The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1900-09-14
CAN CONTROL SITUATION

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'efs OF tho situation than that which
IS prrsontoi at this time. There
Will D" no surplus cotton carried
over from tho last crop to affect the
Salo of the next crop. Tho mills in
all parts of tho world arc alreadv
short of cotton, and must coma
actl'ely into the market as BUYERS
Mover b~'"ro in tho history of the
"orld has there existed 50 great IL
demand for cotton goods, and with
corrospondingly biz prices for tho
finished fabric. Tho m;lls must hovo
raw cotton, which will be in our pos.
session, and if wo know and demand
It's true value, it will DO paid. With
already an estimated crop of loss
than i0,00O,000 bnlos, wo should re.
c'lve not loss than 10 cents Der
pound Tor our cotton this season.
with tho united concert of action
ana method of marketing tho crop
III business liko manner, thcro can
bo no question of success.
FUTURE or COTTON.
fllty years ago, the world con-
sumod only two and half millions
OF bales of cotton, today it requires,
for annual consumption, eighteen
million bales, an incroaso Of ovor
900 per cent. in half century. AT
ono time, wool, flax and silk wero
active competitors, but this competi-
ton no longer exists. Machinery
has boon perfected which will make
COTTON goods noarly as warm as
wooden, as cool rs linen, and AZ tins
as silk. Cotton today occupies a
peerless position in tho trade Of the
world' and is moro king today than
ut any time in its past history. The
South furnishes two-thirds of the
raw cotton Of the world, and she will
always control tho cotton markets. Of
tho world. Nowhere else on the
globo arc those three essentials neo-
ossary in the production of cotton
SOL, rain and sunshine, SO nicely
blended rs horo in tho South. There
arc today 105,o00,O0O spindles in
operation, they furnishing enough
cotton to keep in constant uso IS
100000 spindles. OF this number
about 100000 spindles are located
in the South, hardly 5 por cent. of
tho cotton manufacturing industry
Of tho world Tho European nations
will always look to tho South for the
raw material necessary to furnish
clothing for their people. Our COT
ton trade is fast entering tho terri
tory Of tho Asintc nations. where
moro than 500,000,O00 people await
tho introduction of our cotton goods
to receive thom for consumption.
MARGIN OF DIFFhRENCE TOO GREAT.
Tho margin Of difference between
tho price of our raw cotton, and the
finished fabric has been too great in
favor OF tho manufacturers. Let ia
illustrate. Tho market for our LONG
staple cotton opened last season at q
price fixed by the buyers at cents
per pound. A largo amount of the
staple was sold at that price and
shipped to tho factories in tho east.
The yarns manufactured from sea
island have been selling at from 80
cents to Sl.l0 per pound. The
Coates- Wiliamantic and other thread
manufacturers arc today marketing
eight dozen spools of thread from
ono pound of long staple cotton.
Tho manufacturers prico on thread
is % cents por dozen, the retailers
price 90 cents. Tho farmer who
buys thread for bis family is paying
SLSO for the Same amount of cotton
worked up into a finished fabric,
which ho sold last year at 8 cents
per pound.
WORLDS COTTON SUPPLY.
Wo arc now faced with an actual
cotton famine IN tho worlds supply.
if demand keeps pace with that Of
tho last IL months. 1t is already
conceded that the South can harvest
this season but little moro tban
o,0OO.OO0 bales. Tho mills have
consumed 100000 bales during
the past IL months, made up of tho
2,OoO,000 bales surplus carried over
from tho crop Of 1893 and the O..