The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1894-10-31
UNDER NINE MILLION BALES.

UNDER NINE MILLION BALES.
An Imp srttal Cotton sta,istioian Gives
Some Flgures.
NEW ORLEANS, Oct. 25.-The local
press Will publish tomorrow circular
of Mr.. A. J. r. Landauer. one of the
largest exporters from the South OF
American cotton, estimating the COM
mercial crop of cotton for the curreLt
season at 1885,, 900 bales.
MIR. Landauer estimates for Texas
200 600 bales, or an increase of 64l, ,OCO
over last year; for the group of other
Gulf States, embracing Louisiana,
Mississippi, Arkansas and Tennessee,
2, 100000 bales, an increase Of 484 900; for
the Atlantic States, embracing North
and South Carolina. Georgia, Florida
and Alabama, 3,4S5. 600, an increase of
10000 bales.
Calculated by percentage, he makes
Texas gain 81 per cent, other Gulf
States % per cent, and the Atlantic
States 6L per cent. His views are pre-.
dicated on personal observations made
while travelling through sections of
North and South Carolina, Georgia,
Alabama, Tennessee, Arkansas and
Texas and in addition to the reports of
a large number of experienced CORE
spondents Throughout the South.
Referring to reports promulgated rel
ative to this seasons growth, Mr.. Ian.
dauer says: From my own personal
observation and from what I learn from
reports received, feel satisfied that
the yield of the present cropis exagger-
ated."
He says the fact that 100000 bales
were marketed 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 In comparison with like condi
tions last season. He finds Texas
Louisiana and North Carolina ahead OF
all other States, while the bill lands OF
Arkansas promise Indifferent and, ir
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.. Lsndauer says that Egyptian and
Indian crops will equal last season,
while the Asiatic crop promises tC
prove disappointing. He claims that
the spinning trade In England ant
Germany is improving; France reports
good trade with prospects OF mills con
tinuing to work full time, and that II
Russia many of the most prominent
spinners and manufacturers have con
tracted ahead for their entire output
for 1895. some having contracts up tc
March, '96.
In America, he looks for considera
BILE Improvement over last season, ant
estimates the takings for the year by
foreign and domestic spinners at $500,
| 900 bales of American cotton and cal
culates on this basis that should the
current crop reach 100000, the visible
supply October, 1st, 1885, will not have
increased more than 300, 600 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 tht
last two years, and that with a reduc
tion of the Asiatlc crop, the demand
for cotton from other centres Will natu
rally increase, added to which ht
points to the probability of planters
holding back a great deal of this
years product on account OF low
prices, and ss cotton cannot be raised
at present values, unless there Is an
Improvement, next season must wit
nees a considerably reduced acreage
He claims that the present heavy
movement to market Is not an indica
ton Of the crop, as 1t might be ever
greater with an eight million crop
and expresses the opinion that it /:
suicidal to sell an article which ha
gone far below the price of production
concluding as follows:
american cotton has no competi
tiop, and hence America ls in far bet
ter position to dictate the price OF thi
article than any other she exports. 4
a matter of course, if planters continu
to rush their entire product to marke
at once, if they are 80 frightened b.
current prices as to demoralize others
then 1t is possible we may witness ever
lower prices yet. Oa the other hand
if they market gradually and hold
portion, their risk is certainly onl.
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.
Note-Mr. Landauer Is Belgian con
sui here and manager of the American
Trading Company.