The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-10-26

increased to 100000, II the damage in Mississippi
Louisiana Arkansas and Tennessee prove to be less
than at present stated. Neither in Georgia nor Ala
bama can the yield be 10000 bales greater than the
estimate, which Is by no means underestimated.
Indeed many planters and cotton merchants with
whom have conversed are strongly Of the opinion
that the crop will fall below 100000 bales ana
may not exceed 100000, but they not being specu-
ators are naturally disposed to deprecate the yield
In the hope of running prices by doing So Their
estimate is therefore, small and will pr owe to be
30. BY the figures given above 1t VIII be seen that
the crop in Texas is largely increased. This is ex
pected by all parties interested in cotton the area OF
land planted in that state this year being consider
ably larger than it was last year. The yield OF Mis-
ssslppi and Louisiana will also be larger than last
year; but, them 1t must be remembered that there
were no foundations this season, On the whole 1t
can safely be asserted that about threeelevenths or
over one-fourth Of the entire crop has been de-
stroyed by caterpars, boil worms &C., aad that the
balance VIII not exceed 2, 100000 bales
WHY COTTON 10 BEING LITERALLY CARRIED TO
MARKET.
II may seem singular that while the present crop
Is 500 600 bales smaNer than the one that cotton
should be sent to market earlier and IN larger guam
titles than last year TO those IN the south tnt does
bring about this condition Of affairs. In the 1rst
place, the caterpillars having eaten all the leaves
from the cotton stalks, the bos, exposed TO the In
tense heat Of midsummer sun soon opened ana De-
came 1T for gathering Thus cotton was gathered IN
observations influence an agreement with an in.
teligent Georgia planter, VINO mas puDnsned
an interesting letter on c tne cro iSe eaav snd
large shipments OF cotton. The statement that many
Of the planters have already gathered tner entire IRE
although the receipts at the different ports now are
months ent as e they are called here win show
December next, heavy and sudden falling on and
Ts ss sn Of he
explains in greater part the large receipts 70 Inc
time The next cause Is % v ps nas ana az
this subject is one OF considerable importance It will
be treated upon In another paragraph.
when the present crop first appeared In the mar
ket cotton was selling for an average OF twenty
averaged thirty Cents Planters took advantage Of
these high prices and sold without delay. Their
ces pe
laors who subsequently ran up the price 70 thirty
two cents warned them against delay and TINS the the
staple The effect has been to reduce prices and at
the present time OF writing cotton brings 25k cents
h Hsw sn Whose have been TsvSse
by catcrpillars may not lose money at twenty-five
cents but they certainly will make but very little.
twenty-five cents net win give them fair profit,
ana II they wise they viii refuse to sell 81 less
Cotton can be ~ gr ,e wn se aoSf e
average one, say $50 pounds per acre. Those plan
tiers who have escaped wholly or In part the cater.
And there Is not the slightest necessity for IT'S doing
so the last crop was disposed OF In round numbers
TO Europe. 100000
G N spte Of the cable telegram: regarding the enor
nous yield IN Egypt this year y very evident tnst
w nsea ss s
crop OF East India cotton In partly failure, ~
Is now well known Besides, the United states
consumption, and probably more. Looking fairly
nj the prospect then, 1t becomes evident that
ana supply Of only 100000, showing deficit OF
600 oO0 Under these circumstances the planters are
1 70 pe cens G poun me ADVICE
them to hold their crops at thirty cents Is unwise
but they can and ought to get what they now de-
QUALITY OF THE PRESENT CROP.
or seq island cotton but little has been made this
but the catferpiiiars destroyed nearly the entire
crop. As compared with the yield OF last year the
total number OF bales this year win be about ~
sea Island crop. 1878. 1859.
Georgia. lOu4 1000
Florida. ...................-... 90 800
South Carolina. ............... As7a saa 1850
But while the sea island crop Is lamentabe fall
ure 10 is nevertheless true that the other descriptions
q cotton Of an T w S orus s
thirty-nve cents per. pound, has been more exten.
sively grown than for several years past and win
have the effect or greatly increasing the money value
OF the crop. Had little pains been taken by
the planters In properly cultIvatIng the soil
the quality would not only have been much better
than the best average year. but the yield would have
been considerably Augmented In spite OF caterpil-
lars boil worms and the numerous other evils which
have attended the growth OF the cotton.
VALUE THE CROP.
I have already argued that In consequence OF de.
cit OF 200 900 bales the price OF cotton cannot fall
below TWENTY-FIVE cents per pound for some time 10
come-nOt mt any rate, until the present crop is
gathered. Spectators may endeavor to repeat the
game they successfully played last year. but they
will not succeed. Except those hardly pressed by
creditors the great body OF the planters are deter
mined not TO sell for less than TWENTY-FIVE cents per
pound The money value, then, OF the present crop
will be larger than that OF last year, although the
crop smaller The entire yield or cotton Ia is67-s
brought In round figures $22l 900 900, the average
price per bale being eighty-hve dollars Below h
given the estimated value Of the present CROP aver
aging each bale at $1l0:- r8
--Estfa,att-------->