The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-26
DAILY COTTON LETTER


NEW YORK, Nov. 25.-The following is
the daily cotton letter OF Atwood, Violet
co. by private wire to c. W. Branch
Though Liverpool was no lower than
last night, and this market fraction
better AFTER the opening this morning
a selling movement began, owing to New
Orleans receipts of 1900 bales against
1900 bales estimated for to-day and
$500 last year The movement al other
ports was also large, and the total for
to-day indicates $4,000 bales to JO0DO
bales, against 81, 400 bales last year 'rhe
sCLsitveness of the market to small or
large receipts is quite as pronounced now
as at any time this season, and naturally
the movement is one TO be very CLOSELY
watched, Tor the reason that we 1nusf
now show weekly considerable Increase
over the corresponding week of last wear
TO realize estimate Of 5000 900 bales or
whereabouts. our Information from the
South to-day cOrroborates more STRONGLY
what we received yesterday, and have
been getting for some time as TO the
small percentage of lint per acre, and
ii is well TO bear in mind what we have
put before our readers frequently recent
ly, that instead OF an average of ltD
pounds lint per acre, which our reports
Indicate as maximum throughout the
South, they could, per acre. must be l75
pounds, on MIR. Neill's acreage of 10 300
900 acres TO make a crop of 1000 O6O
bales, allowing $50 pounds to the bale
Ine bureau, however, in its report of
November 10th, shows that the average,
or their replies from all the cotton States
was l40 pounds to the acre, and we must
put these figures in print again. because
the people who are making big estimates
can show no information from the south
ern States that will confirm their est-
mates, but rely entirely upon meteOro-
logical conditions, and further, that be-
cause IN certain years certain condi-
uOns brought about certain results. The
same results should be realized this year
upon somewhat similar conditions. This
is tne sum ana substance of the crop
cas-, and il will be well for the spinner
In this country and abroad to take into
consideration the facts that We state
herein. Further. the New York Chron-
ices estimate OF acreage this year Is
$4,000 more than Mr.. Neill's, and we will
therefore estimate their acreage and al
low loO pounds TO the acre. or 81 pounds
more than the government replies show,
and divide by 40 pounds TO the bale,
ana this Will give crop OF less than
ItOO,0O bales. so mat even with this
liberal allowance the figures show far
below S,OOO,OOO bales. There is only one
way 70 realize such a crop this year,
ana that is TO take the Chronicles
acreage and allow 100 pounds TO the
acre, whereas there is nothing TO indicate
so Tar as advces from the most reliable
sources axe concerned. anything exceed
ing 100 pounds this season. 1t is not
necessary, therefore, 10 dwell upon the
Of 100000 bales. or ANYTHING
been misinformed as 10 the way the crop |
Is turning out per acre. and whenever the |
consumer In this country or abroad can |
be satisfied that the heavy movement |
now does not confirm such estimates as |
Mr. NeilTs, we will have a spot demand |
such as we are In need Of and such as |
we were having from abroad up 10 the |
line that his 100000 bales minimum |
was announced bu: apparently |
lot till then. Every one must recognize
hat the first thing is TO make the spinner |
ess OF a doubter than he is as 10 me |
probability OF a small crop and this should
'e brought about II a smaller movement
: realized. Liverpool would perhaps
ave improved to-day but for southern
ables giving estimates for Texas OF
100000 bales. We close here at q points
over than last night
Total consolidate net receipts of cot
on reported to-day and so far this week
rom all ports. S3.5ss bales exports TO
treat Britain. 2l,IDO bales Continent.
40 bales; stock, LOCI $50 bales