Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1872-09-06
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THE CROPS-Since oar last monthly re-
mort. which was so favorable, there thas been a
considerable change in the prospect Tor q full
crop of cotton. The rust has done damage i'll
some sections of the two States which we re-
port and in others it has been 50 dry that the
growth has been stopped before the plant was
full boiled Planters remark that the influence
OF some OF the fertilizers used has ceased, and
premature opening has taken place i'll conse-
quemce. With all draWbacks repQrted SO tar
we are of the opinion that North and South
Carolina will make considerably more cotton
than Iast year oar summary OF the estimates
giving about twelve per coat.
Corn has done we'll, and the tojdeT harvest
viii be above an average.
Our advices from New Orleans give us hope
that the crop OF cotton in the Southern States
will be larger tAaa last year, though the dIsas
ter to Alabama cannot yet be fully ascertained.
We know enough, however, to set it down as
very serious, amounting to almost half OF the
crop IN Mississippi they have the army worm
in about twenty counties, but i'll the rest OF the
State the crop is very fine. In Arkansas the
crop i'll not quite average. In Texas II Is bet
ter than last year, and 30 also in the other
States. except in some small sections. A Ito
gether we have now prospect tor about $780,
o. to 3, 800 900 bales, which will not be more
Europe has run the stock hand down very
low. We await with cons derable interest the
reports from Manchester and Liverpool for the
list of September, which will show how little
American cotton is left on hand at the close of
the cotton year. Branches con gun4es over
10000 bales per week, and does not expect to
receive the tde-waye of the crop before list Of
November. IL never reaches there before that
date IT she is left with but 10000 bales on
LIST INSTANT the supply for the next nine weeks
will leave very little there LIST November, and
prices must rule iirn, probably above 1Od., the
present price. II is a good plan not to force the
crop on the market, and we hope our planters
will not be too anxious to realize.
COITOE-Witl; this week we had the OF en-
ing of the new cotton year. Our market, which
for so many months past has show n such a dull
ness OF business transactions in this, the "King"
OF commerce, has opened the year with quite
active feeling, though with prices som what
d 9preseed. Sellers who have been holiin-, back
their stock awaiting high prices at the interval
Of the two seasons are now showing their offer
ings forward, hence the depression. The re
Cepts are improving from day to day and a
goodly number of bales of the new crap are be
Ing received. The exports, however, are com
parative!y large and the stock in market is
kept small. The exports from this port, both
ooastwise and foreign, for the month of August,
1872 were no bales against 42I bales for, last
year and 42+ bales1 or August, 1870, showing a
decrease on 1871 OF 254 bales.
The general cotton movement for the week
az com pared with last week shows increase
in receipts and decrease in exports.
Last week closed the cotton year of 1971--72,
| and the statistics of crop receipts and export
! show some marked changes from those of the