The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-06
TaE COTTON OUTLOOK.
The Prospect Thet a Large Area VIII
be Planted This Year.

De Flanted This Year.
NEW YORK, Feb. 4.-The weekly circular
OF Clapp & Co., bankers and brokers. issued
yesterday, has the following relative to cot
ton: The Lancashire troubles seem no
nearer a final settlement than a month ago.
Spring trade has suffered more than usual
Indian and Chinese demand for cotton
goods has fallen 20 a very low point Great
Britain'S exports OF manufactured Gotten
fell of in 1892 Is ,26l 900 pounds. Ellison ia
reported as putting out crop estimate Of
o 100000 bales. Deliveries Of Egyptian cot
ton since Sept. about same as in former
years. Indian exports to Europe since Sept.
al, OCO bales, against 10000 a year ago.
The secretary of the New Orleans exchange
says the crop movement for the past FIVE
months ending Jan. 81, 1898. was
4,OO3, 393 bales, against 5, 45S, 946 bales last
season, and 5,27S,0 65 bales the previous
year; mills took 625, 4S3 bales, against SOL
$50 bales last season, and 796 ,663 bales the
previous year; that interior stocks received
since Sept. /, 323, 623 bales, against 500, $50
bales last year, and 437 ,3S2 bales the previ-
Gus season; that the crop coming in sight at
close OF January edualed 1892 9l2 bales,
against z POS, 425 bales last season, and
6,S4l ,430 bales the previous year. Estimates
are out saving the fertilizers needed this
year equal 25O TO 800 TONS or what was left
seasons demand will be from one-quarter to
one-third greater than last year Cotton
stocks at many points where planters de-
liver first are much larger than an average,
and about double those two years ago.
Some planters are exchanging 9-cent cotton
for fertilizer. Planting in Texas
begins this year at cents
higher prices than in 1892. Old
landmarks are recalled. A pound of cotton
RI Of
meat. Two years ago planters were en-
abied to buy with pound Of cotton about
two pounds Of meat. Now it takes more
than one pound of cotton to buy pound of
meat. Mules are plenty and cheap. A year
ago the cost OF raising 100 pounds of cotton
was discussed quite freely. All things con-
sidered, we see no reason why 1t cannot be
grown now at what last years estimates
were. Receipts from planters indicate they
have many more bales than reports Dec l
indicated. Continental buying here is
scarcely noticeable. They have moderate
purchases in Liverpool. No exports Of note
are being made from the cotton states or
from this city. The plantation movement
continues small, but ample, as compared
with the needs or expectations Of the
bulls. The past months receipts we're
nearly three-quarters as large as Januarys
1892. Exports same time we're less than 81
per cent, and the price average over 2
cents per pound higher Visible stocks are
only about 6 per cent. less than year ago.
Consumption seems below production or
supply, and stocks sufficient to carry to a
new crop. Gable reports masters called
meeting to settle strike at Manchester, Eng
land. More cotton will be planted and
better care taken 60 mature a good crop.
Yearly the acreage will increase as profits
are assured. The worlds supply is now
ample, and talk of crop prospects need not
be feared before March. Spinners can
scarcely he expected to buy largely after
marked advance. We think the final dis-
position of the Hatch bill, by throwing it
into the waste paper basket, would depress
the cotton market after the first bull stimu-
lus was over. It's failure to pass would
scarcely be more than strong drink to the
invalid, bedridden patient.