The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-11

"a 277 bales t6s bales being burnt or $3.50 balt
sea island crop was marketed very
rapidly at highly satisfactory prices
to the planter. This too, was done in the
face of a production of some lT0.0 bags more
than was expected at the commencement Of
the season. The transactions were pronta-
bic to all interested; the planter had used the
strlctest- economy IN the production which
yielded the cheapest crop ever known The
interior merchant was benefited by the cause
of fluctuations which always let him out
with y cOtit or a very slight and insignificant
loss. W it'll few exceptions, the commission
merchant did well as collections were good
and ready sales reimbursed him. and
rendered the money market easy, while the
existing conditions enabled the factor to give
merchant and farmer.
The exporters and buyers report, as a
whole that the season was very satlsfac-
tory one The crop was particularly Clean
and large enough TO give all OF them a good
business. Some complaints and reclamaLiOnS
were expected by them and they were not dis
appointed, as such were received; but not
to any great extent.
Competition for he business of the large
thread mills caused the exporters to shave
commissions but the general results were
satisfactory tothe majority, and considering
the general financial depression they have
nothing TO Complain Of
The following resume of the business. by
months. will show the changes and conditions
during the entlre season.
September began with a small stock left
over, and a general uncertainty as to when
the new stock would begin to arrive. During
the first part OF the month the factors and
exporters were alike exchanging views on
the situation. The damage from the August
storm had wiped out all of the South Caro-
lima crop. and subsequent rains had retarded
the Florida and Georgia crop to some extent.
a bout the goth Of the month the receipts OF
the new crop ACCOUNTED to about 4O0 bags,
1ne demand was exceptionally good, and
two that quantity of new receipts were sold,
which took up a considerable OF the old stock.
The prize advanced ABOUT 1ae, and medium
fine grade sold at &c. During the remain
der of the month the receipts began to in
crease and buyers became less disposed to
trade; this caused some concessions by the
factors and prices were reduced about 19c
on all grades. The month closed with choice
at-21c, and medium fine at 1885, The receipts
for the month were ], 1913 bags.
For October The receipts we're unprece-
dented in the history OF the trade for that
month The weather was warm, and the en-
tire crop being open planters hurried the
harvesting anu marketing was pushed for
ward with rapidity. The business continued
steady. notwithstanding the heavy receipts,
and prices were normally unchanged. Al out
the third week Of the month there was little
lull in the transactions, but prices remain ed
steady. The month closed with highly sat
isfactory business being done and medium
fine was quoted at l70l715 cents per pound.
The receipts for the month were 1881 ags.
NovemIer-was ushered in accompanied by
enormous receipts, which had a softening
tendency to the market, and although the de-
mand was TAR the offerings were so low that
the factors we're compelled to meet the de-
clining market to some extent. AS the month
advanced the same conditions grew more pro
nounced, and repeated Concessions were made
in the price. There was good demand. h wv
ever, at the decline ana transactions we're
LARGE. About the middle of the month medium
hne was quoted at 10 cents, Although
the receipts began to lessen during
the closing days Of the month, the de-
mand suddenly dropped Of, and the sit
uatOn appeared to be misunderstood in the
markets which required the staple for spin
ming. 1t was quite an effort to d1Spel the idea
that the crop would be an unusually large
one and sales were effected only by the urg-
ent efforts of the local representatives TO in
duce their houses to give orders. Choice
grades we're scarce about this time, ana com
handed better price IN comparison with
the lower grades. The month closed with
choice quoted at Is to 1873 cents and medium
fine at l6 cents. The receipts for the month
were 1854 bags.
factory business Uplands had felt the effects
of the general depression in the trade, but
sea islands stood prominently apart, with
nrices sustained under the steady demand
for the long staple, The sales continue to
absorb the receipts as fast as they were Of
fered on the market. About the middle of
the month. however. there was decline in
the finer goods as the stock began to increase
and exceed expectations The factors made
up their minds TO meet the demand even at
lower prices and they were justified in doing
So on account Of the continued heavy re-
ceipts. The month closed with very fatr
business considering the Christmas holidays,
Intervening. The price OF medium fair was
quoted atl5H cents and choice had declined
to about 17k gents pound. The receipts for
the month we're II $50 bags.
January commenced under the same condi-
tions as these at the end of December The
receipts were large and the sales in proper
rf-r sre.FH Naaaa usarN .safH
however. was attributed TO the demand TO re-
place orders tor I. rs bales OF cotton exported
on the British steamship Cyphrenes, which
was lost at sea- The general demand for the
Georgia crop pretty nearly disposed OF that
euality.-of cotton, and the majority of the
stock left on hand by the middle OF the month
was choice ElOridas, The prices for the lat
ter were some what reduced to effect sales,
month we're very fair. At the close, medium
fine was quoted at l5c, and choice at l1Mc.
The receipts for the month were 6.Ol6 bags.
February opened with a northumberland,
considering the continued heavy receipts, and
although the market was somewhat lrregu-
lar the sales aggregated large amount.
Enormous receipts at the commencement Of
the thipd week caused LITTLE. luu. In the de-
mand. but prices were held steady with the
expectation that sules would be effected later
on Sales continued TO to comparatively
small during the remainder Of the month, and
the firsr real depressing feeling Of the season
perVaded the market There was, however,
some encouragement derived from the belief
that the crop had become exhausted ana that
receipts would become considerably less in
the near future The market closed with
medium fine quoted at IS cents and choice a.
l7is 20 Is cents. The receipts for the month
were $3.50 bags.
AT he beginning Of March the demand
started out lively for Georgias. with q fair
inquiry for Floridas. The movement had
dropped Oh as was expected. and factors
were confident OF receiving lair prices for the
htaber grades which relnained 10 stock. An
this they were not dish ppointed, though some
concessions ANA DOR RE demand con-
tinued coed until the latter part Of the month.
when Il moderated somewhat The month
closed with fair transactions. az prices 70.