Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-04-23

tire or tho multiplication OF PLANTS Is at
surd, burt unleaa the prices Of fnAnufan-
tnred goods can DO fbrcen upward In fa'o-
portion to tho nrst cost OF cotton. tho
earnings OF tho mills for tina year can
not bc ns great o. they have been.
The obvious erect VIII be o deeper study
OF the MISUNDERSTANDING problem and the In
tso1iction OF economics which were not
thought necessary IN the poimy days OF
overproduction on the plantation.
sneculators have AouEht TO prove tina,
there could DO no Increase OF spinning ma
der the circumstances But there Is an
increase already visible IN thu takinHs OF
demestic mills. In New England, Canada
and at every misunderstanding point IN the
South the HpinnerH arc unusually active.
The output In Norfolk IL reported TO BIZ
~ per coat greater than last year. md a
compilation OF views upon the subject
gathered FROM Southern papers Indicates
that oil the mills are running their spin
dlca on full time, and are turning out
larger prooict than ever before, Will, the
seventy odd mills opened In iS6 certainly
were not built 70 remain idle.
In tho season Of ls9iF9s American snin-
morn bought 29sg,67i bales OF cotton for
home consumption or this amount 20S1.-
$50 baica were taken by Northern mills
and s5sssas bales were iaitdn In the South.
Assuming that tho Northern snilia Will not
DO ahle 70 make up more than they did
last year. added 20 tho large stockr which
many Of them carried over fron last sea-
sun, stiil Il must be admitted that the
Southern mills will require more, and II IA
not an extravngant assertion that con-
sumption this year Will amount TO upwards
OF t,0oo.00 bales In this section.
Should that be 60 the increased volume
OF business In Southern mills will do SOME
thing to Offset short proiits, and the tex
tile industries undoubtedly will not suffer
greatly from the rice IN prices
EFFEcrs ON EXPORTS. @''
Tho effect OF a short cotton crop Is al
ready considerable on transportation and
trade. Steamers on Southern rivera ore
bringing In reduced tonnage and some OF
them have ceased making their trips.
Freight handling has fallen OF at recelv-
Ing points, congresses have shut down.
cotton seed mills have closed here and
there and the industries connected with
shipping tho staple and preparing II for
market have begun to euffer.
| But greater effect will be seen In ex-
port trade as the season ndvGncos The
estimates OF experts place tho crop OF
this year all the way from g. 900 bales
20 100000 bales; hut. taking o,7ooo0o bales
as q basis OF calculation America will
have about 3OoO.0oo bales less cotton this
! year than last. Home consumption ep-
pnreutiy will require eonO C0 bales more thnn
last year, and. instead OF G,7lS96l hnier to
send abroad, tho crop will furnish only
ABOUT 9NVi,VtO Dtft1. Nttff NtNNrtlnE what
may be expected TO 80 overland 10 Canada
ana what may be, dcatroyed by IRE This
will be a serious slump In export irnde.
and Will servo IA one factor IN raising
prices OF raw cotton In Liverpool and
Bombay.
PROSPERITY IN THE SOUTH
Reduced output and higher prices for
cotton cut two ways into the Industries
and prosperity OF the Eouih as we have
| IN -.
favorable. In the iirst place. the Southern
states are more prosperous than they have
beon at any time before or since the war.
| Cheap cotton has revolutionlzed agricul-
ture. and has taught the plnntcr econ
ouy and self-reiIance. In diyer'Acd crops
ho will atnno secure ana he VIII be lees
| dependent IN future on the cotton factor"
and the money lender. Cheap cotton also
has been influential In multiplying mills
In the South and, while their turn VIII
come 60 practice economy and to study
carefully the cost OF production, there Is
abundant reason TO believe that every
plant established, and many moro besides,
/ will ind profitable uorupntion. tN
| Meanwhile the world wants cotton, The
| population Of the globe IS increasing al m
enormous rate. and in something like a
| gcnmetr1cal progression. Manufactured
rortona. next after iron ana before wheat
and corn. are eonSnodltIoa Of universal
1 uso. Even Ahc Indian IN his scini-harbar-
Gus cord.tiun drus.es IN Gotten. the natives
~ almost evcry eipi,ized land sre iens1iius
its use. and transportation agencies arr all
the while finAing new marinta for COTTON
goods. notwithstanding naomeutasy flnc-
tuations In demand e constantly increases
and will o. so until tho producing ca
] pacity of oil hands Is eeycrrly Taxed. 90
Sur az cnn be seen tho output OF cotton In
the United States must expand 10 keep
\ pace with tho growing oonsumption OF
cloth ana yarn. The time will come when
a 5000, 000-bale cVtton crop In America cen
10 manufactured and Hoia AT fair pront.
Whit that means to the cotton States
and tho industries OF the South II too az
pafont TO need calculation.