New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-25
SOUTH THRIVING
AS COTTON MOVES
Improved Business Re
ported at All Points
Since November |.

Atlanta, Jan. "a. Notable improve
mcut in business conditions in the
South in the last few weeks is indicated
= i'm reports from merchants, cotton fac
tors and bankers from ali over that
section. The last month IN particular.
business men assert. has developed the
recuperative power Of the cotton states.
Cotton selling few months ago for
a little more than six cents pound
now is finding q compar lively ready
market 81 above eight cents.
Since the government report of No
I vembcr / the increase Of two cents ?
pound in the selling price of cotton,
/ with the corresponding advance in the
price Of cottonseed. according to esti-
mates Of experts. has resulted in net
/ increase Of approximately Sl2O.OOO.OCU
i'm the cash value Of cotton. The effect
+ 10 is stated, has been felt in every line
/ Of business in the South.
/ Conservative observers say that never
/ has there been such holding move
mcnt in the South as that noted since
the opening Of tho present season. a.
the outbreak Of the European war fall
deliveries of cotton ranged from u "a
IL cents a pound. which. with a cror
estimated al more than 100000 bales
forecast q season OF remarkable activ-
itv. With the European markets SUD
denly closed and the exchanges sus-
pended the price abruptly decrease
about one-haf.
When the mills approached the mar
ket for their fall supply, they found
il closed. Farmers refused 70 sell anc
Southern business, which depends
, largely on moving Of the cotton crop
marked time, awaiting readJustment
About December ] improveme began
owing TO resumption of foreign snip
ments and adjustment and reopenng
Of exchanges. To-day the movement
oil cotton from farm TO market ls
steadily progressing. and as a result
according to reliable reports, the
farmers are paying their debts y Oh,
merchants. the merchants are meeting
their obligations 10 the small banks
and they, in turn, are settling witt
the larger banks.
In a statistical statement. II. G.. Hes
ter. secretary Of the New Orleans Cot
ton Exchange, mentions that on No
vember I last the '~eral Department
OF Agriculture figured the average
price OF cotton 20 producers ~ about
S3l 90 a bale, while to-day It IS about
o more.
Mr.. Hester's figures show that from
November ]. 1914. 90 January -. 1915
6.S0l 900 bales were marketed, as COM
pared 20 5.59S GOO bales brought into
sight during the same period last sea
son. Thus. since the exchanges have
opened the South mas marketed al ad'
vancing value almost 100000 bales
exceeding last years movement for the
same period by 200 900 bales.
"Thc world's visible supply Of Amer
lean cotton January - last was 5,2ll-
COO bales says Nj Hester THE 1911
crop generally is estimated a. 1920.
O0O bales, OF which 100000 nave beer
marketed. leaving 6.130,000 20 be mar
keted. The visible supply and that re
naming TO be marketed totals 1924.
600 bales. On a basis Of SO a bale sd
vance the increase IN value since Ne
vember has been sll9.470,000, snC
practically all OF this increase belong
TO the South. Thus the South is bet
ter off to-day By approximately Sl20.
600 000 than she was on November
last