Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1900-12-27
EXPECT MUCH HIGHER PRICES.

1ne l9Ol Doom Is eXpect6u 10 mhteI
lalize shortly after the opening of bust
hess ON January 2, 1901, when it is pre-
dicted that all previous records will be
broken IN the matter of activity and
enhanced values.
All the commodities, if predictions
come true, will participate.
Cotton should lead on account of the
shortness of the present crop, which,
should it reach outside estimates, or
10, 100000 bales, will, with the pre-
dicted increase in activity in business
circles, fall short of the worlds requir-
ments, estimated at 10, $50, 600 bales by
Ellison, of Liverpool, who Is as apt to
underestimate the world requirements
as our agricultural department is to
underestimate the seasons yield of cot
ton as 1T invariably does, or has hereto
fore done on account of not being
thoroughly prepared to give correct
figures in previous seasons as it has
been this season.
The governments figures are gener-
ally accepted by the trade as correct,
on account of the thorough manner in
which the cotton belt was canvassed,
and 10, 100000, it is thought, will not
miss the yield very far either way.
The friends of cotton predict much
higher prices for cotton before this
season closes on It's statistical position,
and claim there VIII be wild scramble
for the actual article before new cot
ton can be marketed
| AS bearing on the statistical position
the following will prove interesting.
The facts and figures are furnished by
one of New York's best posted firms:
Omitted States exports of cotton for
the twelve months ending August 31st
last, were, IN round figures, 5000, 600
bales.
''The total exports for the season
ending August 81, 1899, were in round
figures :, 100000 or 1, 400, 900 more than
were the exports for the past season.
"Of course, this was for two reasons:
Prices higher, and the supply 1850,
900 bales smaller of American cotton in
1899 than IN 1898.
Exports from September 1st to De-
cember IA, 1900, were 2,806, 676 bales.
1t is fair to presume that the total ex-
ports for the present season will equal
those of last year, or 6, 100000 bales.
I'm that event exports from Deem
Der IA, 1900, to August 81, 1901, must
be as much as 3, 200, 600 bales, against
exports from December IA, 1899, to An
gust 81, 1900, of $500, 900 bales.
'It is the knowledge of the require
ments of Europe, Asia, Africa, Canada
and Mexico for the remaining eight
and one-half months of the present cot
ton season which is making the south
ern spot owner so tenacious of his
holdings.
ION December 14th last year the
stocks of American on the continent
and Liverpool were 403, 900 bales
greater than same date this year, not
withstanding excess of exports to De-
cember 14th over last year, to same
date, of 528, 900 bales. This shows that
our exports have gone to spinners.
''If we take the excess of exports and
add to it the deficit of American in
European stocks, as compared with
last year, it is found that Europe has
taken 931, 600 bales in excess of their
taking during the same three and one
half months in 1899.
F'But even then the cotton spinning
world, outside the United States, will
still require from us nearly 3, 125, 900
bales during the remainder of this
season.
There must come into sight from
the 14th instant to August 81 next, 3,
100000 bales to make this crop 10000,
600 bales.
Therefore, to give all the other
parts of the world over 1920, 600 bales,
as we must, to equal last years exports,
after December 14th, there would be
left only 1, 100,OOO bales for domestic
spinners, for the last eight and one
half months of this season.
Apparently either our own or for