New-York tribune., 1911-01-02
PRINT CLOTH MARKET
| w Quotations and Small Profits
During the Year.

,.-ourhout New England have shown
ee'. ,,ro4ts IN the year, and In many in
ih ,ales have been made below the
:, manufacture, and II is on this ac-
o' that manufacturers have complained
co., - ,he low quotations for cloth ana
he ,s.n unwilling for the greater part Of
,..er 20 enter into contracts which
Nv ,or tho delivery OF goods for a period
To- than three months. According to
s.Ss kept by local cloth and yarn bro
IN this city, there have been sold in
ke's ,,srket alone sy55o.ooO pieces Of print
u .oual 10 about sZ7.5oo,0oo yards. Strik-
oV' average Of AZ cents a yard, the
ns soproximate S4,7s7,5oo. The sales re-
,mbody for the most part the moro
N~,or constructions OF the lower grades
sv1,n,b woven by the mills IN this city,
a. not. generally speaking. include the
fhu trades Of fabrics which are manu-
n n,,ss at mills producing high count
The cloth quotations ruling on
So { 1910. were: 2Sinch S4x64s. 4 cents
'sn 's-a. ss-inch e4xsos. SH cents: 2-inch
-. 1916 cents; 27-inch 5sx5ss. S1a cents;
'rcs 5sx52s, b-1S cents; sSs-inch 64xe4s.
..,ts. SsIh-inch 6iXS9s, 6h cents; 3einch
80 81 cents: 21-inch 56x44s. 31|16 cents;
. ,ncb 5Sx44s, 2% cents; 96-inch 4Sxses, 2A
.-,s The closing prices for tho above
IN the order as above, are: Sst cents.
o. ss-lS lie. ia. b&, 21slS, 2Ss and
r. r.. These prices have been decidedly
'..s,aotory, and they have been the
-. Of much worriment on the part Of
eturers, who have contended right
.., that with these prices and the cost
.o,.on the profits from sales have been
,,rernely small.
,o,ording to official statistics there were
,'a,.-,d TO the cotton mills in the cotton
Ar2 bales, against 4s2, 4s2 bales last
"a, decrease OF 11S,2so bales. The cot
- year extends from September ! to Au-
su OF the following year. The statis-
-. .svw that the greatest number Of bales
s.gv,,sd occurred a year ago December,
=. ,otal being 57,s58 bales. and the lowest
sa1,e July of this year, S43s bales. The
s..-.ass may be attributed in part TO the
.sur1aIly high prices which prevailed for
-. -sv material Tho highest New YORK
H s~o.ation for spot middling uplands cotton
~, which other calculations are baseo'
t-.s 1915 cents a pound, this being on Au-
.rst q OF this year; the lowest was TO-"
.,rts a pound, on September 2o' On jan
r.rv OF this year spot middling uplanos
...,or commanded a valuation Of 1910 cents
nornd. On August 27 Of this year cotton
vas ouoted at 1890 cents pound, ana TWO
savs later Jumped to 1913 cents the hlsh-
~,+ since the Civil War. It has been figured
.bat the margin Of profit between 40 yaiuS
:, as.inch e4x64s and S3.11 yards OF 5S12-inch
sIzs4s during August was less than SS cents
-s,ch IS considered by the trade as being
,vt-e-neIv low. Then, too. the mills IN thls
,ltv and. in fact. throughout New England
.r-+sUsd 20 q very great extent. and on
,b,s account comparatively little cotton was
,sed Al one time during the summer cot
,o1 was reshipped TO New York ana soiu,
and p greater amount Of profit was secured
IN this manner than II tho same cotton hao
sssn manufactured into cloth and the cioth
.cn The annual consumption OF cotton
.,,ourts 10 more than 10000 bales. and 1t
"a, IA seen that the mills here have not yet
,ara, their full quota OF the raw material,
. M nrobabIy Will hold off as long as pos
.ISIA before making their full purchases.
The dividends distributed 10 the stock
holders of the local cotton mills IN the rs
raj wear amount TO Sl,S27,6o. this being az
the rate Of e,s9 per cent plus on the total
OF S27,1o5 900. For the year
GA .hA total dividends amounted 70 sl,gl,-
ssN- or III per cent plus ON total capl-
,alization of s2e.b25,0Co. It can be seen by
cornarinR these figures that the DIVIDEND
disbursements in 1909 were s1A,Soo larger
than the disbursements for this year. and
il,s On a slightly lower capitalization. The
mills In this city have replacement Valua-
ton of moro than 100000. The above dis
i,uraernents do not include the amount OF
dividends which were declared by the Fall
River Iron Works Company and the Amer
lean Printing Company's concerns, the
properties OF NJ. c. D. Borden, of New
York. nor the Algonquin Printing Com
pany's concern and the Durfee mills, all
very extensive enterprises. OF the forty or
more mill corporations in this city, en-
bodying more than 14 mills, only one con-
cern does not pay dividends 10 its stock
holders. This mill started about three
years ago. but It is making money, and Will
begin paying dividends In the near future.
There has been expended for new ma
chinery and revampment in other lines
more than 100000 during tho year, and
one new fine goods mill has been projected.
Work is being done, but It will be some
time before the new concern will be ready
for operation. There are more than 100000
spindles and 117OO0 looms in this city, and
more than 2O0OOO,OOO yards Of cloth are
here annually. The mills are
called upon TO expend large sums Of money.
and for taxes alone the expenditure is
large w. G. d. Borden. owner Of the Fall
River Iron Works mills and the American
Printing Companys concern and other
Properties in this city. pays as his proper
tomato part Of the taxation more than $685.