Lancaster enterprise. [volume] (Lancaster, S.C.) 1891-1905, October 27, 1897, Page 8, Image 8
ALLIANCE DEPARTMENT. I
J F. NISBET F 'rtor.
We have an Alliance sewing
machine (a sample one) sent us
by the State exchange. We have
it at onl' house ami Will bo glad;
;ho\v it t time, 't is the VI ,
liance High Arm?one of thoj
best in tiie worl'l. flail ami m?o|
it.
Th? e'ie<tion of asking Hon-1
'<">s to establish iNistal Savings
Hanks is being discussed. \Vi1111
the lights before us v.e are op-J
t e<j to if Hut d Relieve
that ' ; nen ' need- another
bunk ..nil we know some men
< .1 ' i i ?\'lO WOli'i: !."> K: 1
I
.i<: i i >i , i o? -:. i;< ?'. * (IL the I
St vera I ;ub-Al't .neos: ? * .equest-j
o?l to ?n?er at l.ancist'-T on rt}
M:>?<' .?* in No- , at 11 m.
I
It. F. MlLLKK. j
'\ ? '? 1 ' '.1..ra '
rOTTOV.
Weill's Fstiiu.i.r <?*' till' (""op.j
'M Matfers <>r Interest.
l>y .'ar 'la- no. I ii..ier?.-st'*q; arid
important problcm of our pres?nt|
eormi.oveiHl situation is the stjui|
of mt'ti'-r \vhi"h i* 'y } bo re-j
aimed !' s year from tlie --ale of
That is usually our most valuable
article of expert, cotton.
Alone among the g?*pnt staples
coiion has not auvauced in price.
Its value, on the contrary, has
declined continuously, tho downward
movement having prevailed
1'or a loiigt r time without reaction
than ever before, and tho price of
the article now resting within
three-quarters of a cent a pound
of the low: t figure recorded.
Lower prices thr. . the present
price have boon known but once
4L . I. 4 - r - . 4i.
in ino History 01 "oiton growing
and this despite the fart that the
outloook for the business of cotton
manufacturing in this country
is excellent, that the stocks of
cotton goods on hand have been
greatly reduced and that what is
known as statistical position of
eottor. is . j etroi.g. The world's
visible supply of cotton, as corn
p.jed last *. v k by the 'Financial
Chroniclew as Tt>"l.<'T*.1 bales less
than '? < panic week in October,
t,0-17 bales lees than
on tl corresponding date in
. ' . . . i
1 and bales let- than (
in 1804. As tbo United States
product .. hi ... th^ cotton n
the world, nl:< 'it six-sevenths of
this (1 di? :oiw y to ho credited I >J
he A ;rn i 'c::t'. T.s.
The (' dine* in the pr; < of cot.
ii It .-> 'j. :ii , .lift-1 piimurily by
1:I1: the r? y> whl h
-.?.i i ... . o.yht (litHug the
eotb lj Ve ' ill N l'.. 1, will ho
ail H1K : f .Ml- > 1 rJ . 1 I if- klio* .!
that the t* ;-voted to cotton
<?row " ' *1 e eonnfrv this year
i - iM,0')r>,00t; acres, an increaro of
l.OilO.t'Od tores over last year.
W 11 i I it t luk tiro-i t Kr?r /mnri i f i aiao l\n i*?i
'? IIM\y IIH ' ? . IV I V/WIIU1 |,l\r||^ 1UI N 1
not boon entirely favorable during
* i . a . i:, they have !, vn
general!;; . Nearly t-hr
j"ourIiifi ??' the crop lia - been pic'.,
i j, tho <j, . t I. v:ng been fa.
ciiitalod oy tliO unusual warmth
and di\> i.et-s of tho fail months,
and thorn is no doubt wliatover
that a very largo amount of cotton
will come upon tho market
beforo the lir?t of September,
ISthS. The estimate of itn quautity
now having tho greatest inlluenoe
upon tho trade in that of
Mr. Ilcnry Noil!, tho head of a
prominent cotton exporting firm
in Liverpool, who lias been re
markably fortunate in his crop
estimates for the last two or three
years. Mr. Neill's house is an
English one having branches in
Liverpool and Loudon, and his
estimates have weight with English
buyers of cotton, lie declares
that this year's cotton crop
win be at the least I0,d00,00ll
bales and may run into something
like 11,500,000 bales. It
any such unprecedented iigures
arc to bo realized, the present
low price of cotton is reasonable.
