The times. [volume] (Richmond, Va.) 1890-1903, 1891-12-10
New York Cotton Market.

NEw YORK Dec e.-Messrs. Hubbard. Price
X Co., in their cotton circular tonight. say:
The receipts of the past few days have
strengthened the opinion IN the minds OF many
that even after allowing for fair medium OF
truth in the reports OF short production and de-
cldcd falling of IN receipts after newt year the
new American cotton crop OF iSJl,92 cannot
well lie less than $500 go bales. Taking Mr.
Elhsons figures in his sn nuai report a. A. basis,
We submit the following statement: American
estimated requirements for 1881, $4,000. the
actual consumption in ISgJlgl being 1857. 900;
the estimated supply for loJl-g2 IS
8.OOO0O0 and the actual supply IN iS9ly S55.000.
Brazilian estimated requirements for 1891 ".
250.OOO; actual consumption IN ls9O-yl, 2l3.OOO:
The estimated supply in 1912 is 272,0D and
the actual supply III ls9l 90 was 231 Egyp-
tian estimated requirements, IN lSyl 20. 50,010:
actual consumption in 1881 20. $4,000; estimated
supply in 1891 ", 10000: actual supply in 1890
81, $4,000. Actual consumption IN 1890 VI, 1000;
estimated supply in ISL W, 27'0gg0, and actual
supply in 1890 ". 27,OOO. West indies.
1871 %. 10000: actual consumption 1890 81.
$500: estimated supply 1891 ". $1,000: actual
supply 1890 81, 5000; East India estimated re-
qulrements. 1881 -, l.DO.oOj; consumption
1891 81. 10000; estimated supply 1891 W, l,l50,
90; actual supply 1870 u. l,3la00). Total esti-
mated requirements 1912, l2,02iOO0; actual
consumption 5.0-9i, ii,s3S,00O; estimated sup
ply ls9lg2, ll.573,G6O: actual supply s9O-el, r..
100000 excess product bales OF 40 pounds,
1880 81 Il, 900 bales; excess consumption, bales
OF 400 pounds. 1890 81, 10000 bales; excess con-
sumption. bales of 400 pounds, 1891 W. 4sl 600
bales; net reduction supply estimated
for twelve months ending September, 1892
$4,000. The market to-day in Liver
pool was at the opening about 2-a
lower but spot sales were still free and spinners
seem content to go on buying on the basis OF
present prices Our own market showed de-
cline of three 10 four points but when il became
known that receipts in New Orleans were
lighter. together with later improvement and
higher closing in Liyerpooiit led TO a recovery
The significant feature Of the trading has been
the absence Of aggressive bear sellers After 2
O'Clock the market continued steady and made
further slight gain. closing finally two points
above last esenings figures. Tho bulls DON
sell and exhibit great confidence in their posi-
tions and the short crop on which II IL based
Receipts at Memphis, Augusta. ST. Louis and
Cincinnati woro 1851 bales. against 1891 last
year"
Futures steady. Receipts at tho ports. o. oc0
bales. against 5000 last year: The spot market
is dull and unchanged. Middling uplsnds. LIS
Sales, lSl ales Exports are now gOO1D bales n
excess Of last year to this date. Transactions In
futures 10000 bales December. 7,la7 ri: Jan
nary. s5Sa7S7: Eel ruary, e.03(ssO4; March. slsS
sle: APRIL s.32(9S s3. May. s.45a64G: luna x b6S
s.57; July. s.669S.61; August, e.53sS73; Septem-
Der. g.69sSe.7Q
PRODUCE.
Flour-Flour closed quiet and unchanred
Southern -four closed steady after q fsIrly sc-
tive businesa; trade and family extras a. aota5
Wbsat-Whcat options opened ss6i%c lover
but Notwithstanding the decline therS Us an
sndertons Of strength due to the expssASd pa