Birmingham state herald., 1895-11-07
Sun's CottOn RevieW.

0un' OOllOn 6eVl6W.
 New York, Nov. 6-The Suns cotton re- view says: Cotton fell 16 to IS points, then rallied and closed steady at a net decline The Liverpool cables quote declines of [ points in two days and then rallied and closed steady at a net decline of , points, with spot sales in two days of l6,OO0 bales, at decline of 1-16d. Manchester was dull. New Orleans declined 20 to 9 points in two days and then rallied slightly Spot 5 prices for spinning. St. Louis dropped B to 15 points and Norfolk. Memphis and Augusta bales
 Houston's estimated receipts tomorrow are GOOD bales. against 1S,200 bales for the
 Port receipts yesterday were 8. 5i9 bales. against 4203O bales for the same day last year. Today's receipts were S5,O35 bales, against 37600 bales for the same day last week and 6l,77O bales for the same day last year.
 Port receipts for the week are now esti- mated at 195.OO0 to 205,0OO bales, whereas few days ago they were estimated at 2S5,- 900 to 900. Last week they were 259.71 bales, and for this week last year 376,325 bales al and do for the same week in 1893 they
 Latham Alexander & Co., estimate the crop, based on 26S2 reports from correspond ents, at 6435,00O to 6,6S0000 bales. They esti- mate the decrease in Texas at 45 per cent, Louisiana T, North Carolina 34, Alabama and Arkansas B, Mississippi and Tennes- see 2s, Georgia 2, South Carolina 26 and Florida 15. They add that picking is further advanced than ever before and that in some sections 1t is about over; that the crop has been marketed with unusual rapidity and that few correspondents report any disposi- tion on the part of the planters to hold back cotton.
 Houston received 3650 bales, against 3631 bales for the same day last week and 40i6 bales for the same day last year; Houston 3137 bales, against 1906 bales last week and 13646 bales for the same day last year.
 New Orleans expects tomorrow 5000 to 5000 bales. against 0,5SS bales for the same Tsaxr lnCf DIr l,IA hA day last year and 774S bales for the same day in 1S93
 ,Ioday's features The disturbed political situation in Europe initiated against the interests of the bulls, inasmuch as 1t was reflected in dullness and depression in Liv- erpool and Manchester with which New York and New Orleans quickly sympathzed notwithstanding the smallness of the re- ceipts. not only at the ports but at the in consols was one unfavorable feature, ac- companying disturbing reports In regard to the the Turkish question, and, to judge from the cided to dismember the Turkish empire to- morrow or next day. if not sooner. Ger tainly Liverpool was depressed, and its spot sales dropped to small figures A war cloud is always considered a bear point on the cotton trade, because war interfered with general business. War, according to the old commercial saying, means dear breadstuffs and cheap cotton" There was less disposi- speculative element, and as the speculation thus limited for the most part to pro fessional operators here, the majority of whom incline to the bear side, it is not at all surprising that prices should have been marked down. At the same time the ceipts are so small that many believe that if the figures continue at their present ratio of decrease as compared not only with 1894 but with 1S93 spinners, domestic and for eign, must sooner or later come in and buy freely: The ports this week are now ex- pected to get only about half the quantity received in the same week last year, and about 100000 bales less than for the same week in 1893, when the crop was 7,500,00O bales. Furthermore, the New Orleans semi weekly estimate of the interior receipts this week Is only 5000 bales, against 150, 900 bales in the same week last year, while the ship. ments expected to reach only 39.000 bales, against 10000 bales for the same time last year; these figures, therefore, pointing to very small receipts at, the ports next week. But today the small crop movement was for the moment practically ignored. Local and southern selling and an absence of aggressive buying sent prices downward. southern operator sold 150O October, 1896, at S.3S, down to S30. and this transaction helped to depress the market though 1t Is of course merely an expression of opinion as to what will take place next year. The tone at the close was steady, after a very fair business for the day.