The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-10-02

| emphasis that there was not worn "
| truth in it:Nobody had thing to do WIN
his bidding on cotton and he had aDso-
Iutelv nothing to do with what, wheh
or how, any other buyer bid.
Mr.. A. A. Thompson, of the cotuol
firm of Johnson and Thompson was
seen. He thought the farmers We're
holding the cotton back because OF the
low nrice. He agreed with MT Latta
in his statement about the effort maze
nv local markets to draw the COTTON 10
Them. and he too declared that there was
moi the slightest foundation for the rn-
NOR that the buyers had any pool OF
combination. 81 have sold 200 bales of
cotton to-day, said Mr.. Thompson at
61h cents. | paid from SIS to per
Mound for it and l paid IA cents per
hundred pounds freight on it to the mill
TO which | shipped it, besides paying eX-
changes. expense of shipment, NC,
which narrows my margin down to al
most nothing. We are paying every cent
for cotton in Raleigh that can be paid
for it without loss to the buyer.
DR.. J. A. J. Penny, a prominent plant
err and ginner who lives in Barton
creek township, fifteen miles from Raj
eich. said that in his section the farm
ers were not holding back their cotton.
81 have ginned at my gin about 10
bales. and | know that 100 bales or II
has been sold Our people are carrying
the most Of their cotton to the mills III
Durham for two reasons, one is that
they can generally get slight advance
in price and the other is that they have
no trouble nor expense of weighing.
hear much complaint" continued DR..
Penny "about the weighing and the
weighers of Raleigh. The farmers say
that there is no accommodation about
them and that they lose in weights
when the cotton is weighed by the Raj
eigh weighers."
Mr.. Hal Rand, of Garner, and Mr.. q.
G.. Jewell, of Panther Branch, were very
severe in their criticisms of the Raleigh
weighers. Mr.. Rand had taken four
bales of cotton to the platform and was
forced to unload it himself and then get
down and head it up on the platform
while two negroes employed by the
weighers, and the two weighers them
selves stood by and declined to touch it
until it had been set on the heads on the
platform.
Glow prices and bad treatment" Mr..
T. r. Crowder thought was the cause
of short receipts in Raleigh. He had
heard many farmers complain at the
treatment received from the weighers.
and he had heard criticism of the buyers.
Mr.. w. A. Wyatt thought that the
farmers were unwilling to sell at the low
prices and he thought perhaps there were
other minor causes why the receipts had
fallen off.
Mr.. Thomas Johns, of Auburn, said
that the crop this year would not exceed
the crop of last year and that in his sec
ton the farmers were not holding their
cotton At his Auburn gin about two hun
dred and fifty bales had been ginned and
over two hundred of them had been sold.
Mr.. n. NJ. Rand, of Crowder and Rand
thought that the farmers were so busy
picking out the cotton during the clear
weather, that they were not taking the
time to rush it into market, and besides
all the wafer gins were idle and much
of the cotton was yet ung:nned. Mr.. q.
z. Rand, of Rands MILL thought the
price had something to do with the short
receipts, but ne had heard a good deal
of complaint from farmers about weights
and other Objectionable features connect
ed with the Raleigh market.
Mr.. Fab Whitaker, said that the prices
were so low that the farmer could east
ly see that he was not going to be able
to meet his obligations, and so he was
holding every bale possible in hopes that
by November LIST, the price would adj
vance and enable him to meet his re-
quirements. In this view Mr. Jesse
Winbourne was agreed.
Mr.. Chas. Hinton, of st. Matthews
said that the farmers were holding every
bale of cotton they possibly could and
were not going to sell at these prices
if they could help it. He thought the crop
about the same as iast year.
Mr.. M. T. Leach, an extensive cotton
planter, thinks that the low price is real
ly the cause of the decline in receipts.
He is of the opinion that the cotton crop
in Wake county this year will exceed
that of last year by 10 per cent, taking
in consideration the increased acreage.
Mr.. Leach attributes the present low
prices largely to the glowing crop reports
that went out late in the summer-re-
ports that receipts up to date have done
much to confirm.
He thinks the foreign and New Eng
land spinners have been tardy in buy
ing because Of large receipts to the
South Of us, and he does not look for
much advance in the near future.
Mr.. Pat Wyatt, of J. p. Wyatt and
Brothers, and the secretary of the Cot
ton and Growers Exchange, thinks that
the farmers are not inclined to rush their
cotton to market at present prices and
that it is largely the low price that is
keeping the receipts down in the Raleigh
market.
Messrs. Eli Scarborough and Dick
Griffin, of the Eagle Rock and Wake
field sections, think that the cotton crop
is about the same as last year.
Tobacco is being raised to consider
able extent in this section of the county.
and for the reason that tobacco is bring
ing relatively higher price than cotton.
the farmers are selling their tobacco,
and as general thing holding their
cotton for better prices, except in in
stances where there is special reasons
for selling it.
1t will be observed that there are
some complaints alleged against the
Raleigh market, for which there is abso-
/ 81