The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-09-23

1
save the interest and costs and uncer-
1 tainty Of buying and storage; the far
mer would get better prices because
the market would not be glutted in
the fall; and much of the profits that
have gone to middlemen who mad
money to buy cheap in October and
| November would be divided between
| the manufacturer and the grower,
| The population of the United States
| today is S3,0OO,000 according to the
| official estimates. The Treasury re-
ports show that the money in circula-
! ton Association estimates it at $500
| greatest amount of money per capita
I that has ever been in circulation in
| the United States and the greatest
4 amount any English speaking nation
| ever had.
| The production of gold this year is
estimated at $41O,OQ0,000. Up to 1890
from the discovery of gold in Cali
fornia the production of gold for the
whole world was $125,0oO,000 a year
and the production was decreasing
In 1883 the total gold product was
only s95.OO0,OOO.
| Up to the last six or seven years the
bumper crop of cotton In the Unit
ed States was valued at 100000, 600.
| The last two crops-19OS and l904-
| sold together for more than twelve
| hundred million dollars, not counting
! the cotton seed.
The present corn crop is two
thousand and seven hundred million
bushels-the largest crop ever made
and it brings the highest prices nj
which any full crop has ever been
sold.
The wheat crop this year is 7Oo,-
900 600 bushels-the biggest crop but
Lone ever grown The United States
and Canada will produce the biggest
crop they have ever grown. The price
is eighty-fve cents a bushel and the
wheat farmers are happy and pros
porous, or rather we should say they
are prosperous and therefore happy
The railroad earnings. gross and
4 T.,
| before known. Labor is more gen
| orally employed and wages are higher
than ever before. The products OF
factory and mill sell at high prices
leaving good profits in almost every
line of industry.
The world is nearer at perfec'
| peace than ever before known in the
worlds history, The swords have been
turned into plough shares. and mon
heretofore engaged in the non pro
duetion occupation of killing each
other are in useful pursuits. adj
ding to the worlds wealth.
There are more people aple
and ready to buy cotton goods to-da!
than i'm any previous year, and there
arc more ways in which cotton car
be manufactured to meet the world
needs than since Whitney invented thu
cotton gin and thereby said to tn
world: "Bes We clothed" The con
sumption of cotton goods in all re
spects. with one exception, is entirel.
satisfactory. That one exception i
colored cotton CLOTH The price o
warns. white goods and gray goods af
ford a fair profit and the demand i
steady The one ugly spot in the stu
| alton is in colored goods. The jobber
want to get them as cheap as possible
the manufacturers do not wish to sci
except at fair prices, leaving room fol
reasonable profit. How can the farm
ers help the jobbers in this ugly spo
and at the same time help themselves
BY. holding their cotton. The jobbers
i'm their desire to get the colored goods
cheap, point to the heavy receipts o
cotton. The minute they thus secure a
reduction of one-fourth of cent OF
colored goods, they turn and force
down the price of cotton. In this flSh
the interest of the cotton grower ant
the Southern cotton manufacturer il
identical. The mills want to work of
the colored goods on hand at fai
| profit before this cotton crop is dis
posed of. If mills can sell at d fai
price the conditions for cotton grow
ers and manufacturers will be bette
/
! What effect ought the large increas,
i'm per capita circulation, the prospect
ty of those sections getting rich OIL
corn and wheat. bigger earnings b.
railroads and factories, and world
wide peace to have upon the price 0
this years crop of cotton? 1t is es
timated that the old cotton on hant
does not exceed 2,500,O0O bales. Tina
amount plus a crop of 10000,00t
bales this year, would give only wha
the world needs and what the worl
has used, not counting any increase,
demand from China and from thos
conditions resulting from peace.
In its issue of last Sunday the Ne'
York World said editorially that tn
cotton crop this year would not reacl