-"^uOther depressing mi. acne*,
equally as great is the hard times
that have come upon the 'i.prlish
this being due to the plagr ?,
mine and financial trouble- \n Ti
dia and other oountries wl ero the
product of the English 1 *us j
sold. As two-thirds rd the
.Americau cotton is >-nt ': > Eu
rope, tiio eonwitlon ot i
there has a much more in.. rt:? it
bearing on th > price -.f
than does the condition of bu.-ihere.
y i a too oiiiei iiHiid,\v inio it ia i ?*i tain
that the crop will he a large
0110, conservative men in the cotton
trade arc skeptical about itreaching
any vast quantity us Mr.
Noiil predicts. The amount of
cotton that can be raised from i
given quantity of land varies with
the soil. In seme bottom lands
of exceptional fert;htv in Louisiana
and Texas a bale of cotton to
the acre can grown. This is
practica'ly the maximum amount
per acre, the minimum being very
romotefrom thiR. It is established
that tho average growth
throughout tho whole of our cotton
bolt varies between a bale
to two and four-tenths acres and
a bale to three acres of land, the
first named figure being that of a
year when tho weather conditions
woro uniformly favorable. Assuming
that tho average rate of
production this year will bo the
highest on record, a crop would
no gnmerea ni nareiy iu,uuu,wuij
bales. Ellipon.a Liverpool statistician
of groat prestige, who is w
leading authority on tho consump
tion of cotton and tho world'*
cotton stocks estimates tho American
crop this year at 9,410,00f
bales, other oetimatos on this sidi
of the water being ^,000,'KJ?) t<
10,000.000 bales. If tho crop meet;
Mr. Neili's expectations it will
not onl\ t-a the greatest of cotton
crops, but will have boon pro
due* 1 with a far greater averag*
yield to the acre than ha Leer
shown in the past. It must b<
said, also, that the amount of < ot
ton which has ;:no into sight dur
ing the present year thus f r doei
not justify tho propl. c.- of i
yi<MM lrnm ininniin'i *o ijon,
,000 halo?. Si;.co the begini.in;
of the cotton j-enr .'>2 fo*vo
, bales >>f cotton have coi, in;
-ight than lust year in tb"
period, v\h?-n tno whole
( 'to;i readied hut !.>. J? though
It should I; . Idi . *1.
1 th? early movement ij of* *i 1
ceptive, and that th .aov -me*,
of thin 3T 'ar i^ about efjiml * (ha
of 1 Sl>4, when y,h'Mi,(M)i) bales o
'cotton, the record crop, wa
grown. Thors is no doubt tha
the movement 1 a<< been re! trd .
i b} tliu yellow fever (juarantiin
mi New < trleans and many othm
>snlllK?rii I'lti.u I 'ri.u(j j. i' r,r. I.
ably end the yellow fever, however,
within a month from now
and then if the amount of eotfoi
coming forward does notincroam
considerably and remain in
creased, wo believe that then
will bo general discredit to Mr
Noill's obtimato. Sooner or late
tho lucky crop guessorfl at tin
beginning of the harvest, whothe
of cotton, wheat, corn or of anj
> other staple, whatever their coi
, servntism or however good the
means ot forming an opinioi
meet their Waterloo. The "F
nancial Chronicle," our most a<
1 curate and trustworthy commei
cial publication, was in the hah
for many years of estimating th
i cotion crop at, the beginning r
> the season anu had a nuo recur
of Rrcco'?aes it, this regard. I?i
the time came when its annui
I prediction turned out to ho ej
| tremol.v incorrect, and, wry wist
j ly, it st ?pi?ot! vonimitting itself t
Siivh early cstimales.
Whuto . oi be the state of tii
: cotter. anufacturing hut-ines
' ahroad. >r<?ii:nor* ".i taking j
! nrmh ii;p 'ton this year i
tb- * 'id and thy Kngli*
i.-.r.s ... r-';?!:y taking i.vor.
tho exi ot t. up tr> the end 6f In:
' w (1 amounting t > 700,628 bale
'as against 710,400 balsa in tii
: same period in 181H5, of whic
' "V1 7' ' ' 1 V * '*"* T '* , F
| compared with ><(>,(Oil bales i
! the former venr. 1* i?j concede
J amount of American eotto
which tho world will consume i
the eomi n-year is o " 'VHinit b ](.
