The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-12-15
COTTON MOUNTS UPWARD
GOVERNMENT CROP REPORT
SENDS PRICES SOARING.
Estimate That Crop Would Barely
Pass Ten Million Bales CaosS

! ESIIEatG &RSI SIOp Hou5o o&SS2
! Pass Ten Million Bales Caosc
Sensational Scracs on ExcAzasr-
Not since the SullY boom OF 1870
has the New York Cotton ESehaas
x!tuesSed more sensational sceoi
or . more s2ec:seula. Use ia price;
! thao occurred Friday vita tie aa
roroceneot OF .ae socera0ens e.oi
report. With tie galleries eeortet
With visitors from tie South. aug
ueat<d by friends aad relatives 0!
operators aat o.se: Interested spec
,ato:s. ,ae Eaa.ke: SCARED TO . oeE
higA record toc the seasoa ~!;h Ga!ns
OF more than 81 sale over Thurs
day. Both tie Gay aaG July options
touched ,he high mark OF 1850
eosa gaining approximately ~ points
over Thursdays clos:as-
Bull brokers p,eTented csoee v1o-
ieat advance. as they Aec dt.Houe-
Cd heavy selling orders crey Eve
points up from 1888 for May and
July. They sold enormously. supply
TAG the deDaod OF shorts sod aiso
tho iarusa OF buying orders f.oo
Wall street, Chicago aud Southern
operators aat The local end New
England d.y goods interests. The
market continued So an excited state
up TO the closa With estimates ehet
Eve hundred thousand bales ssa
changed hands, In ehe last aoor.
Nay closed o: 1857 and ju!y 3:
1919.
Il vas 2 O'Clock ~hea he oess
reached New Yors from Washington
TIA, the sovesnnea, estimate was
only 1o.ess.ooo bales. she smallest
crop stace 1903. Immediately there
~cs a tremendous rush Of buying
Orders poured n from the world over
and prices Jumped from 80 to 30
points oa the frst Transactions Last
trades made tust before the report
was announced we're On the basis Of
1880 fox Hay delivery: The aext
sales vees nade at 1870. an advance
OF sl a bale This was followed By
trading both ways. aad
by rapid fluctuations 4 essAk 20
1855 followed. then came the rise
TO 1880. july cotton trcera;ed
along the same lines, while March
1850 as It's high po.a: aad
closed at 1870.
The government estimate IS aeors
100000 bales below sae prediction
81 tae most sacSu!ae Of the bulls
and tie action OF tie market na,ue-
Atty followed Sizteenceot cotton.
20 much TALKED about. was oot realiz-
ID. Dot the market cane neas il
II ocr remains to be determined
ShetS-. tie Feders! estimates have
ande.estina:ed The yields. as hes
eeen the case cor toe past ten years
During that time the crop has oeeo
Indcr-essina,ed each yea. az from
100000 TO 100000 bales
New Orleans Market
AZ New Orleans. following the!
posting OF tie cotton crop repoc:
estimate OF l0.oss.006 ta:es 90 TIE
Cotton Exchange Friday AFTERNOON.
:ae future market took Jump which
'aaSed from IS TO 40 po!a,s. Nay
cotton went 20 sixteen c-a.s. es-}
:aeEsa!nS new h;st teco:a soe
h- seasoo- The estimate vas ohout
100000 bales below tie p:ed!c;.oa
y the Oost saasr!ne bulls.
Anticipating > bu!!.sa estimate.
be trade started tie market toward
,isheT levels seve.a! days ago. aa1
he Mag option Friday sold o. 1854. |
! points aboce .he hish p.:cc OF!
DE dap before. Yct I: vas erro
hen far Below tac level which was
accorded Il Friday. when Il orose 81!
-cco7ds 70. tSe seasoa by 5oirs 70
l5 cepts.
& majority os thc operators lad
oeca trading on tae belief tts,
Fridays estimates vor,d be ee.rerp
100000 aod Io.600.ooo bales.
T5ea an estimate Of lo.eSS.0o2
oaieS ~'ss put out. s1al; paak &C.
sued aad the market Ee1. Up ~..h a |
lump.
The Crop Report
Toe crop reporting soard OF che
department of agriculture estimates
hat toe total production Of cotton
n the Coited States foc the season
'f lsos-lo will amount to 1926
$4,000 pounds teot :oc!ud!as Int
ecs). equivalent TO I0.oss.o0 bales
,: 500 pounds gross weight.
TIE estimated production &c 500
pound Gross weight bales By States
S as follows:
Virginia. 10000: North Carolina.
$4,000: South Carolina. l.os5. 900:
Georgia. 1900. 900: Flo. .ds. 5000:
Alabama. 100000: Mississippi.
!, .oel."V0: Louisiana. 100000: Tex
IS. 2.5Io.900: Arkansas. 7lS.G00:
Tennessee. 10000; Missouri. 49,