The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1895-12-03
COTTON MARKET REVIEW.
Unrasiness Ia Regard to Turkey A.
fectcd the Markets.
Mr.. NEllL'S LOW CROP ESTIMATE
Nny Have Good Eject Upon Itv-
crpooi-The American Markets
Held Up Very We'll.
Mr.. NElLL'S LOW CROP ESTIMATE
ONCE OF The Post,


Houston, Monday, December =.
As was generally expected. Liverpool
came IN this morning with a decline oil
| i-sid. which was made 5is-6id on the clos
iug call. This was equal to about II Amer
team points. TIN, weakness In the foreign
market WAS due TO tho decline on this
side saturday, ans the unsettled state OF
affairs IN Turkey.
Tho American markets were affected 10y
the decline at Liverpool, which, with the
lack OF speculative support, caused prices
TO drop again. TowaN.s the close there
was slight reaction AT New Orleans, due
! to the report that Nelll was expected to
estimate the crop at $4,000 maximum.
This Is about the firth estimate the Neul
, Bros, have made so far this season.
What effect tho Neill report viii nave
upon Liverpool tomorrow VIII doubtless
depend upou the sultan OF Turkey II al
fairs In that potcntate's provinces have
a moro cheering look. the low crop este
mate Ia expected 10 cause an advance IN
John Bulls market, Foreign compnca-
tons overshadow all else just at this tame.
hcwoyer and untl some assurance ~ given
that Turkey has been quoted. or wipcl
on the face 81 the earth. there need be
Now YORK futures opened easy. to >
points on bu, soon recovered nearly az
OF this loss. Abou, 1919 March sold tor
After ia the lack OF buyers began TO
assert itself and tho market docuned
again, closing steady. to points lower
thGn Saturday.
New orleans futures opened steady, 3
to points on, advanced few points
after this, but ON the second eail were
Iowu 20 ~ points. The Neil estimate
then gave tbo market some h,lp. and Sew
Or.eans closed quiet and steady, only .
20 uoluts below Saturdays quotations.
The highest for March contracts duNug
tho cess GA was SIS, the lowest $40, ara
tae closing S.isaN.lo, against S.2oHS.I sat
arias.
All the lending spot markets were low
90. lAyeraool declined l.ldd, and sod cniy
10000 uaioa. New York remained at sat.
uriay's decline and sold l2,ti7 bales OF
winch i250o we're oil contracts. Now Or
leans. GalN oston, Houston, Momrhls ana
Savannah wore Off Lice, and closed quiet.
New York, December 2--AS we de
@ .ned more on Saturday than Liverpool
L
I.iyrrpoovs weakness can hardly be Mt
t.ihu,od to political affairs abroad inaa-
( much ~ Enghsh cousDla show but httlo
change since Saturday THIS market
TtnEvd within four points highest aud
lowest. There waH no particular feature
nNcert that thcro 9eemed TO be quite a
good deal Of short covering at one time
There was some buying at the close but
apparently quito an abundance Of sellers.
somc little Increase IN outside spe 'ulnuon
the lnok of which Tor gone days has been
noticeable Business from than source
would be active with Indications OF u"-
clded movement either way with bcnr-
ing perhaps to tho buying side. lndica-
tions daily confirming smaller estimates
say 100000 maximum. Liverpool expect
ed better tomorrow
ATWOOD VIOLET co
Now orleans. December 2.-Sccrctaty
uestcr's New Orleurs cotton exchange
lottpr issued today, covers tho montnP
movement to November 30 Thc NoVom'
hcr total ol cotton broutht into 0ighL
with the exception OF November, lsSl' -
smaller thin any previous season since
lSSD-s1. Compared with hst Ncar II Hn""s
a lcss In found ngureS of aal,ep0 bales "nl
Is short Of year before last by 3oNoN and
Of 1872 by 10000 Tho total for November
was l.SOG95i, against 2,igo.i95 last yeai'
1G,5On year before last and l.4a2,sS IN
1897 The decrease In the amour, of crop
brought into light for the three months,
September to November inclusive was
l.42521 under last year. 25o,o5s under tho
year before last and an exccss OF m,~H
over 1872.
4 no movement from September TO Mo-
vemb,r 80 Includes Total receipts At all
United States ports, 2,i1o,lJ, againHtaNH'
GOJ last year. 2,32S,Hi The year before ana
hbS same time in lMsi net oNerahl
movement by railroads across che Misais-
sippi ohio and Potomac rivers Sh.,Vil,
against b,5i1 last year, @Al4 year before
last and lti4sy same time IN lN@i southern
mill takings, exclusive Of quantity con
stunned at Southern outports, HdVi.
against 411,0i2 last year, 2.' bN year before
md @l6tti same tlWo ~ lsis' interior
stocks ia excess OF hose held NJ the CONF
fncnc cmrht Of the Scbson, 4iGiQf against
a1L2s6 last year. 33l.upo the year before a9d
"a ~ same i'mc ~ 1872 lheAe max. NC
total amount ~ the cotton crop brought
into sight during tho three Inonths ending
November 80, 9,.l7lUi, against JUDGES insl
year, 3,SgL63 wear before last and 3.i2,OJi
same time IN lSi2.
New York, December 2.--Hubbard Bro-
theirs 81 GO Is cotton letter says; The mar
ks; today has been marked by inllsposl-
ton OF the trade 90 regard the decline In
Liverpool as more than a local llquidatldn
of some foreign speculative accounts. as
II has shown decided resistance to the
weakness abroad The Eieuulucss mas beca
duo to buylup Oy large brokers aud 10 Inc
covering by local short operators who arr
nos satisfied Wlth the near approach or
prices ia New York ~ parity with LF-
erpuol II IL believed that the movement
OF the crop VIII show some Increase dur
ing the coming week. bat II II also tn-
pected that Nell Brothers Will again 70
duce their estimate below 6,DlWJ bales.
The knowledge OF this last factor has
been the foundation of some buying orders
this morning, which were supplied ny tue
liquid alton of the long interest which wa.
Disturbed hv the inrrsnse IN receipts aud
the reported Increased demand FOR fcrul-
zerH for the coming market a qdlni
market during the afternoon without any
changes IN prices resulted from ihe d.
weren't factors at work IN the market,
Many expect n better tone from Liverpool
tomorrow, 40 they consider a reaction due
after this sharp decline. on the o.hcr
hun1 there are Indications Of an increase
in the movement at the Interior towns.
Cotton Points.
The undouhted strength ~ tho statistical
uosltlon Is being IA large measure null
ned hv the lack Of buYerA