The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-22
COTTON RUSHING IN.
Yesterdays Recsipts 125l3 Bales.
The Shipments Light.


The Shipments Light
The receipts yesterday were l2,5l3 bales,
$500 bales more than the receipts for the
corresponding day last year. Inc Total re-
ceipts for the season 10 date are ", 4ol bales,
against 1O5, 796 bales last year.
The movement from Savannah is
verv slow the total shipments
49,, 20 726 bales behind last seasons ship
ments The total of the port receipts yes
tsrday were 54,4l9 bales, against 1860
bales last year.. The sales at this port were
PSI bales, the largest single days sales
this year.
The British steamship Clintonia arrived
Yesterday from SavUna, via Delaware,
! Breakwater. She is the third tramp TO ar
rive thus far this season, and will load cot
ton for Liverpool.
A gentleman who has just returned from
trip through Western Georgia and East
ern Alabama said yesterday that the corn
crop in those sections is very fine, much
finer in fact than the cotton crop. The cot
tor 10 Alabama seemed to be good, but ap-
peared late.
Yesterdays receipts of cotton were again
In favor of the bears. The market went of
about an eighth. but recovered few points
later on. II the receipts keep up as heavy
as they have been of late Savannah's re-
ceipts for September and October may go
ahead of last year. After October q drop
may be expected.
A travelling man, who travels extensively
through Southern and Middle Georgia, said
the other day that the farmers are going
| to market their cotton as rapidly as 1t
can be gathered. They are so sore over
holding last year that they will not enter
tain the idea under any consideration Of hold
| ing this year. This explains why the cotton
coming sorapidly to market.
"This years cotton crop will not be over
| 100000 bales, - said q cotton man yester-
day. He was talking to a buyer, but he
was convinced nevertheless that his telief
was well founded There are a great many
who agree with him The weather now is
very favorable for the rapid opening and
harvesting of cotton. So favorable in fact
that many sections report that the immature
bolls are openings under the influence OF
the hot dry weather. This causes a loss in
weight to the planter. An early frost is
calculated upon by many to cut off the crop
and end the harvesting ny Nov. l.
A well-known banker and financier,
talking to a MORNING NEWS reporter yes
terday, said: "a scarcity of money is COM
planned Of, but the banks are taking care of
their customers without any trouble. There
is said TO be plenty of money in
New York. The spectators are
complaining of their inability to
secure money, but the tendency is becoming
more and more confined among banks every
year to refrain from lending money for
speculative purposes, and TO confine them
| selves more to their regular customers. The
accommodation a man can demand is meas
ured by what his account is worth. Ii the
banks depended upon the small percentages
made upon the loan of their capital very
few OF the banks would ever declare divi-
dend 1t is in the use of
their customers money that
their profits are made. think the banks
are growing more conservative in the
matter Of loans, especially for speculation"
YES" he said. in answer to a question,
'the banks here are all strongly opposed
to the free coinage Of a dollar with only rs
| cents worth Of silver In It,"
The weather was generally very warm
and very fair yesterday throughout the
cotton region. Some slight showers were
reported from the Galveston. New Orleans
and Vioksburg districts