The Union times. [volume] (Union, S.C.) 1894-1918, 1905-10-20
ENGLISH SPINNING
american Cotton in De-
mdnd--HOId Your Cotton
for Higher Prices.

DaitifnoVC, ottOHer SPECIAL ::
! Special correspondence in this wee k 3
: Manufacturer Record, from Man
chester, England, notes that durir e
; the year 80 new cotton mills have
been built in Lancashire. represent
: ing 1 ,115,on spiudles, or nearly one
half the whole spindle equipment Of
! the South, that mills idle for many
years have been re-equipped, that
others have been remodelled, and
that other mills still in course Of con
, struction will soon come into opera
ton The correspondent says:
"Supply cannot, in fact, overtake
d -mnnd, Notwithstanding the high
pressure at which the mills are work
ing. hear Of mill year,,lS months
ard even two years ahead in orders
The boom y therefore, is not Of the
type, which expanding bladder. like,
speedily reaches its limit and bursts.
The end Of the war, besides reopen
i"g markets which were practically
closed, will give Il long impetus to
repair waste, as well as to build up
depleted foreign stocks
Now that peace has been de-
clared, there is general expectation
that japan will emphasize her pro.
sressive tendencies by making prompt
headway as a commercial and
m iritime nntiun. Korea she will
certainly take in hand, and it :s
thought that China also will receive
very special attention. There are
some West,rl observers who look
forward TO the economic developme mt
with certain anxiety, fearing that
the increasing activity of Japan in
the markets Of the far East may
periodically affect the trade Of Great
Britain, the United States and other
countries. The suggestion appears
to be that Japan will not only make
serious inroads into our trade with
neutral markets, but will supply her
self with those things which she has
hitherto imported, and want nothing
from u.s.
"Of course, such fears are quite
illusnry. We may rest assured the
more Japan develops her export trade
and her sea. carrying trade; the more
must she import in order to recoup
herself. That which she does not
import from us she will import from
our actual or potential customers,
thereby prom ting the exchange Of
commodities throughout the world,
from which the profits Of trade are de.
rived. No country has travelled so far
along that road of economic deyelop-
ment upon which japan is now set
ting as has England, and the end of
it is that Englond to-day buys far
more from the rest Of the world than
ever before, and not merely of raw
materials. but also Of manufactures.
Even those markets which England
has opened up for herself have be-
come markets for other countries al
50. In proof OF all which our own
lrotectiOnists have amassed abundant
statistics II, then, England's in
dustrial and commercial development
has benefited the world and enriched
the traders Of other nations. why
should the development of japan do
otherwise?
"if Japan should succeed in pro-
ducing nm economic renaissance in
China similar to that which she her
self has already experienced, she will
perform an inestimable service to all
the trading and industrial people Of
the Western world The Western
nations have not been very successful
in stimulating the hundreds Of mil
lions of Cinnamon to desire Things
which they cannot produce them
selves, and until such a demand is
created, and the people of China are
educated TO want what they have
hitherto been content to lack that
field for commercial enterprise will
continue to lie almost entirely fallow.
But before the japanese cah make
very much headway among the sub
stantial traders in China they will
have to learn that reputation for