The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-30
IN THE COTTON MARKETS
Statistical Information Inn TIE Exchsafes
Il UuIted States aad Eurspe.
NEllls CIRCULAR A CONTROLLING FACTOR
On an Estimate ~ ia,cOO.COO Halc
Crop rrtccs Decline IN liverpool
and THIS Side ALSO.
once Of Tho poat,


ttNustNus S$tuiuAys 0ttNtVT ~.
II was Neil market today. In othcr words.
Mem was reported to have come to the con-
{ cius;cus that the crop Is much iarger than he
thought 1t would he and would 50 state In .
circular II makes no difference how many
experts are Of different opinion, Ncill's opin-
icas govern Tho result was \ decline Of
,s-6idi-e4d In Liverpool and points In New
York and Nav Orleans
As rulc tho weather was favorable for
gathering tho cotton and a heavy movement
is expected next week. Prices alto lower than
ever before and with no Immediate prospec,
icr marked advance.
Galveston and New York reduced spots lite.
but other markets remain unchanged with q
steady undcrtonc.
Receipts at ports were sT.7cc. against sS,cSt
las. year.
Houston expects Monday 1880 10 1850
ha es. against ae9s last year and ia.oG5 in 1854
New Orleans expects ea,eoo to as,svo, against
II, i26 last year and S2,i2S In 1891.
There is some thought tina, considerable cot
ton in the interior OF Texas is waiting TO come
forward When the reduced freight rates TAXI
eject.
CarUill q Rtcharsis0u's Circular.
Csrg.ll Richardson say OF cotton; The
ntws which was made public on the eth, tss'
We had private information that Neill was
coming bearish estimating the crop nj H.
o0o, OoC minimum was generally known today
aud WIS responsible for some further casiness
IN tho cotton market outside OF this no new
features OF interest were seen. except hno
weather for gathering the crop In Texas. the
Eastern States reported showery weather and
the Savannah district one inch OF rain, Tn'
selling IN New York was principally ior Souto.
CT account, Now ORLEANS being the iarK.s
contributor. Receipts were moderate at INC
ports but estimates for New Orleans and
Houston heavy. The demand for spot cotton
was lini ed although tho decline brought tn'
buNor and seller together for small lots at th'
decline. Fer the first time this scasoD IN,
trade Is discussing tho sizc OF the crop mort
thsr anything else which can Influence thf
market There are few who believe that ",
will marke, L., 600, 600 but there are many who
predict II 900. 900 to ii,s0o00o. Those who be.
lieyo In over il,ooo,ooo are In the majority, an,
MS long as The moycnen! indicates nrop Of
tha, size they will hardly lend their slpporl
to the bull side OF cotton. Liverpool cable
US that the market Is easier, feeling me VI
NELL and an increased movement Apparently
the market will drag for some timc and prob,
sey sen lower but any au,cs a ts sn9us
a healthy condition for an advance.
Hunter 4 Co.'s Cotton Letter.
w. Hunter 4 Co say of today's eottoi
market. Liverpool cabied that they felt th'
influence OF Ne,'s expected increased cstl-
mate, 10 be- issued In a day or two making
the crop 900 bales minimum aud that
| market was easy at decline OF iS-Gaat-6it
and did disappointing spot business. II
| Neiil makes such an estimate. which he Is OK.
pectee to do Monday, his friends, tho spinners
| ear not be expected to buy any more co'toi
unless lower level lis reached. The bears
| today were talking 2 SD aud possibly tuppenc,
| ha'penny for futures IN iivtrpbol as rsau'
| OF Neili's estimate, Nell has wonderful IN
| fnciIee and whatever he says VIII have con
J siderable weight We do not think that b
| will make an estimate OF $4,000, 900 minimum
unless he puts In great many provisions
and. even II he does, II Is more than likely
| that II will come In such a. way as TO hny'
| beer fully discounted ny the recent declin'
and that shorts will take advantaks Of II Y
| covot their cotton and secure profits, ard II
doing which they will advance the market
our osa ss O OpSasd decline to ms sas os Me-
| vai.'nh. Galveston and New YORK reduced
| quototions lice while Houston closed easy
| In addition to the expected bearlsh estlmat,
| frcm Nell, anticipated heavy receipts next
| wccl. on the reduced railroad rates which VII
| tpcn go Into effect. and the increased move
| mont now getting under hoadway IN tho enst
| ein part of the belt were against the market
| The weather. too, was favorable, ana the fnnr
! keting OF the crop will be under full hend
| way for the next two or. three weeks, durin'
| which time, II not already, the market e cx
| p.stcd 10 strike bottom. There was come llaui'
daton of long cotton today, but not inuci
siloit selling. This liquidation may proc.e,
| sorle further aud the market further deolin
| a few points. but et each point dcelIne there
| Is good buying by strcpg people aud by BIZ
shorts who think tho price too low for com
| foii Monday should be an Interesting Gay
as II will probably soe hard fight. whcthc
| Liverpool viii break out Of It's recent riit am
| start OH fresh decline or whether ~ will
| hold under the culmnstioD OF the bearIsh sit
| uetlon. II Liverpool does not break Monda.
into new ground. our markets VIII advance
4 md thosc who are waiting for the bottom viii
see prices get away from them.
weekly interior Movement.
The weekly movement Of cotton at u ieah.
Ing Interior town.. according 10 the Chron.
icle's statement, issued this morning. was ne
follows:
lRects, iShptx.l Stock