The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-05
II. B. SPERRY & CO.,
DEALERS ~
Southern Securities,
239 +. GERMAN ST.. BALTIMORE. MD.
Entire issues bought. Advances
made or marketable cOIIateraIs.

receipts at the ports were larger than
ndu Deen expected, and the crop reports
from Northern Texas We're more favor
New York. Oct. atwood. Violette &
Co say Of cotton: Suppose the bureau
should confirm on the tenth instant our
expectations OF what they will fOreshad-
OW, namely 100000 bales or 100000 less
lnan our total exports last season and
ABOUT 0VO.vJ bales less Of American than
EUROPE alone consumed last year, what
should be the effect on the price. and what
IS the domestic and foreign spinner to do
II lhese Impressions as to the bureau re-
port prove correct2 The average condition
they are TO report should not be above Co.
against 40 $40 last month whereas the
IoWest condition of any previous October
report was % IN 1871 and the crop of that
season was >. $4,000. But while the acreage
then was less than now the loss in condi-
ti0h now below that season will largely
oHsSt IL Inc production Of lint per acre
OF inns crop, we venture to say, VIII be the
smallest on record, or anyway since 1867. -
,NeW YORK, Oct. 4.-Clapp K Co., in
tLeH weekly review Of the markets, say
the following of cotton: I'm 1898 the
Goriu visible was 2,229. 9J7 bales, and the
SepIemper movement into sight 5l1 .275
oaIes; exports were 15l.32 bales. A year
40 the visible was 2,0l7 SOP bales, and the
Seplember movement into sight 663 1O8
paIes. Exports We're 202,67S bales. Now
the visible is 2,2Si,590 bales, 50 per cent
Delhg American. Amount IN sight H.
40, last september it was 617,647 bales
Exports are SIPS bales, against lSS %
coming IN sight short crop years in Sep
TENDER the past decade we predict this
crop VIII equal about 100000 bales. Sell
u0n is the September movement a fair
test OF what may come in SIGHT the fol-
lowing eleven months. Ordinarily about
one-nalt of each crop comes in sight the
nrst three months of the crop year. Last
year Egypt exported 1900 bales in Sep
TENDER; this season but 7,G00 bales. Their
crop Is reported much larger, and the
acreage largely increased. India has
sent 1900 bales against 10000 bales last
season. Their crop is reported also good
II is estimated fully 100000 bales more
American cotton was consumed last year
than would have been had the crop IN
the other parts of the world been as
good on an average. 1t is also estimated
visible and invisible supplies at the be-
ginning of this crop year equalled about
1900, 600 bales.
American spinners' tal1ings in .septem-
Der were much less than September 1894.
European spinners bought very spar
ingly month ago and apparently sold
some futures in our market. Since then
the Nell estimate that the crop Will be
only about 100000 to 100000 bales has
been given out, and has apparently
alarmed spectators who have bought
cotton in all positions and materially
aided in creating the recent advance of
more than So per bale in less than three
weeks, and nearly SIS per bale since
March.
Reports of frost stimulated southern
buying until sentiment seems to have
run away with statistical facts and ig-
ly always the case when the nervous
and impetuous continental Spectator eX-
changes views by cable with planters
who seem to be watching more closely
speculative markets than his cotton
fields. Some cotton factors and specula-
tors have reduced their cnOp estimates
of about 100000 bales down to about
6,75O00O bales, and are specializing in flu
lures accordingly, and apparently ignor-
ing the present large movement into
sight which just now about equals that
of last year. Ii is quite possible visible
supplies Sept. /, 1896, will be as large as
Sept l. 1888. If so, perhaps values are
high enough and may get a setback.
MANY seem TO think this crop will be
the earliest gathered and the shortest
season of picking in a number of years.
Hot weather appears causing bOlls 20
open prematurely and fall off. and may
prevent a, top crop and cause a large
early movement and practically none
ii will likely aid in making the amount
delivered larger in the near future"