New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-16
COTTON MEN MEET.
Theodore II. Price Explains His
Salt 4goinst Ncyc York Erchange.


Philadelphia May 15.-With an attendance of
nearly two thousand members. the eleventh an
nual convention of the National Cotton Manu-
facturers Association opened to-day in the ball
room Of the Bellevue stratford Hotel. In con-
nection with the convention the cotton men are
exhibiting at the LIST Regiment Armory. where
the great floor space is covered with many
kinds of machinery used in the industry.
Arthur II. Lowe. president Of the association,
in his annual address devoted considerable time
to labor questions, and said it was to be re-
GREETED that the honest efforts made IN perfect
good faith by some of the cotton manufacturers
10 divert the flow of immigrants from the cities.
whore they are not wanted. to the South. where
there is need for labor. should have offered
opportunity to the government officials. at the
hehest Of the labor organizations to prosecute
the manufacturers"
The labor situation Is the most important
problem before the cotton manufacturers to-
day" said Mr.. Lowe The shortage Of labor in
the North is about equal to the shortage in the
South. This shortage is so great that cotton
min building is almost at a standstn compared
with what it is in England"
Theodore II. Price. who recently secured an
injunction against the New York Cotton Ex-
change demanding that 1t obey its own rules.
outlined the reasons for his action in a long ad-
dress which closely followed. He said, in
part:
I believe, that the, New York Cotton Exchange
tom trade OF the world. and that Il be made 10
the article require against the hazards Of their
business. through the distribution OF this hazard
among the many who are willing to speculate in
ton cannot be- performed unless there is a speedy
change in present rules ana practices on the New
ton must he made permanent That standard
ci,sSint.ti6n Of cottot Tha rules must be SO
changed that a man receiving cotton has some
it. and not hold II simply "a big stick over
the head o. the misguided speculative buyer OF
the difference between the grades the law Of
appeal 10 an authority other than that which made
It is not generally appreciated. but. a matter
OF iact have during the last six years received,
New York Cotton Exchange. l doubt If any other
thN cotton In ~" hope Of being able 10 resell Il 70
Guilty In such resalrs a constantly Increasing one.
untH to-day the obstacles In the way Of such bust
OF a reformation Of existing methods 90 49,
Unless business In cotton-red cotton-be made
PIaru'ab,e ~ some change in methods. the cotton
Cotton Exchange itself win become drcadrnt 1t
Is To- avert such a deploralple development that
r j. Watson. Commissioner OF Immigration Of
South Carolina, IN address on immigration.
zorro buratvd President Lowe on the scarcity of
labor. and told Of the need OF desirable class
OF immigrants. He suggested that desirable i'm
migrants be brought directly into the South
through Southern port OF entry.
JONES W. Burke of the National Export Asso-
citation OF the American Manufacturers New
York. In an address on the export Of cotton said
the United states to-day furnished only per
cent OF the worlds exports of cotton goods. or
about per cent Of the total quantity shipped by
England The principal cause OF this condition.
he said. lay In the fact that American manufaCt-
ureTs had not been In direct contact with the
Eurouean markets. In consequence Of which the
National Expert Association OF American Manu-
iactur"rs had been formed, whereby agencies to
further American trade In Europe We're main
tanned.
Among others who spoke at to-day's session
We're Or = " France director Of the PhUadel-
rlia Textile School. ON Qualifications Of the
Modern Textile Designer; r. W. Robertson Of
Columbia. : G.. on Expansion OF American
Currency: W Wilson. president OF the Phila-
d"lphla Commercial Museums. on Exports Of
Cotton Goods. William Whittam. OF Washing
ton. ON American Exports of Cotton Goods
and Edwin \ UaTtshoru. tariff appraiser New
York. ON THE TayiH on Cotton Examines"