The times. [volume] (Richmond, Va.) 1890-1903, 1891-11-29
QUOTATIONS.


Nrw York. Nov. 2s-Nlessrs. Hubbard Price
IL Co. in their cotton ere Mar tonight, say
"Our statement of the statistical p0siNon 81 the
cotton crop viii show an excess OF me crop IN
sight as compared with last year or f4j'Wg
bales The visible supply shows an excess OF
nearly 100000 bales as compared VIII $50, ana
tho plantation deliveries are 500 larger.
iTbcse figures are generally regarded a. severe
blow TO the hopes ana propnesles or
the bulls OF Liverpool declining az the
close of the short session some 3-u4 compared
Tyifh last evening The effect here was an OPEN
ing decline of DO points, followed ~ ses-
son of weakness and q further decline,
final hglres being the lowest Of the Gay
om6 fourteen POINTS lower than yesterday.
inst before the close consllerapie pressure 10
.en Developed upon the receipt oi a0Yices from
New Orleans that 1000 Dales OF cotton would
arrive there on Monday and this teellng was
ON Of decentralization almost. In tact, today
has probably brought more complete aDail-
donment of small crop ideas than any Prev
onslv as u is with q teelug OF disgust tilat
those who had pinned their faith ana action
,,r,en the vOciferOus predictions OF smaller re-
ceiuts this week find themselves Daily dlsap-
pointed it is 20 be borne III mlhu. however
That another bumper crop is by no means YET
certainty. The New Orleans movement. Is
likely 10 be large, IS n is the lest dAy OF ne
month and receipts that Would not usu-
aiiv la counted until Tuesday are included
in TINS connt. FROM tho &Ith ol November.
1890. until the end OF the season last year the
total quantity Of cotton coming IN hght vas
4H1AUO bales. 70 keep the YresehS cE"P "ithih
-f000D bales jt is necessary that the movement
from now 70 the end Of The season shall lose
'tsi MGR cent or say 100000 bales. II IA Tor our
Southern friends who are among the cotton
fields 10 determine how Iar tins is possible
nenfin0eucv ANY further decline seems likely
20 fo - Glow one as this whole world is plainly
6ebrtinq how far the price has adjusted itself
- Tho condition of supply and IS disposed TO
- cotton on any decline. In this connec-
tio1 in is interesting TO review the STA
ti.tical history Of tho trade. Accurate
s,sfisrcs are only available since is3b. in july.
$40 under the pressure of great financial panic,
,nidjling sold in Liverpool 90 ld. per pound,
ia ritbin three months had advanced so sd.
H. October. 1873. the political revolution in
irance and Europe generally depressed the
rrice 10 9isd 'hut within year Il WAS again
aaboce al To-day middling Is quoted IN Liver
III al 47-l6 with the world facilities OF trans
forsotlon and communication so developed
Ist anv disproportionate distribution OF the
si,lr, II impossible Naturally this question OF
how much further down IL can 30 Is conIinu-
@iIy ,,tures closed steady. Receipts at the ports
Tor the dayare estimated al SiNOl, against 5000
last vear Tho stocks n the ports are now l2s.-
noo is1es and az the interior towns fi2OC0,
.oainst GrO 900 and $4,000, respectively, last year
s, rrcess IF 1000 bales The total moY emeut
~ the crops since September Is 100000 bales,
aQain, A. 900 year ago, an increase or ii5 900
| hsIes. Ibe stock in New YORK warehouses u
| DO 0O1. against 42OD0 same date last year. The
| spot market is dull at l-1j DECLINE on quotations:
middliag uplnnds, l-lo. no safes reported
Transactions in futures TO-DAY yo,UO pales; No
| yember. nominal; DecemDer, ..lus''s2; Janu-
| airy, 7s9: February. s.03ss.O6i Marcn' olssS.20;