New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-10
financial.
THE MONETARY TRUST,
90 BROADWAY. new YORK.
The Monetary Trust
and American Cotton.

~. ,,c. =, xh.s, 4. determined by influences which
ro,, zach other in the middle of the ocean Those nh"
.rc.. src out Of every mans reach and beyond every
man, ken. The ultimate value Of all exportaole COM
rnodities is determined in the same manner INV ""
49, .o ri. con,,ai and energies IN constant struggle
with tn. carrying charges Of any eTpor'aole commonly
vii, come out n pauoer in the end He cannot s'and up
with such weight against ceaseess and uncertain com
pe,on Of all countries There times when American
cotton f, no, controlled by influences This is be-
cause We produce contract cotton OF the world ana
vo,hrd. ~ the raw material When domestic conditions
are favorable therefore the American cotton market can
xca,e i,se, from international influences and for time
ignore or them. The Monetary Trust ana o'her
owners Of to occupy such position AT '"'S
particular juncture The planters did not use the same SEED
this YEAR they did plant the acreage they ala
not use fertilizers they did not prepare for the
same crop Climatic conditions have proved almost uni
formy unfavorable going from bad 10 worse until 'he
results Of careful observation concede that this crop VIII
not reach OF the last Last year the con-
suming power Of country held down by uni
vesal Industrial depression yet the entire consump
ton ot American reached the grand total OF ten
million bales
Thi. year Industrial activities are improving
the consuming capacity Of all countries. and the total con-
sumption will undoubtedly last years IN
This that the large stocks left over ana me
small crop will be 80 exhausted that after Twelve
months have pissed burden OF spot cotton Will
upon any Of International conditions. there
fore higher Of prices for this commodity nut
the domestic developments promise still better results
The the railroads in the United states
and he men in manufactures. are receiving
higher wage. living than ever before,
thereby the Of this country so
much that the home consumption Of the year VIII un-
doubedy exceed all records Tho amount OF cotton et
crop probable receipts for the
early from the will be small not sch as
20 put grevous burden upon the Of the country
and no more conditions provide for. as
far concerned. Whenever domestic
developments govern The price OF a commodity. during an
general confidence and general Improvement the
prices m)dy extrated from international en-
arement easily made huoyant and get their check
principally from and dangers inherent in
IN. market itself this juncure speculative
forces give promise OF CELEBRITY motion In the
kets.
The Southern States comparison with the Of this
country the panic rich. The planters raised
liberal amounts year. and still larger
this year and heavily debt for farm supplies
As they see the meagre returns from their farms
they will buyers Of futures New York
and hold their supplies. The writer has had
tended experience with Southern people and will
not ignore No part Of the world has
grit grasp speculative ventures than the spunky
South. international conditions solid. American in
fuences buoyan, a volcanic advance may break
FRANCIS ID. CARLEY.