New-York tribune., 1896-01-14
SMALL COTTON RECEIPTS
ONE-THIRD AS LARGE AS LAST YEAR

A CROP ESTIMATE RY r. T. WILSON CO. HAS
LITTLE OR NO EFFECT IN THE FACE OF
THE FIGURES OF THE MOVEMENT
r. T. Wilson Co. gave their yearly cotton
crop estimate 10 the trade yesterday. Il said tha,
reports from their Southern correspondents in
dcated a crop OF 7.lsS 2s2 bales. This house buvs
cotton for sp.nners. Its estimate is alleged 10 be
based reports from railroads. How much
superior reports of this are to base A guess
on 10 the daily posted Cotton Exchange receipts
saiherel with accuracy and impartialitv at all
the chief receiving points in the cotton belt II is
difficult 10 SEE. Bu II was felt that report which
guessed the crop down 10 a decimal of two bales
must be valuable and disin;erested. Liverpool
which had begun to decline. when Il received the
Wilson estimate advanced a hal.-poin,. Man.
chester spinners, whose takings on Saturday fell
10 500 bales. Increased their purchases in Liver
pool 1000 bales. The Liverpool future marke.
closed steady practically unchanged figures
The local market eased off the opening five
points Afterward on phenomenal dulness 1,
sagsel foui points further but rallied and closed
steady at six points net decline. The March de-
livery closed at S cents. The late strength was
on the posted bulletins in the Cotton Exchange.
the most legitimate and potential Of market in
nlences. These showed general a-round shrink
age which. If continued. will bring the crop total
FAR nearer Ne's estimate of $4,000 bales than
the oS,imate OF Wilson & Co.. announced yester-
day. Port receipts yesterday 1854. against
SS45S last year-about one-third OF last year. Ex-
ports 10000 bales. nearly double the receipts
al the ports. New-Orleans expects to-day 200 TO
500 bales against 1885 last year. a decrease
OF one half. Houston. the largest interior receiv
ing town. expects to-day 5000 60o) against 49,.
CO. last year. less than half. Memphis received
Yesterday l.4l9 against 2.Si7 last year; Cincinnati
lej against S5S and Houston 2.13l against 4562.
less than half. Augusta got PAS against 2i9 and
ST. Louis 40l against iOS These receipts the
true guide TO what the cotton yield this year will
be
The Southern spot markets were generally steady
and unchanged. though Augusta declined l-l6 and
Savannah Ia The local market declined l-l6. Spin
ners bought 167 and exporters 300 bales Spot sales
in the South were fair. New-Orleans sold 2seo
bales Memphis 2.40O Galveston lsSs, Savannah 72S.
Augusta Cos St. Louis 404. Norfolk pa and Mobile
%.
The bear tactics of getting Southern correspond
en;s 10 send reports of alleged sales of mules and
vast increases in acreage to be made by planters
who sold their only 100000 bale crop at cents
1 pound, Jess than il cost 10 raise. are not as
effective as they week or so back Other
dispatches coming up from the South casting
douh, on these mythical sales Of mules and al
lecei intention TO Increase the acreage. Here are
:wo that were received yesterday:
Augusta Ga-There is opposition TO any increase
IN the cotton acreage the coming season Inc pre-
d!cons Of bears in this respect will not be ver-
Newman Ga-After shipments Of recent purchases
of cotton there will not be stored aiong the line
OF railroad between Atlanta and West Point enouei;
20 supply the mills OF Newman. La Grange ana
Wcs; Point. until the new crop comes All mills a'
these towns bare Of stock
Meantime all signs point to steady and perma-
rent revival In the business world. The war and
financial appartions now remote and shado"y
"reminiscences as al sensible people have all along
believed would be .he case-stock market rightS
and nothing more. Gold is pouring In from Europe
and securities are rising buoyantiy in Wall Street.
London and in all the European bourses such
fkev never 10 be seen again in this country. but
they are not 10 be regretted. for things had 70
reach their worst before any permanent improve
ment could be expected In this far-spreadlng dawn
of stability IN business and general conmerciai
prosperity cotton Will be found TO ENJOY part
CONNIE nsurate with Its importance. -
vii not increase this year over last. circulated by
cotton bears. doubtless put forth In forgetfu-
ness OF the fact that seventythree new cotton mils
have been bull, in this country alone this year
These mills were built 10 remain idle