The Brandon news. (Brandon, Miss.) 1892-1961, 1906-01-11
CONSUMPTION VS..
: UNDERPRODUCTNN
OVER A MILLION BALES PER
MONTH.
TIE DEMAND is INCREASING
Many New Spindles Established With
IN the Past Six Months in America,
Japan and England, Increases the
Demand to . Great Extent.


pnat the present rate If consumption
OF American cotton by the mills of the
world is highly in excess of one mil
lion bales Of raw cotton per month
1t IS estimated, as result of careful
investigation, that if the spinners can
secure the cotton and no international
troubles interfere with the present
enormous demand for cotton goods
fully twelve million five hundred
thousand bales Of American cotton
would be consumed between Septem-
Der !, 1905, and September 1, 1906.
This unprecedented consumption of
American cotton is due principally to
two causes, namely:
The increasing demand for cotton
goods by the jobbing and retail trade
OF the CIVILIZED nations Of the world,
and the abnormal increase of new
spindles within the past six months
IN England, Japan and America.
Since July more than four million new
spindles have been added to the mill
ing industry Of Manhattan, England.
The Fall River mills which were shut
down for sixteen weeks last year on
account Of strikes are now running
might and day. These vital forces will
necessarily demand at least one mil
lion bales Of cotton for consumption
in19O6, which were not required in
1905. In the South new mills are be-
ing built and the equipment Of old
mills doubled in capacity wherever la
Dor can be secured.
Consumption is only limited now to
the spindle capacity Of the world op-
Grating ON full time. Mr.. Ellison, the
English statistician, estimates con-
sumption for the next twelve months
under 100000 bales of American
cotton. But Mr.. Ellison represents
the foreign spinners solely, and it is
a habit with him to underestimate at
the beginning of each year and later
on be forced to increase his figures in
the face of bare facts. The price of
COTTON goods is very high and advanc-
ing in most lines monthly. In some
cases prices are higher than they have
been in twenty-five years. In the
spring of 1904 when cotton advanced
to II cents per pound and every avail
able bale Of cotton for sale at that
time ives eagerly taken by the mills,
the manufacturers, jobbers and retail
ers were loaded with goods that could
not be sold that season. After
consumption of the 100000 bale
crop Of 1904, we find the mills Of the
world today with no goods on hand for
sale, but from six to eight months be-
hind with their orders, and the job
bling trade in equally as bad condition.
With the trade now it is not a ques-
ton of price, but the serious problem
is the delivery Of orders by the mills.
The shelves Of the world are largely
bare Of cotton goods and in many lines
absolute exhaustion has taken place.
This crop will not exceed ten million
commercial bales, hence there must be
curtaalment by the mills before next
September, showing that consumption
has gone beyond the ability of pro-
duction. At the prices Of cotton
goods spinners could have easily paid
the farmers II cents for every pound
Of American cotton grown this year.
If we should be able to hold back two
million bales for Is cents the spinners
would still get the crop at an average
price under II cents per pound. But
little cotton remains in the hands of
the producers and local holders. If
those who have cotton will hold it
firmly they will be well rewarded
later on when the whole world realizes
the shortness Of the crop and the mar
ket responds to the actual conditions
brought about by the legitimate laws
Of supply and demand. To the farm
ers, Southern Press and the business
interests Of the South generally, |
extend herewith my best wishes for
a happy and prosperous new year.
Indianapolis, Ind, Jan. 7.-Presi-
dent j. M. Lynch, of the Information
al Typographical Union, said today
that the prospects for winning the
strike for the eight hour day were
very encouraging. Good reports have
been received at the headquarters
from New York, Cleveland, Chicago
and nearly all the large cities. The