Savannah morning news. [volume] (Savannah) 1868-1887, 1882-07-24
THE PERRoY STAPLE.
EngIIsh News OF the American COt.
ton crop.

The foreign cables and American tele-
grams Of the daily press Of the United
States are now so complete with regard to
all matters pertaining to financial aud com
mercial affairs, as well as news, that when
those great English cotton circulars-such
as 'Ellison's"and "smith, Edwards & Co. IS"
reach u, what they have to say. or SINH
lar information, has already been flashed
before US by the lightning of the daily press.
So much for living in this telephone electric
age. But, nevertheless, now and then the
special views Of these great authorities are
worth while noting or repeating, even II
what they say is a little stale For instance,
Smith, Edwards g. Co., in their last cotton
circular, Of June 30, after considerable re
marks about the Egyptian situation, which
is now quite old, say: "After an, tne IusII ne
OF our market viii be mainly determined py
the utturn OF the American crop ana Ihe
general condition OF trade.
Fnrfber on they remark: eve are glad TO
state that the accounts Of the American
croD are now very favorable. IL naa very
late start, and may be considerably iaIer =
maturing than of recent years, but we do
rot think this much affects the final yield.
mo decrease of acreage is but small-Vari-
ousIv nut at u to 3 per cent.-and we see
no reason to doubt that If the season is
favorable we shall have {, 1000 900 to g SOC 600,
which will be an ample supply for the world
We have gone through the season with a
crop Of ), 400 600 bales, and apparently will
not seriously reduce stocks in the world, so
that a good crop next season will place US
again within the region of plenty. A GER
tain degree of strength is impaired to the
market at present on both sides of the At
lantic by fear of feOTners," and autumn de
livery here is nearly at "a. We see little
chance of "eOrner' here, and we think
the trade have bought so largely under dread
OF one that when the time comes we shall
likely have duh market.
They also state; We have now reached
the period of tae year when our harvest
prospects are closely scrutinized. The
greater part of June was so wet and cold
that some uneasiness was beginning to be
felt, but the return of bright, warm weather
fs restoring confidence. Our own con VictiOn
Is tina, we shall have a bountiful harvest II
fine weather continues during July and Au-
gust. The country is full of vegetation and
ONLY needs heat aud dry weather TO ripen It.
Should we be favored with such weather,
we think the general trade of the country
will revive and prosperous time be wit
messed.
Smith, Edwards & Co, also says: "The
great Eastern markets show no sign of i'm
provement-iti is true that shipments have
been moderate this year, but the great glut
OF the last two years is long CT working off ;
the monsoon has broken sooner than usual
and the rainfall has been very heavy, but It
is toe early yet to form any opinion of its
effect on the crops. We see little prospect
Of any substantial improvement in the
| Indian demand at present, but if the world
remains at peace the subordinary markets
are likely to be good and the home trade is
[ likely to improve. Altogether the'prospects
Of Manchester are not very brilliant unless
we have large cotton crop and cheap raw
material next season with cotton at %. to
6I<t. Manchester can do well enough, but
! AZ -65Si. to I'd It is ? poor dragging trade
| Ne1g Orleans Times Bsnoerot.