The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1895-09-05
HESTER'S COMPLETE REPORT
OF THE BIG COTTON CROP OF
1s94-95, ISSUED LAST NIGHT.
MORE THAN HALF OF THE GAIN
WAS IN TENAS.
Average Commercial Value $50 Per Bale
Farmers Themselves Were the Chief
Factors i'm Depressing Values.
About Southern Spindles.

New Orleans, Sept. 3.-Secretary lies
ter's report on the COTTON crop was issued
in full Tonight. After estimating THe
cotton crop for 1S94-5 ait 9,901 Pol bales,
an excess of o,351, 434 over last year, he
saws that more than half the gain was
in Texas. including the Indian Territory
The increase in the crop of Atlantic States
consisting of Alabama, Georgia, tuorlda
and North and South Carolina, having
been 35O,049 and in the gulf States, IN
Guiding Aransas,, Louisiana. Mississippi
and Tennessee, 7S4, 5S7 Mr.. Hester puts
the average commercial value of the
crop ait $50 per bale, against $3.50 last
wear. and $3.50 in 1928, and the total
value S297 ,O3S,000, against $263, 1lS,Ooo
last year, and $2S4, 766, 600 THE year be-
fore.
He says THAT we have obtained for the
past crop 81, $4,000 less than was brought
by the 9,3O5, 900 crop in 1897, although
we marketed S35,S72 bales more than
that year. He claims that while uhe
financial depression has much to do with
II. the farmers themselves were the
chief factors in depressing values 10 uhe
extreme Limit by rushing their proGucl
ito the market, THAT for the hrst lMl l,,
in history cotton planters became pearS
and the talk on early September phlollsnil,
ont the interior about D cents per pouilu
and under bore it's Legitimate results
that even the field hands were lmpreSnat-
ed with THE low price scare: On the
other hand, spinners bought largely oi
cheaD cotton. resulting in an actlVe ahu
nr-iflta,ble season for them.
He reports the total spindles In the
South at BIT 900, an increase over last
Eoor of G73.OOO. These include 55S
Snindlas not complete, many OF whlcn
viii be brought into play early this RAIL
and winter. ,,,,,r-
tion of Southern mills the coming year,
mentioned in yesterdays dispatch, he
states that the actual capacity OF the
Southern spindles, old, idle. and new, un,
completed, would be over 100000, and
therefore it is not unreasonable to as
sumo that during the season Just COM
menced. with anything like fair trade,
they will need about 1,OOOOO0 bales
The gain in number of Southern mills
over last year has been Is, making the
total number now 435, and the consump-
ton has been divided as follows: Aia-
hanna, 66.92S bales, an increase Of u
3}36: Arkansas. 2240, an increase of 1O42;
Georgia, 206,11S, an increase of 39,S36;
Kentucky, 81, 1893, an increase of l0S9;
Louisiana, 1862, an increase OF 3l23;
Mississippi, 1887, an increase OF lI16;
Missouri, 2401, an increase of 1000;
North Carolina. 226,7S2 an increase of
52.415; South Carolina, 227,967, an in
crease of 1S.459; Tennessee, 31.127, an
increase of 229S; Virginia, 81, S3333, an i'm
crease of 4116; Texas, 12,420, an increase
of 229S.
Total Southern consumption, S62,S3S
bales, an increase of IA, 1913 bales.
The statement contains important STA
tistics showing the course of Southern
for the past 30 years and
the taking of Northern and Southern
mills for forty-fve years. The average
per spindle South during
the past year is stated at 164 45-1OO
pounds, against lat 60-1O0 pounds last
year, and 100 31-100 year before last.
In relation to American mills, Mr..
Hester says that notwithstanding the
outlook at the commence
ment, they have had a very favorable
year, the combined takings North and
South having amounted to
8, 947 900 bales, an increase of 627 900
bales over last year and $4,000 over
the year before last.
He says that through their heavy pur-
chases of cheap cotton mills taking
North, South and Canada have for the
first time in the history of the trade
passed the 100000 mark.