The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-26
THIS YEARS COTTON CROP.
LandauGT Of New Orleans Estimates II
at S,SS5,OOO Bales.

Bases His Estimate-His Views Pre-
dicted on Personal Observation and
Reliable Reports-He Asserts That
the Consumption This Year is Sure to
be in Excess of That of Last Year.
New Orleans, oct. 25.-The local press
will publish tomorrow a circular of A.,
j, r. Landauer. one of the largest ex-
porters from the south Of American cot
ton estimating the commercial crop Of tha
current season at SSS5,OO0 bales.
Mr.. Landauer estimates for Texas o.
10000 bales, or an increase of Ga, 900 over
last year; for the group of other Gulf
states embracing, Louisiana, Mississippi,
Arkansas and Tennessee, 2.7OO,OOO bales,
an increase Of 4S4, 900; and for the Atlantic
states embracing North and South Caro-
lima, Georgia, Florida and Alabama, g.
$4,000, an increase of 10000.
Calculated by percentages, he makes
Texas gain 81 per cent, the other Gulf
states % per cent and the Atlantic states
6 liz per cent
Ills views are predicated on personal OBJ
servations made while travelling through
sections of North and South Carolina and
Georgia, Alabama, Tennessee, Mississippi,
Arkansas and Texas. and in addition to
the reports Of a large number of ex-
perienced correspondents throughout the
south.
referring to the reports promulgated res
latlVe TO this seasons growth Mr. Lam
dauer says: From my own personal OBJ
servation and from what l learn from re-
ports received, / feel satisfied that the
yield OF the present crop is exaggerated.H
He says the fact that $500 900 bales were
markted from states other than Texas
last year, Notwithstanding the very poor
yield Of the Mississippi Valley bottoms, in-
alcates that some very fine crops must
nave been raised In many sections of those
states, leading to the inference that whila
good results may be obtained this season.
they must be considered in many cases In
comparison with like conditions last sea-
son.
He finds Texas, Louisiana. and North
Carolina ahead of all other states, while
| the hill lands Of Arkansas promise indif-
| ierent and' in many cases, poorer crops
| than last year. The Georgia and South
carolina crops are very much spotted
some good, others not better than last
| year while the gain In Mississlppi Ia min
| cipally in the bottom lands, which promise
| Deter than for years. while the upIands
| VIII give an increase
| MT Landauer says the Egyptian and In
| dian crops Will equal last season, while
the Asiate crop promises to prove dis
| appointing. He claims that the SHINING
| trade in England and Germany is iuprov-
| ing France reports good trade with pros
| poets OF the mills continuing to work full
| time, and in Russia many of the most
prominent spinners and manufacturers
| have contracted ahead for their entire ont
| put Tor 1879, some having contracts I'D to
| March, 1886
In America he looks for a considerable
| Improvement over last season. He estl-
mates the taklngs for the year by foreign
and domestic spinners at 100000 bales OF
American cotton, and calculates on this
basis that should the current crop reach
SsOO'OOO the visible supply, Oct LIST, 1895.
| VIII not have increased more than
So0OOO bales over that OF Oct. 1, 1894.
he claims that with continued low
prices india will not ship anything like
| the quantity she has shipped the last two
| years and that with a reduction Of tha
Aslatc crop, the demand for cotton from
other centres will naturally increase, ada.
| cd to which, he points to the probabilitv
OF planters holding back a great deal Of
tniS year product on account of low
| prices ana that as cotton cannot be raised
at present values, unless there is an i'm
/ proyement, next season must witness a.
| considerably reduced acreage.
he claims that the present heavy moye-
ment to the market is not an Indication
/ OF the crop, as 1t might be even sreator
| with an 100000 bale crop. ana ~.
presses the opinion that It Is suicidal IN
| sell an article which has gone far he
/ low the price OF production concluding
as iolloWsI American cotton has no
competition, and hence America Is in q
far better position to dictate the prica ~
/ this HFticlg than obn
As matter OF course IL the planters con-
tinue TO rush their entire product 10 mar
| ket at once and they are so frlshtened
by current prices as TO demorallze Others
then It is possible we may witness even
| lower prices yet. on the other hand II
they market gradually and hold a portion.
their risk Is certainly only nominal, IL
| any, and II no great advance be estab-
lished, we might, for a time, at least, ex-
perience steady markets, followed by a
| healthy advance"
Mr.. Landauer is the Belgium consul
here and manager OF the American Trad
| ing Company.
In reference to the circular letter OF
| Hon. Hector 7. Lane, commissioner Of
agriculture for the state of Alabama, An
relation to the causes Of the depression
1 OF cotton, the representative of the
Southern Associated Press here inter-
viewed President Labouisse and Secre-
| tary Hester of the New Orleans Cotton
| Exchange. President I.abouisse said
| that I'm so far as the New Orleans Cotton
| Exchange was concerned Commissioner
Lane is certainly In error; that the New
Orleans Cotton Exchange had never az
| this season, or in any past season, put
| forth an estimate of any kind relating TO
the cotton crop; that the business OF the
exchange was TO obtain information OF
facts after they had occurred and not
TO make forecasts or estimates OF any
kind; that tho New Orleans Cotton Ex-
change has nothing to do with IT, nor does
/ II In any manner aid or countenance the
making Of either private or official esti-
mates on the probable production OF cot
ton; therefore the statement that the prin-
cipal fight in the convention called by Mr..
Lane would be on the false estimates
sent out by the cotton exchange and cities
could not In any way refer to the cotton
exchange OF New Orleans.
Mr.. Hester fully coneurred In this state
ment.
seiba King Sent Up for Two Years.