New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-02
COTTON SITUATION IN FRANCE.
High Prices Seriously Felt-Dependence on
America
TFRox THE TRIBUNE pUREAul

psrtment Of Commerce the following interesting
summary Of the cotton situation there:
The high price Of cotton is seriously felt in this
is made up than in any other part Of the country.
nshag5 prod eoas wS bat Of the
raw but al present the nanufacturers complain s am
example. the raw product sold, to-day .or 30
francs C17 so per 100 Kilograms (22046 pounds.
Comparing the Two periods We find: Ill.,.
,i;sa " 20 sss; g cent: So
6 tiiilRS No % = cents cents Sc cents 81
The principal Of The present g state 1o6 Of t af
expected. Last year the mills, seeing big crop
ahead. held up to buy later TINS was t true nS'
and. in general. OF all the European countries.
The General Syndicate Of the French cotton IN IN
St F4Sre and which has for its PPesiaff 6rho de
Rouen,'' Of this city the following:
1T does not seem that sufficient seriousness IS
principle textile ndustry|that Of c6tton-is pass
Ing, and which is occasioned by the progressive al
almost become product Of the first necessity. ana
S 1slIsr ,b s eTe{ one knows the prin-
;. &C., men y. oh even these last
1ssteS soii oasi@Bed bz the continued planting
of cotton. OF from a combination of unfortunate
circumsi ances2 1t is not easy TO say. What is
certain is that during the same period the con con
sumption of cotton. far from following like
course aas increased each DAY ana a. PEeSe4S on
anxousy asks how il ea toe ixSelI over uIl i, ae
ana according 10 those who should know, very
short How this crisis win end it is difficult to see
II appears certain that IL France well as else
where. numerous cotton mills will be compelled to
sIuS oo~n N anSg I f Ire re- begun to re-
duce their production. This example only be-
29a s9aS does n6 13on ooR r that Of the raw
product Finally. period Of high prices for all
cotton products must be awaited. If the approach
4ng harvest is better than it at present prom US
effect the price of the raw material can ne feit
only after some months. during which time violent
fluctuations can happen. Speculation must live; 1t
cannot renounce its habits
The rapid increase Of the number of spindles
In America is not overlooked one Of the causes
Of the present condition. NJ. Pierre Baudin, eK-
Minister OF Public Works says:
The market is dominated by one fact which
directly menaces the consumers ana manuta cturers
eaS me n9nufaci1red goods Heretofore American
cotton needed US as much as we needed II, but
#. after some years. looms are multiplied sum
yajIiio9 sales harvested in the tinted states Europe
mills
In speaking Of Europe freeing herself Of this
yoke" OF America, ne says:
mp a NTH aneSss s6 9 e TSe german
Colonial Society equipped, in 1900, an important eX-
in the territories Of West Africa Conducted by
one OF the most competent American specialists,
cturers merit praise for founding the Colo
NAL Cotton Association. They have raised enough
IN the soudan and in the valley Of the Niger one
name French Nile 70 the Niger
A forceful article on this subject appeared re-
Gently in the Reform Economique" Paris. and
ended BY asserting:
Ns ere dependent upon America tor our wooen
INDUSTRY. We arc dependent upon Russia for our
IS h n6t set me st Goua GS added t To- but
70 take care OF our economic independence?