The age-herald., 1900-07-07
Cotton Letter
Fairchild & Hobsons Cotton Letter to
 H. D. Cothran & Co.

Fairchild & Hobson's Cotton Letter to
 H. D. Cothran & Co.
 New Orleans, July 6.-The urgent demand for spot cotton in Europe has overshadowed the benefits that the growing crop has re- ceived from past favorable weather con ditions. At HaVre the spot market is quoted 21a francs higher than yesterday, which is attributed to the buying in that market by English spinners. The conti- nent is more fortunate than is England by possessing nearly as much cotton as it held at this date last year, but there being such a keen demand for the raw material that it hesitates to dispose of it's property eX- cept at higher quotations. Liverpool fu- lures closed to 10-64ths up on old crops and to higher on new arrivals, spots maining unchanged, though sales of F, 600 bales were made at full prices The first trading in New Orleans was done at an advance of points on August (9.99 and 8 points on October at S.34. Advancing Liv- erpool specials market became firm and inn proved to z points additional months mentioned respectively. There was a set back however, after Liverpool closed on well distributed and in some instances good rains in Texas, October diving to S.30 and August to 9.92 In the afternoon there took place sharp recovery on the publishing of the visible supply statement, showing the world to have taken more cotton during the past seven days than it did for the corre- spending week last year. Most of this evenings late buying done at better prices than morning prices in spot cotton. There will undoubtedly be an improvement in our market Tuesday. Liverpool stock Of American and afioat tonight is but 327, 900 bales vs 11H,0OO bales last year and L. 012.0 GOO in 1898. Spots advanced here 1-16c and 1sc in New York. Murphy & Co.'s Estimate of 300 Cotton Crop
 New York, July 6.-siufpny & Co.'S es- innate of the Texas cotton crop and re- vised figures for the estimated yield of the cotton belt for 1900: In our estimate of the cotton crop computed upon informa ton re- ceiyed between June and 15 cai.ad at- tentjon to a shrinkage in the Texas acre age resulting from unfavorable weather conditions and the abandonment of bottom lands; also to the indefinite nature of an estimate for this State at that time, owing to a lack of information as to how much of these abandoned areas would be replant- ed, CT to what extent wheat stubble Janus would be plan in cotton this season. in so much as the Texas yield is about one fourth that of the entire cotton belt and therefore most important factor in any estimate of the crop at large,it was decided to make canvass of every county in the State in order to arrive at correct con- clusion in regard to the present condition of the cotton crop therein. Therefore on June 20 inquiries were mailed to every county and to various responsible corre- spondents in every cotton center, number ing in all about 800 for the State. From our replies. which were prompt and con else, we have deduced the following con- ousions, bringing the conditions up to July 1. The most striking feature of our returns is the sensational shrnkage in acreage. owing to abandoned low lands and the inpossibility of converting stubbie fields into cotton cultivation on account of the lateness of the season and the scarcity of cotton seed and farm labor. That an