The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-09-12

look For the Growing Crop and
Pczces.
aanaaa, Alexander & Co., the well
nown brokers and cotton comrnis-
sssaz merchants, of New York. writ
ang aader date of September Sth,
EozleMlng the largest crop Of elton
szaz grown in this country, 1865
ssSs saales, the new year opened on
sssezsaxnber tst with large stocks in the
saaads of producers, as wen as in the
yssars1sls OF the world, and spinners'
sMzns well supplied.
Ssass cetton in New York was sell
Ssszg AZ ae.5, and the months for future
asassry averaging about 1915 per
saaaad. The outlook for business was
ssuzalsing and the impression pre-
r1aaaaa that prices would not be great
Sapressed, because estimates OF
ssae growing crop We're small, ranging
@e0 s,5oo,oo0 to 11,25o,ooo bales
essaea q. crop, together with surplus
carried over was generally believed
,unaa be necessary to comfortably
ssuaz1 the requirements of She world
eSaszsi outstanding the estimates We're
ssasalz and the season unfavorable for
e<sgrssasg cotton, during the week end
saug October 18th the price Of mid
4egssmg upIands in New York, on ac-r
>s1-aygaz of large stocks and heavy re-
cs2ees, declined to s-S5 from this
szssssas 1t soon reached and did not fall
aae zassp again until near the enc Of the
g=asssz8z, year, when It declined to $50
.sasn agust 2sth.
Z aesgrse reports of the crop and
ssnsau estimates during November
eszasaa activity in the market and
szrasariaa advance in prices ensued
assarch contracts selling on November
4ata % :1A.4H, and advanced to near
III. cents by the latter part Of that
suuzGn after wide fluctuations.
-0szrxg the greater part Of De-
Gemhszr the demand was good and.
nraas continued firm, May contracts
aiseaaelng to 1885, just previous to
ghs CHRISTMAS holidays.
3xs- several months after the new
,srege prices were maintained and the
asen was marekted freely. although
sasszzng <his period crop estimates
Ssers s,scpsased and other influences
zxees ve1 50 favorable for the holders
~ css2son
g@ money stringency in New
gexs am the spring, political conapli-
eassaas IL Russia and the favorable
xsz1szzaSsgg os a new crop, with an in
t-regsaaa acreage had but little effect
ese eaa,es, for the demand continued
asn9G 1s2d n.ddling uplands were sell
iaszsss rs zaigh at II cents the latter part
~szg. izaas4
.sxg7ss5 proved to be the most
rsvexasxI month of the cotton year.
czrrawsz he spring and summer a
:sss.zsas xanount of cotton had been
-;s,zassae by operators in this city and
1ssEeszsahere. upon the belief that
,ss.-sass were TOO low. and that the
.esere.asg4a.4d condition Of the new crop
esz uza -iusticy the belief in large
,,zseaa
Y2m .csuon was confidently carried
sszsrssasga all the vicissitudes of tbs
s,sao1sssz sa-1a ABOUT August Srd, whef
ssaaaazszzaea 1srerable reports Of thf
ssssspsz,ag - ena heavy sales OF Goa
easess..ess. - .,.e5s;,..:}y Tor Southern 2c
ezssaasz- 50 AsJl its liquiGaticn. De
esszaa.2s.g ess whicn were selling
aaz ,a@ az august 3rd declined tt
assges eaa ..s1e7zst 29t1, With but sigh
es,.z.s--tsais was the lowest price
ases1ss.4 Tor this month during tht
Gzezse@z scar.
a. z.aa 9na of the cotton year
Jxs;.ze.ya .31st niddling uplands in NeV
ygasx ,zu.re quoted at $50 and De
csss7saez Contracts at s.o1.
z egsal crop Of the United state
e,r essss.ear vas 11,s45,eSs bales ant
-sssss--svase sbe most conservative est
c1sasssess.. IRIS may be mainly aceounte'
x,sr -she receipt Of son1e S92,oo
Fs1szsgss.s - old cotton from the unpre
sseEssGeae ,yfeia of the previous year
.ysass. me average was the larges