The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-09-23
COTTON RECEIPTS PILING UP.
SAVANNAH 1900 BALES AHEAD or
LAST YEAR AT THIS TIME.

Farmers Either Rushing Their Cot
ton 10 Market Early or savannah
i. Drawing From New Territory.
Nearly All of NJ Coming in the
standard BnIe-rhis Years Exports
81 900 Bales Against 10000 BALES
Last Years at This Time.
The attention OF the cotton trade here
and elsewhere is being attracted 90 the
large volume OF cotton at Savannah. ana
the Increase which is shown over last sea
son. since the opening OF the present
season 1855 bales have been received
against. io4.Oes for the corresponding time
last year This means that farmers are
either rushing their cotton 20 market
sooner than they did last year. or that
Savannah r. drawing cotton from new ter
ritory and consequently increasing les re-
ceipts.
fluctuations In the market have been
enough TO open the eyes OF the most con
sentative holders OF cotton. aud cause
them 10 consider seriously whether Il is
best TO hold their cotton for the advances
which are generally expected later on. or
whether they should let go now on the
spasmodic jumps. Bulls who were able
20 enjoy champagne one day have been
forced to be content with beer the next
and the same may be said OF bears who
were forced TO remain out in the rain
that was drenching them fearfully for a
time. Not only have the unnatural gyra-
tons OF the market caused holders OF cot
ton 10 wonder. and to get excited and
rush their holdings TO market for fear OF
lower prices. but the cotton trade Kener-
ally have been awaiting Developments to
find Qua where they are at
The general belief Is that this seasons
crop will turn out short one. The visible
supply OF cotton az the opening OF the new
season was small. which means that spin
ners will require supplies. and will prob
ably want them shortly. II Is true many
mills are closing down, but Il Is thought
enough will continue their operations 20
keep the market fairly free OF accumula-
lions. The declines in the futures market
during the past few days has been atfrib-
uted TO hammering by bears on reports
which we're not very well founded more
than 10 che shutting down OF mills That
these reports are not true in every IN
stance Is East coming 20 light. and conse-
quently they do not exert much influence
on prices.
The exports from Savannah so far this
season have been 1891 bales. against &C.
49, last year. and 3i.i4 year before last.
or this seasons exports. s7.o3s went coast
wise s0,TS5 20 the continent. and 8.3o0 to
France
II Is a matter of interest that only 200
round bales, counted as $50 standard
bales, have been exported 80 far during
the season. This Is less than last year.
Il is said. and would seem TO indicate that
the standard bale Is taking the lead at
Savannah. The improved condition OF the
standard "a by 81 packages received so far
show that the farmers are endeavoring
20 improve upon the lax methods adopted
for some time In the baling OF cotton. The
meaning OF better standard bale, with
better bagging. and properly compressed,
Is that the round bale promoters will have
more serious problems 10 confront In the
future than they have had I'm the past