The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-02
COTTON CROP PROSPECTS.
The Outlook Points to Yield Of
100000.


In their latest circular Hubbard, Price
& Co say: AN increase in the volume
of receipts larger than had been antici-
pated by the trade; continued mcer-
tainty as to the repeal of the Sherman
law by the Senate, and a natural with
drawal of spinnePs from the Liverpool
market, are the reasons for the decline
which we have to record as a result of
the weeks transactions.
Rain fell throughout the drought
stricken portion of Texas and frost was
threatened at one time over the Mississip-
pi Valley, but did not materialize. Crop
prospects are thought to have improved,
and this belief is confirmed by the report
of the weekly bulletin of the agricultural
department 1t is now admitted that
with late frost the northern portion of
Texas may make a top crop, and if so, the
yield of that state will be increased over
the low estimates of 100000 as given by
the authorities who have made study
of the prospects of the cotton crop in
Texas. The reign of terror which
has resulted in some sections of
Mississippi and Louisiana from
the burning of cotton gins by
white caps has had contrary effect upon
the minds of foreign buyers from that eX-
pected, as it has been assumed to estab-
fish the fact that the yield of cotton in
those states was greater than had been
expected, as under no other circumstances
was such policy to advance the price Of
cotton eXplainable If the crop is short,
the simple holding of the cotton would
advance the price On the other hand, if
the cotton is there, violent means to pre-
vent its moving TO market would possibly
be adopted to advance the price. 1t is
we'll, however, to note that sharp meas
ures have been taken to prevent the con
tinuance of these lamentable affairs, and
they will doubtless soon be a question of
the past.
Receipts of cotton will govern the
market until the fear of the bureau re-
port, to be issued on the 10th of October,
becomes an active factor in the situation.
AT the gulf ports the movement of the
crop is upon such a scale that it indicates
a remarkably good yield through the val
leys of the Mississippi, Black Warrior
and Alabama rivers. On the Atlantic
slope, Savannah and Charleston show an
increase over last season, and it is
thought that the yield of the country
east of the Mississippi will possibly reach
6,000,0 900 bales of gotten. In this calcula-
ton Arkansas is included in the country
east of the Mississippi, and the trade
look for the falling on in Texas to be of
such magnitude as to cause the crop to
point to a yield of I, 800, 600.
An early frost, however, would ma
teriallY change this prospect, and the
descent of a cold wave upon the southern
country during September is thought by
many to point to a recurrence of cold
waves that will bring an early frost. 1t
is to be noted that the liquidation of the
cotton purchased on the recent advance
has commenced, and seems likely to
cause cotton to decline further in the i'm
mediate future; but above all considera-
tions of crop and trade stands the Sher-
man law, which, in this country, is pre-
venting merchants and spinners from
buying cotton through their inability to
procure loans of money for stated periods.
Naturally with these factors weigh
ing upon the market, the trade in Man
chester is disposed to withdraw under the
idea that they will be able to buy their
necessary requirements at very low
prices, and until the continent comes to
the relief of that market by absorbing a
portion of the daily offerings abroad we
cannot expect much support from Man
chester, even though the trade conditions
are of such a character as to warrant
spinners paying full prices for cotton"