The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-10-13
YRICE OF COTTON
MAN MANUFACTURERS.
BEING ASSAULTED By THE GER

Their Claim That an Enormous
amount Was Brought Over From
Hast Year is Denied.
Henry S. Reed. editor OF the AT
!ap,a Cotton Journal. has issued a
Statement; about the alleged large
stocks OF that commodity caEcied
over and now held in reverse. He
says:
Statements have been made rel
ative 70 the enormous stocks OF cot
ton carried over. etc. But the car
ry-over shown by the following hg-
ures for September l. 1898. and Sep
;embe, l. 1909. was but normal:
.'Spinners stocks in Great Britain
Oh September /. 1909. were "n2.
,ales as against $1,000 bales on
:.p,ember /. 4 year ago. or IN actua!
shortage OF $4,000 bales this year
IS compared with last.
"Spinners stocks on the continent
Of Europe September l. 1909. ag-
s7ega,ed l.32l.O00 bales agaias, l.
$4,000. September one year ago.
This is an actual increase Of 49,
900 bales. making the increase in
foreign stocks September I. 1903.
ever September l. 1905. $1,000 bales
or enough 70 run the continental!
mills three days. or enough to run
English mills FIVE days. The Eng
.ish mills used 10000 bales per week
during August. 1903. and $4,000
bales during August. 1908. The
continental mills used 10000 bales
Der week during August. 1903. and
lis0S. The total weekly consu,np-
ion abroad during August. 1909. was
$4,000 bales against $4,000 dur.
ing August. 1908"
Bearing the Price Of Cotton.
Under the above caption the Co
lumbia State editorially discusses
the effort being made by the manu-
! tactu7ers as follows:
Certainly intelligent and s'-enu
Gus efforts are being made to bear
the price OF cotton. Already we have
beard that il the present prices O.
/ cotton are maintained that 1t VII
5e imperative that the Southern mills
| lose dcwn-not on account OF tn
| lack Of cotton. be 1t known. but be
:ause he high prices Of cotton leav'
10 margin Of profit for the manufac
.urer OF the finished goods. .
course it is true that high prices o
.o.ton DO hit the Southern mill
harder than other mills because o
The fact that the Southern manrfac
.urers turn ont as rue the coarse
.rade OF goods, in which the elemen
II the frs, cost OF cotton enter
more largely than in the finer grade
Of goods.
But now the International Confer
eace Of Cotton Sp!naers. SO We a:
told. at Frankfort. Germany. hav
adopted these positive and painfr
resolutions:
Whereas. al! the Eupropean spin
aers have expressed the opinion tha
the large visible and Invisible SUI
plies Of cotton. together with tn
prospective favorable East Indian an
Egyptian crops. will suffice to cove
the requirements. even no,w!thstane
ing the unfavorble outlook.
Therefore. it IS urgently recon
nended IL view Of the unusually his
price OF cotton aad the unremrners
tive selling price Of goods. that th
existing restrictions must be mair
tanned and extended as fars as pos
sib.e.
OF course these resolutions ma
have seen Frankfort or Wal lst.ee
land maybe both And Of cours
me information that the EgypHa
and Eas, Indian cotton crops ar
especially good will serve TO alte
the tone Of the American market
whole !ot-maybe The Egyptla
and East Indian crops must have il
creased a great deal in importanc
since the last time cotton was pick
ed.
In fact and soberly. there is ever
reason why cotton will hold its pres
ent price-unless indeed it advant
es. The outlook is foc around a
eleven-million-bale crop. when
thirteea-mi!lion-bal crop IS neces
sary to keep the mills going and t
meet the demands OF the spinner:
Cnder these circumstances it is Gel
:ainly reasonble and almost ;ncvi
!. :able that the prize Of cotton vi
be maintaincd-or advanced. Iha
/ is the logic Of the situation and
!ozen resolutions adopted at Frank
fort can not alter this logic Of tn
situation. II the farmers bold tiga
for reasonable prices. if they refus
TO be scared by resolutions aud b
reports Of East Indian and ESsI
tian cotton crops that have never 3e
fore affected the makets Of the wirld
if they simply sit easy and rest upo
their oars. We imagine that in tn
end they will get the price that tn
exigencies Of supply and demand e1
erciSe
| I: would certainly be inte1estin,
10 trace these Frankfort Germany
resolutions 70 their ultimate source
Somehow. they have a touchi to u
Of Home. Sweet Home"
LABORER GETS FAT SALARY.