The times. [volume] (Richmond, Va.) 1890-1903, 1900-03-18
IRON AND LUMBER INTERESTS.
Colonel A. Is. shcpperson. in Manniac-
.urc,s' Record. Gives Some Season
nbic Advice to Farlncrs-New
Industrial Enterprises.

apnct Tor a larger ana larger ueInauo III
The Ias: for Southern made goods
,.idens. The past week has been nota-
bic fer announcements Of this kind. In
The Manufacturers Record are noted the
determination 10 erect a $780, 900 plant OF
% 900 s;,indies and about $50 looms for the
production of print cloths. at Aiken, s.
c.. plans Tor a 100000 mill near CO.
lunbus, Ca, with .20.0e0 spindies and
praportionate number of looms as an
addition to the enterprises of the Bibo
Manufa curing Company, OF Macon. Ga:
for u s10O,1U mill at Golosboro, n G.;
Tor a $4,000 knitting mill at Valdosta,
Ca: the organization OF the 1azoo Cot
ION Mill at Yazoo City. Miss; or q
100000 cotton company at ltasca, Texas,
and 100000 mill at Hartman, Ienn.
The r w Poe Manufacturing Company
of Grecnyille, S. c., has decided to spend
nearly s5oO,eO0 in additions TO Its plant,
while the capital stock has bcen SUD
scribed for q 100000 plant at Corsicana,
Texas.
IRON AND LUMBER.
Side by side with plans for the 1oil
development of the iron resources OIL
Alabama, Tennessee, Virginia and West
Virginia are those for the extension
and; improvement Of the railroads really
confined to no one section OF the South.
tn Texas are in 1lourishing condition,
while the healthy tone everywhere Is
reinforced by activities in the Oil fields.
the phosphate 1nircs and other INDUS
tries which supply the material for man
,,facturers. The persistent strength OF
tine cotton market, which at present
seens destined to be maintained. at least
until the movement of the next crop
As well under way. is in itself promise
of y:gor for several months IN many
lines of trade In the Scuth.
Growing out OF this strength is
tendency on the part OF some cotton
growers to consider favorably plans for
selling IN advance the crop which they
expect to raise this season. This ten
dency has assumed one or two forms.
Regarding the proposition that southern
farmers should sell on basis OF Ne"
York futures for September ana OCTOBER
delivery, their crops OF cotton not Sel
planted, Colonel A. e. Shepperson, OF
New York. writes in this weeks Manu-
fscturers Record as follows:
mo farmer could sell his crop on the
basis of prices for September and Octo-
her delivery unless he agreed 10 deliver
81 during those months. He could de-
liver only small proportion OF ms
crop nv that time. as picking usually
goes on until December, and sometimes
much later. He could only sell with
safety for delivery in November ana De
-ce,nber. and New York futures for these
months are nearly half a cent lower
than for September delivery. The pres
ent price for November delivery would
leave the farmer, after paying frelEht'
commissions and other charges, about
seven cents per pound for uniddling cot
ton. This would not be regarded
very tempting price, since it has been
exceeded during. every calendar year
with only one exception since 1926.
HAVE TO Make DEPOSIT.
.,shuuld the farmer sell now for deliv-
erv next fall or winter. and prices before
then should advance from any reason, he
would have to make a deposit OF money
equal to the advance, and the raising OF
this money might prove inconvenlent ana
expensive. 1f the farmer should sell
more than his crop turned out to be he
would then have to buy of his neighbors
to make up the quantity. In the event OF
higher prices ruling at that time than ne
had sold at, he might thus suffer q con-
siderable loss besides having 10 part
with all of his own crop at a lower price
than his reighbors were receiving.
III. from the condition of his crop late
IN the summer the farmer should feel
reasonably confident of making 20o bales
OF cotton, it would be wise, perhaps. to
sell 100 bales for November or December
delivery against his crop III the price was
satisfaetory This would be safe and per-
fectly legitimate. and is frequently done
through Southern factors
.'The old adase that a shoemaker
should stick to his last though vert
llomely. IS nevertheless true in a general
way, the exceptions but serving to prove
the rule. 4 farmer should not try to be
a, speculator. His training. his environ.
ment, and his facilities are all against
his success and handicap him In the
struggle with men OF keener wits. greater
opportunities. and less innate honesty.
LET the farmer use better and more
scientific methods. studying closely the
needs of his soil so as to get the greatest
Yield at the least cost OF production. Let
hin. buy nothing which can be produced
at home.
More careful cultivation and the pro-
per selection and more liberal use OF Ter
tilizers would give far better results to
the cotton growers than the large an
crease in acreage. which is now SO gen
orally expected"
OTHER INDUSTRIES.
Besides the cotton mills mentioned,
4here were some important industrial en-
terpr.ses reported in the Manufacturers
Record. Among them the following:
81 100000 bridge works and $4,000 cracker
factory in Alabama: s225o.po9 mining COM
1,aay and 5000 foundry and machine shop
in Arkansas: $4,000 cigar-box factory in
99orida; $4,000 mining company. se5,ooO
lsnitting mill. $1,000 Knitting mill. 5000
.nining company. and $4,000 cotton-oil
mill IN Georgia: sso.ooo iron furnace COM
rany and 10000 refrfgerating company
In Kentucky: $4,000 rice mill and 400
BARREL rice mill In Louisiana; $4,000 cot
don-oal mill an mississippi: $4,000 tobacco
company, $50, GOD telephone company. $50
900 ice plant. $4,000 knitting mill. $4,000
furniture factory, and $4,000 suano fac
tory: an North Carolina: 500. 900 water:
power development in South Carolina:
no drag company and 5000 phosphate
css:.t:.:,t,s. T'ernersee: s5e0o9 wood
working FACTORY. sla.Sse 3 $: tor, power con-
pany. eloo. coo mining COMPANY. s;, ofa coal
company. oo.0oo photographs manufac-
tory, $4,000 cotton-oil mill. and $4,000 Ice
and bottqing works In Texas; $780, 600
electric plant, 10000 dee and power COM
many, and $4,000 knitting mill In Yir-
yE1nia;; sl00 900 coal and coke company,
S1ooo0o Tight and water company. 9l0o. 900
coal and coke company. 100000 gold
aninanc company, $4,000 wall-plaster 6ac-
tory, ana t25,Ooo OIL we'll co;npanY in West