The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-29
COTTON CROP TALK.
VARYING ESTIMATES OFTHB MUM
Der OF BALES FOR THIS YEAR.

Have the Farmers Been Greatly Beue-
flied by the Rise in Price2-Aiany
Have But a Greet Deal of Cotton
Was hurried to Market Because 1t
Was Thought the Market Would 90
Lower-Some Think the Price VIII
Go to IL Cents.
The condition Of the cotton crop and
speculations as to the seasons supply, to-
gether with various opinions on the future
price Of the staple, is agitating the entire
south at present. The recent advance in
prices has caused considerable excitement
aud the general benefit TO the entire cotton
belt has been felt.
There is diversity of opinion as to the
future results, however, and the MORNING
NEWS has inter viewed several of the promi-
nent merchant traders and factors of Sa-
vannah on the subject.
The general impressions and opinions of
the leading factors is that the crop will be
about two-thirds of that of last season, and
they estimate on the basis that up to the
week ending Saturday, Nov 26, last year,
the receipts were 500, 600 bales, while this
seasons receipts were only 3,194,000 bales;
that at this time last year one-half of the
entire crop, which was 5000, 200 bales, was
marketed, and if.that is the case this year,
the entire crop will be only 6,3SS, 900 bales.
1t is also affirmed that merchants, traders
and spectators rushed into the country and
bought cotton at advanced prices, and
through the speculation, sold ii for higher
prices. Hence the present rise In the price
and the benefits received by farmers and
dealers alike. Many think that the prices
will continue to advance, and one factor
stated that he expected cotton to bring 10
cents by June l, 1898.
A factor. who has received concise re-
ports from Mississippi, Louisiana and Ala
bsma, stated as his opinion that the crop
was at least 25 per cent. short of that of last
year, and that in a great many places the
farmers had sent the last of their crop to
market. He said that the gins in several
sections had closed down for the season, but
still there was some cotton coming from
those localities.
Another large exporter and factor stated
that be did not take much stock in the state
ment that the crop would be as low as 6, OO0,-
900, as many put it, but that there would be
at least 8 ,750, 900 bales this season. He said
that speculation had made the stir in the
market, and that he would not be surprised
10 see the price fall and huctuate materially
during the next few months.
There is one fact however, that is of in
terest to the farmers as we'll as all dealers
In the staple, and that is that the world
hCOAo hb A5hnS OsOOOOOO UhlSS Va CObbOu AEOul
this country for actual consumption, ana If
this country this season has only produced
100000 bales the next season will COM
mence without a single bale OF cotton on
the market. Cotton goods are already ad
vancing in price.
1t Is stated that the farmers planted all
the cotton that they could this season. They
couldn't get advances to plant any more.
They were held back by those who usually
advance money for the crop, and it is a gen
eral opinion, too. among the leading factors
that the farmers rushed their cotton to
market this season, notwithstanding the fact
that the general estimates were low, think
ing that the story of al short crop was an
old story which they had needed to their
sorrow for four or five seasons.
However, the south has been benefited by
the present advance ia prices. and those who
have cotton to sell can sell it now and be
happy. while the prospects for next season
are especially bright