The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-08-11
DIFFER FROM THE BUREAU.
COTTON MEN DO NOT ACCEPT THE
WEATHER PEOPLES BULLETIN.

They Insist the Condition of the
Crop Is Superior to what the
Monthly Report shows-The Re-
port, Nevertheless. Had n BulIish
Effect on PriceS-COttOn Men in
Savannah Say That, Instead of n
Gain of 4 Per Cent. Since the Last
Report, the Bulletin Should Have
shown a Gain of 10 Per Cent-Chi-
ma and Its Troubles Exerting an
Influence Upon Prices.
The monthly bulletin of the Weather
Bureau did not accord very we'll with the
views Of the cotton men on the Bay. 1t
appeared yesterday, but it was repudiated
by practically all the factors as thorough
ly out of accord with the reports they have
received of the cotton crop. Their re-
ports, as a rule, do not cover very wide
section, being confined principally to Geor-
gia and Alabama, but those of some Of
the dealers in the staple are supplemented
by advices from other sections.
Instead of the advance of one point in
the crop condition that was shown by
the bulletin. the majority of the cotton
men declared it should have been at least
ten points. They based this view not
only upon the crop as they know it in
Georgia. but upon the reports received
from other leading cotton sections. In
Georgia the conditions have improved
greatly within the last month, the rains
that were so excessive in some sections
having held up, and other sections which
needed rain having received it. In Mis-
sissippi and Louisiana, a broker declared
the conditions have also improved while
it was made quite clear to him on a trip
he made recently through North and
South Carolina that the crop in those
states is in excellent way. The plant he
observed, was vigorous and we'd fruited
and gave every indication of yielding
splendidly
This gentleman believes the crop should
easily turn out 10, 500 0O0 bales. The wealth
er bureaus report caused a bullish move
ment, and the gentleman believes IL will
continue for. possibly. the month of Au-
gust to be followed by a slight decline
i'll September. He believes it quite pos
sioie that the price will run above zen
cents, though, he has little faith in the
hope entertained by some, that it will
reach II or IL.
Had the trouble in China not interviewed
the gentleman Is confident that the high
prices mentioned would have prevailed
this season. China. though, he declared
uses annually something like a million or
more bales, both in raw material and
manufactured goods, and to have such a
held of consumption shut out, will nat
urally counterfeit the rise expected. The
Southern mills have been selling to con-
siderable extent to China, and the tate of
affairs there has resulted in some of these
mills cutting down their production.
Prices on manufactured cotton goods
the gentleman continued, have also taken
| a downward turn because of the troubles
in the Orient. The prices of the raw ma
! terial and that of the manufactured pro-
duct do not balance we'll, and some of the
mills have sold cotton in order to unload
| They hope to get the staple cheaper by
the time the demand for the goods has
again driven up their prices. That they
| think, will be when there has been a ces-
| sation to the troubles that are now rife
in China.
We're it not for this uprising in China
the conditions, cotton men say, are just
suitable for a considerable advance in
prices. Liverpoors shortage is great and
that would, in itself, exert a strong up
ward tendency AS it is, though farmers
may, with a reasonable degree of certain
ty, count upon good prices for their cot
ton.
The broker referred to says the crop is
earlier this year than last. The farme RS
Seem to be rushing to get advantage of
the prices that now prevail. BY Sept
ii is probable that 10000 ta,es of the new
crop will have been marketed.
Tonnage will be higher than last year
This is due to SO many of the tramp
steamers having been engaged by various
governments for service as transports
They are needed for carrying troops or
supplies to China. 1t seems possible that
not enough ships for the rapid export of
the crop can be secured