The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1900-10-03
Will Not Run at a Loss.
COTTON SEED OIL MEN
COMPLAIN.

nauufscturers of cotton seed oil are 'sup
sgaiost' Q proposition that has already clos.
g four or more of the largest mills in the
State aud will likely csuss more mills 10
sloss down. Al the Degioniug of the s,sson
the oarkss price Of seed was Si2 per Tor. !.
The qoo'stioo later 10 the seasoo was set IA,
III oy the Atlantic Cotton Oil Compsny,
1, whieh operates four Of the largest mills in
TIE State. The pric~ hss bounded past ihe
quotation and 10 nov $40 per too. Mann.
, faoseseee claim that when the seed 10 bought
foe e9o, nyvhers from 81 to So 10 loo, Der
ten. There 10 20 expected advaace in the
'pssee OF crude or rehoed oil and all u,ills
vAiee ere nov buying at $40 are eogagiog
~ ne wisoees spscalatiou. In thi9 conusc.
tioa gentleman Who undsrs,suds the bvsi.
pseo thoeosghly said yestarday
II bed great deal ratner buy ell on the
New Iosk Bxehangs and old L. With hopes
% - sdvsses. Rs6osd OIL" be said, "cao
sov D booghs 10 New York "a cheaper than
isess - nsssssetared oy mills paying $40
Ger too foe sesd. 80
''rhs situation 10 . serious one. The pol.
icy That some Of the mile are pursuiug BY
paying $40 fos sssd 10 Q very destructive one
The csnsss Of the advance are two. told. Pirst.
the late ssasos end the opening NJ ten or
more mile IN the State. Tho uew mills are
anxtoss to Get down to business, and NOS, Of
theo are osyioe at $2o or ihereabout. The
demand asd price Of the pro6uc,s Of the
seeos We, balls, neal, oil, lioters, are not Of
suee . Seture TO warrant the safe buyiog Of
sese ~ $40. The mile are simply cutting
seeh oshss's throats. II SCENE impossioDe to
\ reach 90 aosssusnt whereby Q uniform price
een b ssssslshsd and maintained {"
The trouble. however, this season seems TO
% vish the mile. Every mill 10 at logger.
hseds with the Others. The copditicn 10
souswhas esoiiae 70 tho cotton mile when
eco oostoe 10 coming in.
ns. A. O. Phelps, secretary and ,rsssure,
of The Atlantic Cotioa OIL Company. vas 10
The city Yesterday looking over The cotton
49, sisualion and inspecting The new work
osasg done ~ the plan, OF the old Mutual
Hsosiss Covpany.
The Atlantic Company owns and controls
soss OF the 6asss cotton sssd mills in the
Snte, and not oue Of them 10 rupuiug, owing
70 The htgh prics of seed % Mr. Pbslps ss,d
Tive OF our mile fso for time at the 6rst
of tbs ssasoe, bot ws have closed oil Of them
dove sov sod do not know wneo We will
- sele 70 ssart again. issued Instruction. Q
yessssdsy 70 evsr 300 OF cur buyers TO hold
o6 usul The price came down TO SIT. I
isssve neursd 10 every way possible to buy
esed ~ 30 snd make morey. Wheo tie
800 ar'' opsesd ] sst the limit at S,7,
1--WE sesa .ag ~ the tine that u would ever
get there. but, TO my surrrlse, IL has gone
beyoed. The only thiog for nc 70 do il to
sAos dov. We esonot run and Ioss money.
TIE mile that bay st $40 are sure to lose.
Tie os'y wAy that eaa zee that they intend
oassse mosey 70 for oil TO rise, aod oil isu'i
9eieg % % shst. lie speeulatioo, aud n
wastes 70 eoeeulsts ID 90 TO New York add
90 ~ legsuuatsly. No, am sorry I do not
ksev What Tie remedy Is. I cannot say
ettb9 hoW macy uills have clossd nor how
nssy ere goteg to close. The new mile, Of
eeeess. have suall supply Of ssed on hand.
1os eesd wers boughs ~ the opening Of the
seaeoe. Whss thsy give out supposs they
vul take ssesiels visv Of The si,uaiioo and
eAcs dsvs. prosouees the coodi,ioo very
Ne. Pbs.ps ID every much pcoursseS vhb
tee psogsses Of the work on the old Nutssl
nsosRy. The ssasssy wss bought cone
neoshe go By the Atlantic Cotton OH Con.
peDy ssd 90 ooos iesee OF men Vss sss %
verk 90 iopsovsosets The capsci,y hss
esse Increased 70 TOO barrels per day, almost
eoeote soe Sosose cspAeity, snd the Storage
eopestty bee eess decreased TO 20, 900 barrels
ne oiil viil b Pss isso operation very
oe. roe,pe Was seeo0panisd to the city by
ur. o. 3. Mccullough. psssidsos sod treasurer
81 Pc De ON and Ice Cowpau-, Darling.
too. The Pee Dee Mill 10 uew one and hss
nes yss ssso cooplstsd. W. Mccullough
sssd that hs bad been buying sesd up to toe
SS4s that The price reached $40. He COO,
s.osrs ts seicidsl 10 boy ., ,ha, price Ne.
ncCe'Ieoeh 10 sa sxpsrsoesA mill mau and
anoessesede the situation thoroughly.
~. A. hcFslI, uaoager OF the oil mill
- ssis city under the course Of construction
could 90, ss seso yss,erday, ss be vas sIiebt.
y tocspossd. II 70 aodersiood, however.
mat be 70 not boyisg st $40.
Another matter which brought NJ. Pbslps
to the city wss that Of sIpor,iug the product
ofths rs6osry. He bad very little to say 10
regsrd to the matter other than ,hs, he vas
Ioseed to ship every barrel o. oil to New
fork and thes expert IL. He had nc ped TO
sss shipping room here for aooot 2I, 900
ssfreb within the osxt three or four month
ootu vac Impossible TO do So The CON-
psny whieh be rsprsssots 70 . large one aod
nas agents ia Eosland. Germany, France,
scotland, Holland and several other coun.
H'es. Last year the export business of toe
Ausotc COMPANY vas about 1900 bar.
rsis aud ihis year The business will be slmos,
doubisd.-Nsss sod Courier, Sept. 2s
story Of . Slave.