To i;:.'ft tiii.s c msumption and t
m:?!* up the deficiency in th
world's normal reserve stocks c
; cotton will require, obviously, a
American oiop thin year c?t nr
less 10,000,000 bales. Asm
that the erop roacrtes that fignri
holders of cotton ought to conpic
er whether tho price at whic
cotton is now selling is not prett
low for a situation in which d<
mand and supply will be evoul
balanced, with the hazards ot th
new crop year yet to eticounte
and with the well-known Ihw i
operation of the strong influent
of low prices toward an increase
consumption of so common!
used a staple. Indeed, the que
1 tion may bo raised, most sorioui
Jly, whether the prevailing prit
does not discount a much larg<
( crop than the figure namei
There is now no reason such i
there was in the panic of 18'J
' why growers of cotton should rui
their product to market, selling
s i for whatever it would bring ar
selling so much of it at so low
figure that in the latter part <
1 the cotton your the price increase
' I more than two cents a poun
>.o\? a witli lily largest crop on t
, cord and before the prospects <
i 'another were Known As the su
rending crop noared its harvest
' i WU8 HOOIl to ho i short Oil", ui
another two-. ' at rise ?m:purred.
41 Thoro in much mutter hero fi
-/cotton planter?' thinking?T!
4 Sun.
The Cotton Market.
^ ' Kr-'-i TS< A Constitution
\>ntrni\ ti !. |C a.j 1 \p i
^ lion?contrary, indeed, to ti
: ia\> ..." .-u|?| i.v .?ii ! demand?ti
i jii'ico o, cotton does not tdvaac
In spile Oi I!. a* that jt shou
i> tiling for cents w pound
A '' in! ' :i is selling around
, i i s. u hirh isn-nns *'> iit
cent s on tlie larm
( Not within the past ten youi
as we have taken occasion
* I aliow. has the market position
f I < otton heen so favorable. that
? t > sav. n ?t within tin years h
tjihf loi't^u and domestic stock
1, sight heon l ijii (I ..ii so low. Wi
a this sit nation p? . ailin^ in cott.
' goo N, the price of those gooi
. would go nj) with a rush.
It?it tli" raw material, liowovc
, I scorns to he a different matte
' | it appears to l>o the victim ot
hear conspiracy, in which the i'c
* eigri and domestic spinners a
on one side and the cotton plan
era, and those who hope lor
large measure of prosperity f
r | tho South, are on the other. TJ
9 J spin tiers have a Ire ad 3' hit tl
r | market a serious hlow h>' meai
P J of the figures of Mr. Neill, the
l- Southern agent. lie lias "guessed"
ir that the crop now coining into
nt tho market will amount to ten
j. and a half million bales, and since
that guess or estimate was filed
" in the Liverpool exchange, the
. price has dropped between one
and two cents a pound, resulting
0 in a loss to the farmers of $10 a
^ bale, This loss, in the aggregate.
14 is simply tremendous,
it The spinners are more fortuxl
mitely si to at -d than the farmers,
t. They have an agent hero who
, makes it his business to bear 'lie
()! price by guessing at the probable
1 number of bales, and they can -f
ford to wait until tho price fallto
a point that will give them en
"\ larged prolits. Tlie farmer, on the
L"j other hand, cannot afford to wait
lh until tliedimiuished supply sen<is
' jthe price up. Helms obligatioi
,.to moot ar.d he mils ana in;tjcrop
to market verv earlv in ho
fall.
,e | W ith all the condi!'his Invoicing
better price.-:, wo can onl.v
: hope tiiat cotton may :ic?? n di
| response thereto as will give our
. farmers fair wages for their veer
dl T, , t , > f1 | . ' i?
'1 < II l,r Id il.'U I o r : 11 11?> i -1 1i?i i I'i'iils
n I in the New York market. This
" i would go far toward restoring
' prosperity in the Smth. It would
:o! jrivt* our p ?ople an opportunity
ujto enjoy at least a fair <!i *i r?? .?f
jfltho prosperity that has been proj,
duced in other sections hy 'he
increased prices of total crop.-.
