The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-11-14
COTTON KEEPS COMING.
THIS WEEKS PORT RECEIPTS
$1,000 AHEAD OF LAST YEAR.

Prices Keep Falling on. and q Predio
ton, if the Coming Weeks Receipts
Exceed Those OF Last Season, Of G
General Collapse OF the Msrket-The
Crop in This Section About Hsr
vested, and the Fields Bare - The
Effect Of the Large Crop and Low
Prices on the Farmers
The heavy cotton receipts 81 the ports
still continue. The receipts for the week
ending yesterday wers over 81. 900 bales,
which is about 81, 900 bales gree tsr ian the
corresponding week last year.
II was this week last year. however. that
the embarrassment Of abe 6aring Bros. was
announced, which contracted operations
throughout The Whole financial world, and
especially in the cotton market This
caused a general falling on IN receipts
for the week. The receipts for the Sorrs-
spending week last year were large, re-
action having taken place from the depres-
sior Of the previous week.
Cotton buyers are predicting now that
the crop will be a large one. and that prices
will 90 considerably lower. Some predict
that cotton will 60 to cents, and even be-
low that. within the next few weeks. II the
coming weeks receipts should exceed the
heavy receipts Of the week last year it is
predicted that the bottom will drop out OF
the cotton market entirely.
There is no doubt that the cotton crop in
this section is about all harvested and that
the receipts at the South Atlantic ports will
shortly begin to drop off heavily. Reports
are received from all sides that the fields
are bare and the picking season is practi-
.a-n.N Il.
the staple was very fine, the low price re-
celved by no means compensated the farmers,
a large proportion OF whom are left in debt.
The complaint is general from the country
districts that the renters and troopers, espe.
cislly the colored farmers, failed to pay out.
and general retrenchment on this line will
be the order next year. Merchants are re-
fusing TO sell except for cash, and many OF
the farmers have not the money with which
70 buy.
The rice crop is nearly all in. The har-
vesting will be finished entirely on the
Ogeechee in about a week. The crop has
turned out very short and the yield is not
anything like what expected. The planters
are very much disappointed as all appear
ances indicated a good yield. The growing
season was good one and the harvest season
was all that could be asked, but the yield
only setback the crop had.
The rice market at New Orleans Is strong
and active, though no change in prices Is
reported for either clean or rough grades.
Calcaseu estimates are falling short, as are
also those of Carolina, and these two facts
have tendency to strengthen the market.
Just 50 our planters do not flood the market
with large receipts, prices should rule well
up.-Ptdnter.
young cotton buyer on the Bay who
has been watching the market pretty
closely since the beginning of the season as
serts that If he had gone into the market on
the near side at the beginning Of the season
and sold 100 bales every day up to date he
would now be $S5, 900 richer by his trans
actions.
ITO hear people talk hers you would
think Savannah was the cheapest cotton
port in the country" said cotton buyer
yesterday, but they are badly mistaken. I
have advices showing that eastern firms are
now buying cotton in the interior towns in
Texas and laying it down in the east at one
eighth Of a cent less than Savannah prices.
The reason of it is that the banks in those
cities are in need Of money and are forcing
holders to SELL