The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-09-25

snort crop, you can only hone to Obtain a
low price. The mills of our State will
want and consume more cotton that is
made N the State. after deductinC the
saleS CT october, November and December
the great buik OF which is shipped to some
foreign country, there is a general revival
| or impetus not only in the cotton milling
business Of this State, but throughout the
entire country. All goods manufactured
| from cotton is not only bringing a good
price but an advancing tendency and q
growing demand; every indication points
| 60 still higher price. This condition Of
| affairs, will Of course, stimulate the mills
| to q greater production Of the raw mate
| rial. We have every indication of an ear
| ~ fall, light frost having already appear
| cd IL our State and further South;
| heavy frost, as you know ends any fur
| Iher opening of the bolls. The consensus
OF opinion, derived from the public prints
| CT the day and those who are an authority
| say there VIII be no top crop at all ard
/ not moro than 1-3 to y of the middle
| crop. If such predictions are approx
| mately true. there will not be enough
OF American cotton to meet the demands
| Of the world. So far as our information
| goes. the mills Of our State compara-
lively speaking, are without any supplies
/ 1NtS'>i
| Gated and SO accessible to a large mum
| Der OF mills in this State as well as those
| in OR city, renders it a most desirable
| market to have your cotton in. If cot
| ton should be scarce this coming spring
| we feel sure in our prediction, that as
| good, il not better net prices can be had
| here than in any other market in the
| country. This market supplies more mills
| than any other in the State In a recent
| address to the farmers Of North Carolina
| by such intelligent and business-like mon
as Graham, Parker, and others, we make
| this sensible extract:
Among other things, it might be ar
| ranged for Z system of storage ware
| houses or some means by which the crops
| would not be thrown on the market in a
| slump but the sales be regulated, SO as
place the different non-perishable crops,
| especially cotton. Oh the market system
| atically throughout the year
''Some claim that the farmer would cre-
ate trust, if they unite and combine to
further their interests, by holding their
| cotton. Not SO. Would any enc say a
man was a belliSerent character by simply
defending himself wnen attacked?"
In the light Of what followed the farm
| ers and others can see that if all had
followed the advice of Capt Thomas they
! would have put money in their purses
Capt. Thomas has issued another circular
| letter, dated September 10th, from which
We take the following extracts
This month last year we issued cir
| cular letter setting forth cur views IS tC
the future Of the cotton crop Of 1899 and
| 1900. AS to how correct we were. those
who awaited themselves of our advice vii
| I1-J, c+o oc3
year reaped profits in the aggregate
something near $4,000 over and above
what could have been realized when the
cotton Was put il store.
The business Of the Peoples STORAGE
and Mercantile Company viii be undel
he control and supervision of J. J. Thorn
as S. w Brewer and other competent as
| siStants The authorized capital OF the
| company is 1925, eco, whose receipts fol
cotton are negotiable at any bank. Yol
can get samples of cotton stored with Us
! on any business day of the year, sell il
for yourself or we viii have it sold fOl
YOU obtaining very best price to be had
| TpOn proper margin being reserved, VIZ
| will make advances in cash for cotton il
hand or bills Of ladirg for same, Interest
| at rate Of per cent per annum. In view
| of the action of the Manchester spinners
| and cotton dealers TO ulSC0nl1nuo buying
, | American cotton for limited time farm
ers should offer only a limited quantity
of their pickings during the months G
September, October and November-jus
enough to feed a legitimate demand from
spinners and not enough to create a glu1
| in the market. Such a course will pre-
vent any depression in the price. 1t il
| conceded that the past season was tho
| 1n -C
continued hot weather causing the younG
bOlls TO open prematurely, hence cannot
cxpcct but little or no yield from what
is known as the top crop. The present
| crop is unouestionah!y q short one. The
report September 10th, of the Unitcc
States Department Of Agriculture is re
| rarGcd rs the worst on record being 6S
30. the decline in North Carolina since
| August 1st, j points, being now only 81
loss than 2 two-th:rd crop. No one who
: is at all familiar with the conditions o
the crop viii predict crop of over tt
, ~ million bales. If that be true under 6
normal state of trade prices must mate
! rally advance Those who have made
tho cron Il study, and usually quite corr
! rect prcdict that by January next cottor
will bring II to 12h cents. While the
, crop fer year ending September 1st, 1900
was about two millions bales shert OF
| crop for year previous, it is pretty wei
ascertaincd that it brought approximate
" eioht-one million dollars more il
! money. This goes to prove the folly OF
nutting so much Of your lands in cotton
| There IS no cid cotton held in Raleigh
warehouses. So those who wish to store
t their cotton (and getting advances on
same il Gesiredl viii be prepared to meet
t | he demand that must surely come from
ont state 3DinncrS. This market supplies
. | more Of the 169 n. G.. Mills than any other
| in the State. The Cotton States AsSo-
: ciation composed Of the Commissioners
| of Agriculture of the different States and
. other distin nguished members, held then
; | annual meeting in Raleigh, August 2Sti
last Mr.. O. B. Stevens, President OF the
g. s A. says that the short crop prom
;ses better profits in cotton during this
| season than heretofore. Our company
! was selected last year by q committee
| representing the farmers of this county
, for The storage Of their cotton and ad-
, | yances upon same when desired