The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1904-09-09
YARN MANUFACTURERS MEET.
IMPORTANT SECRET CONFER
ENCE HELD IN CHARLOTTE.
OF the Trade Was Discussed
and Several Resolutions Passed
Members I'm the Sonference Are Very
Rehcent Concerning What Occurred.


Hosiery yarn manufacturers, repre-
senting 2s5,00o of the 100000 spin
dies engaged on that line of goods in
the South, held what was said to be an
important secret conference here to-
day. They held two sessions lasting
the greater part of the day, and after
adjournment it was given out that
there was nothing for the public in
the proceedings, that several resolu-
lions had been passed and the situa-
tion discussed, but nothing else about
the meeting could be secured from any
of the "a men in attendance. One of
the resolutions looked to the fixing of
the tare at figure between 5 and 10
pounds 10 the case of yarn. Samuel
A. Carter, of Atlanta, was chosen
chairman, and ]. F. Taylor, of Kin
ston, secretary. The principal feature
of the morning, to those on the out
side, is the reticence of those concern
ed, which is quite unusual.
Mr.. Taylor, the secretary, said the
| meeting was entirely informal and had
no connection whatever with any or
eight prominent spinners, who, along
with many others, realized the neces-
sity of concerted action and took upon
themselves the responsibility Of calling
the meeting. The meeting, said Mr..
Taylor, was for the purpose of discuss
ing the situation and getting to better
working basis. The outlook he said is
more favorable, if the present cotton
crop can be kept out of the hands or
the spectators. If the crop should
prove 10 be more than IL, 100000 bales
spinners believe the spectators will
| hardly be able to manipulate it.
Atlanta, Ca, September About
forty Of the prominent colOred cotton
goods manufacturers of the South met
| Ihere today and organized under the
name of the Southern Colored Cotton
| Goods Weavers Association. T. O..
Moring, of Raleigh, n. c., was elected
president and committee was selected
further to perfect the organization and
10 notify all manufacturers of this
I line of goods of the action of the meet
ing. This committee includes j. A.
Smith, of Bessemer City, n. c.; c. w.
Johnson, of Charlotte, n. c.. and B.
| 6. Robeston, of Burlington, n. c.
The discussion at the meeting today
| is summed UP practically in the fol-
unanimously:
Resolved, That this meeting recon-
mend to the members of this asSocia-
| ton that final action be taken at an
| adjourned meeting to be held at Char
| lotte, n. c., October ), binding its
| members not to place goods on men,
| orandum or to guarantee prices rU
customers. Furthermore, not to allow
| cancella lions of contract by customers,
and that fulflment of all contracts be
rigidly enforced. We also recommend
| that action be taken on freight allow
ances, which have grown to be excess
sive."
About twenty millions of invested
capital are represented in the new Or
ganization.
| One of the most prominent men
attending the meeting is r. S. Rein
hardt. of Lincolnton, president of the
| American Cotton Manufacturers AS
sociation. Mr.. Reinhardt does not see
anything particularly encouraging in
| the outlook and thinks it is "up to-
the spinners to do something for their
| benefit. yarns continue 10 sell at low
| prices" he said, land cotton fails to
decline. despite the fact that the sea-
| son for lower prices has arrived
Won't the price decline when the
crop begins to come in?' asked the
| reporter.
1T ought to. but it doesn't" replied
Mr.. Reinhardt.
From interviews with various spin
lners who are attending the meeting the
reporter learned that The curtailmen'
| of production since May would ag-
gregate 25 per cent. of the southern
spindles running hosiery yarns.