The people's journal. (Pickens, S.C.) 1891-1903, 1902-11-12
COTTON.,
Some Past II story.

ing frost during the autumn of 1899
did not come until exceptionally late,
nOtwiths tanding which the crop turn
ed out to be under nine and one-half
million bales, | think the enclosed
translation of circular issued by Mr..
+. Dcgencr-Bonng, OF IInvrc, France,
under date of October 2lth, may not
be unintercSting. 1t is amusing to
note what some OF the most cntIhusi-
aStic advocates of thr top crop theory
now and then said three years ago in
regard to the rrop-admitlcdly Il very
short onc--which they then insisted
was large one. Theodore II. Price.
(TranSlaii ion.)
COTTON.
Since the publication of the last
aShington report the weather has
Jccn more Favorable to the croD. The
absence Of frost has moi only saved
che crop from an irrcmrdiablr disas
| GER, but has to Il certain degree modi-
ne. the damages previously anno,Iuc.
, ed by the Washington report and b>
MIR. Theodore ii. Price. Ec!irvc that
at present 10,25O.OOO bales would be
conservative and at the same time
| reasonable estimate. | note with
pleasure that, thanks to the relative.
| ~ high temperature throughout thi,
month OF October the ".:op has slight.
~ improved, and | ~G.ingly abandon
my lower estimates ~ from 9 ii L.
81 million bales. the realization oJ
which would have led to The forcco
closing down Of Il great number of
SplnhcrS. But to pretend that all /,
changed. and that the crop instead of
being small will DE large, would b,.
ridiculous, and | greatly fear that tn:
bears will shortly have a disaurrcabli.
awakening.
lhc crop is not made in October.
Gut in july and August, and it is rare
that plant will show Il fresh growth
IN October when it has suffered as
much us it has done this year in An.
gust and September.
The actual movement. which will
not exceed for the month of Ortobrr
-, 500. 900 bales
against 2,l7000o bales in 1901. crop
lO,GSO,O00 bales
against 2,I5l 90 bales in 1900 crop
10.i23, 900 bales
against l.743,OOO bales in 1899 crop
9.l22 900 bales
should furnish subject for reflection
on the part Of those predicting Il crop
Of II 1-2 billion bales. What can he
the cause. Of this exceptionally feeble
movement of the present crop in Oc-
tohrr, If il be not Il small produc-
h"n' Is the crop late? No, it is
early. The weather is dry and the
roads comparatively good. The out
!ook for the American CONSUMPTION
Is stronger than ever. the Eur0pcan
exports are enormous. the prices OBJ
famed by the planters are most sat
= .fartOry.
Common sense should suffice to con.
N Il.
thcrc 'orc. that only small Droduc-
lion can explain the moderate move
nent.
Iherc is nothing lrf. Everyone
having sold out Of hand. Il desire to
zee decline causes Il disregard of
ne warnings given by Mr. Theodore
II. Price and the WaShinbtun Burcnu.
lnSt rs in 1899. For, he il remarked.
al that is now happening is Il pre-
Use repetition of Oriohrr 1880.
pHru*al Of til" cables with which
\mrrI"tn end En@i>h "nuthnri,ics''
honnrrd u# in Orto3vr and Novcm.
hey. 1899. is as amusing as il is in.
Siructirr. The following are some of
the most characteristic:
i 10 October. Henry Nrin: Weather
continues favorable to picking, ana
, to thc top crop.
20 October. Rid. Sirdcnburg: rav-
orablr outlook for the toD crop.
higher estimates Of the crop will
soon lead to Il decline.
Mnhr Ilanrmann cable in the same
spirit
Price. Mccormick & co. cable. that
the crop is very small. about 0 mil
ion bales.
II. l!rnlz d. Co.: Picking progresses
!Irnr#hir.
- October. Rad. SicIcndburg: Top
crop improves day by day.
~ october. McSSrs. Ncill Bros. of
London publish the following tclc-
gram from Henry Ncill Weather
continues most favorable. | daily re-
celve strong proofs of the correct
ness OF my estimate of II million
DaicS' which fully confirm. The
ready for pcking."
81 October. Rhd Sicdrmburr: Crop
auvircs continue to be good: the cur
rent estimates of the crop GO l-o mil
honS) are entirely too low
November l. MesSrS. Ncil Bros. Of
London publish the following cable
from Henry Ncil: Favorable weather
| throughout the States. Receipts de-
layed by planters holding back their
cotton and by absence of demand for
eNportation. | once more confirm my
|
November o. The Bulletin tl, cor
rcspondencc du IIavrc writes: "It
may be said that no one regards the
present receipts as a true and exact
evidence Of the real size Of the crop.
IN fact, in spite of all the cables re-
celyed from Messrs. Price, Mccormick
No., indications are not lacking to
prove that cotton is being held back"
, November 10. The Washington
Bureau estimates the crop at no
more than 100000 bales.
lhls Official report is ironically met
hy n decline of 20 points in America!
November If. Cable from Henry
M: oelll: The Present small receipts
ahord no reason for reducing NV est
innate: ] confirm my total of ii ,OOO,-
600 minimum. Weather continues cy-
cellent for picking.
November Is. a surprise. The
Washington Bureau publishes n sup.
Elementary report saying that the |
maximum crop will be 0 1-2 and NAV
possibly be lower than million |
bales.