Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-03-24

and in spite of this condition the ten
dency of prices continues downward.
Such a condition does not look rea-
Sonable and it is not reasonable.
From last Saturdays Wall street
edition of the New York Evening Sun,
one of the most accurate and compre-
henSive market reviewers of which we
have any knowledge, we clip the fol-
lowing:
The general visible supply Of cotton
decreased during the present week
about $4,000 bales. against decrease
for the corresponding week last year
OF 60, 400 bales. The worlds takings OF
American cotton for the week, accord
ing to the figures of the Financial
Chronicle, were 250,304 bales, as com
pared with 272,7S4 bales for the cor
responding week, last year. Iaklngs
of American cotton to date totalled g.
63O,2S9 bales, as compared with S,44S,-
264 bales at the corresponding PERIOD
last season. The visible supply or
American cotton last evening was
placed at 3,29S,7S3 bales, as compared
with 4,O4O,296 bales a year ago. The
amount of cotton brought into sight
during the week was 149,446 bales, as
compared with 221,7S2 bales for the
corresponding week last year. The
into sight to date totals 9,593,22S bales,
compared with 1855 404 bales for the
corresponding period last season.
Southern consumption to date was es-
timated at 100000 bales, the same as
last year, while northern consumption
to date totalled 1,30S,27S bales, COM
pared with 2,130,104 bales to the cor
responding date last year. Exports OF
cotton for the week aggregated l0i,-
4qS bales. compared with 122,772 bales
for the corresponding week last year.
The amount of cotton on shipboard
last evening not yet cleared was 154,4oo
bales. against 301,527 bales year ago.
Continental imports during the past
week totalled $4,000 bales.
All this seems to indicate that not
withstanding so much talk of the cur
tailment of southern consumption,
southern consumption has been going
on very much as usual and notwith-
'standing n decided curtailment in the
consumption north, the into sight TO
date is 100000 bales less than last
year.
or course. there is some discourage
ment in the shutting down of the Fall
River mills; but somehow or other
even this circumstance does not seem to
impress the business world as being as
serious as on it's face appears.
The feeling prevails throughout the
south, especially among the cotton
producers, that there is little else in
the whole matter other than fight
between the producer and the balance
of the world, not over Is cents, not for
123 cents, not over 10 cents; but for
the mastery of the situation. There
were indications along. this line begin
ming away last summer with such an
active compaign to buy cotton for fu-
ture delivery, and almost every cir
of significance that has
since developed seems to. be susceptible
of more or less convincing application
in support of such feeling.
While there is nothing at all sur
prising in the decline Of the contract
market at this time, or at any other
price Of the actual cotton cannot be
lowered except by throwing 1t on the
market. and this those who have SO
firmly held out thus far will hardly do.
Thus far the fight of the cotton pro-
ducers has been managed magnificent
ly. That part of the problem, (the cot
ton Of the weaker producers) that
threatened the greatest danger, has
been successfully disposed Of. 1t would
be too bad if the people who have ac-
complished so much for the others
should now fall down themselves. They
must hold out to the end.
The best possible way to meet the
present slump in contracts is to re-
duce the acreage, and if prices should
start up again shortly, which Is not
unlikely, let those who have determined
to reduce hold all the more firmly to
their determination.