New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-12
NEWS OF THE COTTON MARKETS.
FUTURES GO LITTLE LOWER-COTTON
MANUFACTURE IN THE SOUTH.

MANUFACTURE IN THE SOUTH
Quotations en- the NewYork Cotton Exchange
declined a shade further yesterday. March closing
AT 7s5 against 7.S7 the night before: May at '4.
against 7es the night before and October at ION.
against 80 The news OF the day was mixed In It's
nature Despite heavy receipts at New-Orleans, the
total at all the ports only 5000. against 5'oo
last wear New-Orleans expects to-day 5000 bales. or
only third Of last years figures. Receipts were
again pretty free at the posted interior towns Inv
erpoo spot sales down to 5000 bales ana
futures in that market were lower. But the exports
for the day were 1900 bales, and there was report
that n leading firm would accept March tenders and
export them The Southern spot markets remained
practically unmoved by the fluctuations in futures
Speculation is still dormant The reports from 'he
drygoods district continued more cheerful sharp
advance shortly in cotton goods being predictod'
Fall River manufacturers, in view of the good spring
prospects are said be reluctant to sell AT -'4c'
As a sign Of the returning prosperity the CANADIAN
Pacific Railroad announced resumption of dividends
on It's common stock. All railroads, especially te
New-York Central. which reflects general business
conditions better than any other great system show
continued and heavy increases over last year
earnings.
The bulls affirm with undiminished confidence
that the future does not hold in for them the
ten or twelve million bale crop on which the pears
are counting and ignoring present conditions
The New York Cotton Exchange VIII De cioseu ~
day being holiday.
The following is an interesting talk on Southern
cotton mills by s. NJ. Inman. brother of John H.
Innan OF this city s NJ. Inman IL one of the
largest dealers in actual cotton in the South. Ok
cotton mill building in the South he said;
while it is true that there has been larger III
crease in the number of mills in North Caro-
lima than elsewhere In the South these are on an
average small mills erected and equipped ny loc"i
at,al and adapted 10 the needs OF their respective
districts In Georgia and South Carolina the mllS'
while not so numerous, are much larger WITH H'o'c
spindles 10 the MILL that the aggregate increase
in The three States named does not involve so nuch
dispropor.ion between North Carolina on 'he ono
hand and Georgia and South Carolina on the other
as would appear casually to one passing through
tho Southern mill district the railroad IheTe
are mills now building in South Carolina and 6eor-
g.a which will contain from 1OcO TO 'o'oW si''uieS
each While the North Carolina mills VIII average
much fewer spindles. yet there Is grauiyi"s III
crease IN all three States In the volume OF cotton
manufacture and this is one OF the brightest EVIL
dences Of the near approach of new era in South
ern manufacturing. A few years ago the amount
NJ cotton consumed In the South was mere baga-
telle II is expected tina, this year the southern
mills will consume 100000 bales OF cotton IL the
same ratio Of increase he kept up for the next rev
wears the Southern States soon will consume easily
"Of curse the establishment, OF cotton factories
is much more marked and exensye rs soma ,nade by
myself show that in three COME o, go reariv
lina-Anderson, Greenvlle and se IN
as many bales Of cotton are no" consumer d. ~
= Are there any printing works in the South Mr.
las far as am aware. there are not. he an an
swered They represent a higher branch OF the
cotton manufacturing industry and cal for me ne
services Of highly skiled men nsnc arr h nq as
in the older manufacturing sections pul Ae'ec
with President Seth Low wno IN ~, Gra,V Gwe G
upon the importance to the south Of }neT fs,an
iishmen here We cann9i snceeSSGy oT r5cis
are OF artistic design; We cannot fet drHsIc ue
without havins compeisHt & nrs .stahish
ws,cb 70 trsin them. one manufacturer places on
the market goods Of ugly design: another goods o
artistic pattern. The second gets cents yat ara
tain The dference represents solely the added
value given the goods by the Application o, the 1as
It is st the same way with furniture wapaper
and with many other articles whiGh rhs naterisj
worth 50 cents and by the application OF his a1suc
skin upon the fabric or other matera Ti Yes
t the E south NJ needs sechnical schools.
OF ttzing so-called waste products in manufac'ur-
ing He might have ins,anced cottonseed a'so ,nc
Utilized now bu, the value Of the materials "a reo9v
cred from o neal eic ,bs @ S5eIay gmoan we.
utilized would be the enormous sum oil 'S""'VV "
'e'IT' want to indorse the speech made by President
Low on Manhattan Day. II was one 81 me nmeS'
n no, the finest delivered at the Exposition.
heard one OF the most prominent men IN inc nou'n
the president OF a great railway system, say iAat
he wished a copy Of tina; speech could be nailed 10
every doorpos, In Georgia ,o.. .,,, ,ho Va
porter. ,,.o,,lf %
snornous heneit to the South and the whoie coui,,
nv 7 believe that this Government should DuiIi
r. and control II absolutely. To give an instance oi
its utility My firm are developing a ITom'sl.e
trade with Japan. We could ship inm,h {" 1, ana
ton from Georgia. under certain CONDITIONS pu, ,'
it necessary send II to savannah OF Enareston;
thanca IN LIVERPOOL and through IN" MelltefiaIi'dn
and tho indian Ocean. II We could forward ],
tbrourh the Nicaragua Canal, how much easier and
cheaper il would be!