The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-01-02

reduced receipts and the relatively high
prices In America, continued on SINAI
scale for the season, especially 10 trcu'
Britain. Since September J TO TINS coun-
against 100000 last year, and l,2S'0W N
1899. Thus the visible supply, relatively
TO that of last year. Is reduced w over
million of bales since September j. IN.
then excess OF 50O.0D0 bales being turned
into n deficiency of $4,000 bales. TINS Is
II great change for three ana half
months of the season. and there can be
little doubt that 1t Will continue ana IN
crease.
Roceipts-that is. nil cotton brought 10
light during the past five weeks incluulhG
the receipts at interior towns-havc
amounted to only 1.67l 900 bales. against
2.3S1. 900 last yeir--a reduction of liia per
cent. Should these deliveries fairly rep.
resent the whole crop delivered the total
would come out 100000 bales, less 3ila
per cent, or 6,iSt 900 bales. This Is a Won
derfully close approximation OF Mr., IL.
NeiIls detailed estimate of November ]
Uhe date when posted In New. Orleans.
although only printed here on November
ID. During November several other est 81
mates. ranging from 6,i35.00o to 6'!G5,ooo,
have been lssued'-arrived at generally ny
quite a different process, 80 that therc
opinion ON the subject although the bears
OF New York and Liverpool 80 far refuse
to admit the probability OF less than
a. 600 COO bales Five weeks deliveries OF
We SEES no reason such ms existed in the
September drouth, to believe that they
arc above the normal. nor such as ex-
listed after the October fall In prices. 10
consider them below the normal proper
ton properly belonging to the period we
have now arrived at. Thoreforc. we
think this scale Of receipts. compared
with last year. may fairly be taken as
confrinatory $50 far an they go) OF the
six and ohe-half million estimate OF the
crop. But SIN lower estimate would
be justified by similar comparison with
tho same five weeks' deliveries of several
previous years. and especially with those
of 1928 d.722.0 0O. which were 10 per
cent larger than the 1871. 900 of this year,
and yet that years growth only turned
out Gljp.000 baios. and the deliveries G.70o,-
600 Two hundred and fifty thousand
bales of the preceding years crop came
out that SEASON. and there may be some
little addition this season without any
serious advance of price, but not. we
think, enough 20 affect the question ma
terially a.,
We have received the. following dis
patch from Mr. Henry Neill:
Now orleans. December 10. = ] fully
confirm my estimate as n maximum for
this seasons growth, although my latest
Information, especially from Texas would
warrant a lower figure. Reports Jnst ~
show receipts up to date OF b73oOo, against
ll6O 900. or almost exactly 20 per cent
OF last year"
SO large a proportion OF the complaints
have this season come from rexas anu aa.
rivcrs) while we have heard fewer from
the Atlantic States, II might well have
been expected that the latter district
would have done better than the former.
but il the relative receipts ms shown above
are TO lie trusted, such has not been the
case. Indeed the percentage OF falllng
off has been almost exnctly the same.