The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1897-10-27
COTTON eHouLo 60 -tla4sa.
ghe ys>iniu scpo:y oe'y n>a. sGc;-I tc
:hs Go,lS'. !ICni-rdl

.hS - u 70 ''' III -iu'
! TIE New N).;: So s4cS by far the
m"St ia:ereSt.ay -. jno1r: ut rro5
len. cf our present c.,.- in.rr;4i >itu2
;i0u IS tbe sp", nf nIorey ich l.
likely to be re#l zed this 7e&r ffoa the
s&:e Ct " 1nat IS usually GGr most valu
able article 9: txoart, cotton. Alone
smong tie Gre27 staples cotton hes not
advanced IN price. is va}ue, Oh tae
contrary. hss declined cJa:iLuOusle
the Co~nward movement having prs
vsiIe6 for longer lice w;thDuG re-
iier thaa ever b.fcre, aud tie Yr.ce Of
TIE ariiclc DOW resting within three
quarters OF cert a pound Of the low
st figure recorded. Lover prices than
the pcs seLt price have 5een kno W bat
o1ce IN TIE history o. cotton growing,
look for ;he business OF cc-lon maui
featuring IL this country is excellent,
taat tue stocks Of cc.ton goods
On hand have oeen greatly
reduced aud that What IS known as the
statistical position Of cotton is very
strong. The worlds visible supply of
cotton, IS compiled las. week ~ the
FinaL cial Chronicle, wss 763, 079 bales
less than on the same week IL Octc Der,
1895; 994 G46 bales Jess than On the
correspond ding date 1895, and SO7. 576
bales less ttaa IN 1891. As the i nit, &
States produces nearly ali the cotton
II. the world, about six sevenths Of
this deficiency is to De credited to the
American stocks. The decline IL the
price ci cotton has been caused prima-
rily by the belief that the crop which
viii come into sight duri0g The Gotten
year, begun on september l, will be
an enormous one. Il is known that
the land devoted TO cotton growing in
this ceu2try this year is $4,000, 0O0
acrss. an increase OF 1000, 900 acres
over last year. While the weather
conditions have not been entirely Ia.
vorable during the season, they have
peen generally so. Nearly three
fourths OF the crop has been picked,
the operation having been facilitated
by the unusual warmth and dryne:s
Of the fall months, and there IS no
doubt whatever that q very large
amount OF cotton will come upon the
market before September l, 1898. The
estimate Of its quantity now having
the creates: IL fuence upon the trade
is that of NJ. Henry Neili, the head OF
prominent cotton exporting firm in
Liverpool, who has been remarkably
fortunate in his crop estimates for the
Lost two CT three years. Mr.. Neilfs
house is an English one, having
branches in Liverpool and London,
and his estimates have weight with
English buyers of cotton. He declares
that this years crop will be st least
10 800, 600 bales and many run into
something like 11,500,C bales. II
a0y such unprecedented figures are to
bs realized, the present lew price Of
cotton is reasonable. Another de-
pressing Influence equally as great is
tie hard times that have come upon
tie English spinlers, this being due
TO the plague, famine, and financial
troubles IN India and other countries
where the product OF the English
looms is sold. As two thirds OF the
American cotton is sent to Europe,
the condition OF business there has q
much more important bearing on the
price OF cotton Inan does the condition
OF business here. On the ether hand,
while il is certain that the crop will
be g large one, conservative men IN
the cotton trade are skeotical about its
reaching any such vast quantity as
Mr.. Neill predicts. The amount OF
cotton that can be raised from q given
quantity OF lard varies with the char
acter Of the soil. II some bottom
lands OF exceptional fertility il Louis
lana aud Texas bale Of cotton to the
acre can be grown. This is practically
tce maximum amount per acre, the
minimum being very remote from
this. II is esta aolished tnat ths aver
age growth throughout the whole Of
our cotton belt varies between bale
10 two and four teeutns acres and q
bale TO three acres Of land, the first
named figure being that OF a year
when the weather conditions we're IN
itormly favorable assuming that
the &verage rats g production this
year Vii; De the highest on record, a
crop would be gathered Of barely 10,
OAO,OG0 bales. Ellison, . Liverpool
statls:iciaa OF great prestige, 1ho IS a
leading authority on the consumption
OF cotton ard the worlds cotton
stocks, estimates the American crop
this ear at 8, 9,4l0, coo bales, otler e3ti-
mates 0n this side Of the water oaiDe
sro3r 5000 Geo to 10000, 900 bales. II
tie crop meets Mr. NeiIi's expectations
it wi! not cDlV BE- the greatest Of CO.
ton cGops, but viii have been produced
With & Tar greater average yield 10 The
acre than mas b3en saoTn IL the past.
It must De said, also, that tae amount
Of cotioa which has CONS into Signt
duriUg the present year thus far does
not Justify the prophecy of yield OF
from 100000 to 1l,000, coo oales.
Since the beginning CT the cotton year
325, coo fever bales have come into
sigh: than las! yesr IN the same period
wnen tie whole years crop reached
but S 1900 900 bales; though it shouid
be sd5ed that the early movement is
often deceptive, and that the move
ment this year is about squ&l 70 that
of 1924, when $500 900 bales o. cot.
ton, the record crop. was grown.
There is 40 doubt that the government
has been retarded by the yellow fever
quarantining At New Orleans and in
many other southern cities. Frosts
will probably end the yellow fever,
however, within a month from now,
and then if The amount Of cotton COM
ing forward does not increase consid.
erao. y and remain increased, We be
lieve that there will be general dis
credit of Mr.. Neill's estimate. Sooner
or later the lucky crop guessers at the
beginning CT the harvest, whether OF
cotton, wheat, corn, Or any other sta.
pie. whatever their conservatism or
however good their means of forming
au opinion, meet their Waterloo. The
Financial Chronicle, our most accu-
rora ord tr,rst wort " oou1 m ernie NJ, h.