The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1902-02-11
CROP OF $500, 900 BALES
The Present Rate Of Consumption Will
Soon Exhaust It.
Trade n EUROPE RAPIDLY IXoAhDlhG
Inc Nils at Home All Fully Employed. Re
ce,p's Of Cotton Failing OF Daily BY
Reason Of Inc Exhaustion Of
Supplies.

Special 10 News and Observer
New Yors. Feb. ut has come - ~
knowledge the, within the past .,w 1a,s
4 report has been industriously e.r,nl&
I'd nat. Notwithstanding nv vide.
Published circular Of January 18th. an
ne vi W. therein expressed. haE.
changed my opinion with regard "a tic
size o. the crop and the course d the
E.arhet. Were it not Tor tho implication
ot insinc,rity involved | should ignor.
these reports entirely, but Inquiries RI
c,Iyed from many friends impel nae :;
tho risk Of seeming somewhat egotistIlal
TO deny them most emphaticaily. ~
the season develops and the moveIaen: @:
tne egol progresses, the probability thGt
/ hiEaeF Iricea Will be realized for cot
Jao becomes, in my Judgment. mere aud
more Of a certainty. The following yroDo-
, siCons ! hold TO BE- Gelf-cyident.
/. That this years crop OF American
cotton has moved more rapidly than r: !.
aGy crop ior many previous seasons.
Z. That The light receipts at presen;
are uuc TO comparative exhaustion Of an
seen supplies.
% A"t III - - - 49, h|btA '--'P-Ec'
bales of last years weight, ana that iris
Supply VIII lie vholly inadequate 10. he
wGTld's requirements Il the present rate
Oh consumption.
/. Thai despite Interested reports ia
the contrary trade IN Europe is iapilly
| CNI andirg, he causes Vfich make fog
Sch 2.pGnsioa being the rc-op.uiuE o.
/ TIE Chinese market; the termination o.
. me famine IN India; The imminent ~a,-
| dement's Of the South African war tal
tie Industrial improvement in GarnlaIr
:. That all reliable ources OF infer
ma.icr with regard % the condition q
American manufacturing trade abundant
" att,.t - fact that the mills arr tl!lS
employed ana will require sufficient cot
ton 10 Keep every spindle going uricse
the market advances 10 . prohipitigc prizes
and lhat. mislod by over-cstilaatos G! tIt
crop. American spinnera have not IS yci
.ecuIsf as nucl cotton as they had
bought nnto This time last year, ara
from now CT will therefore h ohlirei 4
purchase Al increasing supply a7 com
pared with last season.
{. That he excess OF exports of Artri-
c@n .otton firm the United states nu.
far this year IRE 653, GOO bales over 1nt
exports Tor til. same time last year ant
% hN' y - 'thiih'iHc 'h'P ~ A's' ''
afas thor" viii be an exceedingly Si.o.1
surpiv IN America during the Etmuar
Evidence is daily coming TO light wt.ict
~abundantiy confirms tic truth Of t,,c3g
propositions, ii nv opinion. The New
Orleans Cotton Exchange in 4 r, ,0rt
published yesterday shows that the aver
age weight OF the bales is six sorn1.
less than las yaaI. This Is equivalent
to 12c.efa bales Of last years weight on
& crop II 10,o0e, 900. L.ieht weight iale.
! are ayHor characteristic OF a biz Crop
Receipts are daily becoming lighter ard
kilograms received by mo within tie p3sr
twcnty-four hours from all counted points
Of accumulation show that The weather
fas very little TO do with the l;-hr
ncyentcnt. Shipments from the mt, riD.
towns even tie smallest OF them. arr
heavy. L the weather * sufficiently
god 10 ship cotton it seems atsGtd Il
.av that it prevents its deliverv.
Tnose who awn the remnant OF th;r
years cotton crop have the Situation ii
their hands. Il * worth more thau
present prices. and ii present prices ar5
d~celined higher prices can ccrrai.ly b.
secured.
THEODORE II. PRICE.