Savannah morning news. [volume] (Savannah) 1868-1887, 1884-09-01


PROSPECTS FOR THE PRESENT SEASON.
Any statements about the present season
must be largely speculative. Many cOntin-
gencies may arise to defeat the best guesses.
For instance, from the present outlook the
indications are that the British cotton trade
will be a heavy sufferer, as well as the French,
ON account of the Franco Chinese war, and
as China is England's greatest customer,
should the war continue long England would
not need SO much cotton The coming crop,
from the present outlook, win be quite a large
one, the estimates placing it at six and
quarter to six and a half million bales. The
reports Of the crop from all through the cot
ton belt are good, with the exception
Of that section in Georgia contigu-
GUS to Sandersville. There is ample
time, however, for further damage
to the crop in other sections, as the crop is
fully three weeks late, and portions Of it may
come in for the usual equinoctial gales which
prevail about this period Of the year. The
stock at Liverpool is quite large, but is not
very large on the Continent. With respect to
prices nothing can be said that would be at
all reliable. The impression seems to be gen.
eral that prices viii be very much lower. 1t
is thought, however, that better times may be
looked for IN this country, as the mills are ap-
parently in better condition than they have
Ueen for a long time. The large accumula-
tions Of the previous season are pretty well
worked of, and they begin this season with
very small stocks. The stocks at the ports
and interior towns are also small Should
there be any revival of some of the anguish
ing industries, and the belief is general that
there will be, the revival will no doubt be of
benefit to the cotton trade,
SEA ISLAND.
In September the receipts of this class Of
cotton were light, and there was very little
doing. Prices were rather irregular. Early
in October buyers for domestic account were
quite active, not so much in this market as in
the small Florida towns, the prices ruling
in the latter places considerably high
er than IN this market. At length
BUYERS for foreign account became
more active under advices from abroad, it be-
coming more evident as the season progressed
that the yield would be very much smaller
than the yield of the previous season. and,
consequently, higher prices would be the rule,
There became, for time, free bidders, and
all the arrivals were quickly taken at
factors figures. The latter showed more
disposition to hold stocks, and the
values asked by holders going be-
yOnd their limits the foreign buyers were
compelled to hold of. They again came into
the market at the butt end of the season,
when the receipts fell Off, and gradually they
absorbed all the offerings. well the arri-
walls, at a very high range Of prices. The
total crop was very small both for islands and
Georgias, the yield of the former being lighter
than usual; but Notwithstanding this
fact the very high figures at
which the crop was sold
more than equaliz ed any loss on account of
the shortage Of the crop. Another fact to be
/ taken into consideration was the excellent
l preparation of the cotton which came into
market. In fact, the common grades became
scarce very early in the season. All things
/ considered, the whole seasons business was
/ entirely satisfactory to both producer and
/ factor. and both made money, but not as
I much as in former seasons.
! SeDtsaber-Thcre was nothing much doing
until about the latter part of the month.
when the inquiry was good for domestic ac-
/ count. but the receipts were light and Offer
4 ings small. The sales were ll9 bags, q few
I bags being taAen for foreign account at
4 irregular prices. The following were the
ruling quotations for the month;