The Montgomery advertiser., 1908-11-09

dom and about 2s per cent by France.
 The annual exports of manufactures Of cotton are subject to wdde huctua- tions. those for 1908 amounting to s2b.- lIT:1Ss in value. or less than one-haf Of the calus of those of 1908. which amountsd to s5a,94Lo33 in value. This reduction In due entirely to the fall- ing on ok the exports to China. ths value of which dropped from s2s.si4.- o75 in 1906 to ss.41S,24s in 1903, and this fact strikingly iilustrates the ne- cessity for wider range of markets for American manufacturers.
 Worlds Status of The Industry.
 The second part of the bulletin gives summary of the present status of cot ton manufacturing throughout the world. The number of cotton spindles In 1908 Is given as 13o,054.4Os spindles, compared with 105,e6l232 spindles In 1900; the consumption of cotton in 1908 as 1s,S55,519 bales. compared with 15.- lS5, 165 bales In 1900. The number of spindles has increased 2S per cent In the eight years and the consumption of cotton 24 per cent.
 Short Time Worked.
 The financial depression in the fall of 1907 had a far reaching influence upon the cotten manufacturing indus try. beginning with the manufacturer. who first felt the tendency to curtail
 
 and slowly but surely working It's way down to the spinner. thence to those interested in the sale and distri- butlon of the raw material The mar. ket for cotton goods during the las. six months of the season was In q condition of over supply, in spite of the considerable amount of short time that had been worked, and producers were consequently at & disadvantage Tn RallfnU nf hair mil While these conditions prevailed dur~ ing the latter part of the season h practically all of the manufacturing countries, they were especially marked in the United States. the United King dom, and Germany. where there was a considerable eurtailment of produe- tion. Following upon the financial de- presslon, crisis of labor trouble oc- cured in Manchester in December last The average time during the year that the mills of the United States were idle is stated as 6s days. All of the mills in the Manchester district, England worked on short time dur ing the last few months of the season, but few shut down. the actual time operated averaging about 45 hours a week, compared with the normal run ming time 5s 1-2 hours Conditions now indicate that the worst is' passed and that the industry during the en- suing year will have to contend with fewer hardshios.
 Consumption Exceeds Production.
 The worlds production of cotton for mili consumption in 1907 amounted to 1s.6i2,1S5 bales, whereas the consump- ton during the year ending August al, 1908 was 1855, ,519 bales. a fact which indicates that the years growth was inadequate to the requirements by a. bout 2.340,o00 bales. This shortage was made good by drawing from ac- cumulated stocks. The fluctuations in the worlds supply of cotton is measur ed practically by the variations In the annual production in the United States psinoe thls country furnishes about two-thirds of the total supply. It Is a proper inference, and indeed a sig nificant fact. that, notwithstanding the large amount of short time" work in the cotton manufacturing industry during the year, the worlds consump- ton of American cotton amounted to approximately 12,500, 900 bales whereas the production in this country in 1907 yas only about 10000 bales of 500 pounds each, net weight, If the con- sumption of cotton during the year ending August 3l, 1909, should be equal to that of 1s0s the United States must contribute at least i2,- 50O.000 bales to prevent further de. vrease In stocks, The eonsunfrtinn of cotton in the world during is0s, how ever. because of the large amount of short time represents probably not more than three-fourtha of the maxi mum capacity of the mills and, t this be true, the potential consumption Is about 21.000,000 bales, But perfect conditions for the industry will hardly prevail throughout all the countries iA any one year. and under normal eondI- tions It would appear that the con-. sumption might be eonservatiyaly aatI- mated at 100000 900 bales. The share of this amount that the United States would be expected to contribute ls about l3.30O 900 bales.
 Historical and Descriptive,
 The third part of the report contains data and illustrations which present an interesting history of the progress of cotton manufacturing. one of the especially striking features being q synoptie history of the devices and inventions relative to the manufae- ture of cotton. published by courtesy of the Smithsonian Institution, United States National Museum.
 Utilization of Cotton Waste.
 4 brief discussion of cotton waste Is included in this part of the bulletin. It is estimated that the annual amount of this waste Is about lT5,000 900