The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-10-09
Cotton Back 70 Ten Cents.


strength Of advances in Livarpoo, and
New York Cuotati-.ls.
Farmers are, as u rule, willing to sell
at II cents, but they are dissatisfied with
anything below that. They believe their
co-,on is wcr,h it, ana that It must
bring u cents or mere before a new
crop can be raised.
Fer this reason the receipts on the
Raleigh market during the past week
have shown decided falling of. instead
OF the increase that would naturally
fave come with the progress Of
the picking and ginning season. The
wisdom Of the farmer in holding his cot
ton viii be realized later ii the season
when he viii get II ana II cents for all
the cotton he can put on the market.
During the week ending September %
there were received on this market from
wagons ,107 bales. Cotton sold during
that week for more than 10 cents. Then
it declined steadily until it was below 10
cents, and a result, during the last
week lending September 29) the receipts
were only 1,151-or nearly a hundred bales
q Gay less than during the week before.
The picking and ginning of the crop
shows q better yield per Gcre, in some
sections, than WAS expected 4 month ago.
| IN other places the acreage has been very
| materially increased ard though tie crop
IS an inferior one the number Of bales
| VIII exceed that of last year. These,
/ however, are the exceptions; as q rule
! the picking and ginning confirm the unfa-
| vorable reports Of the summer.
THE PRICE MUST Go HIGHER.
'sThe crop is undoubtedly short said
/ the secretary and manager OF one ct
| the largest mills in the State, yesterday
| There is not enough cotton to run the
| mills through the next season and the
| price is bound to 80 much higher than
| it is now TO argue Otherwise would Dc
verse than foclisEncss.
The only ching that keeps cotton dow
new is the mill situation. That is in bad
| shape The price Of ne aufacture<i good:
is lGw and the demand for dry goods i:
| limited Hence you see thc difficulty il
! advancing the price cf clifton goods Il
| correspond with the advance il the raw
material.
''Hut the officers Of the Southern Cottol
| Spinners Association have made arrange
| I1ents for q meeting in Philadelrl::t thi.
| week, at which prices for yarns VIII bt
advanced, ard ! hope maintained"
How 90 you think this can he done p
only by closing down the mills Thi;
Will curtail the supply until the GIu
in the dry goods market is relieved ant
the demand is stiffened. With that situ
alton q reasonable advance in price cal
he maintained All of the Southern yarl
mills have been anticipating the arrange
ment Of the new schedule Of prices arr
consequently most CT them have declined
to accept orders for future delivery.
.SWhat effect would this closing of th'
mills have on the cotton MARKET
1T would of course, have q dCprcssin:
effect at first, in fact almost as long q
the mills remained closed down; but whel
they started up again the demand 70
| cotton would be so strong as to advance
it IN price.
'tThere can no longer be any doubt Q
tho fact that the present crop of cottoi
is net sufficient to meet the demand an
those that set what cotton there is vii
have it TO pay for
MEETING OF THE SPINNERS.
The meeting Of the spinners in Fhila
Gelphia viii begin today and continue til
Thursday. It will be held at the Lafayette
Hotel, the same place at which las
! years meeting was held.
| The annual meetings of the asSocia
ten arc held in philadelphia owing t
the fact tnat the Southern manufacturer
regard that city as "TGc Hub OF tn
cotton yarn trade.
The first Or preliminary session VII
he held tiis morning, followed by regu
lar business meeting tomorrow. and i I'll
schedule is not completed, adjourHmcn =
VIII be taken until Thursday, 'Fhan tn
work will be finished, and ali the manu-
facturers CT Southern cotton yarn notifie
Us 10 the schedule adopted.
The following North Carolina mill
have already si5nified their intention Q
having representatives, attend the meet
ing: Granite Falls Manufacturing Com
rany Granite Falls, n c.; Belmont Cot
tol Mills. Shelby, \. G.; TuckasceE
Manufacturing Company 1T. Holly :
G; Midway MiIIs, Rockingham, n. G.
Vance Cotton Mills. Salisbury, \. G.
Ledbetter Manufacturing Company Rock
inghaIr, n c.: Monroe Cotton Mills
Monroe, =. c.: Vivian Cotton Mills, Cher
ryviiIe r. c.: Albion Cotton Mills. u
Holly n c.; Stanley Greek Mills, stan
log Creek y. c.: Elm GcCvc Cotton Mills
LincoInton n. c.: Magnolia Mills. Char
lottc, y c.; Elk;n Manufacturing Com
pany, Ekin \. c.: Lippard Yarn Mills
Concord. n c.; Union Cotton Mills Mai
den, \ G.: Providence Cotton Mills. 9ai
den, n c.: Maiden Cotton Mills
, Maiden, n c.: McAden Mills. McAden
Vile \. c.: Newton Cotton Mills, New
ton, \. c.