Evening journal., 1900-12-13


which VIII probably be about s500000l
bales-will yield at least $3.50 600 00O |
And for the first time in the recollec-
tion Of the business people Of thel
South high prices came at the vsryl
beginning Of the season, 50 that the
farmers got the fun benefit. and rotI
Northern spectators. Counting the
value Of the cottonseed which has now
become such an important factor in thel
industrial life of the South the cotton
and the cottonsoed will yield to the
farmers at least s5OOOOO.OOO, or an in
.crease of from sl50,OOO.OOO to 5000 ,OO0.-
1000 over the average valuation OF
recent years, making this by far thel
most valuable cotton crop ever pro-
duced in the South.
The increase of cotton manufactur-
ing IN the South, which has been sol
phenomenal, is illustrated in the fact
that the consumption of cotton by
Southern mills will this year be about
1 100000 bales. against 100000 bales in
1896 and $4,000 bales in 1890 The
Gotten manufactured at home will yield
to the South in the finished goods at
least three times as much as in the raw
state. so that the 10000 bales, worth
in It's raw state at present prices
about $4,000 600 TO sSOOOOOOO viii he
worth IN The shape of finished goods at
least s225 900 600. thus adding Sl5O,O0O.-
900 or more in the process Of manufac-
ture. Adding to the manufacture Of
cotton goods. the immense business of
cOttonseed oil. hulls. etc, and the cot
tom crop of this year will bring to the
South not less than s75OOOO.OOO.
Other agricultural products-corn,
wheat, sugar and rice-will increase
this to over S1,25O, 900, coo. The mineral
and manufactured products OF the
South, mot counting cotton goods, will
probably be worth about 81 500, 100000,
so that the closing year Of the
century will give to the South a total
value OF its agricultural products of
over s2,75O. 100000.
In all o: this great business of ag-
riculture, mining and manufacturing
there is at the present time a very fair
profit Cotton mills, it is true are rot
making as much money as last year
because their product has not yot IT,
creased in price as much as the in
4 crease in their raw material. In the
iron business, in which there was q
2 considerable decline before the election
there is marked improvement, witt
higher prices and increasing activity
, Coal mines throughout the South ar,
pushed to their utmost capacity anC
are unable to meet the demands.
Naturally, in view of this activit!
and prosperity. the railroads of thu
, South are crowded with business, witt
\ every indication of a rapid expansion
f of traffic, both freight and passenger
= Along the line Of the Southern Railwa,
: from Atlanta, Ga, to Danville, Va, tn
Il traveller is scarcely out Of sight of neV
a cotton mills. At some points three o
l. four mills, costing from 100000 {
) 100000 each, can be seen under con
i sEuction, and you have scarcely passe
. :, out of sight Of these before others an
If seen. Several million-dollar mills al
going up along this line.
Travelling a few days ago with
le number of Northern people, contir
10 ues Mr.. Edmonds, Il found that the
10 were amazed at the number and maj
e. nitude Of the new cotton mills alon
re that line. Nowhere else in the countl
rs have l ever seen so many new ente
to rrises going up along the line of OF
II road as is seen of the cotton mills b
a tween Danville and Atlanta. On mar
m other Southern roads there is also vel
ch great activity in new cotton mills,
al well as in diversified manufactures.
in In a two-week trip. in which / m
In great many merchants and busine
a. men, many of whom. of course, HI
ed voted the Democratic ticket, / did n
ng find single man who was not reioic
he at the election of Mr.. Mckinley. Ev
,te those who voted for Bryan because
sss the race issue. which is the domina
to question in the South, believed that [
,as election of Mr. Mckinley would be b,
On. for the business interests of their s,
lg- ton, and they are rejoicing now II
i've the South has before it the magnifcs
m condition of the present and the pr
md pect for four years Of uninterrupt
e. work for the broadest development
their section"