The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-05-23

about 8 per cent larger than year ago,
and is about $4,000 bales less than in
1892, and 80 per cent is American. Re
ceipts of sea island cotton to 10 were
745S5 bales, export 1884 bales. North
ern mills took 81, 461 bales against 22,OO2
last season. The government report indi-
Gates the 1895 average as 7S.5 against
S1.6 last May. Mr.. Ellison estimates
European weekly consumption as 10000
bales, and from September 1 to May l
9 425, k2",000 pounds in bales of 497.9
pounds each, against 2,232, $4,000 pounds
in bales of 471.6 each last season, leav-
ing spinners' stock May l of 1,O6O,OUO
bales against 76S,OO0 bales year ago.
There is a growing bullish feeling on
cotton all over the South. The general
claim is there has been less fertilizers used
and the acreage is less. Much of the crop
is badly put in, and will not mature as
good as usual; that at picking season the
fields will be green instead of white. Rains
and cold weather are reported by our
correspondents in many States. Mr..
NeiPs report is expected to be bullish and
affect foreign traders and orders. Others
claim the advance in all cereals and stocks
has exceeded that in cotton. AS cotton
led the list it is likely to again advance
to 7 or 7 IL before the bull fever is over,
and sell around s or 8 cents next fall
Wheat-The average May condition for
the past six years represented a crop of
307, 100000 bushels of winter wheat, the
final outcome indicated yield of 324,-
100000 bushels. The greatest extreme
being last year, when the final crop
equalled 7G00O,OO0 more bushels than the
May report predicted. We think it quite
probable the acreage in 1895 will be re-
duced and that winter seeding in many
places has been damaged. Reports from
India indicate their acreage has been re-
duced 30 per cent. Argentine reports
their probable exports will he only about
"a 100000, against 56,0OO,O0O last sea-
son. The Daily Bulletin May 1 reported
the European visible as S1,500,OO0,
against 99500,O00 last year, and the
worlds visible as 1S6, 1923, 800, against
06,913,000 May l, 1894. Danubian crop
prospects are generally reported good,
little or no complaint reaches us or is
heard of the German, French or English
crops. Stocks in Europe are light and
continue decreasing. The amount being
put afoat has seldom if ever been larger
per week. The amount ahOat continues
near the maximum amount and seems to
cause great alarm among foreign buyers,
yet it is noticeable they accept most G.
|. E. offers when the prices show slight
declines from previous offers. Rye every
where is bringing better prices Chicago
receipts of wheat and flour since january
1, 1895, equal about 35,O00,OOO bushels,
against 100000 the same time in 1894.
Chicago official stock january | was
&c, 465, 112 bushels. Now it is u ,051 900
bushels. They are shipping some wheat
to mills in Toledo and st. Louis; these
points sent them wheat in 1894. Primary
receipts of wheat since June 30 equal
about 143, 100000 bushels, against about
151 100000 q year previous, and 2oO,OOO,-
600 the previous season same time. EX-
ports to date have been about 100000
900 bushels, against about 2O,O0O,0OO
same time previous season. Sentiment
continues bullish; leading wheat ope-
ratOr and packer is reported as predicting
wheat will soon sell at 20 cents in Chica-
go, and then have more friends than
around 90 cents, and further that wheat
is likely to sell very high this year. The
S0-cent prophets are now about as numer-
Gus as the 50-cent guessers in midwinter
Then winter wheat flour was 80 to 13I
SCENTS under spring samples, now the
difference is only about 10 cents, and it
will disappear if primary receipts of win
ter wheat do not show up soon. The
invisible is conceded to be very small.
Corn-The visible decrease last week
about 16 per cent. Primary receipts con-
tinue under the domestic and export de-
mand. Ambitious bears have contracted
a little corn for December delivery in
Chicago at AZ cents, and for May, 1896,
at 46 cents; this has astonished some en-
thusiastic bulls, who do not realize that
little or no corn ever reached any of our
speculative markets to grade contract in
the year in which it was grown. We
scarcely look for any to do so this year
before October, provided the best of corn
weather continues until the crop is fit to
crib, which does not ordinarily occur be-
fore November in the commercial corn
States. May and June corn crop cOndi.
tons seldom guide spectators to be of
benefit to them. July and August makes
or unmakes the American corn crop. which
bears and their railway friends
predict will equal 2,5O0000,0O0 bushels.
Speculation is broadening. Corn mer-
chants appear sanguine of better prices.
The bears are not aggressive.
Oats-Crop reports continue of the best.
Stock of old oats is considered ample to
satisfy consumptive wants. Bulls have
but faint hearts, as losses have been Sc
we're and prices not up to expectations.
CLAPP & co.