The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1899-09-27
-WHBEEsDAYrsEPT. sa7 lsees
EIGar CENTS COTTON.

S S8mtef.
EIGar CENTS COTTON.
Nell, the cotton expert, who al
ways comes TO the aid of cotton
speculators aud others to whose ad-
vantage It is to keep the price Of
cotton down until the crop has passed
ont Of the hands of the farmers, has
lost his grip, and although the Liver.
pool buyers pretend 30 accept his
twelve million bale estimate of the
cotton crop as correct. the price has
aavsnced steadily in spite Of every
effort they have made to keep 1t
siown. For neither Liverpool alone
nor Liverpool and New York COM
'sbi1ed. have had the power to regulate
The price Of cotton The determine
factor in the Gotten sltuatlon tnls
year has been the southern cotton
miisle. The mills have bought cotton
from the very beginning Of the sea-
son, and they are ssill buying all that
cones within their reach. They
3 tsnarus that the cation crop is short
Sand that the price is certain to be
much higher later in the season
when the northern and foreign spin
ners realize that there is a shortage
a aud Tie scramble to obtain a supply
begins. The southern mill men know
also taat there is now the greatest
damand for cotton goods, and the
Indications are that next year the.
mills Of the world will be unable to
supply cotton goods Sufficient 20 FIJI
sheirosders. Beng on the ground
and knowing that the crop is short
they nave not been deceived by
NeiIPs extravagans prediction. bus.
have turned their information to good
account. and are buying cotton while
s. IS comparatively cheap. Within
] the next thirty or forty days Liver.
pool and New York will awake to
The fact that they are short on cotton.
and then the scramble will begin
Prices are certain to go higher tnan
they are at present, higher, perhaps,
aor . time. while the furry to cover
sahorta continues. than the situation
warrants, but there is every reason
to believe that there will be sub
ssansial advance in price that will
hold unt:sii the next crop becomes .
determining factor sometime next
spring The following extract from
4 private letter from 9 prominent
New York cotton house will give an
ideasof how the situation is viewed
BY we'll informed cotton men who are
bind followers Of Neili 4:
The spi aniiog industry through ont
The norld. sad especially IN the United
States and Great Britain shows an
enormous expansion. with every pros
nee. OF It's oonsiaaance for another year.
SO far there is every prospect OF a
s moderate I crop of cotton. and se expect
sba. spioness will soon believe shs:
they have been loath TO do, VIZ .nas
the production this year is decidedly
less .bao the coosunp,;oa
they are already selling their ont
pu: for months ahead on the basis OF
Il 10 8 cents for midd!iog cotton, aad it
Is rease oable to expect that this diserep
aocv between the price,o of raw material
.oa that of the manufactured article
uiil soon be adjusted In view Of 'be
cosd;,;oo Of trade the couos:y over. IT
is hardly probable shas this adjustment
viii be brought about BY any considers
b,s deo.iae 10 tie price Of goods"
This is the condition that the farm
era Of the south have to face. We
believe cotton will go still higher,
and the wise man will hold the
remainder of his crop unt;! ne can
cell 10 better advantage
orooaoof,1l T,uuahar COMPANY.