The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-30
D,1r.v COTTON LETTER.

NEW work. Nov. o0.-The following IS
the daily cotton letter OF ATWOOD, v lole,t
a co. BY private wire TO {. W. brail0n
a Co: .t.,. chic
week last year was 2I20O0 bales, which
we shall about equal; the following week
last year about 36j,OOO baies came lhlO
sight. which we shall not equal, perhaps
los 1900 to 20,OOO bales. On fIluay
last the excess In sight over the Eame
dav last year was about 3W,WO bales
Therefore, on Friday of next week we
shall have less in sight than on last FIJI
day. and judging by our accounts from
the South. Mr.. Neil and his following
will have an interesting time to realize
10000 bales minimum. Al the end OF
November last year traction less than
- per cent. Of the crop had come INTO
sight and we think the statement VIII
be endorsed by every cotton State that nj
least ~ per cent. Of this crop will have
come into sight by tomorrow night NO
vember 30th. and yet " per cent. repre-
sents a crop Of 100000 bales, 10 realize
which there must come INTO slsht AFTER
tomorrow until September lst next. about
3. 100000 bales. We have commented
previously i'm wondering how the big crop
people obtain their Cata for hgufihs oht
estimates Of 10000 TO 'S,VU.On bales,
and we can only explain II that they
have got il out of their heads and not
from interior correspondence, because
everything that we have ever had from
such sources leaves but one conclusion,
and that is a moderate crop. II they nave
any coFrespondence IL would be interest
INK to know who and where they are
Liverpool confirmed to-day by thelr
larger spot sale Of L.. 600 bales the re-
ports 20 which We referred yesterday
Of better business there, and If they are
buying now. with such movement as
Yesterday, il is perhaps natural 10 thlnk
that they will continue buying at the
same rate, If the movement fails on,
OF which there are indications at the IN
terror which point to about lO2,OW bales,
against 100000 bales last year and 10000
bales last week. The semi-weekly move
ment reported by New Orleans to-day
shows an excess of 800 bales at thirteen
leading interior points over last year
ana about 1000 bales less man idst WEEK.
There is a very large interest here FOR
Liverpool and New Orleans, against pur-
chasos in those markets, and therefore IT
IS not a speculative interest, but II Is
here and exists all the same. and. In
addition, there is a considerable specnla-
tive short interest here. outside of which
II has been sold against shipments 20
Europe and cotton i'm transit. Now the
the question is who holds the long interest
represented by these short contracts. We
can account for good deal OF II, but u
looks as II there is some absorbing power
on the long side, which may develop
itself later. our southern adYices to-
day confirm a rapid marketing of the
crop and falling off in the movement
In the near future. After all these bun
arguments. however, we come back 10
the necessary feature to help the market.
and that Is the spinner, and We anticipate
in the near future a realization by Amer
ican and foreign consumers that this
crop is not 60 assume such proportions
as the estimates put forth by those whose
figures have depressed the market so
materially during tho past thirty DAYS
or more. We close here points better
than last night, and Liverpool about the
same as yesterday.