The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-21
THE RUSH KEEPS UP
BUTTE RECEIPTS DON'T INDICATE
A BIG CROP.


Rate 1t is Coming Estimates of
the Crop Put It About 100000 to
100000 Bales.
The heavy cotton receipts do not indicate
a heavy crop i'll the opinion Of the cotton
men of Savannah. A MORNING News man
interviewed several leading cotton factors
yesterday as to whether in their opinion the
heavy receipts of the last several days indi-
cate heavy crop, and what will be the size
Of the crop from the information now at
hand.
j. p. Williams said in response to the in
curry: sit will certainly be a short crop.
The present heavy receipts are the best in-
dication of that fact, in my opinion. The
| crop has matured very rapidly, and is being
harvested as fast sc it opens The experience
OF the farmers last year in holding their
cotton was so unexpected and their necessl-
ties this year are so great that they are
selling their cotton as fast as possible. /
do not think the crop will be over z, 100, 900
bales. It is universally admitted that
there is no top crop, which will greatly
reduce the yield The crop is three weeks
late as com pared with last year and with the
low Temperature and frosts now generally
reported the crop throughout all the north
ern portion of the cotton belt is sure to be
greatly cut off.
REACTION COMING.
"Do you think there will be a reaction
when the bulk of the crop is marketed!" he
was asked.
81 believe there will be a reaction Of .
cents pound by January"
P. f. Gleason of John Flannery & Co.
said: "rhe heavy receipts are no indication
of a heavy crop. The beautiful weather
| and the cool nights have caused
| the cotton to mature very rapidly.
We have received reports from several
sections that picking is already over. Pick>
ing will probably be over altogether by the
end of the month"
| ID. l. MacIntyre Of NJ. Y. & D. l. Mac
| lntyre said: 1.-THE farmers are rushing the
| crop TO market as fast as possible. 1t is
simply question of the ca
pacity of the railroads to bring
it in. Our heavy receipts
would be twice as heavy if the railroads
were only able to bring the cotton in. All
our reports indicate short cotton crop.
From present appearances the season will
be over by Christmas There is certain TO
be heavy reaction as soon as the bulk of
the-crop is marketed. 1t is very foolish on
the part of the farmers rushing their
cotton to market when they should hol.
Last year they held when they should have
sold, and this year they are selling when
they should hold. The farmer who has
met his obligations would do well to hold
back the remainder Of his crop for q month
or more"
RECEIPTS DON'T SHOW THE CROP.
II. NJ. Conner said: al don't think the
crop will be heavy one. | think the gem
eral es innate OF 7,5J0, 900 bales is about cor
a ho,- I,r r..
without heavy receipts, but heavy receipts
just now do not necessarily indicate a
large crop. The farmers were burned so
badly by holding last year that they
will not listen to a word about holding
this year. 1t would be advisable for farm
ers who have paid their debts to hold back
the rest OF their crop for q month or two. 1t
would help the market and enable them to
get better price. When cotton is poured
| bales day 1t is impossible TO
hold it, and all we can do is to simply
pass il on. The cotton will have to be held
IN the country If heid at ALL"
| The expression generally among cotton
men was that the unprecedented receipts
we're caused by the unprecedentedly favora-
Bile weather for maturing the cotton
and for picking, ginning, marketing
and all the operations connected
with the cotton crop. together
with the unwilllngness OF the farmers to
hold their cotton on account of their costly
experience last year. All reports unite in
saying there will be no top crop to amount
to anything and that the cotton is being
rapidly picked from the fields. Add to this
that all indications point to an early fall,
and it is hard to see how heavy crop can
be possible.
The New York Commercial Bulletin
| says: 1.-THE following upon the probable
effect of the shortagein the Burmah rice crop
has been Prepared from latest mail adyices
at hand, and contains extracts from the off,
cial report of the financial commissioner, in
which be represents the situation as more
serious than at any previous period this
| season. Upper Burmah is almost COM
pletely depleted of food stocks, and the ques-
ton is whether supplies from Lower Bur
nah can be depended on for the next three
months, by which time the crops in Upper
| Burmah; such as they are, will have been
harvested and the new paddy from Lower
Burmah will have come in. The financial
commissioner gives it as his opinion that
the supplies from Lower Burmah will not
suffice. The total stocks Of rice In Rangoon
are estimated at 10000 tons, Of which
$4,000 tons are believed to be en-
gagged for Europe. The CITY of Rangoon
requires for its food supply 1850 tons a
| mouth. Other districts in Lower Burs
nah will ne ID to be supplied from Rangoon.
| while for the next three months Upper Bur-
nah will require 200 tons monthly. The
commissioner predicts that in October and
November the price Of rice, which is already
very high, will rise rapidly and considera-
bly,, and recommends dealers in Upper
Burmah to secure without delay part
Of the stocks held in Rangoon. In
the concluding paragraph OF his min
ute, the commissioner says: Il believe that
at least 100000 out of 100000
people in Upper Burmah have means of
buying as much grain as they require, but,
as far as I can see, the grain is not likely to
be forthcoming. This apparently means
that in Upper Burmah there are 100000
people without means TO purchase food, and
that even if they had means no food will be
available for them. Ii this opinion be corr
rect, the quantity of food required for Upper
Burmah has certainly been greatly undsr-
estimated"
EXPECTORATION COMES :aI9H.