The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-10-31
UNDER NINE MILLION SALES.

Al Impartial Catson Sta:ist.c:sn Gives
Some Figures.
New ORLEANS, Oct. 25.-The local
press will publish tomorrow circular
of Mr.. 4. J. R. Landauer. one of the
largest exporters from the South of
American cotton, estimating the com.
mercial crop of cotton for the current
season at S,805, 900 bales.
Mr.. Landauer estimates for Texas
100000 bales, or an increase of GIL 900
over last year; for the group of other
Gulf States, embracing Louisiana,
Mississippi, Arkansas and Tennessee,
100000 bales, an increase of 4S4 900; for
the Atlantic States, embracing North
and South Carolina. Georgia, Florida
and Alabama, 3,485 coo, an increase of
10000 ba'es.
Circulated by percentage, he makes
Texas gain 81 per cent, other Gulf
States % per cent, and the Atlantic
States 61k per cent. His views are pre-
dicated on personal observations made
while travelling through sections of
North arc South Carolina, Georgia,
Alabama, Tennessee, Arkansas and
Texas and in addition to the reports of
large number of experienced CORE
spondents throughout the South.
Referring to reports promulgated rel
ative to this seasons growth, Mr.. Ian
da,er says: From my own personal
obsery alton ard from what learn from
reports received, I feel satisfied that
the yield of the present crops exsgger-
eted.'
He says the fact that 5,600,OO0 bales
were marke:ed from States other than
Texas last year, Notwithstanding the
very poor yield OF the Mississippi VAL
ley bottoms, indicates that some very
fine crops must have been raised In
many sections of those States, leading
to the inference that while good re-
suits may be obtained this season, they
must be considered in a good many
cases il comparison with like condi-
tions last season. He finds Texas,
Louisiana and North Carolina ahead of
sll other States, while the hill lands OF
Arkansas promise Indifferent and, In
many cases, poorer crops than last
year. Georgia and South Carolina
crops are very much spotted, some
good, others not better than last year
while the gain in Mississippi, is prin-
cipally in bottom lands which promise
better than for years, while the up
lands will give an increase.
Mr.. Landauer says that Egyptian and
Indian crops will equal last season,
while the Asiatic crop promises to
prove disappointing. He claims that
the spinning trade In England and
Germany is improving; France reports
&C ID trade with prospects of mills con
tinulng to work full time, and that IN
Russia many of the most prominent
spinnerS and manufacturers have con-
tracted ahead for their entire output
| for 1895. some having contracts up to
March, '96.
In America, he looks for considera
ole Improvement over last season, and
estimates TIE taki1gs for the year by
foreign and domestic spinners at $780,
| 900 bales of American cotton and cal
culates on this basis that should the
current crop reach 100000, the visible
supply October, 1st, 1895, will not have
Increased e ore than 5O,OOO bales over
that of October 1st, 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 reduc'
tion of the Asiat1c crop, the demand
for cotton from other centres Will natu.
rally increase, added to which he
points to the probability Of planters
holding back great deal of this
years product on account of low
prices, and IS cotton cannot bs raised
at present values, unless there Is an
Improvement, next season must wit
ness a considerably reduced acreage.
He claims that the present heavy
movement TO market is not an indica.
tion of the crop, as it might be even
greater with an eight million crop
and expresses the opinion that it is
suicidal to sell an article which has
gone far below the price of production
concluding as follows:
american cotton has no competi.
tior, and hence America IS in a far bet.
ter position t0 dictate the price of this
article than any ocher she exports. AS
a matter of course, if planters continue
to rush their entire product to market
at once, if they are so frightened by
current prices as to demoraliZe others
then it is possible we may witness even
lower prices yet. On the other hand,
if they market gradually and hold
portion, their risk is certainly only
nominal, if any, and if no great ad-
vance be established, we might, for
time at least, experience steady mar.
kets, followed by healthy advance" p"
Note-Mr. Landauer is Belgian con.
sui here and manager of the American
Trading Company.