The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1902-11-15

Something About Cotton.

Something About Cotton.
We give below some interesting ex-
tracts from a most-important circu-
lar, discussing the cotton crop, by
f. DeneDger-Bonig, celebrated cotton
dealers, of Havre, France, translated
and commented on by Theo. H. Price,
the great expert of New York.
II the facts are as stated, and there
seems to be every reason to regard
them as correct, we think the cotton
planters and merchants viii do well
to regard them. He says:
New York. Nov. 5, 1902.
In view of much that is being heard
and said I'm regard to the alleged top
crop, and in view, further. of the fact
that killing frost during the autumn
of 1899 did not come until exception
ally late. notwithstanding which the
crop turned out to be under 9A mil
lion bales, think the enclosed trans
latiOn OF n circular issued by Z. De-
gener Boning. of Havre, France, under
date of Oct. "A, may not be uninter-
esting. 1t is amusing to note what
some OF the most enthusiastic advO-
Gates of the top crop theory now and
then said g years ago. In regard to
the admittedly a very short
one-which they then insisted was q
large one. THEODORE II. PRICE.
TRANSLATION OF COTTON CIRCULAR.
Since the publication OF the last
Washington report the weather has
been mOrefavOrable to the crop. The
III - 20, kac ,<<< 1xv
the crop from irremediable disaster,
but has to a certain degree modified
the damage previously announced by
the Washington report. At present
10, go, 600 bales would be a cOnServa-
tive and at the same time a reaSOna-
bic estimate. Thanks to the relative
ly high temperature throughout this
month of October, the crop has i'm
proved slightly, and willingly aban-
don my lower estimates OF from 81
to 81 million bales, the realization OF
which would have led to the forced
closing down OF a great number OF
spinners. But to pretend that all Ia
of being small will be large, would be
ridiculous. and l greatly fear that the
bears will shortly have a disagreed
BILE awakening. The crop ia not made
In October, but In July and August,
and it is rare that plant will show
| fresh growth In October when 1t has
suffered as much as 1t has this year
i'm August and September.
The actual movement, which will
not exceed for the month OF October
100000 bales, Bales.
against $4,000 in 1901 crop 10, ese 900
2.154.oo0 1900 10.425. 600
should furnish subject for reflection
on the part of those predicting crop
of liz million bales. What can be
the cause of this exceptionally feeble
movement of the present crop In Oc-
| tober II it be not a small production?
Is the crop late? No, 1t is early. The
weather Is dry and the roads COM
paratively good. The outlook for the
American consumption Ia stronger
than ever, the European exports are
enormous. the prices obtained by the
planters are most satisfactory.
Common sense should suffice to con-
vince us, under these circumstances.
therefore, that only a small produc-
ton can explain the moderate move
ment. There is nothing left. Every
one having sold out of hand, a desire
to see a decline causes a disregard OF
the warnings given by Mr.. Theodore
III. Price and the Washington Bureau,
Just as in 1892 For, be it remarked,
all that is now happening is a pre-
else repetltion OF OctoDer' 1872.
perusai Oh the caDies Win wnicn
American ana Engiish auIhorlties
nonored us IN OCTOBER ana November
1879, Is as amusing as IL is instruct
I've. Inc ioliowlng are some Oh the
most characteristic:
Oct ~. FavoraDie outlook lor the
top crop; higher estimates VIII soon
lead TO decline.
Oct "a. Messrs. Neiii Dros. Oh Lon
don puDllsn the lOliOWlnS telegram