The patron of husbandry. (Columbus, Miss.) 1875-1883, 1879-05-31
THE COTTON SITUATION,

The extraordinary advance in the price
of cotton since March I, amounting to II
pence at Liverpool and : 1916 cents in
the New York market, is now a subject
of general interest. The advance, based
| upon very considerable deficiency in the
visible supply, has been intensified by
speculation, as also by the anxiety, not to
say scare, of spinners, both domestic and
foreign, whose stocks in the start did not
average above fortnight's consumption.
The visible supply for the whole world,
that is to say, stocks at all European,
American and East Indian ports, and the
amount ION the way to Europe from all
countries, according to authentic data on
May 10, was down to 1864, Se4 bales,
against a,3S5,959 bales same time in 1873
and 2,S95 500 bales in 1877. Of this sup
ply total, European stocks are placed al
S93,25o bales against I,3IS,75o for las
year.
Of cotton afioat for Europe, the Amer.
can stock is $4,000 bales against 49,, 900
bales, and the India stock $4,000 bales
against 1So,oo bales last year The ex.
tent of the United States crop for 1875
70 can now be estimated quite closely
The total receipts at all United States
ports since the first of September, have
been 4,355,935 bales against 4I5S,I52
bales for the corresponding period in the
crop year IS77-7S, showing an increase
since Sept. I, 1873, of 1878 bales. Es-
timating the same ratio of increase from
now to the end of August, and we reach
total crop of $4,000 bales, an excess
of nearly 400, 1000 bales over the crop Of
IS77-7S.
In regard to the coming crop in the
Southern States, there has been conside.
rable increase in acreage, estimated OF
good authority to be about 20 per cent ia
Texas, about 5 per cent in other Cub
States, Arkansas and Tennessee, and but
trifling in the Atlantic States. Various
estimates are made upon the coming crop
those by we'll informed and conservative
judges being 100000 bales. Up to this
time the conditions for the growing crop
have been less favorable than for the same
time last year, the crops being from one
to three weeks late, and in some sections
complaints are heard that rain is needed
badly, in others that there has been too
much, and the temperature too low; but
in general the condition is improving and
at the present fairly favorable for the de.
velopment of cotton.
The subject of labor in working th.
crop has been receiving attention in view
of the negro exodus, but of late appears 10
be quieting down. The large increas
from year to year in the cotto1
crop having been so completely absorbed
and leaving a clear market for the sue
ceeding crop, is attributed to decreases
supplies from other sources, and it ma
be safely concluded that this country hai
nothing to fear from the competition
other cotton producing countries. Spec.
ulation would indicate that operators ar
expecting large crop from the fact thai
futures for November and December arr
about one cent pound less than spots
and it is reported that many planters have
sold to foreign buyers at the ruling price;
tor late fall delivery as much as they are
sure of having ready for delivery at the
time of their next CROP Cincinnati En-
Quirer.