The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-05-06
COTTON And PRICES.
M. LabouisSs ShcHs The Pillaciss OF kf.
Edward AtkinsOn's Arguments.
OVERPRODUCIION DOES hot EXPLAIN
Wien the Worlds Money Expanded
in Volume Cotton Advanced.
THE CROP WAS DECREASING. TOO,
whenthe N atoms Contracted Their Money
OF Final Payment. Prices Declined.
A Very Clear Argument
OYERPRODUClION DOES NOT EXPLAIN
THE CROP WAS DECREASING. TOO,

Tie Constitution by Mr.. j. W. lsaDoulSses
President OF the New orleans cotton ex-
change.
Air. Labouisse Is one OF the most prom-
ncnt business men OF the country and
one OF the ablest cotton men in the United
states. lie knows every detail OF his
business and as practical. progressive.
energetic business man ranks among the
most prominent OF the commercial leaders
OF the south. His letter will be read with
special interest as a most valuable con-
grlbui.on u the currency discussion now
going on throughout the country.
New orleans. April y. lSs5-Editor Con-
s-itutiou: Ia q very interesting article in
the April number OF The Forum entitled
THE Battle OF Standards anu the FAN
Of i'rlces.' AR Edward Atkinson asserts
that II is the purpose OF this article to
prove that there is not single important
pradue, * industry ia agriculture, manu-
featuring. transportation or commerce ia
ylich there has not been a reduction la
tire cost Of production or distribution
which viii not more than account for any
reduction la the price which has occurred
between IS71 asfI ISs2. Further on Mr..
Atkinson says that tire advocates OF what
IS called h.uactallism have been repeatedly
CHALLENGED TO name a single article Of
any considerable importance On which the
admitted decline ia price cannot be ac-
counted for hy the application OF science
aul invention 20 production ana distribu-
t.1u.'
.It has not been my good fortune 20 soc
this gage 90 hattie thrown down so oil
o. .tly before the appearance Of AIR At
- r.,,,,,..,', ,.,,t
s 49,. ~. a.. $3.50 ~.
49,. - 49, 3. ~. ,-..-.-.I 49,, ,,
r-.- - ..s-... ,-Ft.s NJ ..rsr-
,...s. 49,. -, t,,,,,-.,,,
$50. 49,. .-...,-.'.-',.' 600. ia in d.
~ - -. ,,,,,,,.,.
-. -. - ~
"- .tN ...t..
,.- -..--..-. .. a.,
-'hi Hp'' "'Ntf - "''' .f- -
fs'- -tt- ~ e-i-- .i' ~ TO- ''.' -" ~.
i1taH''s ANA dr'ii.i'0 ia "'i 90" a. 90. i'a
i'."- 2 ii "'@ '' a.. 49,
--- =" ,
i''.''.. $3.50 -, .,,.. -.
.i'..'' i.i- -" -. ,.,,...-
't '- -i ''-t -'. p .' '-'N
-. - ,bg,, D.,
: -, -. ~,
~ $500. ~. 80. ,t,t III
~ 80 ~ ss.....-.,..,
~ 49, r,,u
. s. -.
l.'li 'l '7 -. 49, ~ 81
-'
beaii"E A"'riS VIZ" num-
Elm estimating the decline in TIE price
% cotton I shall rlleaNnr TO be perfectly
fair vith Air. Atkinson ana shall not take
tbs prices of l>ts as a basis Tor cotton AZ
though that APPEARS To he ms general
basis scar. however FAR the prices OF ~"
may = ~ afii'.gs o'n,t ','', 'o' ''-..
II
Ton ih ls'@ NA@ "o' ~ ~ IN 80 ~
=. li--i- 'i'' 'i't i'A''iis 49, - 49,,
1'N't'i'ii't.it ~ ~ 80 -
it"~" ~ thr -Lil"-i'-ilAli i'ii"'' "e'l,it' 'i''
i''t l-'it iHr worm "-A Ei"N" t',.l -
years. aA- its i'H-ii'iieiilS a1eoi .i.i,siI1,
s'--- ~" i-7- 't"l, = u" il'i,il
i-F-"l "ai -'-- .l.''i 49, ~ 49, -
i-e crop ~ SEQ ~ 10y $500 "a,
~ -5-..--. '-'' -, =. ,,,'
rti-'3 l's 't'..l.s, ~. ~ aoi' ~,
- -, 80. ~, Iii
- 80 ......1 ~ a.,
-, a.. - 1910. =,
,--,
49,. =. ..,..-.tt',.s A.,
49,. - -
~ ~.
l,'- nay ~ '''-' 's ~.
'"''- ~ t. -,ii-''-'+ '''-'' s-f''s 50
.'ln 'i.i Ni'N 49, - ,i.. ~ ~ -.
i''.... '''''' ~, s-
'- sec 4''-
""''. 'o - '
l..'i 't'.--t.. 20 81 s'it'l or '"r l.'-sS % 20
Ut. NN"4- N= lii.'-.i.' ''is '-'i'".- "'''
NI'il. t-it .i'-', i..e tA- i-li''a 'i tie $50
son $500 . .'i' t-i'7 OF ~. ''-''i-' ia a
s'iN'l ~ Nsit-i 'ii ti.t s-i''i'tioil7 W. nor
ii'-it anu or tN Nh4-h A"i4e OF inc ili4'-
"ii'eS growing uut OF iie war eN"Tted IL
SSH iu any way as 10 price.
crop and Prices Roth Increased
at viii le seen from the accompanying
table. mada from Ysiess current in Liver
pool iu oui.r fn avoid the artificial prices in
the I-uited States after the war aud prior
g. tha resumption II specie payments i'm
1,.s that 81 the season l>i2-s3. "A season
vli .h g., as lar back as ] can safely refer
with reliable statistics. and which is far
suuush uacis To- cover tine ground necessary
u t'.a discussion. the Ameriea crop was
-ass.r@ bales and that the total supply
AMI stock for that year. including crops
oth-- than American. as also the stocks
carried over from th, previous sea -on. were
z ,,s Is1 bales ana ft viii aIso De- s.en that
a.. -,,r-... No. 90 ,,,sl,5Ii.,.. ,,-l..,,,, -
- - -, -
li-At F'--F"i -i 'H' iANetl.i'i H'aFhTt was
- l"f pence per pound For several sea-
SONS after that 90 lSg--l3 the annual sup
r,Iv d.l not rliar-. materially. NOR ,ras
~. ans, ,n,+s-.,I ,b.r,... ia 10
t' ''''t Fit'l's