The herald and news. [volume] (Newberry S.C.) 1903-1937, 1903-11-10
RELATING TO COTTON.

are those of the New York Journal
Of Commerce, which is one of the
most accurate and painstakiug pa
pers in the world. On the basis of
replies from 1875 correspondents
in every cotton State it estimates
the crop at 9,6o3, 600 bales, the per-
centage of decline as compared with
last year being as follows by States:
Arkansas rs, Florida S, Georgia 10,
louisiana IS, Mississippi IS, North
Carolina 10, South Carolina 10,
Tennessee 10, Texas 7. Alabama
is the only State which does not
show decreased crop-its output is
estimated at the same as last year
Daniel !, Sully & Co., cotton bro
kers, efAew'8Ndf observesEfat
these figures are indeed start.
ling"
The New York Sun, in the course
of cotton article, mentions that
the United States furnish about 60
per cent. of the worlds supply, of
which we manufacture about one
third, send one-third to England,
half Of the remainder to Germany
and scatter the rest among some
twenty other countries. 1t notes a
decrease in the exports. due to an
increased home demand and the fact
that we have increased our export
of manufactured cotton from ST.
600, 600 III 1898 to $32, 900, 900 III
1902, and goes on to hold the usual
threat over the South and to re-
hearse the Wellworn story, saying:
1.-The possibility of cotton produc-
ton in equatorial Africa, and in
sub-tropical South Africa, and it's
production upon an extensive scale
have been fairly demonstrated.
There is little doubt that, before
many years have passed, some if
not all of our competitors will be
fairly independent of the cotton
fields of the United States" 1t
confesses, however, that "it will
undoubtedly be several years before
the cotton supply of East and West
Africa, of Egypt, of India and Cen
trail Asia will affect Our cotton indus.
try,' and meantime it may be re-
marked that several Of us will be
dead inside of "several years. and
none Of us, therefore, need lose any
sleep about the South's loss Of pri.
macy III cotton production or any
serious decline in prices due to for
eign competition. The tale told by
the Southern niggers who arrived in
New York THU sday from Liberia l.
calculated to quiet any apprehen,
sion OH this score. and besides, the
question may be repeated. If the
culture of cotton in Egypt, Asia
and Africa is such an easy PROPOSE
ton why don't those who are pecu
liarly interested get at It instead of
talking about it?-Charlotte OBJ
server.
The total consumption of cotton
for the world for the year Ioo2-'o3
was I4.35I,93o bales against a.
414,9oS bales for the previous year
VI elI 10 stiiloliiIl VIC ollllct sOldlCS
consumed 4,o75,IoI for I9o2-'o3
and d .o37,332 for the previous year.
The total production of cotton IN
the world for the year ending Sep.
tembcr I, 1908 was I4,65I,7oo,
which left surplus from the years
crop of 100000 bales. The United
States produced the year Ioo2-'o3
1o,5II,o2o bales, nearly three
fourths of the entire production Of
the world. The total production 1901
'o2 for the world was I4,4I3,o4o
bales, which was $50 bales less than
the years consumption.
The surplus for the last several
years has been small and with a
short crop this year, as is evident,
and an increase III mills it does seem
that it will be impossible for the
spectators to force the price down.
In fact up TO this time it has been
impossible and we do not expect to
see cotton 60 any lower.