The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-09-09
THE NEWS IN THIS CITY.
6urmises and Comments Upon the Re-
suit.

"
The above dispatch was fled In the New
York office of the Western Union Telegraph
Company by our careful and enterprIsing cor
respondent, Nym, long before midnight last
Friday evening, the 9Th inst, and should have
been received at this office in time tor publ
cation In TIE NEWS of Saturday. That It was
not 30 received and published Is due to the
fact that 1t was flled just too late for transmits
sIon to Charleston under the standing orders
Of the company, which allow the closing Of
the Charleston Office, If no message is known
to be pending, at ten F. NJ. The dispatch was
finally received in this city at about nine
o'clock Saturday morning, when 1t was
promptly transmitted to this Office, and
as promptly displayed upon the bull
letin of THE NEWS. The bulletin
board was soon surrounded by an eager
throng of merchants, factors, brokers and
others, all interested In the final exhibit OF 30
competent IN authority as the Financial
Chronicle, and all eager to ascertain how
nearly their own surmises and estimates had
appropriated to the truth. There was to be
noticed In the remarks of the different gentle
men, who. as they were passing, stopped for
amoment to glance at the exhibit, q very
general expression Of surprise at the small ag-
gregate OF the crop as compared with that of
-1s7U-1 IN previous years, and the accuracy
of the statement of shipments overland direct
to manufacturers, which was only 122, 065
bales against 22s. S23 bales the preceding year,
was seriously questioned by maay whose
facilities and ability for accurately estimating
the probabilities In the cotton world cannot
Re doubted.
At the Office of Messrs. Porcher g. Henry,
North Atlantic wharf, a record had been kept
of estimates of the aggregate Of the crop made
by q number Of gentlemen, who are either d.
rectly or Indirectly engaged In the cotton
business. There had been sixty.one such es-
Inmates recorded during the season, ranging
In amount from 1885, o3 bales to 5000, 600
bales, and the estimate which aIpreximated
the closest to the actual result was ISIS, 600
bales, by Mr.. William Ravenel. After this, In
approximation to the result, came the esti-
mate OF Mr.. q. T.. MCGEE of 2, 976, 900 bales, Mr.
T.. G. Boag, 1881, 1926 balee, and Messrs. Wag-
ner, Hnger d Co., 2.965 900 bales, and from
these figures the estimates diverged until the
one most remote from the fact showed q dis
crepancy Of 225, $40 bales. Aslmilar record
Of estimates has been kept at the office of
Messrs. Porcher & Henry for the past five
years, and the custom is annually increasing
In interest among the cotton men. In 1867, /
there were twenty-five estimates, and the
closest was by Mr.. Thaddeus Street, the crop |
being 1851, 1888 bales. In 1868, out of sixty
one estimates upon q crop of 2,43O,s 9 the
closest was by Mr.. L. D. Desaussure. In 1869,
ffty-eight estimates were made upon a crop
of 2.2se, b57 bales, and Mr.. ]. d. Wilson
proved the shrewdest guesser. In 1870, thera
were again ffty-eight estimates, and a crop of
S,20S, 1928 bales, and Nj. B. Mantoue named the
nearest figure. Last year the crop amounted
to 1852, BIT bales, and, out of one hundred
and twenty-sIx competitors, Messrs. DeSaus-
sure and Porcher came the closest to the mark.
The following comparative exhibit shows
the difference In the cotton movement OF The
year Just closed and that OF the year which
ended August 81, 1871:
COMPARATIVE EXHIBIT. ls7O-'l. lS7l-'72.
Total receipts at the ship.
ing ports. ..4,032,1M 2~,732,2s6
Shipments overland to-
manufacturers. ........ 22s,s23 122,065
Manufactur ed In the
south.....:........... sl,24O 100000 |
--- ---
Grand total of the crop.4 1862, BIT 2,s74,351