The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-09-29
THIS is VIEW OF CAPT. ASHE
Movement Should Be Co-Ex-
tenSive with Cotton Growing
Section-PresS Should In
sist on This Course and Such
Advice Should Go Out From
Every Sanctum

tlon IS necessarily of interest to every
ooutnerner; and although | do not
own a bale, | have made some notes
that may be interesting. First. on
the breaking out of the war. because |
OF hostile cruisers, all m on
the Atlantic immediately ceased: but
Great Britain speedily asserted her
mastery over the seas and established
ocean lanes which her merchant yes
sells could travel in safety. Conse-
Quently is now re-estah-
lished.
Commerce Looking Up.
The exports from the United States
Tor the week ending September 5
were S12,210,9S9, against s14,SS6,14S
Tor the same week last year; and the
exports for the week ending Septem-
Der 18th were $13,9O5,3 51, against
s15.393,3S6 last year.
The imports for the week ending
September II were s1~6,932,148,
against $16,292,111 for the same
week last yea
Commerce is resuIning its normal
proportions.
The nations at war need wheat,
oats and other food stuffs more than
they do cotton,-and our wheat and
other grain being ready to move the
wheat exports for the last four weeks
AVE averaged about 100000 bushels
a week. We may expect 2 continuous
outflow OF grain, because It is needed
abroad.
Cotton Will Be Needed abroad.
Cotton, too, will SON be needed
abroad; and when it is needed it will
go. There is not now any great OBJ
stacle in h way of transporting it
across the ocean to neutral countries
or to those in alliance with Great
Britain. Great Britain has $4,000
bales for her present supply; and
because her mills are running on half
time that will last longer than usual
But in a month she will need to re
plenish her stock; and within a month
she will begin to import cotton. Other
countries will begin earlier. Spain
and Italy have already aiken some
But the movement abroad will be il
| smaller quantities and slower thar
usual. That may be expected.
Impediments Being Removed.
Up to the present there have beer
two impediments in the cotton trade
which are now being removed. One
is as to the price of future contracts
that seems to be on the point of beins
settled Oh the basis Of $50 for De
cember deliveries; and an arrange
ment of other contracts on that basis
The other is the high price Of foreign
exchange. BY an arrangement. golt
is to be deposited in a branch of tn
Bank of England in Canada, and tn
exchange trouble will be remedied
The cotton crop has been coming L
, market very slowly.
: Texas has a huge crop, that vii
= run over 100000 bales. For tn
! week ending September II. the re
= ceipts at Houston were 29,249 bale
? and for the week ending Septembe
' IS, they were 44,064 bales; for tn
same week last GEAR they were lis,
I 400 bales. The total receipts at in
I terror towns for week ending Septem
Der Is were 96,175 bales, and for tn
Z same week last year they were 1888
, bales. The stocks in these interio
! towns were 1S0,619 bales, compare
! with 1880 last year.. The ship
u ments from these interior towns las
week were 56,515 bales, as compare
with 162,535 last year. The entir
v port receipts since the beginning o
u the season have been 19O,755 bales, 4
e against 957.511 last year. Souther
mills have bought As, 600 as agains
1875 last year. The entire quan
tity coming from the plantations ha
been 312,7S9 bales, compared wit
J 1.21O.439 bales last year. The NOV
nlent is seen to be very SLOW.
Z Farmers Holding Cotton.
g. The IN are holding their cot
ton on the plantations; and but nttI
s is entering the market.
1t The Buy-a-Bale movement is sal
tc be working extensively. And
y the absolute requirements IF til
S. farmers could be provided for, 4 ia
price could be maintained.
Heretofore Europe has taken III
is crop as it came to market IN Septefr
Der. October and November-the co
y ton which the farmers are obliged
n. sell al once in order to pay for pict
y ing and their store
p Take. Care of Early Cotton.
10 Europe will now take only d pa
/ OF this early cotton, and our Amer
y can mills Will buy sparingly in hoI