The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-11
THE TALK ON TIE BAY.
Arrival OF the First Tramp Steamship
of the Season.

Arrival OF the First Tramp Steamship
of the Season.
Hubbard, Price s. Co.'S report Of Sept. 8.
received yesterday, contains some chunks
OF wisdom. 1t saws: Cotton for immediate
delivery is still far below the average of
former years, and at price which. were it
not for the depth Of the i'm
be regarded as unusually low.
The week he's been remarkable for the nuns
Der and unanimous pessimism of the crop
accounts. public and private. that have been
received. With hardly dissent the condi-
ton OF the crop is reported as poorer than
on July |. Some decline in the apparent
condition is invariably incidental to the
month of August, but the extremes this
season reported have filled the public mind
with apprehension as to next years
production. Alabama seems TO be the
center of the agricultural depres-
sion, so TO speak, the depreciation
there being variously estimated at from 25
to 40 per cent. In the other states, Texas
alone excepted, the reduction in condition
is said TO be from 10 to % per cent, while
IN Texas further falling of during the
week is reported. There is, however, a
marked disposition to discount the element
OF seIt-interest, which such reports are sup
posed to contain and to regard them as i'll
measure inspired by the very
purpose they have so successfully
effected, namely, that of advancing the
market, If such be the case, and the south
IS really TO produce another crop OF 2, $780,
600 bales or over, it is much to be con-
graduated upon the opportunity offered.
| 10 market Its crop at present prices, and
we note as a significant feature DISPOSE
ton on the part of some Of the larger and
independent planters to accept the guaran-
tee OF about 81 cents on their plantations
which is afforded by sales Of distant futures
in this market"
Greig, Jones & Wood, cotton and naval
stores merchants, received telegraphic ad-
vices yesterday Of the shipment from Den-
marx of the first cotton over the South
bouad. tits expected to arrive to-day. Woods
Garnest & Co. reported the arrival last
| night of one bale consigned to them, but
the shipping point was unknown The Dem
mark consignment to Greig, Jones 81 Wood,
| however, will be the first Of any considerable
| amount. There is a good deal OF cotton
| along the South Bound awaiting shipment
TO Savannah, and it is expected it will
| begin coming with rush in a few days.
The consignment to Greig, Jones g. Wood
| will be the first of Is, 900 or 100 900 bales
which the road is expected to add to Sa-
| vannah's receipts this season.
Tho report OF the agricultural depart
mont issued yesterday had bad effect on
the cotton mar6et. The report showed the
| condition OF the cotton to be much better
than 1t had been generally estimated to be
| and consequently there was an immediate
! drop in the market.
| New York went off 81 points yesterday.
1t had been estimated that the condition Of
the crop would be considerably below
it it, to 0D' b. ''' sa7 report rea snCTed
| of only per cent since the last monthly
report. The present condition of the crop
! according to the report is about the same
as it was this time last year. This had tad
| effect upon the market, which has been cal
culating upon short crop.
Advioes from the sea island districts con-
| tnue very gloomy, especially in this section,
| and rust is making havoc with the plant.
1t is behind fully two weeks, and is lust
passing through its critical period. IL
is said that in Bulloch county, which is
| one OF the best counties in the sea island
| belt for the production Of long staple, that
there was less acreage planted in upland
and ses island rtogather than was planted
| last year In seq island alone 1t would gp-
pear from this that there will be no such
| yield as TINT I last season. Receipts
are coming in very slowly.
l AhC opOu hltk hSb- AJA COIbDu h6llD OH IsC
in the better grades yesterday, due mainIy
to tue usual monthly revision of spot QUO
| tatlons III the New York market, in which
| the high grades were reduced and the low
grades were left as they were On contracts
the scarcity Of good grades made them COM
manu higher premium, and any tenders
of contracts on the old difference offered in
the market were a drag. The report, how
ever, OF the agricultural bureau proeYd to
| ba the greatest bear uOiut
The first tramp steamship OF the season
arrived yesterday Sue is the Norfolk
from Newport News as previously an
| nounced in the MORNING NEWS. She was
locked in the Ocean Steamship Company's
slip, and will begin Immediately to load for
Liverpool. The Norfolk is consigned to
Wider " Co. She is an old trader at this
port and about the first steel vessel to visiE
Savannah. Size will carry 5000 or more
bales.
Evidently the government reports did
not es innate tho damage to the crop Dy
rains, drought and other causes at anything
like the reports received generally by the
cotton exchange. There is certainly no
danger of the country producing another
seven million-and -a-half-bale crop this year
and the estimate that the crop of '9I VIII
closely approximate that of 'S9 Is doubtless
a fair one.
The rice mills announce this morning an
increase in the charge for pack ng second
hand barrels from 10 cents to % cents each
John Screven, Jr., has teen elected mana
| gor and w. +. Morel acting Superintendent
OF the Savannah steam rice null.
|
THE RIVER AND HARBOR,
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