The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1906-09-12


continuously favorable one.
Reference to weekly fluctuations
will show that the average price OF
Nav contracts was above IL cents,
and as prices for this month practi-
ca1lv cover the marketing season it
will be seen the Southern planter aa1
received remunerative prices for the
entire crop.
Foreign and domestic spinners had
taken 11,5S3,154 bales from the to-
tai supply of last. season. This was
record absorption. if we except the
phenomenal takings Of American cot
ton the previous year, when they
amounted to 13,464,43s bales.
The. Department Of Commerce has
the following to say touching our ex-
ports:
Cotton is king OF. the export record
of the United States for the fiscal year
just ended.
'aThe total value Of raw cot-on ex-
ported for the first time crossed the
s4oo. 900, 900 line and exceeded by far
the value Of any other article of
merchandise sent out Of this country.
The exports Of breadstuffs of all
kinds reached s1SS,00o,O 900, those cf
provisions s211, 100000 and those Of
iron and steel manufacture $751;
coo, 900.
Cotton exports during the last five
wears have increased very rapidly. 1t
was not until 1901 that it crossed the
$500, ,oOO,0 600 line and in the five years
it has grown to more than s40O,OOo,-
600 or an increase of about thirty
three per cent. This growth is due in
part to an increase in the quantity eN-
ported, but in part also to the ad-
vance in price since the quantity ex-
ported in 1906 was about 7eo,0oo,ooo
pounds. less than in 1905, while the
value was s21,oQO,0oo more than III
1905.
Expectations CT manufactured
cotton were also greater in 1905 than
in any earlier year, amounting to
s5s, 100000 against s5o,Ooo,Ooo in
1905 and 22,50e,oOo in 1904. The
growth in exports of manufactured
cotton has been quite as striking as
that Of the raw material.
Europe is, Of course, the principal
customer of raw cotton. The United
kingdom took last year s177,00O,-
oeo worth. Germany s10L0O0,o00,
France, s45,000,o0O, and Italy about
s27.000,0oO while the other countries
of Europe took s32,OO0,O0o worth.
Japan is also customer for our raw
cotton, but very irregular in the
quantity bought, since it only buys
largely Of American cotton when
prices are low, relying upon India
and China in years when American
prices are high. The value Of cotton
exported to Japan in the seal year OF
1905 was in round terms sS,o0o,OoO.
In 1905 SIT, 100000, and N 1904 less
than 100000.
I'm manufactured cottons China is
by far our greatest customer. The
total value of all cotton manufactures
exported in the fiscal year 1905 was
$4,000. 900 in round terms, Of which
about s30,oo0,ooo went to China.
Practically all of the cotton goods sent
to China was in the form Of cloth. The
total value of cotton cloth exported
to China in the year being s29,641,-
1ss, and of other cotton goods sl72,-
ss7."
We sum up the years business in
cotton as follows:
Total cotton crop Of United States
1s05-O6.. ;. III 1,345,9SS bales
Estimated value Of total crop
.s6oO,ooo,ooo
Total exports of United States,
1so5-o6.. s,716,351 bales
Value of cotton exported
:. =. ..S4O0, 100000
Southern assumption 2,39S,4O4 bales
Northen consumption. 2,499t76S bales
Total visible supply of cotton in the
world Sept 1, 06 1,702,4S5 bales
Total visible supply Of cotton in the
world Sept. /, o5....2,545,47O bales
This certainly is a favorable eS-
hibit Of the cotton industry for the
year in the United States.
Outlook For the Growing Crop and
Prices.
In summing up the conditions of
the growing crop it may be said that
they are at this date very favorable
for a satisfactory yield. 1t must be
.o,-1.. :,+o oo,ci1 ara-;0,, however.