The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-02-06
Ten Cent Cotton ?
Eight cent cotton is a reality.

Eight cent cotton IS a reality.
For TWO days now spot cotton has
been selling III Raleigh at S cents.
And there are not !, few who predict
thai il viii 50 10 IL cents before the
end Of The simmer.
Farmers are rejoicing. The good price
of the staple. however. throatet Their
prosperity There IS now. for the hrst
time. danger of overproduction next s"a-
son.
Among the farmers on the streets yes
ter,ay there was talk such as would lead
one 10 this conclusion. 1t is TO ne hoped,
however. that this will not be done
even il the price goes 10 I'D or even Il
cents.
son. sEaakng of the improvement IN
! price OF cotton. last night said:
There. IS far az | know. no general
! disposition a~ yet amen@ the farmers 10
! plant larger cotton crops next year 1t
is 10 uc nunpd there Will be none.
! Il should not ,e surprised IL cotton
1 Went 10 10 certs. The crop IN other
/ Southern States - shorter even tnan II
! is iii North Caro.na.
/ The experience Of recent yoars-tho
! misfortulleS that attended increased acre
! age in cotton-shou!.i teach the farmer
! that his true interest lies in diversity
of production and rural pursuits.
Despite he increase in price the re-
ceiIrs OF cotton on this market continue
small
/ Secretary Hestcr'S New Orleans Cot
ten Exchange statement issued Thurs
day covers the monthly movemenr 10
! the chose. Of January. Compared with
last wear the month is behind in round
figures 20 $50 bales. The total for Ian-
uary was SIS. 40. against /. lf9,9S::s last
year and i,:;sSS334 the year before lasc.
The amount brought into sight from
September 10 January. inclusive. shows
i decrease of 2.O44. 600 under las, year
and 4 decrease Of .>:,3.utD under year
before last The movement from Sep
rpr,i>cr l. to the close o. January shows
receipts AT all United States ports Of
-t.14o.911 bales. against 6.S'Gt.HH4 last
Z year. ami 6.1O2.all year before last. The
net overland mayelnent by raiIFsaas
across h Mississippi. Ohio and Potomac.
river, was 317.et4 bales. a.ain>, :,Si.-
$50 las, year. The iola amount Of cot
ton brought into sigh, during The five
m.nfhS .1lding January | was ,;.A,1 1873
bales. against S.r31.::} last year
Exports for the first FIVE months Of
nc season have been :3;,:3.3,aa..,,i bales,
showing dacrc;,s, FROM last season Of
] ..Go17u halc>. I'll. loss III exnogi :
during January. compared with January
laSi var, has been 2G3.I.f.
Stocks ii the seahoard anf tho ~
. leading ii,cr:or markets at the close o.
. January Mere l,69n.>:,o bales. against
.f1,.tl,n he same date las. year In
c!u,liftg stocks left over Al ports from the
previous season and the number OF bales
Cf rh4, ..n~ Mt |r,iI,rht i,tn III
dErin: the iivc months. he supply mas
been 1.i1o,:::;ti. against 9.l'i3:;.E3S la~r
Year and S.Nu1 .4S1 The year before
New Orleans Ten -,-Secrctary Hes
! t"rS weekly New Orleans Cotton LN-
| change Statenlcn, shows IN increase in
: the movement into 5.cnt compared Nth
the >i'ytn days ending this date last
7 year Of Loco bales, decrease under the
J same time year before last f ft.GE
{ bales.
The amount brought into sight dur
ing the past week has been 272.99?
i}aleS. against 2tU.S4:, hacs for the seven
5 days cnGin" Ills date last year. and
for the Two days Of February Ii has
I been .,9fNf bales agail~, .I2.lHl baic~
I last year.
The tpta! movement for the Is, day
1 from Sep, mEc: lst 1o date i, f;.9O7. Iti-
bales. against S..iS023 bales last yral
: and S..til.s2O bales year before last
: The movement since September Isl
: shows receipts 1T All United States port
t 4S31.!I1 bales. against G,S42.21i bales
G last year: overland across -i:t Nl>>l>s
II ilpi Ohio and Potomac Rivers to \orth
Z ern n.il~ AMI Canada :21.:''t2 bales
. against :}}:s.:,.,S bales lasr year: interior
, stocks IN excess OF these held At tax
e Close Of the commercial year t l.l'G
II bales. against 44i.I14 bales last year
: and Southern mill iakins> were .Iil
g bales. against Gt3,34O bales last Year.
!, Foreign exports for the week have
. been 1S4.1AS bales. against 2I3.212 bales
II last year making the total thus far foa
i the season :'.:'So9S:. hales. against ,.
: 3l4.Gio bales laSi year.
The total ,akinyS Of American mills
North ami SoEth and Canada thus fal
FOR the season have been >, 467 :}222 bales
against .a.22SS.9Sl bales last year.
G StoCks at the Scahoard and twenty
nine leading Southern intc3io: centres
e have decreased during the week 14.i31
{. haies. Il" ainSt IL decrease during the
:. corit>i nding eriod last season Of Ill.
: f:s1 bales
|. Including stocks left over al ports an
! interior rowns from the last crop and tn
n number Of bale> brought INTO sight thu
n far for thf new crop the supply TO dat
IS '.o26,ttW bales. against 9.213.oS3 bale
for the same period last year.
- Secretary Hester'S starement Of III
worlds visible supply oI cotton shows u
increase for the week just closed Of 81
SOB bales, against a decrease of iI,l1
bales last year.
The total visible is 4.14O.132 bales
: against 4.1OS.269 bales last week an
: .'o4o.62i bales last year. OF this th
total Of American cot1on iS :;,361 15
bales. against 3.:,6S.26!s bales last wee
and 4.614Go6 bale> last year and Of Il
: other kinds. Including Egypt. Brazil. IL
dia. etc. 10000 bales. against l40,00
bales last week and 81 600 bales las
: year. OF the worlds visible there is nov
afloat and held in Great Britain an