New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-14
THE COTTON ACREAGE PROBLEM

FEARS THAT THE RISE N PRICES MAY CAUSE
PLANTERS TO TRY FOR ANOTHER BIG CROP
The fear that the recent sharp rally in the price
OF cotton may cause southern planters TO forget
their resolutions and plant fun acreage this spring
oppressed the cotton markets in this city. New
Orleans and Liverpool Yesterday. The British mar
ket opening first under the influence Of Southern
advices that the rise if carried further might re-
suit in nd reduction of acreage. naturally Jed the
WAY But spectators were nervous and fluctuations
rapid Opening at 10 points decline, quotations
on the New-York Exchange rose at one time above
the highest Of Tuesday. May selling at jsj. or %
points above the lowest. But the close steady
at a net decline of to points for the day. some
OF the weakness was due 70 the taking OF profits.
There was less talk OF Inmcn's corner in the May
option, but the nervousness Of shorts in May was
not diminished.
Manchester spnners again took 12Coo bales. Mr..
Ellison, the European authority reports that Brit
.sh and Continental mills are consuming weekly
1900 bales. or about 500 bales week more than
last year.
\ sale of 1850 cases OF cotton goods made
Yesterday by the Pepperl Mills the Chinese Gov
ernrnent ana this helped 10 sustain prices Tor
awhile
Proctor D. Lane. president OF the American Cot
ton Growers Protective Association. has issued an
address calling the attention Of the cotton
In the South ITO the strategic movement being
made by cotton manpulators 70 deiude them INTO
the suicidal act Of planting again large acreage
in cotton" He SAYS that uneasiness has been felt
in Liverpool for some time in reference 10 de-
creased acreage and that men who have rep
resented the bear element FOR many months whie
cotton was moving in large volume are now run
ming values up simply a device 10 induce the
farmer to plant more cotton than possibly he IN
tended and that the price Of the lest few days -
purely fictitious.
Z. b. Cuthbert & Co.. OF No. Exchange Court.
write as follows:
our travelling represe NATIVE, h. a. Keeling. for
merry secretary Of the Memphis Cotton Exchange.
who has just returned from an extensive TRIP
throughout the cotton belt. makes the following
port OF MS observations and Information III TeSdi i
20 the cotton situation.
81 have Just returned from trip through IN"
South Via ST Louis 10 Memphis ana New-Drleans.
end thence through Alabama ana Georgia and
South Carolina. To my great surprise found large
quantities Of cotton IN the interior all through the
platforms fun of cotton. Receipts at all towns.
although much smaller than thirty days ago, are
constant and keep swelling the movement. and
merchants generally report more cotton yet the
plantations TO forward. The OF fertilizers
FOR the coming is beyond question only
Is per cent OF last year. but my Information Is that
the cotton lands will De planted in cotton without
the use OF the fertilizers. reducing PRODUCTION.
OF the said lands % per cont.
There IS doubt there VIII be some decrease n
acreage. From Iny observations / am convinced 1,
will not amount - more than 10 per cent In the
SECTIONS which l visited. bat IL The present al
vance In the price % the staple IS maintained
am satisfied the decrease VIII not amount 10 as
much as 70 ;rcr cent. the advance viii certainly
inspire farmers 10 plant hberaliT.'