The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-03-11
BRADsrRBETs ON COTTON.

The Firm Bases an Hstimate on Re-
ports from Correspondence.
New York, March O.-BradstreeCs
will, tomorrow, issue a special cotton re-
view, based upon reports Of nearly 2,OOC
correspondents, Of which the following IL
an abstract:
Reports from ,975 correspondents In ten
southern states OF the stocks of
cotton at !, ,494 towns on or about March
1 enable Brddstreet's TO make an unusually
comprehensive statement OF the visible sup
ply Of cotton lying back OF the usual visible
supply points waiting 20 come forward and
be counted In the crop Of the season of
1929. OF the ,494 towns reported 900,
or 90 per cent, only reported stocks
our correspondents say no stocks
were held on March Of which
towns. however, 230 reported stocks held
on March /, 1892. The total stock held
March /. 1898, was 34l 1853 bales, against
508,O39 bales a year ago, an apparent de-
crease, according TO the correspondents, of
over 81 per cent. The decreases by states
show some curious differences. Florida
shows the heaviest decrease of
any, while Louisiana shows the
smallest. The adjoining state Of Mississippi
also shows only a moderate falling off.
Small decrease in Louisiana, however, is e,
by reference to detailed reports of the
stocks, due 10 the heavy increase in stocks
held at Monroe The cause Of this excep-
tionsi increase is holding for better prices.
Texas, with one-quarter OF the total stock
reported, shows a decrease OF 80 per cent.
The average for the entire cotton belt, it
will he seen, is considerably below this.
The result Of an enumeration of the
stocks at nearly l,500 interior southern
towns shows a total held Of 342 900 bales,
about one-third less than that reported
held year ago. This under ordinary cir
cumstances might be taken TO indicate
that as far as the leading towns Of the
south are concerned the amount held and
likely to figure In the count OF crop is only
two-thirds OF that held last year.
HOLDINGS OF THE PLANTERS.
Scattered reports as to the amounts held
by farmers on the plantations go far to
confirm this and practical exhaustion OF
supplies on plantations Is reported by many
correspondents in different states. The
general statement apparently is that one
third less than that held a year ago on the
plantations is yet TO come forward.
In regard to the amount likely 10 come
into sight from now on, BTddStreet's says:
If this amount was az last year, all but
about 6 per cent. Of the total crop, the
amount 70 come in sight from now on
would be about 3SS, 900 bales. This added
to the total I'm sight on Feb. % this year
would reach a crop Of 6,476,O00 bales. If,
however, the same proportion shown In the
stocks at towns holds good as to plantation
stocks, one-third decrease from last
year, the amount to come In sight viii be
only 258,O00 bales, which. added to the
amount IN sight shown on Feb. %, 6,08s, 142
bales, would give total crop OF 6,346 goo
bales.
Just bow much influence an early season
or better prices than last year may have on
the new crop receipts In August rec
mains TO be seen. IL the proportions
above shown hold good, however, it does
not seem reasonable 10 expect a crop Of
cotton much below that indicated in Brad
streets OF Dec. II, 1892