The times. [volume] (Richmond, Va.) 1890-1903, 1893-12-06
nA1I.Y CoTToN LETTER.

N-r,W YORK. Dec. 5.-The foIoWlhg -
the daily cotton letter Of ATWOOD lole1V
q co. by private wire 10 - W. hi"ii0i'
r No hear element in New Orleans, and
~ ,,a,.,r noisy one II is, Is composed OF
9bont five men, and we say thls III ne
fence Of the general feeling theIe' WiICh
a. bnuish Their opinions are Nalueleaa,
i ~ with one exception, they were
= 75O 600 and S,OO0,OO men iasI year
of which nothing need be salu. ~ ~
time their Joint crop estimates W. W., -, -
sued in October, the hoN ,I,' o. mo
tbnS COMBINATION has been given 10 some
e,ttent 81 their large crop announcements,
Two of them have llttle OF ~ NVu.i e,s
correspondence, and the otheI tlIee IsIl 'i
what they receive, because " .tat 49,
enc character OF crop report thht goes
from the interior to anybody WlSnlhs
Information concerning the crop, Iney
are still insisting practlcaliy lnat .ne
planter Is a fool and does not KNOW Wndt
he IL talking about when ne says that
be &C. not adding about % to 30 per cent.
more 10 his crop than what ne mace last
wear Their efforts TO depreSS lne HaI-
ket would be laughable, were not the con-
SEQUENCES of high crop estimates so he-
rious In their effects upon the nina OF
the domestic and foreign spinner New
Orleans has been abused as the centre
OF most OF the bear talk TINS season,
and this explanation, we thlnk, is que
10 that market. Let US ste what lilNl Net''
over last year is necessary 10 make the
crop even 1900 600 pales. The crop OF
last wear was 6. 700 600 bales. III has
been generally accepted that Texas made
., 100000 bales last year. me ae Temainllng
To say that those States other than
Texas, are making 30 per cent. more this
year than last when most OF them say
that they are not making any more,
would be a stretch of the imagination
to which the bear coterie are equal, but
perhaps no one else. Assuming, now
ever that this Is a fact, IL would mean
an increase Of 1.35O0OO bales, or total
OF 5,S50,0OO bales. The best informa-
Others here and at New Orleans is that
Texas win not exceed 100000 bales.
Therefore a grand total OF 100000 bales
is made. With all these impressions We
cannot but think that cotton should be
a good investment on the basis OF 8 cents
for March in this market, the realization
Of which. however, Will depend upon
the extent 10 which trade is good, or not
good, and also for how long the spinner
will stay out OF the market, as he has
done fr Cso.s4g. dod cmfwyp mfwypmf
done for some time past, TO so great an
extent This market closed very steady
Al an advance Of 10 points from yester-
lays close. Liverpool had a better tone
line and closed l point higher than yes
erday. Our crop accounts are almost
Without exception of an unfavorable char
lcter. Our bear friends, however. viii |
ay that this counts for nothing, and |
We would not be surprised 10 see their |
rop estimates made on the inverse ratio. |
hat g. the more unfavorable the advices |
he higher will they raise their figures |
n order 10 refreshen the memory of our |
eaders we recall what we said about ten |
avs since--namely. that at the end OF |
november there would be in sight 250. 900 |
ales less than on the same day in 1887 |
ne crop OF which was 70l7.OO0 bales |
'ort receipts this day I'm 1887 were 81. 2s5
ales. We will give them daily, so that
can be seen by the current movement
neither we are losing or gaining from
az 20 day, compared with the crop that
as so much behind at this time in 1857.