The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-24

Statistical Information from tie Leading
Exehan(es 81 the World.
Nflt's ESTIMATE DID NOT BEAR FRUIT

otnce Of The Post,
Houston, wednesday. August %.


Neiiis rciteratIon OF his 1900 900 bale esti-
mate had no eject on the American markets.
This morning the cotton markets opened
Arm at an advance and ruled with an upward
tendency all day Price and Hubbard being
heavy buyers and closed steady at an advance
OF 6 to u points. Liverpool was the seller
and the market on that side declined a point-
In the face of the continued drouth, with no
indications of rain in Texas and other parched
districts. crop estimates were given little at
tcnton. Buyers who are rather inclined to
believe that Mr.. Neill is acting in the interest
OF SPECTATORS rather than the spinners, as he
pretends, are beginning to realize the enor-
nous damage crops have already suffered and
tho prospects OF an exceedingly short yield
should rains not be forthcoming within the
week, and do not propose to be caught short
The very fact that cotton advanced to l.
points today upon the issuance of Mr., Nei,is
estimate is ample proof that dealers have but
little faith in this gentleman.
The second statement was given out by the
London Neill 1t is understood that he cabled
to Mr.. Henry Neili OF New orleans. asking
whether there had been any change in crop
conditions. The latter gentleman responded
that, while there may have been some little
damage in Texas other States had improved,
consequently he would hold TO his former CON
illusions to the ultimate yield.
Local cotton men, as rule. believe there is
but ending TO damage already sustained,
and that is higher prices. They say that,
while the heavy movement of the staple at this
time may have tendency TO keep the mar
ket down for a short while, yet at the first
report of receipts below those OF last year for
the same time a reaction will take place and
higher prices win follow and be maintained.
There is doubt that the crop has been
greatly damagod--if reports are TO be relied
upon--not only In Texts but in many other
sections of the cotton belt. One wholesale
merchant who does an extensive business lii
wagon cotton said today that nine out of ten
OF his customers reported that their crops
would be third less than last year. On many
upland farms nearly all OF the bolls have
opened aud the first picking Will constitute
the yield,
tons are far worse than in the territory ada
cent to Houston as is shown by the weekly
weather report, not single good account be-
ing sent out.
Houston spots closed steady. isc up; sales
none Other American markets were un-
changed-Galveston firm, sales l27 bales; New
Orleans steady, sales 625; New York quiet,
sales 2s6, Liverpool closed Lied down; sales
1000.
Liverpool futures opened quiet. 3 points
down ruled quiet and steady, unchanged TO
point higher and closed steady, with gain
OF point. being / point under the quotations
o; yesterday.
New Orleans opened steady, September q
points and other months to points up. ruled
quiet. September unchanged and other months
/ to points down. and closed barely steady,
TO points higher, being TO 10 points above
yesterdays closing prices.
New York opened firm at an advance of IA
points for August and to points for other
uonths, ruled barely steady, unchanged TO
to points down. and closed steady. August
( points below the opening, September 8
points and other months . to : points higher,
q net gain over the close OF yesterday of to
u points Tor all months.