Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-28
JUMPS ON UNCLE JERRY.
His Crop Reports Denounced by an Ex-
change That He Has Ridiculed.


change That He Has Ridiculed.
ST. LOUIS. May 27.-The Local Cotton Ex-
change has sent the following open letter to
| Secretary Rusk of the Agricultural Depart
mefIt at Washington:
Hon. J. NJ. Rusk. Department Agriculture. WASH
ington, ID. c.:
DEAR SIR-Referring to the publicity you
have given our exchange in your official
| report from the Department of Agriculture,
dated April H. 1892 page l34, we beg respect
fully to make the following reply:
The attack made upon this Exchange by
| the Government in this official document is
| in reply to protest issued by this Exchange
in PRONUNCIATION of guesses or estimates
from your department In this report
yon used the following: This SO
state which, pToducds Is ts cotton and
consumes less; that the New Orleans
Cotton Exchange says: Missouri has one
| cotton mill and consumed 52S bales of cot
| ton in 1891, but for little forwarding east
ward it might as well be located i'll any town
in Western Kansas that has telesraphic
| facilities"
that date this Exchange held more spot cot
ton than any Exchange in the Southern
States, excepting New Orleans. You seem
| to be laboring under the impression that TO
be great cotton market we should be great
consumers of cotton. Last season 3O9,-
273 bales were consigned to this
market and sold here while the total receipts
amounted to 49,, sol bales. This season we
have received up to date for actual sales here
3O2, l45 bales, while actual receipts amount to
.Sl5 bales. making 406 672 bales of through
cotton, and of this about 100 000 bales are
handled by our own merchants.
The unwarranted attack on this place as
cotton market is unbecoming Cabinet
officer. You stand as a friend cf the farmer.
and vet before the crops are gathered you
herald TO the world in your April report that
yourguesses of the cotton on the plan tionS
will make surplus over and above the
worlds wants OF over 100000 bales, and
down goes the price in every market OF the
world, and your friends, the farmers, are
the sufferers.
You express great desire to tell the ex-
act truth; "as you have done, and tell it sea-
sonably," truth that is KNOWN" you say
"to every buyer i'll Europe and America"
That is just what we object to- Your truths
seem especially fitted for buyers in Europe
and America, and not for the producers OF
cotton"
We call your attention to the following
market letter from Chicago, published in
the Post Dispatch, referring to grain: "The
price to-day has been more or less Influenced
by reactions of the monthly 'dodger.'
This Government report comes out
to-day giving conditions of the growing
wheat plant which at present is only .
healthy growth of grass above the ground.
The report is yalueless ut this season OF the
year, and the sooner trade and farming COM
munity realize it the better. 1t has already
ruined the export business. as our big crops
are heralded over the world in advance of
tile facts and the foreign buyers hold of."
The report of our Government on crops
has an untold weight in England and
Europe. simply because it is an official re-
port. At home it is losing credence more
and more every year, and very few con-
servative merchants base any calculations
on its estimates.
Cotton Exchange. HENRY W. YOUNG.
Secretary.