The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1914-12-15
EUROPE NEEDS THE
SOUTH'S COTTON
Senator Smith Receives German
Advices.
AN INQUIRY is MADE
state of Market is Looked Into
i'm Countries Now at
War.

South Carolina is today in recent
OF further information from Ger
many as to the outlook for Ameri-
can cotton consumption in that
country. 1t will be recalled that
some time in the early fall Senator
smith wrote to number of cotton
buyers, brokers and manufacturers
in European countries now engaged
in war that buy largely in American
cotton. The following letter from
large importer of cotton in Bre-
men is both interesting and timely:
Our cotton spinning and weav-
ing mills are very busy on account
OF army orders. The general bust
ness of our mills is better than be-
iore the war In the long run the
consumption is hard to estimate
mills of higher goods are on short
time already and many mills in the
Elsaas are closed up, for the greater
part our spindles depend on how
much American cotton will reach
Germany We do not think that less
than two-thirds of the general con
sumption will be used if this cotton
can be imported.
stocks OF American cotton were
IN Bremen at the beginning of An
gust about 100000 bales and are
now reduced to about 10000 bales
which are but for a few hundred
oaies sold and pledged TO spinners
stocks in the interior arc small ana
mostly Indian cotton on account of
ITS cheapness two months ago com
pared 10 American growth. Sp;n-
ners' supplies will on the average
last till about the end of Novem-
ber.
About 40 per cent Of our mills
returned to full time. those having
army orders, especially weavers. are
working overtime.
On continuance of the war We
think conditions will even improve
Or course, all depends upon what
quantity of cotton will reach us.
Funds for purchase of cotton
are plentiful and readily furnished
by banks heretofore engaged I'm cot
ton financing. All those concerned
were we'll prepared and have not n;
all suffered by the war.
BY NEUTRAL STEAMER
German and English boats yhat
have so far mainly carried American
cotton to our harbors are of course
out of question, and it will rcmair
to neutral steamers to bring cotton
to neutral ports wherefrom it can
s2fety be carried to our country. We
do not doubt that in the event of
larger cotton hipments-compa
with former yearS-Io certain norris
the English government will under
some pretense capture such cotton
especially if such steamers belong
tn smaller European nations We
would prefer TO secure for our re-
quirements in shipments on s.mari
con bottom. and with the whcIe OF
our trade look to the American gov
"rrLnent TO protect the interest OF
thc SoutEe.n States whose rrorcr.v
most oil shipments will remain until
landed ut neutral ports or destina-
ton. German and Austrian consump-
tion of about 100000 bales of cot
/ ton will mean . good deal to AM. RI
Clu producer
Mills have replaced by others
practically all labor men wh1 we're
called to the army. Spinners employ
to large percentage women nands.
Many wo;kmen are applying for
work and any vacancies would
easily be filed
With exception of the steam
ship Auroa and such cotton now
obtained at Antwerp. no cotton has
reached this county after declaration
OF war. Within the last month pot
cottoi rose sharply to now about 90
! pfg. per 1-2 ky. which equals in
American money Bremen spot terms
1854 cents per pound. Any receipts
OF new crop cotton via neutral ports
would be OF course, lower prices
decidedly
! Our agents In mill centres in
quire daily for offers of cotton and
from all reports obtained a good