The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-11-15
COTTON MEN JUBILANr.
In Good Spirits Over the Jump in t
Staple.


In Good Spirits Over the Jump In the
Staple.
Cotton men are feeling much better now
than they have been feeling for some time
past, and they have reason for their good
spirits.
Along with the election of Cleveland and
the general increased feeling of confidence
in the future of this section cotton h as gene
up with jump. In two weeks the price of
good middling has risen fully cent. 1t is
now quoted at 50 cents, which Is 2 cents
above the lowest price reached during the
summer.
Sentiment, the cotton men all agree, has
a great effect upon the cotton market, but
as the increase began before the election of
Cleveland it evidently is not altogether at
tributed to the result of the election.
THE SHORT CROP.
The shortness of the crop as evidenced by
the continued light receipts at all the ports
is, of course, The chief factor in increasing
the price. Cotton men everywhere have
now made up their minds that the
crop this year will be very
is 1000, 900 bales. There are reliable au-
thorities who are estimating it at even less
than this amount. Savannah is over 10O,-
900 bales behind in her receipts compared
with this date last year. 1t is not expected
that the future receipts will materially al
ter this difference. Other ports have lost
in still greater proportion. Memphis and
all the interior markets agree in reporting
very light crop.
The reports Of the United Stated agri-
cultural bureau have substantleted the
statements as to the condition Of the crop
sent from the interior, All these things to-
gether have combined to cause a rapid ad-
vance in the price Of cotton. Old heads on
the Bay now assert that cotton will 60 to 10
cents pound by Jan. /.
INFLUENCE OF THE ELECTION.
1t Ia interesting to note the weight placed
by cotton men upon the influence of the
election Of Cleveland upon the market.
The prevailing sentiment with regard to
the new administration is that it will be
friendly to this section. AS more than one
prominent business man said yesterday 1t
puts at rest all fears of unfriendly legisla-
ton toward the south and its future prog
ress is assured.
THE force bill. )" said Mr.. j. p Williams
yesterday, has kept millions Of dollars out
of the south. With the distractions which
were almost certain TO ensue in case Of the
passage OF the Dill, capitalists were afraid to
risk their money in this section. For the
last several months they have absolutely re-
FUSED 10 consider southern securities at all.
Now with the changed condition of
affairs and the Improvement that
is going on IN the financial condition
of the great railroad systems OF this section
millions of dollars will pour into the south
from the north and from abroad in a few
years. In my opinion our people are upon
che threshold OF the greatest era Of pros
perity they have ever known"
CONFIDENCE RESTORED.
Mr.. II. NJ. Conner said: THE result of
Mr.. Cleveland's election, in my opinion,
will be a general Improvement and devel.
opment not only of the railroads and the
cotton industry, but Of all trades and in
dustries throughout this whole section.
The feeling Of restored conf
dence, together with the expected
Improvement In trade relations will attract
capital from all over the world More bust
ness will be done at better profits and all
lines of industry will be benefited
Edward Karow, the new president of the
cotton exchange, said: az have no doubt
that the election of Cleveland had its effect