The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-11-16

of the cOttOn-grOWer ana the CotloA
mountaineering the shifts in posi-
in order to sustain his general conten-
ton.
For instance, a Fall River citizen
not necessarily a cotton-mill man but,
of course, stepped more or less with
the cotton-spinning sentiment-was
quoted yesterday as saying h a the
cotton bulls" who have recently had
the staple bu1ged up above fifteen
cents a pound, with later recessions in
price not markedly significant, Will
pretty soon wake up to the fact mat
they have been riding for a fall"
the ruling prices for raw cotton, he
contends, if they continue, will force
the prices Of cotton manufactures. up
to a point where the demand will fall
off, and then the quotations for the
raw staple will go ION the toboggan'
in a way that will shock the whole
range Of the worlds commodities mar
kets.
"Undoubtedly," says another bust
ness man in the New England cotton
manufacturing area, there is a cotton
but two such seasons as the past one
eve come together. The present
prices for cotton will result in the
planting Of an acreage for next year
that will urpas anything ever before
known in the worlds history: and
z Tic udld IcSdIulIlS tIlc dI1ICuIL
of c~otton-seed that is being planted
reached the news agencies you will see
fireworks"
Now for the other side. The Chris
tian-Science Monitor, whose type is
set within easy hearing Of the New
England looms buZz, says that the
cotton-grower is slowly but steadily
getting independent of the %spinners by
reason of the misunderstanding use
of raw cotton for other than
textile manufacture; and it argues nat
inasmuch as the conditions that deter
mine the price Of cotton in these days
are very similar to those which are
determining the price of other great
staples-that is, the outgrowth of a
tremendous increase in consumption
1t must soon appear to be as true of
cotton as it is Of wheat, corn and
meat that the days Of low prices are
zone forever.
E. c. Scales, in discussing the cot
ton situation with Ralph Pearsall, said
that after h census report on ginning
he was convinced the crop would not
turn out more than 10,0OO,0 600 bales,
and that the final census report would
not show that figure. He added thai
with a 10000, 900 bale crop and a con-
sumptive demand for 1880, 600, tina
prices would have to go to prohibitive
figures. These conditions made him
bullish and that he is thoroughly con-
WINGED h a the market will go to 20
cents.
Berlin, Nov. The Association Of
German Cotton Spinners today issued
a circular to the mills urging the cur-
ta1lment Of yarn production as an alb
solute necessity, in order to prevent
the further heavy rise in the price Of
raw cotton and the exhaustion of SUD-
plies Of raw cotton toward the end Of
the cotton year. A certain curtailment
Will take place in January through the
enforcement OF the new law restricting
the hours Of labor for women in the
factories. but the association regards
this as inadequate to meet the re-
~quirements. The spinners must also
agree to a systematic restriction of
the production of yarn similar to the
method employed in the United
States, England, and other countries.
The following is a letter from one OF
the first and most prominent firms
Of Havre to William Ray & Co.:
There are 100000 bales in Havre
port which canno be discharged owing
to prevailing strike and therefore
Havre firm can see how small are the
~spinners' supplies in France. Spin
buy any grade provided firms
guarantee that their cotton will be for
warded at once by express. A good
uidHy nave SOiO tleiT WnOle p~TOQuCt1On
Of yarns Ct mean the whole 1910 out
putt short and are now selling futures
and whenever they buy spots they sell
against it. Italy has been a good buy
er of cotton in Havre, basis March
April, with the option to fix the price
until March %, 1910. Italian spinners
are absolutely short; Spain just the
same. Germany is also short and
Bremen are selling. short at Is on
what the South is refusing to sell at
40. I consider the position the most
serious one since the American war
and still look for much higher prices.
W. H. Armstrong electrified his
friends in New York with the follow
ing in pamphlet form:
''Tupelo, Miss, Nov 6.-To the