The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1903-09-06

Of the staple ahave values been governed
90 thoroughly and completely by supply
and demand.
The feeling from the start, says Mr..
Hester, was that even with a crop of
eleven million or eleven million and a
quarters every hale would be necessary to
MI the wants Of consumers and make up
for the depleted stocks Of cotton the
world over at the close OF last season.
/ Mil owners as well rs others recognized
this and to a large extent profited there
by. The detaiis OF the visible supply, he
says. show with startling clearness the
reasons for most Of the short time and
partial stop pages within the past few
months. OF all the millions OF bales that
have come and gone sfncs the commence
J ment Of the season 81 tho close Of August
there remained Of American cotton visi-
Bile In the United States In round figures
but 177.ooo bales, In Great Britain. 17s.0oo.
and on the continent, B3000, total of
$4,000 with a late crop coming. Of which
| only 1.3oo bales were marketed In August
against $1,000 last year.
All Worked Up.
All Of this years commercial crop with
900 additional from last years reserves
have gone to feed the world spindles or in
| other words. has actually been worked mn
into yarns and fabrics.
| Mr.. Hester published the CONSUMPTION
Of American cotton by Northern mills at
2,o16ooo bales against 2060.000 last year.
This. together with the amount consumed
in the South. makes the total consump-
ton of American mills l.oi7. ooo ms vesr
against s,sss, 200 last wear. an increase Of
| y. 900 bales.
The use OF foreign cotton by American
mills, Mr.. Hester states. has. decreased
materially, the total mostly Of Egyptian,
amounting TO the euiyalent In American
weights Of IA. 2s2 this year. against 100 500
| last year. OF this, Northern mills con-
stunned 13o,sH and Southern mills, lS.sSs.
He states that while the consumption Of
foreign cotton IN the South is stu pro-
pcrtionateiy trifiing. the tendency is to-
wards a. material increase. The Southern
mills having used. as stated, in round fig-
| ures, 1900 against 1000 last year. There
are now 5000 spindies in operation in Ala
bama. Georgia, North and South Carolina
for foreign cotton and 1900 more In
course OF erection.
The South's Progress.
Referring to the increase Of cotton man
ufactures In the south, Mr.. Hester SAYS
the phenomenal growth OF spindles con-
tinues; not only have the spindles in the
mills In operation been increased by &s.-
00o but his returns show that there are
aCIuaihX IN course .0I ef0Ctf0n l.lS4.0DO new
spindIes. making the total. old. new and
not completed in the Southern States as
before stated, s.24s 27S.
In commenting on this. he saws n needs
but a GLANCE at these figures TO show
what the Southern manufacturers are to
the cotton market and the influence they
exert Thirteen years ago the North
took 7s.7 per cent ana the South 23.s per
cent Today the Percentages are. North.
4e.5s: South. 500.
Mr. Hester further saws. referring ape-
ciaIiy to cotton consumption In the south.
that, taken a. A whole, the wear has not
been unsatisfactory. and 10 thu question.
ITO what extent has your cotton con-
sumption been affected bY$the trade and
monetary conditions Of thu past Year,
quite number Of replies were, None
and :;lstit very IittIe.v Far the arst time
the. South has paksed the 2.0n0M0 mark
In .actaai Saoiasefhphon, practicaify '.tie-
ing" the mills north OF Mason and Dixon's
line. that with the mills as q whole II was
simply question of not enough cotton,
and that out of $40 active mills on the
list, 5S4 ran during the entire year, though
some of them to a greater or less extent
curtailed their consumption.
The facts show. he SAYS that M to the
close of June, the mills had taken some
thing like 200, 900 bales more than up to
the same time last year. and II was this
that enabled them TO tide over the period
of absolute scarcity, which prevailed dur
ing July and August. whereas last wear
they were enabled to SUNNY considerabIe
of their wants during these months Al
IL was. however. for want of octton or
ina bilitv 10 secure n unless AZ rr,ces an
failing heavy losses az Ia snindIes were
stoned during the month Of June s15 eSa
during JuIv and / oa5 eSs during August
these dvures rafar "a active r,,,,s orIv
not inciui,ne about TX o00 snindIes which
sror, varin,'s oo,,se. Ala ~ r,,a d,,r,na
~ ootton go
~ S-.,s,. T.. s.,,4I.
Ne" SPAnuAee Al Souen.
Mr. Hester states that with; all the new
spindles In course OF erection completed,
the Souths capacity at the rate OF this
years average weight per balel as given
by the Southern mills. would be nearly
q. 26s. 900 bales.
One of the most interesting features in
Mr.. Hesters report is the showing of
the worlds consumption Of American cot
ton for the past season which he puts at
10,s5s, 900 against 1O.657.o0O last year and
10,f1.000 the year before, a gain over