The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-20

acre. In connection with these discOuraging
reports, a statement has been published show
ing a falling off in receipts of -four wheat,
corn, oats, barley, and rye at FIVE of the chief
shipping ports on the lakes. This decrease
from Jan. to Sept. l, as compared with the
same time in 1863, amounted to about twelve
millions Of bushels. But the total receipts
were only trife less than in 1865.
Turning to the South we find larger num-
Der of complaints. The recent rains along the
Atlantic seaboard have caused much grum-
bhng. II is said that the rains for weeks
past in the lower porti ms of South Carolina
have been almost unprecedented for volume
OF water and destructive capacity, During
the second week in September large quanti-
ties of rain fell along the whole coast from
North Carroll, to Florida and west to
Augusta. At Charleston it was estimated
that the cotton crop would be reduced one
third, and that the rice crop would be almost
ruined in some sections by freshets. Later
reports partially confirm these gloomy anti
cipations. The receipts of cotton at the Allan
tic ports show a falling off, and the stock on
hand at shipping places is lower than at the
same time last year.
The reports from the Mississippi Valley
have recently been of the same unfavorable
character The cotton crop in Mississippi,
Arkansas, and Tennessee is said to have suf-
fered from the worm. Then the yellow fever
along the Lower Mississippi and on the Gulf
had retarded the movement of the crop to
market. Then it was reported that equinOc-
tial weather had appeared unusually early in
Louisiana, and it was feared that between the
worm and the coming frost there would be a
considerable loss of cotton. From Texas the
latest dispatches say that the corn crop will
be large, and in some sections enormous.
But the cotton crop of the State is expected
not to realize over one third, and it is thought
that there will not be over fifty. or sixty
1,I, 4, Ill A.
The tone OF most of these dispatches might
lead the public to suspect that they were set
aloat by the stockobbers and spectators.
Accepting portion Of them from the South
and West as correct, it should not be forgotten
that the breadth of land planted this year is
much larger than last, and that over the
greater portion of the country the weather
has been favorable for the farmers. The
cotton crop, however much injured it may
have been in some localities, now pro-
misses to be very nearly as large as last year,
though, perhaps, we may not have so much
for export. The decrease this year, esti-
mated variousy at from $50 900 to 500, 900
bales, is not likely to affect very seriously
the markets of the world. To make up for
this deficiency our cereal crops are, in the
aggregate, much larger than usual and they
will probably more than cover our anti
cipated losses on cotton, sugar, tobacco,
and rice. In the South the wheat and corn
crops are much more abundant than ever be-
fore. The total value o. all the Southern pro-
ducts this year is estimated at $400, 900, 900,
of which the negroes will receive about one
fourth.
The remainder will help to restore the white
people of that section to something like their
former comfort Capital is becoming more
abundant there. Cities like Atlanta are being
raj idly rebuilt Factories and railroads are
sharing in the returning prosperity, and it is
believed even by those who oppose reconstruc.
tion on the present plan, that within few
years the crops of the South will be worth
81 600, 900, coo.
In regard to the country generally, it may
be said that we are not running in debt so fast
this year as last. Our imports are less, though
the large amounts withdrawn from bonded
warehouses show that our trade is relatively
better than last year. Between the lst of
January and the 1st instant, our exoorts have
been about twenty-five millions of dollars less
in value than during the same time in 1866,
and our imports have been, during the same
period, about thirty millions in gold less But
while the whole volume of our foreign trade
has decreased since January last, as compared
with 1866, about forty-three millions, there
has been an increase of about seven millions
in the value of foreign goods thrown upon our
markets. Hence there is no good reason for
any complaint about trade generally being
dull. 1t is, on the whole, much better than
at this time last year; and the certain prospect
of more than our usual supply of breadstufs
and raw products raised by our own industry,
gives good reason to hope for brisker trade
and better times.