The people's journal. (Pickens, S.C.) 1891-1903, 1902-11-12
COTTON,
Some Past II story.
New. York. Nov. s, 1870

view, 1urthcr, or I.lr TACT lnat Kill |
ing frost during the autumn Of 1899
did not come until exceptionally late,
Notwithstanding which the crop turn
ed out to be under Hinc and onc-half
million bales, | think the enclosed
translation of Il circular issued by Mr..
+. Degener-Boning. OF IInvrc, France,
under date of Oct obcr 2:th, may not
be uninteresting. II is amusing to
note what some of the most cnthusi-
aStic advocates of the top crop theory
now and then said three years ago in
regard to the rrop-~admittcdly very
short onc-which they thcn insisted
was Il large one. Theodore II. Price.
(TranSla1ion.)
COTTON.
Since the publication of the last
Washington report the weather has
1een more favorable to the crop. The
ABSENCE OF frost has not only saved
| tnc crop from an irrcmr,li;rblr diSas
| Ter, but has to Il certain degree modi-
ne. the damages previously anno,nc.
, ed by the Washington report and b\
Mr.. Theodore Ii. Price. Eclirvc that
at present l0,25O.O0 bales would be
q conservative and at the same tim.
Il reasonable estimate. | note with
| pleasure that, thanks tO the relative.
~ high temperature throughout this
month OF October the "rop has slight
y improved, and | "E:inngiy abandon
y ia million bales. the rraliult ion of
which would have led to the forccu
closing down Of Il great number of
SplhherS. But to pretend that all i,
changed, and that the crop instead of
being small will br large, would be
ridiculous, and | greatly fear that th:
bears will shortly have Il disagreed
awakening.
The crop is not made in Oct obcr.
cut in July and August, and it is rare
that plant will show Il fresh growth
in October when il has suffered as
much us it has done this wear i'm An.
; gust and September.
The actual movement. which will
not exceed for the month of October
i, SOC, 900 bales
against 2,l70,00o bales in 1901, crop
10,GSO.0O0 bales
against 2,l5l.OOO bales i'm 1900 crop
10.I25 900 bales
against l,743,00O bales in 1899 crop
, 49,. 900 bales
, should furnish subject for reflection
on the part of those predicting a crop
OF II - billion bales What con he
movement of the present crop i'm Oc-
toher. if it 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 E,Iropcan
Exports are enormous, the prices Oh.
tanned by the planters are most sat.
SfactOry.
| ..l,
.lncc us, under these circumstances
therefore. that only small produc-
non can explain the moderate move
ncnt.
Thcrc is nothing left. Everyone
having sold out of hand. Il desire to
zee Il decline causes Il disregard of
me warnings given by Mr.. Theodore
II. Price and the Wushnbtun bureau,
Just as in 1899. For. be il remarked,
i all that is now happening is pre-
Use rcDr;itiGn Of Octnh"r. 1850.
\ pHr'l*al Of the cables with which
american :nd i.n"li.h "authori;i,s
h"norrd IL: in Ortnoyr amA Novcn.
) nrr. lS99, is aS amusing as it IS in.
/ Slrnrtirc. The following are some ol
, ! the most characteristic:
i 10 october. Henry Nril: Weather
4 continues favorable TO picking, and
, to thc top crop.
) 20 October. Rid. Sicdcnhurg: rav.
: orable outlook for The TOP rror,
L hIgh"r StimatrS Of the crop will
:. soon lead TO a decline.
5 Mohr llanrmann cable i'm thr sam,
/. spirit
= Price, Mccormick d Co. cable that
. the crop is very small. about o mil
/ ion bales.
) II. I!,cn,z g. Co.: Picking progresses
!lvoruhiy.
- October. Hhh. sicIrndbury: ron
crop improves day by day.
- October. McSsrs. Ncill Bros. of
= London publish the following tclc-
gram from Henry Ncil: "Wcathcr
continues most favorable. | daily re-
] ce've strong proofs of the correct
ness Of my estimate of II million
bales, which fully confirm. The
! hclds are fun of cotton. open and
! ready for pickng"
81 October. Rid Sicdrnbury: Cron
adviceS continue to be good: the cur-
rent estimates of the crop GO ~ mil
lions) arc entirely too low.
November |. Mrssrs. Ncin Bros. of
London publish the following cable
from Henry Nrill Favorable weather
throughout the States. RccciDts do.
'aycd by planters holding back their
cotton and by absence of demand for
expectation. | once more confirm NV
estimate of II million bales minimum
November 8. The Bulletin tlu cor
reSpondencc du IIavrc writes: eft
may De sad that no one regards the
present receipts as true and exact
evidence of the real size Of the crop.
IN fact, i'm spite of all thc cables re-
cclvcd from McsSrs. Price, Mccormick
d Co., indications are not lacking f,
prove that cotton is being held back"
November 10. The Washinnto on
Bureau estimates the crop at no
more than 100000 bales.
This official report is ironically met
hy, a decline of 20 points i'm America!
November II. Cable from Henry
NJ: Ueill: The Present small rcccipts
aford no reason for reducing nv est
innate: l confirm my total of II ,000,-
600 minimum. Weather continues cy-
cellcnt for picking.
| November Is. a surprise. The
| Washington Bureau publishes a SUP.
Elementary report saying that the
maximum crop will be 0 1-2 and NAV
possibly be lower than 0 million
bales ~