The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-11-02

OF the u IN control which are
encountered in the Mississippi Valley.
Ii IS steadily eating its way eastward
until it probably will reach the Altar
tic coast.
Chicago passed this out at 10
O'Clock last night:
Chicago, Oct. 2S.-Profts = licii
James A. Patten and his friends have
been piling up on the bull side of the
cotton market swelled by a further
sharp rise in the price. Mr.. Patten
has been right on the cotton market
for several weeks. and according 10
brokers in La Sale street, the steady
in prices during that time has
added a big round sum to the fortune
which the former a of Evanston
has Wrested from the grain pits on the
board. His winnings so far are esti-
mated at upward of $1,000, 600, and
many of his friends have made more
than enough out of the market to
pay this winters coal bills"
Philadelphia-We know Of /. 900, 900
pounds Of yarn that were bought here
by "a knitter last Saturday at existing
prices.
1t is worth reviewing some recent
crop estimates by firms with reporting
staffs of some size. Well Bros. say IL
coV,VoV boItS. ~. J. DuSlOI, W.
000; Neill Bros, 10,60O, 900 to IL
900. 900: j. w. Soady. 10,750,O0O; J..
l.. Neill, 100000. We'll Bros. raised
their estimate to 1880, 900 following
the reports Of frost early in October.
Their latest letter stated that the
frosts had done more damage than
they had anticipated earlier.
Egan J Cotton is going as fast
y < tho comet Watch tha Snntu II Won
want the only index. It is not to be
supposed for II minute that the
planters will part with their final
million bales except at very fancy
prices. as they know the situation as
well as the OPERATOR"
A telegram to Dick Bros. & Co.
trader in the Crescent City read:
while still bullish, | don't like moEe
recent additions to our ranks and am
encouraging my riends to take
profits. SO as to buy back on a good
break which l suspect is not far off"
Atwood Violet & Colt is now be
coming more Vident that the crop
may be less than 10. 500. 600 or 1000
000 bales less than had been calculat-
ed on recently, and as every bale
short on his crop means that twO
additional bales Will re required next
year there are enough people able to
buy spots or contracts that are willing
and are doing so. to- take care of all
the cotton that may be offered in
either form, until some change takes
place in the situation that would be
tangible ground for 4 change of senti-
ment. For our part we see nothing
except steadily advancing prices, with
only minor recessions, because every
bale Will be wanted and no mill will
close down as long as they cal get the
cotton they need.
Dick Bros. & Cove feel bullish
on cotton and expect much higher
prices. Just at present, however, no
appears to look for any reaction.
and for this reason reason one is not
altogether unlikely to occur.
wv. Soady, New Orleans-Weatner
conditions have been most favorable
for the rapid picking and marketing
of the crop and the season promises
to be the shortest in nan years. 4
great many farmers have already fin
ished picking in this State and in
Texas. Owing to the premature de-
velopment. the proportion Of lint to
seed cotton has beer lessened. Fron
several sources I ledrn that it IS now
!. taking 1900 to 100 pounds OF seed
cotton to make 4 bale. against 1,50C
pound last season anu the weight OF
bales is from IS TO Is pounds per bale
LIGHTER. The recent frOstS in the
northern portion of the cotton belt
have undoubtedly damaged any pros
pect that may have existed for a top
crop, but the yield could not in any
event be much augmented, as, in the
drought-stricken districts the plant
has no August growth TO nature.
vxvI.-+ ,I1,,t ..,frnn onnISp Tho
North Carolina mills have not been
able to sell their product at sufficient
advance n price to give them any
profit at the prevailing prices OF cot
ron If a manufacturer cannot run