Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1900-09-23
THIN COTTON CROP.
Il Is Estimated i, viii Re at Least
Nine Million Bales.
VALUE Is UNEQUALED

+ Put Down al si55,OOO,OO0.
Next Largest Was 1896.
Railroads Are building.
Baltimore. Sept. 22.-Bankers In the
country towns Of the south come In close
contact with their local agricultural. In.
dustrinl aud business interests and are
IN position. therefore. 70 judge accu.
rately Of those conditions and 10 reflect
the sentiment Of their respective com.
munitles Recognizing that fact and /
believing that just at present conditions I
are most interesting in the south. The I
Manufacturers Record recently sent a |
letter 10 bank Ia every county seat in /
the south asking for information a. 10
present facts and as 10 the outlook for /
fall aud winter
In reply many letters have been re-
ceived and are published In this weeks
issue. The majority Of them. coming
from the cottongrowing sections. point
ont that while the crops short. the very
high prices now prevailing will more
than offset the small crop aud give 10
the farmers greater profits on cotton
than for many years. Some Of the let
tets from other portions Of the south
are less hopeful by reason Of the small
corn crop due 10 the severe drouth.
. In connection with the cotton stuA.
tion. IL seems probable that the crop viii
b. a. least 5000. 600 bales, and possibly
more. though some able experts antici.
pate that the yield will be considerably
less than this. Even should the crop
a reach 9.5OO.0O bales. the great shortage
In the world supply will probably main.
tain prices a. not much below the pres.
ent level Of about 20 cents pound. or,
roughly speaking, say go bale, and II
II should fall below this figure prioes
ought 20 correspondingly advance.
On the basis Of 100000 bales, this
i would give a valuation % 10000 900.
4 which would be- the most valuable cot.
1 ton crop raised IN this country. That Of
1860 raised just after the close of the
war. when cotton was commanding an
average Of nearly $500 bale and when
the crop was 100000 bales. yielded
esq, 900, 900. and the next was the crop
4 lb90.gl Of $4,000 bales. which was
worth $3.50. $4,000
n The average value Of the cotton crop
Of the six years from issS-s4 10 is9S-sa
was 500. 10000. the lowest in that pc.
= Rod being t2s2. 100000 for the crop Of
= is9s.g9. which was ii.2si.O 100 bales
Il Last years crop of .. 10000 bales yiell,
.e ed kSsS. 900. 600. or tsl 600, 900 more than
n the preceding crop. On the basis Of q
l. possible valuation Of Si75, 900, 400 for thi,
m years crop. the difference TO the south
= ~ compared with the crop Of ls0s.9a
would b. over sl90,OOO.OOO.
. Taking last years crop and this croT
together. and the total valuation on the
basis Of an estimate q si75, 900, 900 for
this years will b. sS3s 100000 for th,
two years. against S6O2 900, 900 for th,
two preceding years. showing a differ
ence in favor u the cotton planters Of
the south Of s236 OO0, 900 for two small
'h crops against the two preceding crops.
y each Of which exceeded n ,OO).OO0 bales.
'l IL l.. of course. possible that the yield
'e will not only fall below Q, 10000. but II
l' this should b. true. the price would
~ probably advance 10 point sufficient q
make up the difference. But even with
r 100000 bales at the present selling
ie price Of ESQ bale, the value would b
e. $50, 900. 900. which would still DO tn,
n most valuable cotton crop which thu
Il south ever produced.
With a probable valuation Of s45O. 900
n. 900 thiagear and possibly still highe
II value. the south will be In better fnAn
r. cial shape than for many years.
M In ls9O.9l crop Of s.65O,OC0 bales
r. the average price per pound Of middlnl
uplAnds in Ny York for the year beinI
h.. eos cents, brought $3.50, 90. an
!, from this figure there was tapid de
cline 20 t2sl, 900. OOc In 1929.
One Of the indications Of changed con
IT. ditions in the south Is activity In rail
road building. While this is general Ii
ia nearly all southern states, II is particu
". larly marked In Texas and Alabama
.or both Of which promises 10 make record
during this year
A. In Texas the Southern Pacific has Il
no several contracts representing more tina
ca 100 mileage, and the International an
al Great Northern company. the Gulf. %
orado and Santa Fe, the Missouri, Kar
odd sas and Texas. the Cane Belt and IN
Q, Houston and Texas Central railroad
n. have extensions planned
I" In Alabama the Louisville aud Nast
Vile, the southern, the Central of Geo.
MA .a. a.. AI.b.t.,. .vN W.t.ttt d.. "a