The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-11

NEW YORK. Nov. 1O.-The daily cotton
letter Of Atwood. Violet q 60. by private
wire to c. w. Branch Co.:
The government estimate OF INT per
acre Of the crop of 1S9O-'91 was $50
mounds. and the estimate Of to-day is
lao pounds, which is 20 pounds below
the average of the six years preceding
Inst wear. In addition 20 this, the or
0c.a1 figures we gave yesterday from New
Orleans show that the port receipts up
10 November 1st weighed over pounds
less than last year, ana crop esllild les
and betters are telling us th2t ten InoIths
before the end of the cotton year lhat
the South lis 10 make S00O0O0 bales. Inc
government made no report last year OF
lint per acre but said that the returns
showed two-ffths TO tour.hfths OF a I ull
crop. Any one can DO his own hguring
to see whether this estimate is realized
or not Putting the acreage OF the pres
cnt wear at fQ2OOOOO bales, Whlch Is MI
H. Nelrs official estimate OF acreage
this season. against 2O.6OOOOO bales IN
1890 and 1881, and multiplying by lay,
against $50 I'm 1871, and dividing this result
by $50 pounds 10 the bale. and we nave a
crOD Of 6O5O.O0O bales But we Will say
that the government is 100000 bales out
Of The way. and the crop will then point
to 7O0O0 600 bales, against S,SjOOOO bales
I'm 1890 and 1891. If there is any bear
bureau estimate Of acreage this year IS
consolation i'm this, we fail 10 see IL. The
1G771 900 bales. Mr.. Neills estimate IS
10 100000 bales. and the Chronicle 1901
600 bales: therefore the average of the
three is 1S5I7.OOO bales. But we have
taken Mr.. Neills estimate CAS- he is con-
sidered the official authority on crop es-
timates). and there is a disparity between
his acreage at 40 pounds TO the acre Of
20000O0 bales. between what the crop
points 10 and the government report and
the estimate that Mr.. Nell is reported
TO be about putting forth I'm addition 20
that Of last month which was ZOO, 900
bales minimum. Under the influence of
a lower Liverpool of 20 3 points, this
market opened 4 10 . points lower but
quickly improved, and the closing Is II
points higher than last night A much
better Liverpool is expected tomorrow
especially as the spinner may be given
q surprise as TO the probable Outturn I'm
quantity of this crop, and though IL may
be tiresOme 10 our readers 10 repeat II
az the same time the spot demand is es-
scntial TO a permanent Improvement in
contracts. No matter how liberal cal
culatiOns may be Of the bureau figures
such as we have done by adding 1OOO,OOO
bales there rs no way Of arriving at "a
crop based on the government report
larger than 1000 900 bales. The market
Is In a better position. because of the
disappearance of 5000 600 bales estimates.
$50 far as such figures gaining any Gre
deuce is concerned. The effect Of the
report to-day should strengthen every
Southern spot market and this too.
should have its effect on Liverpool and
the Continent, as well as the American
spinner Watch the spot situation close
according; the foreign and domestic con-
sumner is buying or not buying. Port
rersfuts for the week are 2l3pU0 bales,
AGAINST 2C9 900 last year. Interior re-
ceipts. 10000 bales, against 5000 bales
last year and ti3.0l0 bales last Friday.