The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-09-25
RECEIPTS HEN MER
THE PRICES DOWN
Continued From Page One.)

relatively large receipts at the ports, ina.
mt prices down here and in Liverpool
and throughout the South. That IS ali
there was to it yesterday.'
THE MILL SITUATION.
Touching the mill situation and the
price Of cotton goods, something mas a.
ready been written in these columns
Since that publication the situation has
changed little, except that more mliis
have shut down, the price OF the manufac-
tured product has advanced and the price
Of the raw material has declined.
This. of course, was the natGra! result,
based on the law OF supply and demand.
lad the farmer been wise the result Would
have been cutie different. When the
mills closed down and stopped using MS
Gotten. had the farmer closed down too,
by no longer Offering it on the market.
the price Of manufactured goods would
have gone VI, and the mills would have
resume while cotton prices would have
advanced instead OF dropping IN a fe"
days from II to 10 cents.
1t is not too late yet for the farmer
to learn this lesson. for the mills con-
tinue to close down. and if cotton re
ceiDts show no falling off the price for
it VIII be hammered still lower.
In the Charlotte and Gastonia sections.
for instance. q reduction CT 40 per cent,
caused by curtailment OF night work, and
a % per cent cut Of day work have gone
into effect n most of the cotton 1n'is.
Mills with last seasons cotton continue,
but curtail when they run out. The &C
ton has been general, and any goods
manufactured will be held until they rise
in price on a parity with cotton.
" tho ol1op n fon
mills making coarse goods are running
short time: Piedmont Nos. I. 2 and 3;
Pelzer Nos. /. 2 and 8: Clifton Nos. l, 2
and 5; Anderson Manufacturing Co, Nos.
l and 2; No. 2 the Bolton mills, the Able
vile mills, the Newberry mills, the Reedy
River, the Whitney, the Pacolet mills
(2). the Glendale mills CD and the Orr
mills, of Anderson. These mills make
standard drills and 3-yard, 80 and 4-yard
sheeting. These are all the coarse goods
mills affected by Chinese troubles. The
fine goods mills have orders enough ahead
at prices that enable them TO run full
time. Manufacturers state that running
these mills now caused a loss of 80 cents
per loom per day. Fine goods mills are
buying cotton heavily.
The big New England mills started the
closing down movement and a great num-
Der of them are now idle.
Most mills have withdrawn their goods
from the market, except mills making
finer yarns. Mills making 30s and 40s
can run on lie. cotton and Just about
come out even. while mills on IS to 20s
will lose from 1c. to &c. per pound. and
mills on heavy drills and sheetings will
Lose fully &c. per pound.
OF course nobody blameS the n%lanufac-
turer for this. It is 2 serious matter
with him. To face the situation squarely
there are but four things to happen: Cot
ton must decline or goods 90 up, mills
shut down or so into the hands OF re-
c%eivcrs. Matters cannot go on in this
shape.
But in rushing his cotton to market the
farmer does not help the situation for
anybody. He simply hurts himself.
\ FARMERS OPINION.
An Observant and intelligent farmer
in Wake county, yesterday speaking
OF the cotton situation, said:
They began to market cotton his year
later than usual and the receipts were
very light until about a week ago. Most
of the farmers will sell part Of their cot
ton, if they can get ten cents fer il. Il
it falls too low, they will hold.
| understand that the mills in Europe
are shutting down, not because they can
not dispose Of the manufactured products.
but for lack Of cotton. All the steam
ships are chartered and no cotton can
be procured by the mills in England o.
france before the 10th Of October. Some
of the mills in this country are shutting
down also, not because they cannot dis
pose OF their manufactured goods, but
IN order to effect the market for SPOT
cotton. AS soon as the farmers under
stand this +hpU will =
cotton upon the market, and will ONLY
sell enough 10 get ready money to save
the rest Of the crop.