The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-12

the COTTON etnlistoi""' anu oho"s
nc lost his reputation as crop
nd why he is no longer relied upon
SINNERS. The article is as fol-
will not say whether he proposes
mother ,tatement as to the crop
his former circulars as.to the yield
that article stands. He attributes
Movement largely 10 Price. McCor-
who, he says are deeply and per-
erested in sending up the price of
claims that they bave spent hun
thousands of dollars In sending out
nd cablegrams on tho subject OF
tho crop and he cited the case OF
erram sent By the lrln TO single
Havre. in the hope of influencing
there.
seneral sentiment in New Orleans,
the very small coterle hacking Mr..
fnaucially Interested III his proph-
hat he has wrecked himself as
6nhet this year. and that he VIII
ptIe to recover from the complete
his estimates. The English SPIN
kontCed in him because OF III sue
a previous few years. Will lose so
8 season because OF their trust, that
never believe him again. OF accept
B,
the prevailing sentiment here. For
me the result was doubtful, Mr..
so strong a hold on the Liverpool
at it seemed impossible TO break its
him. and the unfavorable reports
epartments, the papers and experts
could not prevail against his die
he crop at a minimum would be IL
es. For nearly a month the battle
d, but the Neill forces have been
bsing ground. until now there is no
as to the result. The battle. is
IL is fully recognized here that
hat can occur will send back the
lotion TO where it would have been
Is statement proved correct. Some
followers may keep down the
otton slightly at New Orleans. ana
ports, but In the Interior the price
etters IRON East Felician;P and other
show that the farmers are insisting
for their cotton and getting it. as
Ia New Orleans, the purchaser be-
to get it at that figure and pay
Il to the city.
I'm is another case of the pitcher
often to the well. He is the VIC
3 success in the last two years in
ates OF the crop. He has been
this business a very long time.
Killer estimates little is known. He
them to European spinners. especi-
lish spinners, furnishing his circu-
much to each subscriber. In these
led the condition of the crop from
me with the probable yield. When
lime ago an attempt was made to
me of these estimates tor the pur-
determining whether they were cor
ot and whether they were hot al
versally In excess OF the actual
sh the effect of depressing the price
circulars, They were not issued or
on this side OF the water. Ocoas-
circular found its way back to this
jsent here by British house to its
inquiry, but there was no sufficient
determine whether or not Mr.. Neili
BID success as an expert and statis-
estimating the size of the cotton
Then. although his circulars were al
kt might be called Secret" they ea-
he influence on the Liverpool price
/ For some years past, there has
be or no secrecy about them. His
RS get the benefit OF his circulars
ice OF the general public and can,
profit by, them. as they shov
{the crop is large or small, therefore
the price is likely to advance or
But they are made public soon af-
and a chance is given to make. a
|on between previous efforts and the
Pop TO determine whether NELL was
as statistician and crop estimator
He amel ded his estimates from time
or the ground of changed weather
Is, and in this way frequently came
! actual crop toward he end of tho
oven when he was far away from IL
ginning. He was able by adding sew
IS estimates together and taking the
/ OF his mistakes. this year so many
bales too high, the net so many
too low. to get good average.
only small percentage. OF error.
TIER the crop had been marketed. to
! excess OF the actual yield. and that
thern farmers had sold their cotton
than It was worth. he laughingly
u the Lancashire spinners, whose
was, had no cauYe TO COMPLAIN OF
he had saved them 100000 or
p on their cotton purchases.
)rhaps the most remarkable estimate
B Of 1895, the only time when Mr..
IS bull. In 1895. the August bureau
las T7.9, the lowest net one on record
)@ever, did not strike Mr.. NELL in the
degree. A few days after that report
|lished he issued a circular doubling
Eminent report and almost all other
|of information and making an esfi-
crop OF 5000, 900 bales. 1t is true
ling the following month ne reduced
bate to 1000, 900 bales, ana ne would
he well to have stopped there. as he
lave been within e0O, 900 bales OF the
hre. But In October he issued another
\ OF 6,750, 900 bales, and he continued
Tess downward until he appeared TO
| the quoted statement OF one OF ms
lhat the crop might be under 6,OOo.oov
fnting upon this estimate, writer
Times Democrat, one OF the most
6shed citizens of New Orleans.
following savage remark to make as
Neill and his estimates:
This year there Is no chance for MT.
retreat.
be first place, he burned his ships
PIN. In tho circular Of August Il.
~ occDuu place., tlu iSht ..Se.S -..
|Mr. Neill In the kz12rynl between
|and September. 1895. has failed.
now Dlunglng In the utter darkhess
Dear den, and both the persuader AUD
Puasion are wanting 10 Induce MIN to
pt into the light Of the facts.
one understood the sting In this
lind that the light" which broke In
NELL in the interval between August
Ptember. 1895. and made him reduct
|mate 2.000.OO0 bales was Mr. Peter
lse. the big bull operator OF that year
the "persuader" who induced MT
r the first and only time to become
pnd send the price OF cotton up, ps
fimating the crop
the shock that this iss5 estimate ane
)den and extraordinary changes ht
his crop figures gave Mr.. Neill n
n, he recovered by 9 me- lucky guess
|and 1895. II IL tIne that last year
was fauhy In ahe aggregste, AZ
mistakes in one state onsettlne hi
mistakes In another. In Texas. FOL
!. no estimated The crop at 1000 900
Der cent too blah but he got soin'
bther States TOO 1ow and these othel
|stranse to say. corrected Themselves
|nght him right,
)ptember G, MIR. INeill Issued his pos
on the three prsylous crops,
Pw successful and close his estmate'
me following exc his own ngures @
al crop and his, estimate; a..
sof cotton. 8 ~ oJ1 II el1. 900 IL. 275.o on