Vicksburg weekly herald., 1877-07-20
VICKSBURG WEEKLY HERALD FRIDAY. july 2O l877

is practical manufacturer of many
years, both In the North and South, In
the course Of an article says:
We, Of the South in this section, may
claim advantages In the manufacture that
nature has given US, which, when proper.
ly combined with the necessary capital,
will render this one Of the most product
i've regions In the United States. Our
building material is Of good quality, and ct
prices far below New England quotations.
Our common labor is plenty at about sixty
cents per day. We elain that we can
build first class mill and equip it com.
plete, pay boxing and freight on ma.
chinery, for less money than Il can be
built In New England. We also claim,
that with our lOw.priced operative force,
we can produce goods at q low rate that
will cancel our extra freight paid In ship.
PING our goods to market.
Let us suppose that two mills OF equal
capacity, say 6,965 spindles 1--WE take Mr..
AtkinsOn's tigures) J, each spinning No. Il
yarns for drills or sheetlng, to consume
2, 4C0 bales Of cotton per annum, one OF
which is located at Lowell, Massachu-
setts, the other at Columbus. Ga.
The cost Of such a mill is estimated by
Mr.. Atkinson at $4,000.
Comparatively speaking, one mill Is in q
high northern latitude, one thousand miles
distant, and the other In the cotton held.
The Northern mill must pay freight an.
nually from the cotton tields, the cost OF
which we give as obtained from intelli-
gent cotton buyers who are engaged In
Purchasing and shipping from this point
direct TO New England mills, (commis.
sions omitted(, freight, insurance, ETC.,
~ 10 llLc perapOnnd. We will call II lc
per cent, or S5 per bale Of 500 pounds, 400
bales at k5 per bale amounts TO $4,000.
The southern mill is not exempt from
charges on her 2lOO bales. She must pay
2Sc per bale drayage, which amounts to
$500, showing that the Northern mill pays
S11, 400 more per annum than the southern
mill for the raw material.
The amount OF freight paid By the North.
ern mill In twelve and . half years is
equivalent to the estimated cost Of the
mill, viz, SlG0, 900.
Who can doubt the prosperity OF bring
ing spinning and weaving machinery to
cotton fields.
The lie Of cotton mill, with special at
tentiOn TO repairs OF machinery, Is general
ly estimated at twenty years, Twenty
times SIa, 900 Ls S240, $50 saved by the mere
life OF mill. Can denomination be
strOngeFP
Within 100 miles Of Columbus is a cot
ton mill now running that was put IL
motion in 1912. To-day II Is doing more
and better work than It did the first years
operation. Nearly all the original machin
cry is yet in motion; It pays 10 run II.
II cotton mill thirty-hve years old car
be made to pay its way In Georgia whai
may we reasonably expect from a new
mill with latest improved machinery w
leave the reader to judge.
We will continue to give facts on thit
question which are susceptible Of easy de
mOnstration. We give no theories. We
can show and mean to do 1t, that Southern
mills can make money while those Of thu
North are starving.
OOTTON IN LIvEKPUOL.
LIVERPOOL, July 25.-N 'on--Cottoi
easier, but not quotably lower. Mid
ding uplands, 636d ; middling Orleans
6 9.l6d. Sales 5000 bales, ] 900 OF whicI
was for speculation and export. Re
ceipts, 5000 bales, 1880 OF which wert
American. Futures opened partiall
1921 cheaper. Sales Of middling up
lands nothing below low middling, de
livered August and September,6 9-32d
September aud October, 5 ll.32d.
2O0p.m.-Sales Of middling upland
nothing below low middling, delivere
July and August, 9 9.32d.
400 p.m.-Sales Of American, 4,45l
500 p.m.-Sales of middling upland
nothing below low middling, delivere
September and October, 6 5.lOd.
Futures closed dull.
oOrEON IN NEW YORK.
NEw YORK, July 2j-Noon.--Co
ton dull. Middling urlands, l2l4C
, Orleans, l23Sc. Sales $40 bAle'.
Eveniug-Cnuon dull. Upland
, l24c; Orleans, 1870. Sales l,Ol
bales.
. Consolidated net receipts, 2,l30 bale
i Exports: Great Britain, GILT bales.
i Receipts: Net, | bales gross, S,OI
bales.
, The following were the changes
y New York futures