The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-12
COTTON CLIMBING UP in PRICE
While the Crop is Climbing Down il
Condition.

Condition.
Cotton seems now to- be ON the up
grade Since Saturday the market here
has climbed up one-sixteenth OF cent,
and the best grade was selling yesterday
at 1-16. while the lowest still stuck
ut ~. The receipts ON this market yes
terday were very light.
The speculative market in New York.
owing to the mfavorable Government
report, showed considerable strength
yesterday and made material gains.
The State crop report published else
where in this paper shows a continued
deterioration in the cotton crop during
the month Of August This report places
the condition of the crop ut - per cent.
as against 81 per cent a month ago.
If this shortage is kept up i'm all the
cotton States the crop must necessarily
be much below the estimates that have
SO far been made of it.
The Galveston News says that eight
cent cotton is i'm sight, and very forclblv
remarks that This ONE staple alone can
not in the nature of Things fail to be
benefited by the general advance. Cot
ton at eiGht cents would insure the
greatest business revival, our contem-
porary thinks. that this country has ever
witnessed. The News places the pros
pective yield for Texas alone at 2100.-
900 bales, or 36S per cent. less than last
year The Houston Post declares tina
this is an absurd eXaggeration of the
damage done this State. The Post re-
port, issued ten days ago. indicated
crop of 100000 bales for Texas which
in itself is a decrease of % per cent.
as compared with last year. This report
the Post still adheres to- and it is gen
orally accepted by cotton men as approx
mately correct PROMINENT cotton men
Of Houston today sent am order to New
Orleans to bet 81. 500 that the Texas crop
would not reach 3.000000 bales. Julius
Rlmge, n Galveston banker who is wei
known ian New York, predicts 100000
bales and gives interesting facts to
substantiate his claim.
Cotton yarn manufacturers are having
great boom. They are overwhelmed
with contracts. are quoting prices which
equal those at which similar goods can
he imported and are refusing orders III
many instances.
Mark Twain used to say there Were
three kinds of liars ordinary liars. dr.
liars and statisticians. But not all sta
tisticianS are liars and though nRSt.
people are shy of figures they are some
times both interesting and useful. From
Testers annual report facts about cot
ton manufacturing in the Southern
States, the following figures are OIL
tanned. which ought to he Informing 10
public much interested in the progress
of the industry.
Taking the mills, old and new. lP
ported for the cotton year Just closed.
we find that fhe average Number of SPIN
dies per mill was:
I'm the South, 9,003.
In Alabama, 10S62
I'm Georgia, 9,74T.
Tn North Carolina. 5,99S
Tn South Carolina, 1880
In the average number of looms per
MILL the comparison stands:
I'm the South. go.
in Alabama, 100.
In Georgia, 223
I'm North Carolina, 127. t.,@r
In South Carolina, 446.
Tt will Thus be seen that the North
Carolina mills are, as rule smalls-
though ian number of mills it comes first
of the Southern States. and in the total
number of SnindleS it Is second.
The average Southern mill actually in
operation during the year consumed:
I'm the South. 3.047 bales of cotton
I'm Alabama, 3.494.
In Georgia 3,723.
I'm North Carolina, 2,056
Tn South Carolina. 1888.
The consumption of cotton per spindle
indicates the fness OF the yarn and ciotii
made. The smaller the consumption the
finer. the yarn. During the year the
Southern mills averaged:
In the South, 1862 pounds to the spindle.
In Alabama. 17S pounds.
In Georgia, 1G9.
In North Carolina. 167.
I'm South Carolina, 151.
This shows that i'm the manufacture Of
fine goods South Carolina leads and
North Carolina comes second.