Nevada County picayune., 1889-06-19
COTTON MANUFACTURING.
Cost of Cotton Mill---Expense of Running---Profits in the
 Business.
A Mill Man of Twenty-six Years
 Experience Talks.


 hope of redeeming the South from debt and poverty, and as cotton is our principal money product, and our people want information as to its manufacture, we give below what MT. J. k. Young. foreman of the spinning and weaving rooms of the Philadelphia cotton factory, says on the subject. As Mir. Young was raised in q cotton factory, having had twentysix years practical expe- rience, and assisted in buying and putting mp number of mills. what he says is of practical utility. The first of the week we went up to see him, especially to get this informa- tion; below we give his language in condensed form:
 Reporter-''Mr. Young, is cotton manufacturing profitable, if so, what kind of mill will pay best:'
 Young-"ies, sir, it is very profit able, yielding from l5 to 40 per cent. per annum on the money invested, at different points. think spinning cotton yarn pays best, because it takes less capital, and in spinning coarse yarn. say Nos. 5s to Ss, nearly if not quite double the amount of cotton can be manufactured; for in- stance, each spindle for this yarn will consume q pound of cotton per day, while for finer thread for cloth not quite half pound will be consumed, and the cloth only brings about one fourth more money than the yarn in the market. Every pound of yarn made can be sold readily in Phila- delpha and other markets, at good prices '
 Rep.-"What will the machinery complete for 1000 spindles-a mill to make cotton yarn-cost, and what the cost to operate it?''
 Young-"The latest improved ma chinery, complete and new, for such mill will cost about thirteen or fourteen thousand dollars, and oper- ating same after getting it in running order will be about S20 per day, ex- elusive of fuel, which could probably be gotten from blaming mill at little or no cost. Improved machinery can often be bought, from Lowell or Boston houses. secondhand and about as good as new, at one-half above cost. The Philadelphia mill has some thus secured.'
 Rep.-''Ilow much cotton will a yarn mill of 1000 spindles consume per day, what does such cotton cost, and what will the yarn bring in open market?"
 Young-''As said before, each spindle will consume a pound of cotton per day in making coarse yarn, the 1000 using 1000 pounds per day-two five hundred pound bales; the grade of cotton used costs from s to S5 cents per pound the yarn sells in Philadelphia for l61 cents per pound, and costs l!c. per pound to deliver there by freight. This shows gross profit of 8 cents per pound on cotton used, or $50 per day, and as expense of running, under favorable circumstances, will not be over S25 per day, leaves nice margin of profit
 Rep.-"We have said nothing as to cost of an engine to run such q mill, or the necessary buildings. In case these things were secured and ready for the machinery, could it be bought on good terms?"
 Young sir. Any machine shop in the East will sell on as long time as desired, and at low rate of interest Cat 6 or per cent. per annum), and take as security paper on the machinery sold, together with houses, etc. l know not what suita- bic buildings and engine, boiler, etc., will cost. A thirty or forty horse power engine will propel easily q 300 or l,So0 spindle yarn mill. Right here l will say 800 spindles can be run at very slight cost above 1000 spindles, as it would only re- quire a few more hands, as most of the operatives can manage more machines than are used in the small Ter mill; whether small or large, a certain number of hands have to be employed, hence the mill of 1900 spindles will pay still better, as all the labor employed will he utilized. |"
 Rep.-"Can a competent, reliable man to run such mill be found,