The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-04
corroNs PR1os STILL Low.
The Usual Bull Conditions Seem &c
Hava no EHact

Have no Effect.
The psrsists1cy with which the price of
cotton continues to remain at the present
low figures and the occasionally drop of OF
q few points 10 the face of all reasons 70 the
contrary. is very dishsarteninz to the bulls
and all interested in the price OF cotton
generally. Small port recepts, hesvy rains
and continred reports of damage TO the
crop all have 10 efferr In raising the price.
The cotton receipts at all the ports for the
week ending Friday, were 227, 555 bales, as
against 30, S52 the same week last year, a
difference of %, 800 bales 10 favor Of last
year. This had no effect on the price, how
ever.
Savannah's receips have picked up
steadily since the first dayof the strike IN
spite Of the scarcity of laborers, and IN all
probability the daily receipts tbs week will
fully equal the receipts for the Same time
last year. Tuesdays receipts were only
2. S65 bales, while Fridays were 5,742 aad
yesterdays 6.41l. The strike, however, cut
down Savannah's receipts last week over
10000 bales. Most Of this cotton is being
held up along the railroads and in the
towns and will come in within the next few
days.
II the weather this month psus ont ac-
cOTding TO the indications, there ought to be
heavy advance in price by the end If the
month. There exists at present deficiency
for tee year Of over three inches Of rain,
and deficiency of about 140' II temoera-
| ture. From this it would seem that Octo-
| Der will be warm. rainy month. Under
such Conditions cotton will open slowly, AMI
/ harvesting aud IL srketing will also be slow.
/ If there should be early frOsts in addition to
this the general estimate OF 1900, 900 bales
will be altogether too high.
Hubbard, Price & Co, in their cotton
| circular OF Sept. %. say of this years crop:
THE advices, both private and semi
| official, with regard to the crop, continue
80 poor that a theoretical acceptance of the
| idea thes the next crop cannot exceed
| 100000 bales is noF general but general
| doubt seems to prevail as to whether such a
supply will maze necessary any readjlst-
meat of prices. The longer doubt upon this
| poilt obtains the stronger is the probability
Of a sharp advance, If smaller receipts later
in the season shall compel a recognition OF
the claim. SO general, that this crop is rela-
lively small one and being rapidly mar
keted."
The Commercial Bulletin Of New York
speaks of the crop estimates as follows: The
| condition of the cotton market is much in
/
| tends rather to belief that the injury t.
the cotton crop has be3n considerable, and
| yet not large enough to make very great
difference in the years relation OF supply
and demand. But perhaps there has never
| been more serious confiics Of evidence
as respects the probable yield of
| cotton than there is at this tims. Private
| letters from parties Of unquestionabe in
tegrity. even ia the same counties, differ
widely in their judgment of the situation
From some there come tie most gloomy
statements, for example, that the crop Is
| from third to one-half short OF fall
| yield. But from others, who are at least
| equally reliable, representing the same To-
| calities, there comes information that the
crop will be as large if not larger than that
of last year. 1t is not altogether strange that
these differences should be found at this
time and season. 1t is obvious to all that
there must be great differences in the ex-
( tent of injury to the crop on lands differ
emily located in the same county or the
same neighborhood. Under such circum-
stances, there is no possibility of estima-
ting the yield with great correctness, even
| by the resources at the disposal of the
agricultural department. This was shown
10 painful extent in the official reports q
| year ago "