The Marlboro democrat. [volume] (Bennettsville, S.C.) 1882-1908, 1901-04-05
THE ! COTTON MARKET
I 'ahe Holders, 81 ot spots Gan con.
troll Situation.
NO No, REAI'soN FOR DECLINE.
Sigh Time f,r tho South to As.
sort i,s lndepsnd dsncs Of
|. !. spsculasors Who Depross
P,ica OF Cotton.

9 psCu'a 'ot 9 VINO Oepros8
a:s1 P,lca Of Cotton.
That the pretout depression in cot
ton In due entirely 10 manipul alton Is
pho positive opinion of some Of tho best
Informed man in the trade. Tho Au
gusta Chronicle says it is pointed out
sbat thore is no moro cotton in sight
than necessary for con sumption and it
)is-urged chat tho south hold on to tho
staple until a moro normal condition Of
Tho market has again como about.
4 sSfALLEsT STOCKS ON RECORD.
4 Mr.. Alfred b. Shopperson in his 70
Wow Of tho season Of 1899 1900 and the
prospect for 1900l90l says that at tho
Close OF the European season on Sep.
Sember 30 tho stocks Of cotton Of all
3etowths in Europoan markets were the
smsllest re corded in 6fty.cight years.
Pith the exception of 1863, whom in
consequence Of Inc civil war tho Nuro
fcan stocks W. 70 reduced 10 ESQ, 600
bales. Tho stocks last Sopte mber were
not enough for two weeks consumption
of Nuropean spinnors, The consump.
.tion 'of American cotton last season By
5Amarioan and foreign mills was about
sIl, ,00O, 600 bales, My friend, Mr.
Ihomaa Ellison, Of LIVERPOOL, calls it
~, 99O, 600. being 666, 600 bales more
than the estimate published by him at
the v eginning Of tho season. In his oirou
lihEr Of Ootobei20 ho stimatod q re duo,ion
lsliB season in American and Japanese
yonaumption Of 378 900 balos, and an
crease Id European consumption Of
My, 600 bales and with the expectation
nf larger supplies than last sc aaon from
Countries other than America stated
:tIst On American crop of 1882, 900
bales would be required in OF der to keep
the. stocks at tho end Of the soason from
falling below tho limited supply at tho
0mmenoement.
b ~ WILL BE NO SURPLUS.
80 We see that the leading experts
agree that a oropof more than ten mil
lion bsles is necoessary to meet the re-.
igaire ments Of tho apiuners and yet Mr..
Shopperson s estimate of the Drop made
;ih Decomber;is $500, 900 bales. Allow-
sihg for 8 wide divergence there is not
ANY moro cotton i'm the world than the
ssttSSgde needs. s
ls KS NO RELIEF EoR SPOT MARKET.
y A Agsin Mr. Shepperson says:
lt;ig most likely that there will be
ora 1lD 6reSge In tile cotton
aotSsege in this country next spring.
While this fact would doubtless dopress
to somo degree tho price Of .'futuro
deliveries" for che next crop, it would
not relieve tho market for spot cotton,
4 fully agreo with Mr.. Ellison that there
would not be any plethosa Of cotton
even il the crop should exceed 10, 75O.. q
600 bales, Cd the distribution would be
epread over such q wide area that there
would be no great ( accumulation Of
stocks anywhere"
Allowing for all the adverse condi.
tions in the cotton goods outlook and
the rumors Of trouble in Asia there 10
no reasan why the south ahould throw
hor holdings Of cotton on tho market.
The South must assert her indepen.
denco Y. X Ii ~ Il 8s! # Isl N
''Tho SOUTH" said one gentleman,
oannot afford to play into the hands Of
tho manipplatory who would rob this
section of the honest fruits Of toll,
There mover was q moro opportuno timo
for this section asserting its indepen.
dence. 1t is in their power to sacrifice
the remnant Of tho crop that is here"
sai3: And this is not merely Wow from
southern standpoint. In tho Atlanta
Journal'of Wednesday is a letter ad-
dressed to Comm 'ssioner y. b. Stevens
from q prominent New York cotton fac.
tor who urges Mr. Stevens to continue
his efforts with tho farmers not to in
crease their cotton acreage. His letter
follows: I.
Now York, March 10, 1901.
Hon. 0. B. S,cvons, Commissioner OF
Agriculture, Atlanta, Ca:
Dear Sir have observe that what.
ever has come from you in regard to
cotton has carried considerable weight,
and want to say that unless some
thing is done that tho southern farmer
will be confronted with five cent cotton
again next fall. The idea prevailing
that It will tako years for tho staple to
go back to that price is all wrong, Cot
ton in January sold at 1915 and today
next January sold at 7.40, a decline OF
abous4 10 cents per pound in six
wooka. This condition has been
brought about by the mills absolutely
refusing TO pay Tho price, and oombin.
ed effort on tho part OF tho Mills, dry
goods people, cotton factors and speou.
lator. Should the acreage be ss largo
as last year, mills all ovor the world will
buy from hand to mouth until tho new
crop 10 made, should conditions be
favorable AS evory we'll posted person
kno@a we could have easily made12 q
millions last year Wit favorable seasons.
Should tho aoyago be Increased 10 any
considerable oxtent and conditions re-
main good for tho gro ring crop with
present trade conditions Elk cents will
lcok ligh for cotton next November.
mr. only hopo the farmer has is to
ont hia l,rop, and not plant all cotton,
hut norn, - snd other things. Should
farmora = iat their cotton Drop ono fourth
th;a uoari they would get a big rrice
for oottnni @ now hold by them. Also, for
M iSa % ns~t crop, and in tho event the
nayt nav oron; ~ Is inoressed they will sell
What thspI I nov have cheaper than they
abnm,d hon ,ad next at tho most ruinous
nrica ] oonx 'idoring the cost Of labor,
nrovia;onaS @ etc., we have over seen.
Everybody - asalnst INC prioo oI ootIon
ina 7 "a g 8 soonta o big price, the only
hono tho douth has now is to ourtail
acrara uSp In il ],otton and raise plenty Of