The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-08
AMONG BAY STREET MEN.
Gossip of the Crops and the Markets.
Yesterdays Cotton Receipts.

GOSBlp OF the CrOpS anu bnS hdEAOSS'
Yesterdays Cotton Receipts.
The same state of affairs does not prevail
In South Carolina, however, according to
the Charleston World, which says:
During the short intervals of sunshine
recently a considerable amount OF grain
was cut, and in some Of the fields the cut
rice Is floating around thoroughly saturated
with water, and will be an almost total
loss. In other places, with the new rice
lying on the ground, it is in exactly the
condition to be injured. In view OF the
brilliant prospects few weeks ago for a
large and paying crop Of rice the present
outlook presents sad reverse Of fortune
and renders the planters as blue as indigo.
A short crop and one Of inferior quality
appears to be the only prospect now before
the rice planters Of this section, unless
continued spell Of dry and clear weather
prevails until the close OF the season"
A cotton factor who has just returned
from trip through Georgia and South
Carolina says that he came down from
Spartanburg to Augusta. the Piedmont
section, one of the best cotton raising dis
tricts in the south, on Aug. 81, exactly the
same day on which he made the same trip
last year. Then the fields were white as
snow and picking was going ahead rapidly.
This time there was hardly an open boil TO
he seen. There was nothing but blooms and
green bolls Nothing could better illustrate
how far the crop is behind in that section.
There is considerable complaint on the
Bay owing to the lack Of telephone com
munication with Tybee. Merchants are
anxious for the telephone company TO do
something, as the busy season has begun,
and some sort of line should be established
to facilitate communication with the Ves-
sells arriving in the roads. They argue If
an observatory cannot he put on govern
ment land, on account of the war depart
ments objections, one could be established
on another part Of the island.
The receipts OF cotton are beginning to
pick up. Yesterdays reached total OF
1889 bales. the receipts the same day
year ago were $500 bales. The spot market
went off 10 all around, caused, Ii is said,
by the too rapid advance. resulting in
natural reaction. 1t was accelerated by
decline Of 10 TO 81 points in futures in the
New Orleans market There was no news
from New York owing to yesterday being
holiday there, and the exchange was
closed on account Of Labor day.
The rice men say there has been no
damage to the rice that had been cut and is
lying on the ground by the recent showers
the rains are sufficiently heavy to beat the
rice into the ground and cause it to sprout
Everything continues bright for the rice
planters in this section.
There are twelve steamships up for and
bound for this port for cotton. The first OF
the fleet, the British steamship Norfolk, will
arrive probably tonight or Tomorrow
morning from Newport News, Va. She is
is steel ship of about 5000 bales capacity.
/ Several of the cotton men will 60 up on
the South Bound railway excursion to-day.
They are interested in this new addition to
Savannah's territory. Several Savannah
Cotton houses have already canvassed this
territory, and a large amount of cotton has
been promised them.
Many Of the towns in this state are just
now receiving their first bales. Many of
these towns are in the middle portion OF
the state, not the upper.
In Alabama it is estimated the crop will
be 90 per cent less than it was thought to
be one week ago,
Leading planters and cotton men in
Memphis have received advices from all
parts of the Memphis district, which war
rants that the crop has been damaged on
an average IS per cent. as compared with
last year.
North Carolina stands third among the
southern states in aggregate consumption
of cotton. The following figures are inter-
esting: South Carolina 1874, 957, Georgia
1853, 957, North Carolina lao, sos. The North
Carolina mills consumed nearly 81 600 bales
more this year than last.