The Savannah morning news., 1900-12-01

"NeA"" ue~'N~elHe' also N"N7Hihltiou n'-
creasing.
Consumption. Production.
Bales. Bales.
Season
lss7-ss actual .......l0. $500 u el6000
1889 actual .......l0.733 90 ll25Gpgl
iss9-i9oo sctual......l0.sT1o 90 assoc
ia0e-0l estimated b.. 10. loo0U $4,000
Bales.
spindles in operation year lses,
actual .....-.+-.... Observation-Disclosures. ~ go. 00n
spirdles in operation year 1889
actual .............. ...........~lm $1,000
spindles IN operation year 1900
estimated ............. .iolioooo'
Visible and invisible supply Sept
/. 1889 ................ ............ 3.lsoOoo
Visible and invisible supply Sept
!. 1870 .......... .................... $4,000
Visible and invisible supply sept
/. 1891. estimated ............... $50 o0o
The census for 1890 gives largely in
creased population. and as cotton goods
are Worn throughout the world by the
greater masses, and the number OF spin
dies in operation has been increased. IL
Is neither logical nor natural that con-
sumption shows de,tcase instead OF ip-
crease
L: opposition iu she tnrt that consume
ton has steadily increased IN the past
and Ia consequence viii also increase tnis
year. there has been advanced one p.aus-
tble theory and that Is that the increased
value Of cotton goods VIII curtail their
necessary usage. The theory IS plausi-
bic. but not natural. and. To- face. the
small increase In the prices OF cotton
goods viii not permit ourtailment Of a
primitive necessity upon 80 small an in
crease tn expense per capita when the
world IS generally prosperous and cotton
goods are the cheapest clothes obtain
able
MIR Neil iu making his estimate calls
attention 10 hiF liberslisy % Welding all
points questionable TO the side 81 great
&c crop as a large crop Is necessary. and
ne therefore wishes he could make 70
more Allow Mr.. NELL is wrong 5000
bales and snake the crop i0noen paice.
even perms Air Ellison TO be- incorrect
ana make consumption only 100000. a
difference 81 5000 bales. nearly one-tenth
81 entire crop. an allowance ont OF the
bounds Of reason. we have production
eQaalliug consumption and visible supply
Sept t. 1871 sames as 1870. Al the COM
mencemcnt Of Ghis season stocks were de-
pleted az hsme and abroad. mills ere
bare Of raw material and cotton famine
existed II making or concedinE an al-
lownncc OF s00.Uo baIes viii produce a
famine what will conditions ~ lf reliable
estimates are borne out7
The value OF this years cotton crop ~
the South ~ $4,000 mo. uearh oue-halt OF
the crop has been marketed and the pro-
Queer and holder Of cotton d in "a ueric 2
financial condition The holder apprccia-
ating the fact that spinuers have sod
their manufactured goods for months
ahead and that raw material o. short. will
not sell Al present prices when h. can
demand and obtain higher prices and Il
boo a financial condition 10 DO so. II is OBJ
vious that the contract markets are heav-
us ovorsold that selling OF actual cotton
has been liberal beyond precedens that
speculative and Investment buying has not
entered the market as has been the case
heretofore. and that che technical POSI-
ton OF cotton Is healthy and excellent fol
steady and permanent Improvement OF
values Furthermore. the spinner VIII OF
a necessity. have 20 meet holders price.
in enecting q further bettermeut OF the
already solid spot cotton conditions which
wiz be speedily reflected IN the contract
or option market To us the conditions
point clearly 90 higher prices for cotton