The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-30
BRElE IN CO1rON.
~ r1aeeS the Crop IT m Enorruous
total Anaousft into sisht
for the Week.
Once Of The Post.
Houston, Friday. October @.

2 IN sides today. and prices broke 1OG11
rofnu. The December option got below
EMc a& New Orleans. touching 5.f7 at the
4 e1ose. Spot prices were 1-i6c lower az
I galveston. Memphis and Now York. with
dspltnAng tendency elsewhere. Liverpool
futures c.osei about the same as ycster-
day. but The foreign market Is expected
q SHOW a sharp dccttnc tomorrow in
synpathy with the lower prices recorded
IN this side.
The heavy port receipts and estimates OF
large movement tomorrow were against
rhe market today. but the most bearish
influence was the report that Neill had
given out another estimate of the crop.
placing II at the enormous total OF 1885,
900 bales. or 10000 more than IN 1891. The
authenticity OF this report Is In doubt but
It is evidently fact that MIR. NELL Is
preparing TO issue some statement of this
character. Whether the world will place
any credenee Ia such an estimate AS
threatened today is in doubt, but UNI
donbtudly the market will suffer there
from.
Cotton Is cheap today for 10000 bale
crop. bait y.e.d OF $4,000 greater than
that wosfd be much IN excess of require
ments, and present prices would be en-
Trey too high, IT rs possible that En-
ropessn sapinnors may put some faith In
this estimate, but It is hardly likely thar
any enc in America will do so. Mr. Nell
is making nothing more than guess, and
as usial he prefers to be several Thousand
bales over the mark rather than 10 be un-
der the correct figures.
The amount Into sight this week was
greater than expected. the total being 51,-
900 bales, or Only 600 less than In 1894.
The month is expected 10 end with fully
100000 ba.es In sight. II only 2slo per
cent of the crop has been brought for
ward, Az at the end OF October In 1881.
the total yield will be 100000 bales. but
II 3l.Cg per cent, as IN 1891. the crop Will
only turn out $4,000 These arc the
oaly b.g crop years with which to make
comparisons. and should serve to demon.
strate thai the uriy movement IL no indi-
catlln whltevcr OF the size of the crop.
Last year 30 per cent OF the crop was
marketed by the first Of November
AT today's session New York futures
opened steady. with the first sale OF Jan
uary at $40. The price fell TO $50 by noon,
touched Sd Just before the close and the
ilna bid was al That price. against 5gG
yesterday. On the curb January sold at
6s5
In New Orleans January Sold ut SCI
for the highest and sol lowest. closing
wath sol bid, against 5Gi yesterday. Sales
were made AZ $50 on the curb.
r'tctorn AGainst the Market.
(By private wire 10 b. w Hunter a. Coz
Ma Work. Not
ket has developed a very weak umicrtone
during the f5renoon. as result of which
Ihsices frsvc ucciined TO new low level
for the current season, January contracts
selling as low ms Csc. Although Liverpool
advices this morning were slightly d!sap-
pointing our market opened at ,practica,.y
lat tven1g's quotat.ons. Subscauen q,
however. whta adv ces were received fr IN
private L.verpen sources TO the effect
that that market was depressed us a re-
SUIT OF rerowed speculation m anticlpa-
ton Of decline based upon the rumor
that Neil viii shortly issue another bear.
ism circular, our market turned weak aslt
gradually eeclined New Orleans soln
mldei ately and large sesiing orders were
also received from the continent. Nat
uraly the sailing above noted and tho
inherent weakness Of the market stlmn.
tlteSi ire@h liquldating Tor account uf dis
hearttlled buns.
Wntse tho Limited buying power I'm nm
mifket is 81 disclilragliX featurc In thn
H.luatAcrh nevertheless IL seems reason,hic
% believe that prices are being und9iiv
Az Inrpr s ~ is well known Tact raat
eiseonh, IN advance tho cxpuctcu acve,op.
Mtnts y any favorable or unfavonlhe
tt ' therefore should the anticipated
bear II, '', rss',r, next month aad Neirs
aa.uptitss De fonnd chat their boir sh IN
Huehce mas alreriuy tccn offset py the ia,
Shne Y values. The interior movement
~ VIC WeeN, as FAR as reported is worry
nee, and this fact has also exerlel , ~
pre- sang effect. New Orleans tonorrn,,,
& .lmateI az frein so0s9 to ron. arai,os,
s si;s.Da ss, week aeri 1870 .ast year. TNhs
a'A' i'as served to ,nsettle the marker
Violet a Co.'s Review,
3 New York, October 29.--.Atwoad v,o,o,,
q Co say: Today's decline was star,cl hv
an estimate of port receipts e,rs,i.r,h,,.
m excess of this day last year This u.s
followed by the Increasing mayement =,
hter.or towEs in the soitA ard lster ~,
q reported estimate 81 Neill Bros. az IN
cOaooD baies.4 This afternoon. however no
nave a Telegram from New orlea.a So,
ing that Mr. Henry Nell Of thar Arm -
S11ihs there denies positively the esti-
mate attributed to the firm above named
~ tnls tsme, however. the spot markets
y my south began to be heard from
80 Iu lney showed generally a decline Of
iIsc. wf.h smar salcs then wbe, s'er
sp y nssetet showed a i-16c loss Il hrau.n,
shsat some LIQUIDATION Of .cng ,nterca,
snm some now selling Middlinr "nito,
acre today s only 7-is Ii, rSer Ia, "o' ~
i Y, prces OF 1895. which. IN turn. wor re
II ne 81 fowsgt s,nce isas,. The feeling at ne
sss9sN TO-DAY here is that the market /, ,e
pe scras lower pancrrow. n tJvey 10y
sympathlzes with o,,r decline of toas, ~,
most probably they wiz, ''s' ~
Bears Way Get Cnnght.
syarsif q Richardson of Houston saw.
Tns sentiment IN NIL speculative cen,cr,
2 asrravaNrs'y bear'sh. Too much "a
VIC think, and while they Will proba bly h.