The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-29
COTTON OPINIONS.
NeiIi Bros Circular, which WINS Ia
sued ON the 18th.

Extracts from Messrs. Nein Bros cotton
circular. dated London. England. 12th instant:
Preliminary Crop Misunderstanding of the
growing crop in our circular OF July Il
iast-now nearly two months ago--we gave
warning TO our clients by stating that our
Information from the South had for several
weeks consisted of the worst series of re-
ports which. so far as our memory served.
II had ever been our lot TO receive at that
time OF year from our usually non-alarmist
friends while Mr.. Henry Neil, who is
usually so inclined to discount pretty llber-
ally all complaints from the interior admit
TED IN his dispatch then just received that
serious and irreparable damage had been
Done Some exception was taken by crit
zeal friends 10 this word ''irreparabe but il
was used adyisedly. Its correctness was soon
conelusyely tested BY six or seven weeks OF
hlghly favorable weather-as favorable as that
OF June had been the contrary, and IL the re-
verses OF June had been anything but irre-
parable they would have been repaired There
WAS INDUCED chorus OF favorable reports
rom All sides-ofhelal and on-oficial But
wnat Is the result? Before the bad weather
OF May and June sanguine hopes were enter
talnsa and with good reason OF the crop
Iesehing l2.OOO.oO0 bales or more, and even
lS'ocV,vcv was spoken OF. Now few estimates
exceed l0.500.0OO, Tho word ''irrep9rable'.
u therefore shown 10 have bsen pretty cor
rect Rarely in the history OF cotton mas IA
much and kGcn vital damage been done l,v
SIX weeks OF excessive rain!
sun remembering the large area planted
ana the many weeks OF fine weather which
have BEEN experienced since the beplnnjn, nj
July, II was our idea that an estnnafs On
oWo,OOp bales maximum, subject 10 an aver
age date OF frost, would be low enough TO
esumate Tor the present and We expreHscd
this view OF Mr.. Henry NeilI He cables us.
however. IN reply, that he sees no possibility
OF 10000 OB and he desires us ITO publish
s.i5O.OoO bales as his maximum estimate. sub
1ect &c heavy reduction from this amount
In case OF an early frost
AS 70 how this will meet the wants of
consumption our friends can each calculate
for hiinself. but TO us Il appears that, We are
10 presence Of such a crisis in the trade a Z
has not been witnessed since the American
war We may. Of course look forward 10
a better supply from india hut against this
the les goods and yarns India has bought,
owlns e the famine and thefpague. and tho
less China has bought, owing 10 the war.
and the less the world In general has bouEnr
all through the year owing to the high prices
arr scarcity Of near cotton and the relative
chcapness OF distant. the greater h the
vacuum 70 be filed up and tho more goods
VII al! these markets require 70 buy during
The ccnfnr year And MS regards the raw
rhierial the warehouses OF Liverpool and
PTS everywhere can not be cleared 81 their
ds.sfo'rary stocks as they are al present with
out heyiny more than usual to buy in order
r. rffl1 them. We have only got through.
ma barely got through, the past year by
arr -'''rE on our reserves visible and invisible
70 The extent Of 1,7ooo 900 bsles. but Ter the
toh>ipEs year We have. alas no reserve 10
|0fo< u7Qut To get us comfortably over the
x>er ~ should require an Americas