Savannah morning news. [volume] (Savannah) 1868-1887, 1881-11-01

This gives, according to agricultural re-
port OF per cent. for each State, a total OF
bales
1881. a, 22s, 1863
Add for increase in acreage per cent 2S5,6OS
Crop raised in 1881 4,524,571
Add the difference between the pro-
duction of 1889 and the receipts of
1880. part of which was of crop on
hand, about. ACKNOWLEDGEMENTS. 5OO,OOO
This gives us as receipts to be expect
ed In 1881, if ali comes out. 4,571
But let us assume that the department
may be wrong. and has undereSti-
mated it say 10 per cent. then we
could only expect a crop off,. 8. .SO7, ,O2s
stock Of 1879 ........,............... 100000
Giving a total of of....................5,7 s, ,707, ,O28
And If this amount of 5, ,707, OPS bales, which
includes the estimate of the Agricultural
Department, and 10 per cent. more added to
it, also includes 400, 600 bales excess Of stock
over 1879, and per cent. increase acreage
is all the cotton we are to have it will prove
short Of the wants of the world, as expert
ence has demonstrated that the increased
consumption of cotton for several years
has been at least per cent, II not more;
50 the demand will exceed the supply, and
cotton is now selling in Liverpool for "a.
less than same time last season, and this
In the face of a short supply. We have
passed through the most trying
drought ever known in this country,
one that covered nearly every State
in the Union. beginning about the 1st
of July and lasting to about the 10th to 18Th
Of September; and the heat during the
drought was whitening In It's effect on all
yegetation-corn, cotton and vegetables Of
every description. The cotton grown on
the uplands became very e+dnted in growth,
yielding but few bais OF cotton, and the
plant losing its vitality before the rains ap-
peared, and the cotton on the low or bot
tom lauds had but little life left, and
showed some signs OF making a top
crop. But the worms and the short
time left it to mature will not furnish
us much cotton from this source.
The picking commenced about two
weeks earlier than former years,
ard the weather has been unusually favor
nble for picking the crop, and it has been
marketed very early; hence the receipts
are showing larger, in proportion to the
crop, than usual. Yet they are consider
ably below the receipts of last season.
They now show falling OFF of about 49,
600 bales, and we think before the first of
November will show $50 900 short, and will
lose considerable during November and
December, probably showing 500 900 short
by the first of January, and after that lose
much more rapidly, as 1t will be nearly all
done by the first of November.
The only reason cotton does not advance
more rapidly is that strong parties, who
thought in June and July that the crop
promised about 1000, 900 bales, sold it freely
for delivery in October, November, Deem
Der aud January at very low prices, aud
they have been pressing the market with
the view to put prices down, so they could
cover short contracts, ard have done so
with wonderful success, having forced it
down from the highest point about 95
points, and as Liverpool has been relatively
lower on cotton than New York, it gave the
bears fine opportunity to sell here and buy
in Liverpool.
Liverpool squealed so much on our Ameri-
can squeeze, and recommended legislation
against II, we would suggest that the best
remedy for our "English cousins" is for
them not to sell what they have on hand.
This habit of selling the produce of our
country before the seeds are planted will
teach lesson pot soon to be forgotten by
both cotton spectators aud tobacco ring
contractors. The Lord of the seasons comes
in occasionally to teach them lessor.
Our bear operators talk confidently OF a
6 100000 bale crop. pO they forget hat we
never made but one crop of that size since
we were a nation. All private letters from
the South confirm the report of the Agri=
cultural Department with remarkable exact
ness, aud we say that II human testimony
is at all TO be relied on the crop cannot ex-
ceed 500, 900 bales; and If so, we must see
very much higher prices for cotton, Gs it is
cheap II we had full crop, and IL we have |
not a 5000, 600 crop we shall zee higher |
prices than for many years. We will be-
come very familiar with such prices |
as is, 10 and II cents per pound. Equally |
as much so as 81 so for wheat, or perhaps |
81 % before another crop is raised, and |
75c., SOC. and 90c. perhaps fer corn. The |
shortage Of grain crops is entirely lost sight |
OF on account Of visible supply being |
larger than last season. 1t is mostly fur
nished from stock OF old corn and wheat |
brought out by low rates Of freight and |
high prices. But when the old corn gives |
out, you will see but little of the new corn |
seeking the grain centres. The corn that |
usually comes to New York will go to fur |
nish the South, and what little fiuds its |
way to st. Louis will go out South and |
abroad by bsrges down the Miss slssippi; |
snd much of that which usually goes to |
Chicago is being bought up and fed to cat
tie and hogs, as the prices OF both are |
high. Comparative receipts Of wheat at |
the Western markets show wonderful short |
age. The milling demand West is absorb |
ing the crop. AS prices are relatively higher |
than seahoerd, very little more may be eX= !
pected. Much of the spring crop of wheat |
is damaged by sprouting, and not one third |
OF It will grade No. 2, and but little Of the |
corn Will reach the speculative grade No. 2,
Il being light and chatfy, so We give you the |
facts as they appear 10 us. You can deal |
with them as your judgment dictates. But |
remember every body uses corn, wheat and |
cotton, and it is long time before We raise |
another crop aud it may not be large one.