New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-15
THE SIZE or THE COTTON CE0P.
T WILSON co. ESTIMATE 1T At 5000" hNlf''
BELOW THE FIGURES or SIR. NELL

70 r WILSON & co ESTIMATE 1T At $1,000" hNLf'7
nErow THE FIGURES OF Sir. NELL
u r wi,.on g. Co brought out yesterday their
annual estimate OF the American cotton crop anu
the figures served to steady the LiVerpoo' "A'N''
where futures advanced half A point. ana oanssu
our market TO open two points over 'i'"''"'
close r. T. Wilson g. Co say:
rr,,oar, NJ our replles received from southern
Correspondents Indicates a cotton crop TOT i'''"
OF ASSES bales.
As the estimate about 5000 bales oclo" ''''
predicted 1000 bale crop Of the bears ana no less
than s0cD bales below that OF n. VI. NeI'i Oh
New Orleans the biggest bear Of ali. II was pam
10 the most uninformcd trader that s'meooN wa
mistaken about the size of the cotton crop "'
Wilson & co.'s figures are believed TO De oaseu vi
Information furnished from railroad sources IL WAS
IN. general sentiment that their estimate tins year
uas A pretty trustworthy guide. r. T. wilson "
60 Is a large and conservative horse ana 'hs'
estimates OF the cotton crop are peIie'eu I" W
carefully prepared and are received VIZ" '."e''
respect on the exchanges In An erica and abroad
After the publication OF the estimate pt'ees r.
coded undcr a heavy movement OF cotton 10 me
norris but Il was pointed that this movement
was al the expense Of the Interior towns four
known Interior towns have lost I'D" paies since
Friday Indicating that the big movement cannot
continue long There was big days sale OF spot
cotton in Liverpool-l2.CC0 bales 70 Manchester SPIN
ners-and the effect OF this. with the wilson esu-
mate WAS to close the NewYork cotton market
a shade over Saturday despite the heavy port re-
celpts.
The battle between the bulls and bears on 'he
many cotton exchanges In Europe AMI In ms couh-
try Is now about as keen at any time 81 me
wear IL will not be long before the actual rlze oi
The incoming crop will be definitely known ana cot
ION WIFI either 20 up stay down. for no one
believes 1t possible to get the stape any lower al
ready below the cost OF production As bearing
on the oft-relteratci theory that cotton is "W pc
cause OF overproduciiOn. cotton authority Poiats
ont that the figures show that September l. lSsS
the visible supply Of cotton In the worii was iSzto
halea on September l. 1894 the visible supply was
zoos 5s4 bales q difference Of only G2,sy bales or
barely Il per cont Between these dates the in
creased consumption COCOON bales year or
* ner cent twice az great the Increase In the
visible supply yet the price OF the staple HhrunK
s90 a bale in that time The Increase In the visible
SUNNY docs not seem TO afford a sufilcent ex-
nlanatlon OF the rapid decline
OF the present interesting situation In the cotton
trade Hubbard Price & Co. say "Advces from
Eiirone are decidedly favorable than the trade
expected when the movement OF the crop II kept
| in mind and are thought to reflect the disposition
OF the gpInners purchase their daily consumption
ana maintain their reserve stocks as surplus supply
THE situation In this market Is one OF considerable
| interest Merchants In Europe and the South have
sold In this market against their holdings OF cot
| Ton in other markets n quantity or cotton esti-
mated 10 exceed 1000 bales The contracts for the
delivery OF this cotton held by the long interest
Al time when the stocks Of cotton here amount TO
100 600 bales and the prices paid In the southern
markets for cotton above parity with New-iork.'