The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-10
o,uv COTTON LETTER

NEW YORK Nov. 0.-The following is
the daily cotton letter Of Atwood, Violet
* Go. by private wire 10 c.. W. Branch
Wlth q port movement to-day OF 30 coo
bales. against $1,000 bales last year, and
"a total Of 81, 900 bales thus far this week.
against 10000 bales for the same time
last year and 81 900 bales less for the same
number Of days last week IL does look
as though such movement would IN
Vitc considerable buying, instead of which,
however, with no announcement at Liver
pool this morning and more sellers than
buyers mere, II mas been gradually cas-
ing market all day. aHd our closing IS
points under yesterday After / Il. NJ
report became current that Nell Broth
ers would issue an estimate OF SOO,OOO
bales but what there was 10 base this
rumOr on, and still further, what there
is at present 70 justify even an estimate
OF 10000 bales, we are at loss 70 de-
tcrmine. What we and others know who
feel as we do. that the market should be
better. but at the same time II does not
improve. but has become weaker for sew
eral days, and this after all, is the prac-
teal side Of the situation. The market
needs some strong supporting influence,
such as a spot demand VIII give H. and
but for the big crop estimates the English
spinner would have been buying as much
cotton as he was buying thirty days ago.
An estimate. however, of 100000 bales
minimum issued six weeks after the be-
ginning OF the new season, has deprecated
enormous extent i'm advance of any con-
hrmaton of such q crop having been
grown. The excess Of the CrOD I'm SIGHT
up 10 Friday last over last year for The
same time was 10000 bales according TO
Secretary Hester, of the New Orleans EX-
change, and we estimate the movement
ms week at about $4,000 bales. against
"5SVD bales last year The excess
therefore, since September by tomorrow
VIII De-, say 10000 bales more than last
year. Total brought into SIGHT of the
tiYp, Dut as the movement last year was
a. llghl one, tn excess now is larger and
shoui1 De larger than IL is. What the
market needs, however 90 put it higher
LOT sp9ts ana then for contracts is to
nave the consumers buy 1t, ana. int our
opinion we think he is making a mistake
because mere is no pressure or weight of
STOCKS anywhere lu the South. and the
We-k'y, movement tomorrow will show
a smaller stock az the uorts and interior
towns than last year. as the exnorts ba,,a
bten IlbOOO bales larger than for the
diue tlHe last year. but. as the ENGLISH
HpIlhtI was taxing at this time one wear
go "g''VV pales weekly less than their
lhat thls excess of export shoIld eyfet
ana bul for Neil Brothers eqtinafe
AHleil can stocks would have been relieved
~" lultHef Liverpool is in control of
government. in its November ren0rt ,,nf0
Idsl year usually made mention of the
amount or lint per acre and II this is
done tomorrow in its expected report
IL should bee a weight of bales less than
last year mp TO November list. because
Secretary Hester shows that up to that
date the weight was 3t-lOO less for the
whole crop, and Secretary Mills, Of the
Galveston Exchange, shows that Texas
bales up TO November 1st weighed
10 1900 less than last year This ordi-
rarilv would Doe bull feature whether
10 viii now or not remains TO be seen.