The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-09-09
THE GROWING CROP and PROBABLE
PRICES.
Report OF hsSew Orleans Cotton Ex
change.

The Cotton Exchange OF New Orleans issued
its report on the lst of September, and Its
general tenor may be summed up as follows:
Mssissippl.-They say OF Mississippi 1t that at
three-quarters OF last years crop with favor
able season and late fall. Cotton.plcking is
two or three weeks later. Boil worm has
caused serious injury in many OF the counties,
and the caterpillar Is reported IN eleven, with
no serious damage as yet.
Louisiana-Excesslve rains In the south
ern, southeastern and eastern parishes, and
drought in the northwestern. Condition OF
the crop fair, Picking two to three weeks
later. Decrease In acreage eighteen to twenty
per cent. Estimate Of yield per acre one.half
to three-quarters as compared with last year,
with favorable picking season and no al
lowance of damage from worms. Caterpillar
in fifteen parishes.
Reconsideration of crop generally good.
Weather as good as last year. except in White.
Chcot, Woodruff, Drew. ASHLEY, Desha and
Arkansas Counties, which have suffered from
too much rain. Picking generally ten to fl
teen days later than last year. Falling of In
cotton acreage twenty to twenty-five per cent.
Estimated yield per acre from three-quarters
to seven-eighths of last years crop.
Administration OF crop not good. PICK
ing two to four weeks later, except where
maturity has been precipitated by drought.
RCrease in acreage tweI'y-one per cent The
weld per acre, with a favorable fall, viii be
seventy per cent. as compared with last year.
Georgia-Plcking from one to two weeks
later. Decrease in acreage eighteen per cent,
and yield, as compared with last year, seventy
five per cent.
Texas-Long and continued drought over
nearly the whole State. Crops greatly injur-
ed. Picking, owing to drought, earlier than
last year. Decrease In acreage thirty per cent.
Yield, with favorable season. one-half to i've
elghths of last year.
Tennessee-Reports measre, but favorable
in every respect.
The receipts OF new crop cotton to August
3lst, compared with pr Gus years, are as fol
lows: 1871, 90 bales; 1870, l09 bales; 1869, 432
bales; 1868, 476 bales.
The Liverpool. circular of Watts & Co., OF
August 18th, says:
The supply of American here and at sea now
amounts TO only 366,S00 bales, and If we as
sumo the deliveries of this description for the
next ten weeks at 10000 bales per week
against 81, 1852 bales per week during the past
six weeks, and 40,2S2 since lst January last
1t would leave us with stock of Only 66,8O0
bales on 26th October next, plus what We may
get from America In addition to the shipments
not at sea. The stock of American here on
9th October last year was 75,6 $50 bales, and N
the four weeks following that date 1t was re-
duced to $3.50 bales, and this, too, notwith-
star ding the shipments from America last
fall were almost exclusively to this port, owing
to the war then raging between France and
Germany. True, the trade have got large
stock of cotton, which Is largely composed OF
American, and our expectation Is likely to be
very small; 1t is, therefore, possible that our
deliveries may not, for the next ten weeks,
reach an average of 80, 900 bales per week; but
in any event, It seems quite certain the low
grades of American will all be wanted before
the close OF November, and that the trade are
more likely to run upon these than adjust
their machinery to work Surats during tenn
porary scarcity OF the better grades of Ameri-
can.
1t was generally supposed that there would
be an immense stock OF cotton on hand when
the new crop commenced rolling in. The sup
postic', was not correct one. Cotton of the
better grades is already scarce at manufactur-
ing points, and It requires the widest sort of
aA imagination to figure up crop in this
country of over 1000, 900 bales, and the indica-
tions point to even less amount than that.
Our rea iers will see that it is strong in New
York end Liverpool with upward tendency,
and II the planters can hold on to their crops
they stand fair chance of receiving much
higher price than Is now ruling.