The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1893-12-21
COTTON CIRCULAR.
AcElroy Co. on the Condition Of the
Market,

Market. d.
New ORLEANS, Dec. 16.-McElroy
& Co. say:
Futures-The principal feature of
today is the visible supply which is no
greater than at the same time last
year and it has been gaining SO stead
lily on the figure of two years ago that
it bids fair to almost equal it before
the end of the present week. The to-
against 4,anOOO last year and
4,439, 900 the year before. 1t is pointed
to as an item of Importance that the
present visible is within 10000 of the
worlds supply on April /, 1892, when
May cotton touched 5 &c. but it is well
to add that conditions are now far
different from the decentralization in
the state of affairs then prevailing.
The heavy movement which usually
continues throughout the four first
months Of the season daily adds to
the visible supply, but usually
soon after the turn OF the year the fig
ures begin to decrease and by April
no doubt big hole will have been
made in the present enormous stocks,
so that the comparison between them
and the April, 1899, figures is not to be
considered.
Liverpool closed quiet at loss of
4 81 on the day aud spots were
quoted 1.16d lower with sales
only 5000 bales. The general
Encouragement prod uced by The in.
crease in the visible as well as the big
port receipts expected this week was
$4,000, against 1SS,00b last year caused
decline here of 0 points from last
nights but shorts still contince eau.
tlons after their experience of the past
week and their coverings caused re-
action, closing prices being only 8
points below yesterday. Spots were
dull with small sales, only 1850 bales,
and prices remain unchanged.
This is the season Of crop estimates,
and calculatio on almost every basis
find active supporters A favorite
method of calculation is to take the
amount OF cotton expected after that
1t is practically considered that the
reach 5, 400,C 10 bales. Taking the eight
past years as a guide we find that only
during the monster crops of 8,651, 000'
and 9,035,CJ0 has the movement
after January l, reached 100000. In
the former season the movement was
2,778, 900 and in the latter 1850, 900, but
the phenomenal yields can safely be
left out of our calculations, especially
when we consider the exceptionally
favorable conditions for marketing
which have prevailed during the first
months of this season. We can
thus consider 100000 bales as
the maximum to be expected after
Jan. 1, and this added to $4,000
would give maximum estimate of
| 7,4G0,U0 bales, with a possibility of
100, 900 or 1000 bales less.
Another way of working out the
yield is to take the average percentage
OF the crop in sight Jan. during the
past eight years. This average is r. GA
and on that basis a yield of 7,424 ,000is
indicated. Another little calculation,
for the making of which I'VE will ask
the indulgence of our friends, appears
to us very apt. At the present mo.
ment great many people insist that
the open fall has done nothing to in
crease the total crop. Even though up.
usually favorable weather should not
have helped to open a single boil. II
will hardly be disputed that it GER
talnly has served the purpose of saw.
ing great deal of cotton that wet
season would have wasted.
One of our planter friends figures
mat the average stand per
acre is $500 stalks, and if
the fine weather permitted the
saving of one boil on every stalk. $3.50
boIIs would be thus ginned. AS 100
Dolls are sufficient to furnish one pound
OF cotton or one third of a pound of
lint, the saving per acre on the above
basis would be is pounds or something
like 800, 600 bolls if the same
conditions prevailed throughout the
entire cotton belt. A calculation; of
TINS sort is OF course not intended SER
lously, but however inaccurate, it still
cannot fail to set at rest all dispute as
to the beneficial effects of an open fall.
.n me hing to tie done in cholera is to use
klerstead King Of all Pain externally TO the
SuOmach Hannal and int