The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-28
DAILY COTTON LITTER.

NEW YORK. Nov. 1.-THE following is
the daily cotton letter OF Atw3oc' Nloleil
q, Co. by private wire 70 u W. braiich
our market opened comparatively
steady at to > points lower than Satur-
day. but the port movement iCr Ine ,, uag
developing largely. added TO very weak
IiverpoOl brought aOout further decline
OF total OF Ia points Tor the Gay. -
recovery of or points from TINS l,ldhes
the record OF the days marker. C aDie9
said that Liverpool weakened hedElS
ON account of a failure OF a prominent
LonGon house with Manchester cohlnec,,
tons having a large trade WIN tilS I1oS'
Indies The market mas feiIlaiileu LII III
parativply steady here, consideflnB az
the adverse influences of weak Ioielsh
markets and heavy movement lhulCdt-
ing that those who have sofa are Ieduy
to take in moderate prOnts, ana thls -
a constant source ST recovery from de-
clines of any moment Al the haIne
time we have the spinner both al nome
and abroad giving no assistance ~ tic
way of spot demand that would give
lasting support TO prices Liverpool spot
sales being 5000 bales shows insl ttey
have fallen back from l2,OOO dally vi
few DAYS ago. All of this acc0lalhs
10 our views and information, IS the re-
suit OF a misapprehension on the part
of consumers as to what supply theg az
TO get out Of this crop, all OF Whlch We
have gone over previously. Inc pracll-
cal part of the situation now is that 10
can be seen by the daily movement, anu
while our Judgment Is that prices should
not decline with our ideas as 10 what
the crop will eventually turn out al the
same time IL does 90 down, IN spite OF
bad crop accounts, ana shows now ma
teriaiIy affected is the market by Inc
absence of spot buyers, The movement
is a very misleading one, and we give
these figures for the benefit of the SPIN
ner more particularly because II does
not indicate the higher estimates, Whlch
is Keeping him from buying cotton. me
following are facts; Al the end OF NoNem-
Der. 1887. the amount that had come into
sight was 40o3,O41 bales. which was
81 7j-1OO per cent. Of the crop Of 1887 and
1SSS. or total of 7,0l1, f0I bales. on
November 3Oth, Thursday next, we Will
have in sight 100000 bales. or 2jO,OO
less ON that date than what had come
into sight in the seven million crop year
ana yet the so-called cotton authorities
tell us that this crop Is practically
100000 bales. They say substantially
20 the planter you are making 2OO pounds
of lint per acre, which Is the only way
Of realizing a crop Of S,00OOOO on Mr.
Neill's acreage. The planter, on the
Otner hand. says we are making. on an
average, l05 pounds per acre, which in
ners say practically, in reply. that we
think Mr.. NELL knows more what you are
making than YOU DO yourselves. Every
body who is weu posted knows that 100
pounds Of lint to the acre is an enormous
yield ana on an acreage Of lV,2OOOOO this
would produce only lW0,000 bales, with
4Su pounds 10 the bale. If Mr.. NELL is
right in his estimate then there is some
thing radically wrong in the returns that
are being received BY every cotton firm
i'm this market and New Orleans who have
reliable southern correspondents.