The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1909-08-31
THE COTTON MARKET.
There Has Been General Upward
Tendency in Price.


time have been upward. Many of
the crop reports have been unfavor-
able. Texas has sent complaints of
dry hot weather. Some crop guesses
from that State are very much small
er than they were recently. Excess
sive heat is supposed to have caused
much shedding. In Georgia and
Alabama shedding is said to be gen.
eral, owing to hot, dry weather, and
there, as in many other sections,
the plant is said to be one to three
weeks late.
A rumor that the National Gin
ners' report would put the general
condition at only 81 per cent, has
had some effect. It was in line with
very general expectation that the
next government report, now 80
near at hand, will be bullish. That
it will show some decline from the
August condition of 71.9 per cent is
taken for granted.
Last year the September condition
was 76.1 per cent, on crop OF say
13,5O0,O00 bales. In 1907 it was
1877 with yield Of 11,S75,000 bales.
In 1906, September condition of
77.3 per cent meant 13,511,000
bales; in 1905 one of 72.1 per cent
resulted in 11,346,0OO. In 1899 and
1900 it was 6S.2 to 6S.5 and it fore
told crop failure in each case, g.
S46,0OO. to 1O,3S3,0O0 bales and in
1902 it was down to 64 per cent
with a yield of 1O,72S,OO0 bales on
an area Of 24,275,000 to 37,114,00O
acres for these three years as against
present area fsomething in excess
of 52,O00,O00 acres.
The average September condition
for 10 years is 1876 per cent, and
this year it may fall we'll below 10.
The question is whether such con-
dition has been or has not been dis
counted in the present price. Opin-
ions on this vital point are, as may
be imagined, diametrically opposed.
There is no doubt about the crop be-
ing very short this year, and a good
price should be realized by the farm
ers. But it all depends on how fast
or how slow the crop is put on the
market.
Receipts at the Ports.
Receipts at ports Saturd'y 1855
Same day last year 80. 6,764
Same day year before ...-.. 2,7S4
Receipts since Sept l.. ...10,70S,597
Same time last year -. S,416,98o
Same time year before ;. s,772,25O
Cotton Quotations.
Columbia, Aug 2S.-The following
are the quotations for cotton in this
market: From II 3-1s to IL SIG
for highest to lowest grades.
Houston, Aug. 2s.-Cotton steady,
middling 12 3-S; receipts 1888;
shipments 3,175; sales 321; stock
25,010.
Augusta, Aug. 2S.-Cotton steady,
midding IL SIS; receipts 523; ship
ments 800; sales 404; stock 4,16O.
Memphis, Aug. 2S-Cotton steady,
middling 12 IA; net receipts 5;
gross 245; shipments 1885; sales
100; stock 7,412.
Galveston Aug 2s.- Cotton
steady; middling IL S-5; receipts
4,790; sales 100; stock 32,339.
New Orleans, Aug. 2s.-Cotton
firm; middling IL 3-S; receipts 157;
sales 325; stock 42,O19; to France
1875; to the continent 1000; coast
wise 23s.
Mobile, Aug. 2S-Cotton firm;
middling II 3S; receipts %; stock
1908.
Savannah, Aug. 2S.-Cotton firm;
middling IL 3-16; receipts 3,772:
sales 3,177; stock 1850.
Charleston, Aug. 2S.-Cotton
nominal; receipts IA; stock s55.
Wilmington, Aug. Is Cotton
nominal; receipts 25; stock 1919.
Norfolk, Aug. 28.-Cotton firm;
middling IL 3-S; receipts 4S; stock
$500; coastwise AIS.
New York, Aug. 2S.-Cotton qui-
ct; middling 1890; sales 275; stock
S0,041:
Ne,,, vo-r- Cpfuroo