The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-09-07


the end OF january savannah was TMc
Liverpool itsd.. March Tree. May SCI There
was some pretty free selling Of new crop
months on the basis OF Tc 30 7 i0c for Oc-
iober largely by fertilizer people, who
considered that price a very favorable
one.
February started strong. and by FEB. ..
March had reached abous SOC May sac
Savannah sac. Liverpool 3-s2d. After a
reaction. che upturn took on new lie.
and on March !. May was 9.25c. savannah
i-iec New crop months were found
ovcrsold and shorts rushed 20 cover
carrying October up TO 8 csc. Al this time
nuctua ions were violent. md trading
Vas on an enormous scale. On March 9
May had advanced 20 9.66c, and IN two
DAYS fell back under heavy realizing 10
sac. Al che end OF March. May was
92oc. savannah CSC. New York sasc, Liv-
erpooi. 5isd
Fluctuations were narrower In april
prices making a small further improve
ment, but during May the market ruled
very weak. the month ending at nearly
the lowest. August S05o. October Use. sa-
vannah e.. Liverpool i5-i6d. The low
poins OF this break was on Jan. 6. wncn
August went 10 &C.
Builish influences now again assumed
the supremacy: the crop was
having very bad start. ana
was unprecedentedly late. More
over. well developed squeeze was
manifest IN New Orleans ana also threat
ened IN New York. Before the end OF
June August was again above s.5oc. octo-
Der s.6oc. High point OF the movement
was reached July O. August. 9s7c Octo-
Der. soc. July was quoted as high as
1871 G. Savannah. s7sc; Liverpool. 6 i-I6d
ana New York. i0iac. This proved TO be
the eliminating point Of the year. except
Tor New Orleans. where the local squeeze
Va July was held through 20 the end OF
the month.
sharp break followed. with violent
changes. Thus on July II August was
sSc, october. SIS. and on July a August
had recovered 10 ai0c. October sec. I'M
proving crop reports caused renewed
weakness until early in August. when Au-
gust went down to S50c, October below
SC The bureau report on Aug. 10 was
much less favorable than had been ex-
pedted. aud helped 10 stimulate the mar
ket again. especially for the new crop
months. October reaching sec on Aug. 81
some tendency TO weakness during the
latter part OF the month has been checked
by the slow movement OF new cotton, Of
which port receipts for the month are less
than O.ct0 bales.
After sundry minor fluctuations the FINAL
quotations are: August. &c; October
aase' savannah. &c; New York. sAd, Liv-
srpool 23-3ed
The very high prices Of spot cotton dur
ing tho spring and summer months had
the natural effect OF drawing to market
cotton from every nook and Granny IN
the South. The result Is that the total
crop for the year appears several hundred
thousand bales larger than II should have
been for the growth OF the year could
scarcely have exceeded 9.000O00 bales An
other result Is that there r. probably less
old cotton In the country now than ever
known before; u has been practically
cleaned up
The New Crop.
Before the planting season there was a
very general impression that the acreage
would be largely increased owing TO the
more remunerative range of prices. Much
strength was impaired 10 this Idea by the
great increase IN sales OF fertilizers.
amounting TO something like 80 per cent.
No doubt this expectation would have
been realized had ruling conditions been
favorable but the contrary was the case.
For preparing the ground and planting
the seed. the season In most sections ap-
peers 10 have been about the worst
known. Long continued rains everywhere.
accompauled by disastrous floods and
overfiows In Texas and the Mississippi val
ley kept planting work delayed 10 such
an extent that the start was the latest
on record. Such being the case. naturally
II was impracticable to plant as much as
had been originally contemplated, espe-
cially as the greater amount OF work TO
be done necessitated a larger supply OF
labor than was available.
In some sections much difficulty was ex-
perienced In securing proper stands. re-
Ieated replantings being required where
seed had rottsd or besn washed away.
This state Of affairs continued for some
time. causing harmful delay in giving the
fields early workings. Hence. the grass
ana weeds which flourish luxuriantly
amid superintendent moisture. grew faster
than the cotton. and IL was q fiicult task
to keep the fields clean. In some cases It
was impossible. and the over-run fields
had 20 be abandoned.
when the usual acreage estimates were
announced the increase was stated 20 be
much less than had been anticipated. the
most approved authorities putting the
gain somewhere about per cent. whereas
AZ the beginning Of the year about % per
cent. hed been looked for.
Unfavorahle conditions prevailed all
through June. and the bureau report on
July 10 gave the lowest average on record
for that month The outlook was felt 10
be very gloomy. almost hopelessly so.
but for the consideration that the lateness
OF the crop would render u more suscep-
tible 20 subsequent improvement. than
might ordinarily be the case.
During July, weather conditions were
exceptionally favorable: planters we're able
10 do all necessary work, and warm suns,
without excessive heat. stimulated rapid
growth. Reports of marked Improvement
were universal. and the bureau was con-
fidently expected 10 reflect the same In a
substantial advance in the condition fg-
ures. The bureau on Aug. 10. however,
gave practically an unchanged average.
despite the known ameiiorated conditions;
from which one must needs infer that the
already very low July condition should
by rights have been stlll lower. Either
that. or the August figure should have
bceu higher.
During August. conditions and reports
have been mixed TO the utmost confusion.
with an undoubted preponderance in Ia
vor OF a less promising outlook. Drought
Is said to have worked great injury In
Georgia and the Carolinas. while rust.
shedding and insects have wrought de-
structlon Ia Texas. Probably no such va
ried and conflicting accounts have ever
been received before. good and bad re-
ports coming from adjoining localities.
For purposes OF comparison. the bureau
condition Tor July August and September
for the past three years Is appended:
1895 1890. 1900
July ........ ............. M.2 SIS 1913