The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-29
BAY STREET COS ZIP.

A rice grower from the Ron-Pon river,
South Carolina says the yield will not be
near as large as last year. The season is
too wet and COOL Then the harvest was
poor on account Of the bad weather. Last
year one grower made on one plantation
fffty-eight bushels to the acre; this year the
crop will hardly be fifty bushels to the acre.
Then, again. besides having poor yield the
planters are getting low prices. Until there
is some advance they propose to hold the
rice. The same condition exists along the
entire route of the Pon-Pon.
The Mobile Cotton Exchange has taken
action in the matter Of the Liverpool con-
ference of June last, relative to cotton bills
of lading, at which was adopted q regula-
ton requiring that bills Of lading shall not
be signed until the cotton is actually deliv-
cred to the steamers. The Mobile exchange
deems this impracticable for thess reasons:
1t would require an enormous increase in
the capital engaged in the cotton buying
business; the exporter at the port will have
to pay interest and insurance on an unknown
amount for an indefinite time 1t places the
port exporter at at disadvantage as COM
pared with an interior exporter; it would
be ruinous to shipowners and place tramp
steamers at the mercy of the cotton buyers.
A large cargo of East India juts has been
landed at Philadelphia from Calcutta. The
cargo consists of 10, 229 bales Of jute, and
1888 bales of jute reflections, in all valued
at $4,000. The popularity of the cargo is
the superior quality of the staple, some OF
the fiber being by actual measurement
thirty six feet long. Instead of being sent
to the cordage mills to be converted into
hawsers and rope, it will be used for silk
manufacture, having already been pur-
chased by the largest silk manufacturing
concerns in the United States.
The st. Louis Republic last Friday morn
ing printed dispatches from a large number
of correspondents, covering the entire cot
ton belt, giving the condition of the crop as
compared with last week. In almost every
case no change is reported. In the Memphis
district the figures place the crop 30 per
cent. short of the August estimate. In
Alabama there is no change The weather
is favorable and farmers are marketing
cotton as fast as possible. The crop will be
IS 20 20 per cent. short. Pine Bluff, Ark,
| reports favorable weather, bolls opening
picking In progress aud the crop one
third less than last year. Palestine,
Tex, reports the conditions unchanged; boil
worms aad trust doing very little damage;
crop larger than last year by 5000 to 5000
bales. Charleston reports the weather
ldFOThDle anu pue cOuultAOu uuCnd1Reu
VicKsburg, Miss, reports the crop opening
too fast; some damage is feared from ex
pected showers; the yield will fall 90 to 25
per cent. short. Atlanta reports the con-
dition growing worse; the yield will be
about so per cent. on an average. Thers
is falling Off of II per cent IN the middle
counties; a decline of 5 per cent. in North
eastern Georgia, while Western and East
ern Georgia are about the same. Texas re-
ports show no change III majority of the
counties while others show slight gain.
A well-known real estate broker and bus
mess man said yesterday that notwithstand-
ing the depression in real estate good resi-
dence property well-looated was in good de-
mand and at good prices, and be was
quietly selling all the time.