, too, some of the ,
foreign countries have put an EN-
barge on their rice, so as to keep il ,
for home consumption, and this
strengthens the demand for rice ,
grown in the United States" .
The Houston produce market devel ,
oped during the week a heavy run OF
chickens. with the result that the bot
tom dropped out of this division. Hens
are down to $3.50 per dozen and fryers
range around $500. Turkeys average [
13 cents.
The cooler weather is stimulating
the produce trade and divisions other
than the chicken department are en-
loving brisk trade