The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-06-25
Deserving the Sinking Ship.
THE COTTON OUTLOOK.
Condition and Tone of the New York
Market.

Condition and Tone of the New York
Market.
The Financial Chronicle makes the following
| report under date of June 2lst:
The market has been without any notewor-
thy feature during the pastweek. Prices have
remained stationary under moderate export
and spinning demand. Stocks are now re.
duced to small limits, and yet holders appear
willing to let 1t out to supply the current de-
mand at present high prices, as crop accounts
continue favorable and Liverpool and Man.
chester reports have been less satisfactory.
For forward delivery the fnctuations have
been frequent though slight WIFI tne f specn- ecu
lative tone feVerlsh. The posslolllLy vi COT
ner ia always hanging over the market max.
inr It very sensitive, and hence every s!ight
influence makes Its mark IN Cne quotatlonS.
The prices for futures last reported were (naeis
low mlddling) 245c. ios June, este. for July,
23lc. for August, 23sc. for September, 202c. for
October, 1890. for November, l9{c. for Decem-
ber. The total sales of this description for the
week are 90, $50 bales. For Immediate deliVe-
ry the total sales foot mp this week 1851 bales,
Including 1886 for export, 5072 for consnmp-
tion. l3 for speculation, and none In transit.
Reports from Southwest Georgia and
Florida.
A correspondent who has recently travelled
through Southwest Georgia and Florida
writes s as follows In reference to crops IN that
section: II ind In the western part OF Deca-
tur County very poor corn crops Indeed. The
cotton crops are very good, particularly Wnere
county, Jackson County, Fla.,) the cotton is
very small as a general thing, and the corn
crops very inferior. There cannot possibly be
more than halt crops Of corn made In Jackson
and Decatur Counties. The caterpillar has
made Its appearance In many OF the crops
already, and snould they begin to destroy the
crops now, but little cotton VII! De maze.
This part of the country has suffered much for
rain, but while am writing we are having
uuite shower and some little hail.
"ThaL portion OF the cotton that was up BE-
fore the first drought set In Is 10 q most prom
islug condition, but that that did not come up
I'LL the rains late In May Ia already regarded
failure. This amounts to about TWENTY-FIVE
per cent of the crop, and the falling of In
the seasons from this time forth shall be pro-
piIious."
A correspondent writing from Stockton
saws: "The farmers of this vicinity have been
rather discouraged for some weeks past on
account of the drought. It is the general
opinion that corn is cut of one-fourth, while
cotton Is looking very well, and the recent
rains, with fair prospects for more, VIII make
a good yield OF cotton IN this section"
Reports ErOh
From the Bastrop Conservative, OF the l4lh:
"The crops are now In O very backward con.
dillon, the corn crop especially. owing 10
the late frequent rains 1t has been almost I'M
possible for the planters 10 keep their fields
clear OF the grass. The cotton Is reported to
be doing very we'll aud fair average crop
may be expected, but the yield OF corn we be-
leve will be smaller than last year. There mas
not been enough planted"
From the Monroe Telegraph, OF the I'm IN
stant: In some portions Of this parish the
crops are far better than they were at this
lime last year; but In others the difference Is
not near 80 favorable. Tie average snperlorl-
ty oil this Years cotton crop over that of last
wear, ut this time, we would set down III tnis
parish at fifty per cenI." o.,.
From the Shreveport Times, OF Inc l3Cn:
sSinco the disastrous rains OF q week or Two
ago the weather has been extremely favorable
to the planting interest. Occasionally SHOW
ers have prevented the earth from baking
aud refreshed the growing plants. We have
the gratifying Intelligence that the crops
throughout Eastern Texas and this portion ol
Louisiana have recuperated wonderfully, anu
promise an abundant yield. or course the
whole damage cannot be repaired, and there
were instances In which the entire crops were
very nearly annihilated. Yet the prospect Is
far, very far, better than any dared to hope it
would bs Immediately after the storms and
hnnda -