The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-01

Der I. 1895. would he a. large az that
ending August 81. 1895. and therefore
leave \ surplus 90 be carried over nv
tho season following OF Sucn siHs -
10 leave but little. II any, n,oo,p.seo,lcnce
upward turn in prices OF any 90, ,or a
FOR twelve months. and perhaps LOT
longer period. .h,, frenuent-
THAT il is the unexpected may ,u,,,,sttatinn
" hapnens has had no better W. aor,y
Than what took place during W. -
S I. - Iniv We venture 10 say th1t AZ
no Tina during the history OF cotton na
there ever been such r'niSan 1911
in crop prospects during th1. ,,ySi' rr.
The cotton world was. ia .ii -, -,
Willing to believe the first r'rorts - ="
cron damage OF any very serious Vn',n.s
ter and after December cVntIs'.S -, ~
declined here to GO ana o,ne, -, the,
rciatively) with the expectation that my
would still further recede lie or n"t''
The innprovem emit from that price b.al ~
vcloped was thought To be only 'eilp"-
rary. and sellers az lower nsuiss Yin
aged their sales on the advance. Wi MN
tLa result that bv the time January con-
tracts had reached q Bic. TO &C. ne
ehort interest had ACCUMULATED ~ t"'e
market Liverpool ana NV W ,,r,h.,
such proportions as 10 man" "a
innroy eu;cnt one easily esthphsnen, A..
About the end OF July II was feIt tna'
the Government report TOT va
to be published August lV,n, , wV srS',n
a material less IN crop condl,lphs li',n
those at end Of June, but az the ufoIgnt
and unusual heat that had brought ABOUT
rhe first advance was still coHuhnuls
when the bureau made its aui ,'ss 4, he,
showing a loss OF twelve points, pc
came evident that further detefiotatpn
would be reported for Aug 81 ny nus
Government on Septembo. lVen, anu ,H's,
together with crop accounts q 'io ,nos'
adverse character from private sources
confirmed by the weekly Governineh.
statement. brought In large buying orders
Tor long and short account, win ,he re-
suit that by the 20 instant January Soh
tracts sold here at $50; gam " a"oa,
what proved TO have been ne hlHheat
thus far this season. tele8raihs were -
ceived advising showers IN I"Ats " -,
fion of the Gotten belt whore rams We're
most needed with prospects OF more, anu
"a decline began which has ,Ontinl ~ sine.
then with few lnterrupu)ns dnui' at
this writing 9th Instant Dri rs are pe-
low the top Of Saturday last - points CT
So per bale.
That the cotton market IS very sensitive
~ meteorological conditions ilns recent
experience has shown. Drought ana hisn
tcmpera iure had advanced pfi'es -
points i'm thirty-eight days, but general
rains for forty-Cght hours. when many
claim have brought more injury MAN
benefit caused n decline. above mehuch'u,
I'm tho space OF five days.
w. are now practically m the threshold
OF another season. with prolahiliie5 on
unusual activity in tho cotton market,
in asn,rch as the interest here particularly
il very large. thus promising continued
and perhaps extreme fluctuations. ire
causes likely 10 produce these CONDITIONS
are. crop i'm prospect OF nodtrtte riN-
5000 600 perhaps more probably lesl
following one of Z 10000 but a. tho same
time IL is evident that receipts Tor sop
tember will be the largest on record.
Then again. the political uncertainties OF
tho next two months TO bee followed ny
greater depression than now exists or "a
marked revival IN business gene raiit, dc.
cOr!ing as one party or the other shan
Dee successful In NOvember, VIII shave
much tc do i'm influencing the course "
prices whether the crop be larger or
small'~ than the figure We nave hamel
as the average estimate.
IN would seem that more than the usu'l
number OF features heretofore Erecting
cotton prices will likely develop during
the next twelve months. n the South rs
correct Don ITS estin gto Of crop damage 10
date. and should the results OF the pi~,i-
DENTAL election DE such IS 10 ensure "a
re-estahl,slmeut Of confidence among The
commercial and Industrial classes OF these
United States. there should be ara advance
i'm the price OF cotton from tho present
level Sufficient 10 bring about a higher
record than that OF the I'D ms ant.
Tho current crop promises '-Op.Npp
against 1901 .ZJl last yeap. perhaps lit
tle more but about l,J,uOo bales Of Il Is
cotton that by an unusually early open
ing has been credited 10 "a season 10 which
IL did not properly belong.
ATWOOD. VIOLET co.