The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-10-20
PRICE OF COTTON
BEING ASSAULTED BY THE GER
MAN MANUFACTURERS.
Their Claim That an Enormous
:Amoun, Was Brought Over From
Past Year il Denied

Past Year il Denied
Henry S. Reed. ed:,o: OF the AT
!aota Cotton Journal. has issued
statement about the alleged large
stocks c. :ha; commodity carried
owe. and aow held !a reverse. ae
says:
Statements have been made :e!-
a,;ve 20 the enormous stocks OF cot
ton carried over. etc Bat the car
rv-ove. shown BY the following os-
u.es 10, septenhe. l. 1925. and sep
teuoe. !. 1909. was but normal:
.Sp;nne.s stocks 10 Great Britain
On septembe. l. 1909. were 10000
oales as aga!as: $4,000 ea!es on
Sep,smbe. !. a year ago. o. al sctua!
shortage OF 5000 bales this year
4: compared with last
..Spinae-s stocks on The continent
Of Europe Sep,emoe. l. 1909. ag-
sresa,es I.3o4.000 Bales against l.
u.s.. 900. September one yea. ago
This is al actual increase os 49,
600 bales. making the increase N
foreign stocks September l. 1903.
over Septenbe. l. 1905. $1,000 bales
or enough 70 run the continenta.
mills three days. or enough 10 run
English mills Eve dayo. The Eng
Iish mills used $4,000 hSles Per week
du.iag August. 1898. and $1,000
bales during August. 1905. The
continental! mills used 10000 bales
per week during August. 1893. aad
1898. The ;ota! weekly cousump-
,;on abroad during August. 1899. was
10000 bales against $4,000 dur
ing August. 1905.
Bearing the Price Of Cotton
Under the above caption the Co.
luu,b:a State ed;toria!!y discusses
the effort being made by the manu-
tac,urers as follows:
Certainly Intelligent and strenu'
Gus Efforts are being made 10 bear
tie price OF cotton. Already We have
| heard that IL tie p7-seu: prices or
| cotton are maintained that It vii!
! Be imperative that the Southern mills
! close do~n-not on account OF the
/, lack os cotton. be II known. but oe-
/ cause the high prices OF cotton leave
40 margin OF profit toc the maoutac-
,urer CT the finished goods. o.
course j, is true that high prices o!
[ cotton DO Sit the Southern mills
aa.de. than other mills because OF
the fact shat the Southern maautac-
,u-ers turn GU: as rule the coarSe'
grade OF goods. in w@ich the elemen;
of the frsc COS, o! cotton enters
more largely than in the saes grades
Of goods
But now tie International! Confer
ence OF Cotton Spinnecs. so We are
told. a: Frankfort. Ge7maay. have
adopted these positive and painful!
resolutions:
Whereas, al! the Eup-opean spin
gers have expressed the opinion that
the large visible aud Invisible sup,
plies Of cotton. together with the
prospective favorable East Indian and
Egyptian crops. will suffice to cover
the requirements. even notwishstaad.
Therefore. it Is urgently recon-
nended II view Of the unusually asSe
price OF cotton and the unremunera'
live selling price OF goods. that the
existing restrictions must ee main
,a;oed and extended as sa4 as pos
sible.
| OF course these resolutions may
have seen Frankfort or Walt street
and maybe both. And ot course
! The information that the Egyptian
and East Indian cotton crops are
especially good will serve TO alter
the tone OF the American market q
whole lot-Daybe. The Egyptian
and Eas, Indian crops must have in
creased a grea; deal in importance
since the last time cotton was pick
ed.
| IN fact and sober!y. there is every
reason Why cotton wilt hold !ts pres
eat p-;ce-uniess indeed It advanc-
es. The outlook is for around an
eleven-m!ilion-bsie crop. when q
,hirseea-nill,on-haie crop IS neees-
| sary 70 keep the mills going and 20
meet the ceaa1ds OF the sp;noers.
Code. these circumstances It is GER
,a:nly .easonble aud almost !oevi-
table that the price Of cotton VIII
be mainta!ned-o- advanced. That
is the logic OF the situation and a
dozen resolutions adopted at Frank
fort can not alter this logic Of the
situation. II the farmers hold tight
foc reasonable prices. il they refuse
20 be scared by resolutions aud BY
reports OF East Indian aad Esp
,:an cotton crops that hare never ~
fore affected markets OF the world.
II they simply 81, easy and rest upoa
,hei. oars. We imagine that II the
end they will get the price that the
ex:gencies Of supply and demand ex-
erciSe.
II would cer:ailly be interesting
% trace these Frankfort Germany
resolutions TO their ultimate source
Somehow. they have touch TO US
Of Home. Sweet Home"
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