The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1903-09-07

Inc crop was $4,000 bales under this year
| by nearly Sl4,0OO,000.
! The cause he says, will be made
| apparent when it is stated that in the
| crop of 10000, September averaged 1913
cents per pound and that from October
| to February the monthly averages ranged
| from $50 in October to 9.2l cents in Feb
ruary or stated in bales from $52.47 In
| September to $47.42 in February. This
year the range from September to Janu-
airy average monthly Values was 1888
/ cents to SCI, thep rice of cents not
| being touched until February. when near
! ly 100000 bales of the crop had been
marketed, the monthly average sales of
which were from $40 TO q little over $44
| per bale.
! Another important feature that affect
! ed values more or less was the result of
the UNUSUAL and long continued rains
which reduced the grade of the Texas
| crop and of the section tributary to New
/ Orleans. Other sections We're more or
less affected from this cause, but not to
50 great an extent. MIR. Hester puts
the average reduction of the grade Of
! the crop at Lie to lis.
Enormous Total Paid for Cotton.
Further referring to crop values. he
says:
when it is considered that the
combined values Of the past three
crops resulted in payment to farm
ers, common carriers, merchants and
other handlers of over 81 lab, OOO,
900, their Importance as the great
factor in the prosperity of the south
may be fully appreciated"
| lie makes the actual growth for this
| season as o7O9.0O0. and remarks that the
| commercial crop more nearly approximate
| ed the growth of the season than ever
| before.
He puts the total spindles in the south
| at S,24S,275 an increase over last year of
| 1885. These include 1.1S4,245 IN rev
! mills not yet completed. The net gain
! in the number of southern mills over
| last year has been "a, making the total
now $40. OF these, 650 are IN operation
| 80 are idle and 81 are in course of cree
| ton.
The consumption has been divided as
| follows:
Alabama. 211 ,S04. an increase of 1878;
| Arkansas, 2,915, an increase Of 452: Geor-
| gia 425,699 an increase of -, $40; Ken
| lucky. q 366, decrease of 4,340; Louisl-
| ana. 1908 a decrease of Il; Mississippi
| S7,9s1. an increase of 4,207: Missouri 4,72%
an increase of 1914; North Carolina. 551,So2
an increase of 23.314; South Carolina, 61S,-
| 275 a decrease Of 100; Tennessee. 47l,50o n
| decrease of 1.417; Texas. 236O7, an in
| crease of 6,274; Virginia. 04S, a decrease
| of 935.
Total consumption of the south 1000,
! 729 bales. an increase over last year
of 62.75s and over year before last Of
37979S.
The Manufacturing Industry.
| In reference to the general manufac-
turing industry Of the country Mr.. Hes
| ter says that, Notwithstanding the end
! less discussion of stoppage of mills short
| time and interference with consumption
/ nv high prices, American mills have prac-
! tlcally used every bale they could obtain
| and the limit to their consumption has
| been due 10 the scarcity of cotton. This
! applies to the mills as whole. In the
| large number of establishments north
and south there have been many eXcep-
tons where short time and partial or
! temporary suspension has been due to
| high prices for raw material without
: CORES gonding Improvement in manufac-
tured goods, The fact IL. he goes on
to say. that SO far as domestic mills are
( concerned, there has not been enough
cotton 10 go around The season has and
has not been satisfactory. Most of the
mills bought or contracted for their sup
plies early. and as the rise in price for
! raw cotton to cents and above did not
| take place until nearly 10 per cent OF
I the crop had been marketed. they were
actually in excellent shape. In the south
from 100000 to 150,0oo bales more would
! have been consumed had conditions dur
! ing the latter half of the season been
normal as to supply and price. and i'll face
| of the talk OF manipulation by specu-
! la tors. az no time in the history of the
| staple have values been governed SO thol-
| oughly and completely by supply and de-
! mand.
The feeling from the start says Mr.
! Hester, was that even with crop of
100000 o. II 100000 bales, every bale
would be necessary to fill the wants OF
the consumers and make UP for the de
pleted STOCKS of cotton the world over
at the close of last season. Mill own.
ers, as well as others, recognized this and
to a large extent prohted thereby.
Details of Visible Supply.
The details of the visible supply, no
says, show with startling clearncss the
| reasons for most of the short time and
! partial stoppases within the past few
months. OF all the millions Of bales that
have come and gone since the commence
there remained Of American cotton -isible
In the United States in round figures but
III. 600 bales in Great Britain $4,000 and on
the continent 15s, 600 u total of ol1 900 with
a late crop coming, of which only 1906
bales were marketed in August, against
5000 last year.
All OF this years commercial crop with
131, 90 additional from last years re-
serves have gone to feed the world s spin
dies. or in other words, has actually been
worked up into yarns and fabrics.
Mr. Hester puts the consumption o!
American cotton by northern mills al
20l6.0o0 bales. against 2050,0o0 last year
This together with the amount consumed
in the south makes the total consumption
of American mills 4,ol7,0GJ this year,
against 3,9SSG01 last year, an increase OF
%. 90 bales.
The use of foreign cotton by American
mills Mr. Hester states, has decreased
rn,+erially the total, mostly OF Egyptian.
amounting to the equivalent III AfnericdH
1,[aigl,ts Of l44 232 this year, against lSV,
sos last wear OF this, northern mills
'nncuTnad 1881 and southern mills To-
Ia states that while the consumption
- 4creion cotton in the south IS sun
nrcn0rtionately trihing. the tendency IS
toward a material increase me Soulh-
nrn mills haNirg used. as stated, IN rouhu
fioures 1900 against 1000 last year. i mere
arc now rs 900 spiniles IN operation III
Nabana. Georgia. North and south car
ma for foreign cotton and 1s.oeo more