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

cotton gained as much as twenty
4ya points yesterday. The world Is
fnding out that the crop is short and
that 10 amount of betting by the
hears or curtailing by the mills can
keep down the price. North Caro-
lima Will be greatly helped by this
rise in price. for everything the farm
or has had to buy has been high, and
i'm some counties the crop is quite
short. In other counties the crop will
be large and those arne Will reap
the harvest. The very short crop in
Texas aud the Southwest means big
money to the farmers who have made
rood cotton crops. Those farmers
who contracted to sell their crops last
summer for ten cents are as blue as
indigo. They feel worse than the
Texas farmer, whose loss is due to
bad weather conditions. while the
North Carolina farmer who sold
ahead for ten cents has nobody to
blame but himself. Tt is even worse
for those who contracted to deliver
twenty bales at ten cents, and. having
raised only fifteen bales, must go on
the market and pay fourteen tents for
i've bales 10 keep their contract. This
is q severe lesson, but it is one that
will never be forgotten. In view of
this fact, however. that cotton last
year at this season was bringing eight
cents. these farmers We're not further
wrong than the spectators who bank
Cd on ten cent cotton. The differ
ence is that the farmer has only his
own crop TO support his family while
spectators usually have noney put
aside for i rainy day.
What about enrichment? Most
North Carolina mills are curtailing by
running only five days in the week,
all hoping that a parity between the
raw cotton and the product of the
mills Will soon be restored so that
fuII time may be shortly resumed. The
.urtailment in New England has not
materialized a special from Fall
I,fver to the New York Commercial
says:
4 al NV ~. % Wow VI bIiS
largo volume OF business that is pass
ing. cloth manufacturers are not SO
loud in their protests against the high
levels attained by cotton and it is
known that a majority Of the sales
that have been mad during the past
Two weeks will net the mills a fan
aoHt. There IS very good demand for
various makes of narrow goods. Nearly
@Hl n3rrows are being disposed of on
lie basis of 4 cents for 2S-inch.
t#E54s, : yards to the pound. There
is q substantial call for wide goods
ami the basic price for SSH inch,
64X64s, SIS yards - the pound, is
u $ cents a yard.
"Nortracts have been entered into
calling for deliveries extending
through the first three months OF next
scar and this dispels the idea of & cur
ta]ment in n near future
The New York Commercial. writing
Of the cotton goods market, says:
Sellers in this market are turning
down more business than they are &C
repting. Buyers who have held of
the market for one reason or another
are now anxious to place orders &c
cover future requirements, but are not
willing TO pay prices sellers want fol
contracts ahead. The strong situa-
ION on raw material IS resulting II
Hianufacturers becoming more con
sentative than ever, and is greatly re
Stricting business. JobbeTs here, and IL
ether sections of the country. are Will
ms TO place orders for forward dellV'
cries. as they want to get more good:
On hand. Requests are being sent tC
the mills for the earliest shipments
possible on goods already under or
der, and recorders are being Offered
Tor later deliveries at today's price
levels. Selling agents handling Stapl;
lines of cotton goods are either hold
ing their goods at value or have
withdrawn their lines from the mar