New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-04-13
HARD Time FOR COTTON
Crop a 0isappointment-Cur-
tai|ment Continues.

Boston. April i2-''Misery likes company,
said President Franklin w. Hobbs in his
annual address before the opening session
OF the annual meeting of the National Asso-
citation Of Cotton Manufacturers in this
city to-day in referring to the fact that the
Lancashire cotton mills had been having
hard shedding as well as those in the
United States. The convention. which is
being held In Huntington Hall. Massachu-
sets Institute Of Technology. will also be
In session tomorrow. The delegates many
of whom attended the Technology Congress
on Monday and yesterday, were welcomed
by Governor Foss. r. n. Miller. jr.. OF
Charlotte. y. c.. replying.
The association medal for 1910 was award
ed to Charles T. Main. Of Boston. in recog-
milton Of his contributions TO textile publ
cations.
In his annual address President Hobbs
said:
Last September | remarked that the cot
ton manufacturing industry has been IN
trouolous times since we met, in April
last. and / regret 10 be compelled TO state
that the troublous times have been con-
tinued. The cotton crop has been a dis
appointment curtailment has continued
and a most unsatisfactory condition has
oasis Added to perplexing business condl-
IONS has been the upset political situation
ana the uncertainty due 10 expected de-
cisons of the Supreme Court which will
have farreaching effects Uncertainty of
the future is the most dreaded condition IN
which business can get. With these two
Factors removed we shall know where We
stand and be prepared TO go forward.
Misery likes company, and II may interest
you TO know that for the year ended No
vember 80. 1910. seventy-three concerns in
ca a
| STOCK of Sl2, 10000 and an added loan capital
OF 50. oo. showed a loss Of 81 2l5. 600 after
paving interest on loans and allowing for
depreciation. These figures are the worst
Tor twenty-five years
1t is undoubtedly true that the consunp-
uon or cotton is steadily increasing each
year. and II seems equally true that this
increase in consumption will continue. It
is estimated that there are now on the
earth l500,60O0e0 persons. Of whom only
9goV0O00 are completely clothed, while 80 =
10000 are only partly clothed and 2J0,0C000O
practically do NOT possess any clothing az
all. It is further estimated that to clothe
the whole Of humanity would require :2.000
100 bales Of cotton each year. instead OF
about 1LOo)Qro' the last years production
Of the world.
With the increases Of machinery which
1 have been made II is evident that the con-
sumption Of the mills OF the world on full
time would be not less than 20o00.er0 bales.
The query thus arises: Where will the
additional amount OF cotton needed for
the world and its increasing population
come from
/ think I am not too optimistic 70 believe
that from the present acreage the Ameri-
can production could be doubled II proper
methods were used. and It IS along such
lines that our friends in the South must
work TO secure the best results for them
selves and the spinners.
Following President Hobbs's address
Richard c. MacLaurin. Of the Institute Of
Technology. and Theodore Il. Price, of
New York. spoke 70 the delegates. who
were much interested IN a demonstration
Of cotton picking by machinery, given by
the New York man.
The students medals for the encourage
ment Of textile education, supported by a
fund given for that purpose by the late
Moses Pierce. OF Norwich. Conn, were
awarded this year 70 Thomas Bryan sum-
merlin. Of Mount Olive y. C; Edgar
Walker Harris. Of lockwood, Ont. grad
uate Of the Philadelphia Textile School
and William Oscar Jellon1e. of Psssaic' \ J.