The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-23
ESTIMATES OF tbs CROP.
Other Views on the Effect of the B
Rush Into the Markets.

Hubbatd, Prics s. CO. have the following
interesting article on cotton in their weekly
report: 1.-THE receipts OF cotton from the
plantations last week, together with the
tRkings for southern consumption, reached
the enormous total Of 500, 600 bales, and the
movement thus far this week promises to
equal, if not exceed. these figures. So over
whelming are these receipts, calling as they
do. for nearly $4,000, 900. that the trade
views the situation with a feeling akin to
Generalization, asking, in astonishment,
what can be the significance Of such a
movement OF crop that is generally be-
ieved to be 1000 900 bales less than
the crop of 1S90-'9l. To secure the
necessary money to pay for such
phenomenal receipts. holders have been
compelled to force their cotton upon the
markets, aud prices have given way nearly
q cent pound, with no immediate signs of
recovery unless the movement slackens. By
rushing their cotton TO market in this man-
ner planters have not only succeeded in
breaking down values, but have created an
impression among buyers that the reports
OF decreased Weld have been grossly exag-
gerated, and that the final outcome of the
crop will exceed current estimates. Spin
ners AK plainly, If the reports we're true,
why should the planters be so anxious
to dispose Of their cotton ?
p" O0tA ku6Y uOb GOiu az l6dSt u
portion of the crop TO secure the higher
prices which will probably result from
decreased yield! And receiving no salts
factory reply to these questions, act upon
the situation as though the only answer
could be, the crop IS turning out better
than anticipated. Such, however, is not
the cese, for with the exception of slight
Improvement before noted in Texas, TIE
reports coming g. hand continue to reiter-
a Tho @ az of oNrnaSad xfa1 Ia
the recent cool weather, causing frost more
or less killing throughout the cotton belt,
must have the effect of further curtailing
the yield. The hot forcing weather OF Sep
TENDER, according to all the accounts
| received from the south. caused all the bolls
to open at once, and with unusually clear
weather the crop has been gathered, ginned
and rushed to the nearest town for sale.
Last season, with the largest crop ever
raised, planters held back cotton. This
year, with only a. average crop unless all
reports are true, they seem disposed to sell
all their crop in sixty or ninety days.
The immediate effect has been to
force the values of the higher
grades baow those current Of the lowest
point of last season. Whether the remain
der of the crop will be marketed above or
below the lowest touched since 1913 is a
question for the future; but the TRACE now
believe no substantial advance will occur
until the marker; are relieved from the
present severe pressure of cotton. The de-
crease in the India crop said to be nearly 20
per cent?, the damage to the Egyptian crop
or 10 TO 10 per cent. the improvement in Man
chester and the effect of the recent frosts,
are all lost sight OF and forgotten under the
pressure of cotton forced for sale in a man
ner unprecedented in the history of the
trade. The preliminary average of some
I, $50 crop guesses received by US in response
to our crop circular Is I, 544, 22l bales. This
Is subject to correction, as the clerical work
in connection with it is enormous"
Savannah's heavy receipts from South
east Alabama may not continue much
longer. The Montgomery AdUertiSer of
Oct. 81 had the following to say upon this
subject: Farmers from different sections
of the state say they have picked their
fields more or less bare The excellent
weather has been in their favor, and they
have ore and all taken advantage of it by
getting out their cotton. One said he
had been pretty well over the southern
section of the state. and he asserted
that majority Of the cotton fields he
saw had been picked clean, and in some
cases stock was turned 10 to roam over the
bare folds. IL is quite noticeable that every
farmer in this section has gone on the prin>
ciple OF making cotton while the sun
shines, and have got out their staple 80
fast as to be unEarned by continued rains,
| too, is OF the best kind comparatively. So
the indication is that the gathering of the
cotton crop is about over. Last year the
| planters we're as long az Christmas in gath
ering and marketing their cotton; this sea-
son it will be- in by Nov. Is, unless an
unexpected disposition arises among
some of the planters TO hold back their cot
ton for higher prices. The rapid influx of
| cotton since the first of the season has
caused many to predict bigger crop than
that OF last year, but the present indications
are that these sanguine prophets or sons of
the same will be sadly mistaken. Not few
are of the opinion that the bulk of the cot
ton crop is about marketed. and the receipts
from now on will run shorter and compare
lively smaller than those of the correspond
ing periods Of last year"
The latest mail accounts give the follow
ing upon the Liverpool market according
to the New York Commercial Bulletin:
1.-THE opinion of the Post is as follows: The
size Of the crop depends upon the date of
frest. Last season the yield was vastly in
creased by the product of a considerable
area OF land planted late, which the entire
absence of killing frost allowed Co mature
in the late autumn and early winter months,
otherwise the yield would not have reached
| 100000. This eason there was no late
| planting (the price being only 415d. against
| gid last year and the plant itself Is an in
ferior one. Nevertheless, people are afraid
| of entertaining smaller estimates than
| 1880, 900 to Z, 800, 600. The caution is quite
| justified. Moreover, if an advance in price
Is TO take place 1t would be more advan-
tegeous to consumers if it came after Christ
mas than before that festival. But 10 the
meantime the crop prospects are so equivo-
cal that wise spinners will not sell yarn
short on the basis of price which has not
been quoted at the opening Of any season
since lS5l--forty years ago. There may
| not be very much in the frost reports, but
where there is so much smoke there must
| be some fire."
There is a cotton factor in Augusta who
predicts that the present crop will not
reach 100000 bales. When laughed at
over this estimate he stood by his position,
and reminded his listeners that he was
wearing mighty good suit of clothes as
the result of little estimate which be made
nearly year ago, that the crop would go
over 5000, 600 and which was taen laughed
at just as much as the present prediction.
Stand Your Ground.
When you make up your mind to take
Hoods Sarsaperilla, DO not be induced to
buy some other preparation instead.
Clerks may claim that tours is as good as