The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-11-14
COT TON.

New York, Nov. 13.-The very
| large and badly discomfitted long in
terest in the cotton market made an
| effort at one time today to check
| the decline by q claim that Secretary
! Wilson, of the Department of Agri-
culture. in an interview in the Wash
ington Post. mas stated that the last
report of the department indicated
crop of not over l0,0O0,OO0 bales
An official telegram from Secretary
Wilson received by the superintendent
of the New York Cotton Exchange
reads as follows: The interview IS
not strictly correct. ! said 6S.S per
cent. indicated over 100000 bales.
This effectively disposed of the hope
of a crop of anything under ten mil
lion bales. and meantime the advices
that reach me from nearly every sec
ton of the South indicate that the
crop has not yet ceased making, and
show a considerable revulSion of sem
timent With regard TO the outlook
Secretary Wilson, himself, in his in
tervieW, says:
Our November report refers, of
course, TO the cotton that IS still
maturing in the boil. 1t is mistake
to say that cotton staple does not con-
rinue to increase in boil after NoVem
Der LIST. Why, after our December
report was ISSUED last year lneFe were
vast fields in the South in which the
cotton boil continued to produce a
fresh supply Of the staple Indeed, in
some sections old bollS We're produc-
ing even after preparations We're we'll
advanced for planting the new crop"
The total yield last season was over
thirteen million bales. but our esti-
mate did not show that figure, simply
Lecause we could not include in our
q, Nor. h
that came after the season closed.
Personally, / am not indisposed to
substantially increase my previous
estimate of the crop, but defer any
more definite statement in this re-
spect until the publication of the next
ginners' report which will probably
be on the 9Th Of November. and will
Indicate the quantity Of cotton ginned
up 10 the 14th of November.
Ny attention has been called by
Messrs w. G. Craig & Co. of Vicks
burg Miss. to a typographical error
in the closing paragraph Of my cotton
letter Of the Sth of November pub
lished in this paper on the 9th of
November. The paragraph referred
to reads as follows:
MY friends, the short croD theo
rists will, | fear. be somewhat
chagrined TO note that i'm Georgia and
-
to November LIST actually exceeds their
estimates of the entire seasons pro-
duction for these States this especially
being true in the case of Mr.. j. G. |
DetZ. who for Messrs. w. G. Craig |
81 Co.. of Vicksburg, estimates the
total crop in Georgia. South Carolina
and Louisiana at 2.019,000; whereas. |
there have been actually ginned up
to the LIST OF November in these
States 00O h9 les
The error is almost SO obvious as
hardly To need correction. What |
intended to say was that Mr.. j. c. !
Dietz. who. for Messrs. W. c. Craig !
& Co, Of Vicksburg Miss. estimates
the crop in Georgia and South Caro- F!
lima alone at 2,019, 900 bales: whereas.
there have actually been ginned up TO
the 1st of November in these States
2,124,O00 bales
The text of my letter should have
made the error plain 10 the thought |
full reader. but in order to correct any
possible injustice to Messrs. w. c.
Craig & Co. take this means of rec
tifying even the typographical mis-
take The Specification of the facts
as correctly stated is even more bear
ish than the erroneous statement as II
appeared.
(Signed)
THEODORE II. PRICE.