Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-12-23
SOFT YARN MEN.
A BulIish Meeting Of Southern
Spinners Held in Charlotte.
Price Advanced In Anticipation of Febru-
AIRY Orders For Fail Goods Opposition
to tho Proposed Concentration Plan.
The chalotte Observer of Thursday

The Chalotte Observer of Thursday
says:
"A meeting OF the Southern Hosiery
Yarn Spinners' Association was held
at the Buford Hotel In this city yes
terday. The meeting began at 10 O..
IN. and lasted until 2 o'clock. Among
those present were Chas. Adamson. of
the Cedartown (Ga.) Cotton Company,
The president of the association; ]. f..
Taylor. OF kinston. secretary; Jas. w.
Cannon, of Concord; Mcmillan, of Tall
iadeSa. Ca; Fountain. OF Tarloro:
LoveJoy. of Newman, Ga: McLain. of
High Shoals; Robert NJ. Oates. of
Charlotte; Beattie. of Edgewood
Johnson, of Charlotte. The members
and the proxies present represented
100000 spindles.
The meeting decided upon an ad-
vance in the price OF soft yarns from
II cents on q basis of lvs. to l7ls cents,
with the usual quarter cent rise for
each number up to 22s.
There was u strong sentiment to
make the advance Is cents. but 17H
was made the minimum. and the ques-
ton of further advance was left in
the hands of the committee on prices.
composed OF Messrs. Cannon, Taylor.
Johnson. Gibson and Oates.
OBJECT Or MEETING.
After the meeting President Adam
son talked freely with an Observer re-
porter. THE meeting was called" he
said. FOR the express purpose OF max
Ing an advance in the price OF the
Southern soft yarn product. The sentl-
ment was decidedly bullish. due To the
fact that the general condition of trade
in all other lines is good. and consider
ing the rise in price of cotton and the
NJ n .ot nf l.Aft, "A
those who wanted to fix the price at is
cents did not consider that the price
made. 17R, was high enough TO give
the reasonable profits that the mills
are entitled to and should have.
THE mills of the South are by no
means overstocked with cotton. and II
is evident that the cotton to be bought
in the near future will be about on the
present basis of prices. if not higher.
The contracts for fall goods are made
in the month of February, and this
meeting was called to set the price
upon which such contracts shall be
taken"
THE CONCENTRATION PLAN.
Did your association take any &C.
ton on the concentration plan pro-
posed by the Southern Cotton Spinners
Associations" Mr.. Adamson was asked.
THAT matter" he replied, lis still in
the hands of the committee to report,
but you may say that the Southern
Hosiery Spinners' Association is dead
set against it. The Southern Spinners'
Association admits that we have stuck
to our prices. BY that 1 mean that
whatever price we have set we have
stood by and secured. That associn-
ton has wanted us to become a de-
partment of 1t. but we think that we
can serve our purposes best by going
1t alone. and. further. that each asso-
ri In Sln n-l, 10
ton.
I'VE are in sympathy with the
Southern Cotton Spinners' Association
and will give 1t our moral support, but
you can say that there is no probability
whatever of our association Joining in
the proposed concentration PLAN"
The heXt melting OF the Southern
Hosiery Yarn Sp!nners' Association
will be held in this city on February ii,
1901. ST. Valentines Day.