The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-08-20
|'E EIfEiSE:'iI|I'g|o:.o|!I.D|:.
Indications Point to- This State :, 1:s'l
49, Through Fall l |, and ,;tI ,5s,
", n VI Winter. s3 u
soUTHERIlN''. $ i PROGRESS
al ,.----- ---- " ------.
Interest Centerss4 Chiefly III the
Outlook ofthc Cotton
Crop. 8588
SOUTHERN STATES y PROGRESS , / D I: 4 ::'


\ Sut tho Southern States Is exceptionally
Il rood In every line for the summer, and
u Indications point to q ntin,lano {, d q
III ihis state 8of affairs during the fall sand3
Z winter. II 1; tho present crop outlools IS
maintained. there is nothing to fenr. re- e.
Is Enrding the continuance OF the prosber-
y ity which has prevailed during the past
n several years. In that period the South
IA ern Statcs have mndo create pr gressj
Y toward financial Independence than dur-'
y ing any similar period since the + civil ,st
War. N 81 r. a5i Ii
Stls1Ir Interest ¢erss chiefly In tho outlooKl
II FOR the col ron crop, the staple product
4, or the Southern states, and Il tn 9 3opin-
"a ions or bankers, merchants, ilroad T offl-
ii cialB, professional men, / md even planters
u themsolves may be takon as any crl tcrion.;
the Indications IRE for the largest 'ro-ll
r. auction IN e the history ofs5the " South
III With It'd exception ar 1D04.05. when the
II yield surpassed any prevl GUS I record 4 by
II more thanS2 900 600 bales. There y is much
II or tho critical period still ahead, but Isl
"A financial arrnp genicIlts aid bu ainesB
aStrnnsactionB ARE boins made on the basis
y OF current prospects. I he latter must be
4 taken rs the recognized standard s$Ra
Breaks Records
The Atisslsslpp Whitley. which last year
proved decidedly short us t05cotton yield, Y
" now promises something In y he records
q breaking line. Reports from practically
q every portion suggest tho hes ts TOP
III known and complaint OF rust Hll eddlng,FF
Il Insect damage, and other uses OF
trouble are fcwer than were ever heard
81 at sthIs tifno OF year. The Western half
Il OF the belt, oe which fTexas IS tho bigger
part. also sends enc ournging reports, not,
only regarding condition, but also with
W reference to ncrea ge. which shows q ma "A a
SA-t fn~ % rA
q hundreds OF Thousands OF acres OF new
B land which hava been opened and eded
4 to cotton In TINT State hlat season.
Alabama crop conditions nro favorable,
IS and the only complaints are those from
Georgia and the Garolinaa, where there
!; has been too mitch rain 3 t. even grant
ing that thcsc States should g how a de-
II crca ne Ia yield OF considerable proportions,
u there Is enough increase dfcated in other
sSdircctionstn more than offset this loss,
and 10 bring production to abnormnlly
Il large figures NJ I'M
" Not only & lis large production Indicated,
Il butEtllcre Isl also strong probabilit y that
there VIII be nm u tlusuh lly good Demand
4 for II. The past two crops added 10 the
bales: by sspteH,be lat. his year. prac-8
atically all OF this will havo passed either
Il into tho hands OF tho mi liz. Il md thence
Il into consumpti lon. vi til the exception OF
Il q few hundred thousand bales Trade
conditions In cotton goods arc favorable,
and even those who admit hat they arc
q not so flattcrng m they have been dur
3 ing the last two years, concede u hat =
crop OF u, on, 90 balei or more could
bo ,lsetI--an amount which has never
i been exceeded but once In the history Of
II cotton production III the United States.
Very Important.
s5s5 TO the planter, this consideration Is
most important; 1t Is reasonable guar.
aI,teo that fie need not at NIL events,
Il look for suclln market as that OF lSaa "a
when, following the then record crop
B OF 1895. spot cotton ranged ut New York
between 5 7-$ cents as n minimum md
rs az a maximum, For one thing. II
Il IS important to note that large Quontl-t
ties OF cotton are being sold to splnnerss
Il at home and abroad at current prices to-
Il protect them on snles OF goods they have;
made for forward delivery during the
next few m onths. fiis a IN !.
That. at least. Shove little expectatio Ion
B OF very low prices. It costssn great deal
more 10 grow cotton than & did q few
years ngo, because everything entering
into the cost Of production is SO much
4 tlIgher than thenN but there IL b q GOOD :
+ profit In growing cotton Mt ten cents 4
! per pound. ! especially when the Yield
promises to be 30 abundant as TINS
I. season. 5H! A III II 4s 5Srs 8s5 ls4 sB5
Aside from the crop outlook. there is
additional evidence OF continue prosper
j lily In the condt tons obtaining IN indus !a
trial circles throughout The Southern
4 Sta tes. h some iron furnaces have been
II blown out for repairs but where they
I are In condition for operation, they are
y being worked to their full en- acity. And
they are accommodating nothing e eo n
u,ienco on the ards for the reason that
sheir' entire output Ia being sold, either
for immediate delivery or Is being ship
ned ont on contracts entered Into some
4 time ago involving delayed shipment, 7 his
is tie story In virtually all industries 'l'
or this section. f u VI *
Are Prospecting
All thls would necessarily mean that
aoutherns railroads are 2rosper|ng 8, the
Biz cotton together with with the = sa -
p handled for the Industrial enterprises, az
,Ta aa the output OF the. mines now
nparatina in tho South. means an enor-
nous volume of traffic for the fall and
winter, ana 1t Is therefore small y matt OF
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