The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-12-08
Three Quarters Beyond
12c on Market.
SUPPLY RUNNING LOW
Farmers are Uniting to Get Full Bales
and May Bring Last Of Crop TO
Raleigh With Report of Very
Little Left in Their
Section.
Section.

terday made 1919 cents a spring board and
leaped higher.
For the IL bales that were sold on this
market yesterday four bales reached 12%4c.
a pound. These were bought by Messrs.
c. E. Johnson and Company from Mr..
Duncan Mangum, who comes from near
Wake Forest.
Many farmers here yesterday refused OF
fers CT less than 1212 cents a pound for
their cotton and held out for this until
finally many Of them reached the desired
goal. The sales here averaged 12hc, the
prices ranging from y to 12&c. \ year
ago, with prices at from s TO S7sc, the
sales were about 200 bales.
The market showed no signs Of weak
ness here and the prices of the day before
We're realized. The farmers all looked
bright and happy at the big money they
were receiving and between II and u
o'clock the sight about cotton headquar
ters on Martin and Wilmington streets
was a lively one. The buyers were hur-
rying to and fro and the farmers were
getting the top of the market figures
The receipts here for the past week were
682 bales as against 785 bales and this
brings the receipts this season up to S,961,
as against 10, 299 bales sold to this date last
season, being a shortage of 1882 bales.
With the high prices being paid, sufficient
to draw all cotton out, this shows that the
crop is short in this section, as the gov
eminent bureau report shows it to be
short in the county
And that the crop is short is not alone
= 81 WY IN thp Fl or no UiNpD a hove h1t in tho
remarks Of farmers here yesterday. bearing
out the reports of farmers made months
ago.
Mr.. j. T. Holderfield, who lives near
Millbrook, says that the cotton is about
gone in his section. Yesterday he sold
the last bale of his crop at II sic.
Mr.. c.. D. Monaghan, who lives two
miles from Raleigh, on the Leach farm,
has sold the last Of his cotton and yester-
day received Il 1-16 cents a pound. He
has sold twenty-one bales at from 812 to
y lie cents a pound. Cotton is very
scarce in my section said he.
Mr.. Joseph Davis, who comes from near
Iethod, and who works at the farm OF
Mr.. Charles II. Belvin, said that there
were about twenty-five bales of
about 500 pounds each at that place and
that none Of it had been sold.
Mr.. G. E. Robertson, of Eagle Rock,
sold the last of his cotton here Yesterday
and for some of it received 1919 cents a
pound. He has sold thirty bales of crop
pers cotton and says that in his section
there IS not much cotton left. "Many
people are here today with the last OF
their CROP said he.
Mr.. Lonnie Hodge, Mr.. Medlin and Mr..
NJ. F. Eddens, who come from the same
section. say that there is beng little cot
ton left there and hat in some cases
farmers are going in with remnants to
make uD full sized bales.
Mr. w. H. Stephens, who lives six
miles north of Raleigh. SOLD three bales
here yesterday. The lowest price he has
received this season IS 10 $40 cents a
pound. It's getting mighty thin in my
section SAID he. There is not much
cotton left He sold his cotton yester-
day at 121a cents a pound.
There were a rumber Of colored farmers
here Yesterday with cotton, principally
from ST. Matthews and Panther Branch.
This is my last bale said one and
others repeated his remark 'The cotton
* about all brought to market said
others.
That is the way the talk vent yester-
day, and besides the parties quoted others
from different sections Of the county made
similar remarks. The men are not talk
ing for effect and it IS certain that in all
this section there is a short crop.
i
You can say for me- said Mr.. Charles
=. Johnson. of the cotton firm of Charles
=. Johnson G Company, that | believe
that thirteen cents will be paid for cotton
n Raleigh next week, though it NAV not
reach II cents IN New York In talking
CT the situation as regards the manufac-
tuners he said that q good motto for them
would be. 1T is better 10 be safe than
to be sorry" thus striking of their attI-
tude with goods sold ahead at lower
prices for cotton than that at which il is
being sold.
In the future market yesterday tie
fluctuations were over a very narrow
range. The market for January closed at
one point lower yesterday than it had
the day before, while in Raleigh the spot
market was a half cent higher than the
day before.
/ The outlook this week is for a firm
market with prices in the neighborhood
OF 1919 to IS cents a pound nnIess tIe
bears get control and push the price
down, which does not seem likely.
Here are some facts and figures on cot
ton crops given by the New York Herald
that will prove of interest:
Highest price ever
reacned..............S1. 80 per 10. in 1856.
Lowest price ever
leecned. .05 per 10, in 1915
Biggest crop ever
falsed............12, 156, 600 bales. in 1898
up VI 19oz.. 10, $50, 900 bales
crop OF 1901 10, 768, OCO bales
Crop OF 1900. 10 2q 0o0 hale
O[op OF !o99..:.......L.... 1922, 900 bales
In the last three years the consumntion