Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-01-31
THE YARN SITUATION.
Commission Men Seek to Tempt the
Spinners.


Charlotte special to New York Com
mercial.
The offer from Paulson, Linkroum &
Co. of New York to advance IS per cent
I on yarn consigned to them by southern
spinners was received here as an ef-
fort to thwart the plan Of curtailment
and has been made the subject or
warning letter sent out by T. w. Crews,
secretary of the Southern Hard Yarn
Spinners association. Mr. crews
writes:
Gentlemen: beg to call your atten-
ton to the following advertisement
which Is being published In the Char
lotte Observer. It's first publication
was on Tuesday of this week.
Cotton Yarns.
We are prepared to make cash ad-
vances, three quarters value to any
amount, on standard quality Of desir-
able numbers Of warps and skeins,
weaving yarns; also knitting yarns all
numbers. kilograms and letters Will
be answered promptly.
Paulson, Linkroum & Co.
/ Nos. S7-S9 Leonard St., New YORK.
This advertisement also appears in
the American Textile Manufactures,
this concern using for this particular
advertisement twice the space 1t has
formerly used for advertising purposes
in that journal.
An Effort to Discount Curtailment.
This advertisement, following so
closely the action taken by the hard
warn spinners In this city, is nothing
more nor less than an effort to discount
our plan to better the yarn market by
curtailing production and discountlnu-
ing shipping yarns on consignment.
my object in calling your attention
to this particular advertisement Is to
urge you not to ship yarns on consign-
ment under any circumstances, as 1t Is
a we'll known fact that in doing so lies
the greatest menace to higher prices.
Reports are being circulated broad
cast regarding the large stocks OF
warns in Philadelphia. New York and
Boston, but information Is beginning 10
become known that much Of these huge
stocks are understandable, low-grade,
inferior goods that have been on hand
a long time and very likely will be for
a longer time and are used to swell fig
ures of stocks, as Is often done In the
case of very low undesirable cotton
carried as stock by the New York Cot
ton Exchange is used to depress prices
of cotton 1t Is we'll known how this
plan Is so successfully worked.
That the action Of the hard yarn
spinners last Saturday has already had
some effect is indicated by the follow
ing which appeared in the New York
Commercial early this week:
"A stronger feeling as to prices on cot
ton yarns Is already In evidence In this
market as O result Of the curtailment
policy adopted by spinners at the meet
ing in Charlotte on Saturday last.
Dealers are showing less Of q desire to
dispose Of their holdings regardless or
prices, and the market all along the
line Is steadier In several instances
large sellers in this market sent out no.
tees to their customers yesterday ad-
yising them to place their orders for
future requirements at an early date, IL
they wish to get yarns at present
prices.
"In addition to the agreement be-
tween spinners of hard yarns to close
down their plants during the whole
month Of February, or half of Febru-
ary, and half of March, and the soft
yarn spinners to curtail 33 1-3 per
cent during February and March,
some spinners state that they expect
to close down their plants and VIII
not open again until they can do bus
mess at a profit. With the spinners
taking this attitude, and sticking to
It, 1t should not be long before the
market goes to a much firmer basis.
Dealers will not find it difficult to dis
pose Of the yarns they now own, and
at the same time they will not be able
to replace these until they are willing
to meet spinner's price ideas.
"Weavers and knitters, who are
known to be short Of yarns, are ex-
pected to come into this market at
any early date. For some time past
they have been holding out on the
statement that spring business has not
developed far enough to tell just
what raw material supplies would be
wanted, and that the yarn market was
in too irregular a condition to permit
of purchases being made with any de-
gree Of safety.
dealers are now refusing to meet
the low offers that some buyers are
making, as the yarns cannot be sold
except from stock. In addition to this,
1t Is gradually developing that stocks
are not as large as many had suppos-
ed. After the stocks now held have
been disposed of, the dealers will have
to pay higher prices for fresh supplies.
AS they paid high prices for the
yarns they now hold, some have de-
cided to hold what they nave until
better values can be secured.
with spinners curtailing their pro-
duction throughout February, sup
plies Of yarn will not be large by any
means Some conservative members
Of the trade believe that weavers and
knitters who delay their purchasing
too long will find this market rather
bare of supplies, and higher in price.
Some buyers representing weaving
mills, have been in this market since
the week opened, but up to the pres
ent time no orders Of any size are re-
ported as having been put through"