Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1900-03-18
Many Industries Planned Through.
out the Southern States.
THE EQUAL UNKNOWN
Cotton Mills Sprlnglng mp Everywhere,
Iron Resources Being Developed,
Railroad improvements and
Other Enterprises.


Of optimism resting upon "A substantial /
foundation Through the Piedmont sec
ton new cotton mills are rising here and I
there Hnd established ones aro prepar.
ing 10 enlarge their operations. while
mill building enterprises arr likewise
advancing through the Mississippi val. |
ley into Texas a. prospect for larger
demand in the east for southern made
goods widens.
The past week has been notable for
anngucements Of this kind. In the
Manufacturers Record are noted the
determination % erect t600,0O0 plant
Of $500 spindles and about go looms
for the production Of print cloth at
Aiken, plans for a sio0.0oO mill near
Columbus, Ga. with e0OO0 spindles aud
proportionate number Of looms as an
addition % the enterprise Of the Bib
Manufacturing company, Of Macon. Ga,
the organization Of the Yazoo Cotton
Mill at Yazoo City, Miss. Of a 100000
cotton company at Itasca, Tex, and
SlOo 600 mill Of Hartman. Tenn The
+. W. Poe manufacturing company 81
Greenyille, ;. O., has decided 10 spend
nearly $50, 600 in additions 10 is plants.
while the capital stock has been sub
scribed for SlO0.O0O plant NJ Coricana.
Tex. Side by side with plans for the
full development of the iron resources u
Alabama, Tennessee. Virginia and West
Virginia, are those for the extension
aud improvement of the railroads rally
confined 20 no one section of the south.
The lumber interests from the Carolinas
10 Tems are in hourishing condition.
while the healthy tone everywhere Is n.
informed by the activities in the oil
fields, the phosphate mines and other in.
dustries which supply the material for
manufactures. The persistent strength
Of the cotton market. which at present
seems destined 20 b. maintained at least
until the movement Of the next crop l.
well under way. Is in itself promise of
vigor Tor several months in many lines
OF trade IN the south.
Growing out of this strength Is a ten.
dency ou the part u some cotton grow.
ers to consider favorably plans for sell.
ing in advance the crop which they ex.
poct % raise this season. This tendency
has assumed one or two forms.
Regarding the proposition that south.
ern farmers should sell on basis Of
OF New York futures for September and
October delivery their crops of cotton
not yet planted, Colonel A. b. Shopper.
son Of New York writes in this weeks
Manufacturers Record as follow:
"No farmer could sell his crop ON the
basis Of prices for September and Octo.
bcr delivery unless he agreed to deliver
It during those months He could de-.
liver only small proportion Of his crop
by thnt time as picking usually goes on
until December and sometimes much
later. He could only sell with safety
for delivery in November and December
aud New York futures for three months
are nearly half cent lower than for
September delivery. The present price
ior November delivery would leave the
farmer, after uying freight, commits.
sions and other charges, about cents a
pound for middlingcotton. This should
not be- regarded q very tempting price,
since IL has been exceeded during every
calendar year with only one exception
since is2G
"Should the farmer ssll now for next
fall or winter and prices before then
should advance for any reason, hewould
have 90 mako q deposit of money cquil
% the advance and the raising Of thi.
money might prove iuconvcnicnt and
expensive II the farmer should srll
more than his crop turned out to be u,
would have tl hay of his nriphh0rs o.
make up the quantity. In the event of
higher prices ruling 40 that time thnn
he had sold at. he might thus suffer %
considerable loss, besides having tu mrt
with oil of his own c-lpat lower price
than his ncighhors were receiving. II.
from the condition Of his crup late IN
the summer, the farmer should feel roas.
onably confident Of making 200 bales ol
cotton II would be wise, perhaps, To sell
100 bales for November or December de.
livery against his crop II the price wa,
satisfactory.
"rhe Old adage That shoemaker
should stick 10 his last. though very
homely, is nevertheless true in a general
way, the exceptions but serving To prove
the rule. A farmer should not try 10 h,
a spoculator. His trimming, his environ.
mcnt and has facilities are all against his
success and lapdicap him In the strug.
Gle with men a. hac.s- wits. grVl,er op