The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-05


The stock at Liverpool viii Be considerably
larger at the close Of this month. but
VIII Be below that of last
season at that period OF the season From this
IL is argued that prices will be pretty fair
throughout the season At all events. il is
thought that there will be a good demand and
steady consumption of cotton, as there has been
an Increase Of spindles both in the United King
dom and on the continent. In Germany there
has been an increase Of some 5135 500 spiadles. or
about 10 per cent, and in England 91s0O0
spindles, or about2 per cent. China has also
added several mills TO her capacity, and, in view
OF this, it is believed that seven and half mil
lions OF bales will be none too much to meet
the demand, even though the two previous crops
were very large ones
SEA ISLANDS.
The past seasons crop Of sea island cotton
was the largest ever produced. II was well pre-
pared and the staple was excellent. 1t was the
most valuable crop to the planters that
they ever raised. Savannah's re-
ceipts OF this class of cotton were very
large. They reached over fve-eighths
OF the entire production Probably in no year
In the history Of the fine cotton trade was there
such demand and consumption of long staple
cotton, and particularly by foreign spinners,
who came into the market early and absorbed
receipts almost as rapidly as tney were offered
for sale. The crop in its entirety was
Of such excellent quality that there was no
possibility OF very low grades. The weather
during picking season was superb, and there
were therefore no storms or stained cottons. The
open fall promoted rapid picking and ginning.
After the foreign buyers had gotten fair idea
OF the character and quality Of the crop tAey
NM tk- ,.~l,.,r fha
which resulted in the heaviest foreign
export movement ever recorded in the sea
island cotton trade A notable feature OF the
last years business in Florida and Southern
Georgia was that there was less buying for
northern account than In former years. AL
though the northern buyers kept pretty stead
lily in this market the heavy competition for for
eign account and the fairly high prices prevented
the northern mills from taking their full COM
plement Of stock. In prices it was very fair
season. the crop being marketed at about the
average price Of 23c. This was far above tire
price OF the previous season, and higher, COM
paratively, than in several years. The planters
are apparently well satisfied with the
results of the seasons work. They
sold very large crop at a reasonably fair
price, while the cost OF its produc-
ton was proportionately less than in other sea
sons, owing to the exceptionally good weather
and open winter. They had every reason to be
satisfied with the result of their seasons work.
The interior merchants also did well, being
aided very much by the excellent quality of the
cotton. Factors had no cause to complain, as
they all did we'll. At no time during the season
we're they embarrassed by heavy stocks, as they
kept pretty well cleaned up. owing
to the very good demand and
steady prices. They encountered no difficulty
in making collections and no losses were re-
ported The planters have continued to pay
great attention to the use of commercial fer
tilizers. particularly to l1ainit, and more Of it
was used last year than ever before, and with
very satisfactory results the production being
more prolific and very fine, both in texture and
color. The planting of sea island cotton is
being extended every year in the
near by counties. The amount raised in the
counties adjacent to Savannah has almost
doubled in quantity in the last five years. This
has been brought about by the planters paying
so much attention to the seed which they have
selected carefully and with almost uniformly
good results. They are TO be congratulated for
the very successful closing of a season so salts
factory in all respects
SEPTEMBER.-There was the usual anxiety
manifested by buyers during this month to OBJ
tain types of the new crop for manufacturers,
and, of course, the usual fancy prices on first
sales were paid, so that there was no positive
quoting, as the previous types had been dis
carded. The offerings during the month were
light, owing to slow receipts, but the ruling
price for the month medium fine was 24c.
The receipts for the month we're GIL bags and
the sales were $50 bags
OcToBER-By the opening Of this month
manufacturers had obtained pretty good idea
of the quality of the crop The demand
opened up mostly for the best qualities, while
the others we're neglected, the market remain
ing comparatively steady for the first half, but
became easier and duller. with the inquiry
light. The opening price for the month for
medium fine was 2it2 415c, but it gradually fell
off, until toward the close buyers were offer
ing less than the asking prices, and the stock
accommodating slightly, holders were COM
PEELED to make concessions, the month closing
quite dull aud easy at 23c. The total receipts
were 5, POS bags and the sales were 3, 12l bags
NovEMBER--The total receipts for this month
were 7,42T bags and the sales were :, ASS Bags.
The feeling continued dull and buyers were
still bidding lower than the current asking
prices. Holders were again compelled to make
concessions, aud the price of medium fine opened
month the market was irregular and quotations
were hardly sustained. The demand, however,
increasing, the offerings were pretty well
cleaned up, and toward the close it was very
firm, the sales being larger than factors re-
ceipts, and sellers were asking &c higher the
month closing quiet, with light demand at
231Sc for medium fac.
DEcEMBER-The month again opened up dull.
with buyers bidding the inside quotations and
holders asking the full out side figures, medium
fine being held at 231ec. Large receipts, how
ever. and accommodating stocks caused the mar
ket to become easier and declining, with factors
selling at inside prices on the basis of 23c for
medium fine, the month closing quiet and easy
for fine aud the commoner sorts, while the bull !,
of the stock consisted of the choice qualities
The receipts for the month were 8, 374 bags
and the sales for the same time were 7.270
bags.
JANUARY-Opened quiet and easy at 2ss1 a
23c for medium fine, but good inquiry set in
and this market displayed hardening tendency
The receipts were heavy. the open fall having
assisted in the rapid gathering AMI the market
ing of the or p. steady TO good demand
continuing, stocks were firmly held AMI full
prices were paid for select grades and at the
close the market held higher than 234023lkc
for medium fine. The total recei2ts for the
month we're 5,3i1 bags and the sales were 1884