?i It is possible that a sudden
71 move in the market, similar to
,'jthat wiiicii earned wheat np, may
| enable our larmsrs lo roali/.e lair
prices lor our cotton. This at
? least is our expectation, based on
3* the small stock of cotton in sight
y on the 1st of September.
10
jPoMING
I Thursday
3 2IN
1 \ Jr % \ Mill
I li ? iMPM/tp
'J'| !\ / ACiJAS
r,f i I SRij^A).. rtCl
c- ^^MppOPROM
i r I ' *-? ' l ..?
: 1: - -'.r-;wi "?' . ?. v
L?r ; '^^';:ik'/---r--*>: ' '.
le ' . ... ^
opi_r.i'j- >>< // *
I ? ? yf V" S,'i \ \ vj
' r ;- n *. "* ? . \ sj>. \
; y.iihiij'.L'i ::h , xj A ^
V.-OiincL.:-;*; ^ \\ >
! .. :K ' ' / '<\>,. V\'"-y
JLQuIPMLN?% -X
Jl- I 'A ^ V, ,VS '*-> ^yv" >
j ,r n * ?V
:,e! "'> \ V> Ay' ^ ... %
: A \ A?v A K ': .' ?
i r x x " T7 A*. v
Half Mile R ice Track, 1,0( FN
rtt' Clowns, -H 11 iirricaiic iia'-v-..
1 lands, .">() ('iiir?'s, A I)
0j- I)cns, A 1 lord <>l
j8 Daily iv\pons<
?,*. ik*.^ ? s KiiU
r. ^
a Our Street Para
ir
re Sunburst of Splendor, a Triumph
^ with Lavish Luxury of Sppotacu!
Features Conceivable.
i.? EXCURSIONS RUN ON
1,0 N" Gambling o
jr Never Divides,
TnEDRmDKDCOHSIIMPTIO.t ^
i;a w mo oijrjeii.
X. A. NIpciiiii. n. O.. fh?> lirortl
DhPiulkl u;;il NpIciiHnI, Will
N<?n\rt, Free, Thrpc Holt J cm of
llin Xewly DIncov?red lSeuie(iit-n
*?? SuiiVrMt
Editor Entrri'kihk:?I have di3-^
covered a reliable cure for Consutnp- 7
lion and nil Bronchial, Throat and
Lung Diseases, (ioneral Decline, Loss
of ricsh an:! r.!! Cor..!:!ion;" ' Washing
Away. By its timely use thousand:
t;i apparently li-ipele - eases
have been cured. So proof-positive am
I i of its power to cute, that to make its
merits known, I will send, fr to any
atllioted reader of; your paper, 't hree 4
bottles of my Newly Discovered Heme- T
dies upon receipt of Express and PostoMice
address. \ SLOCI'M. M.
I'ine .'.t. New York
V.'li 1 \:t ' t\c lif Ouillul', pI-.-HSe inOtltlOTV
| this paper.
MY MEW
r* J\ ~ip }\* T < ?T ci
. Vv J i A M <J 1 ?Q
j ^>ARE NOW READY,
ami I the prettiest ami
best Organs Made in America
it prices within the roach of
' : who : quality
ndo e..n idoration. l'ho Best
1* the f'Ll KAI'KST, and while
put
I pneos on i very reasonable
basis and so sure as you see
tny 014.. .m, and hear my priecs
so ku;? will you buy one tf
vonrpurpose i < to buy.
T| TT^ T T t~<j "T" -T TO -r?\ *
I .A.N. JLl X\jL Jt. 4 JJU*. JQ> Jti J, .tvV , '
evorv organ is (IITAKANf
KKl > for '? years. All freights
paid with Stool and Inatrntion
book FKKK.
a* r tiTr;Mar*M
Ill Ha itikltrthilUSlf
Yorkvillo, S. C. ^
CAKTOIUilL.
! 3?
3> ^
? TO
3*X*Ji?JJL^8L7 C*n
, Nod. 11th.
icScus
.108 At RE Y&&3
MF-MliSH'M ^ \\ d$'
u- -^-VC
l f J -V| /,H \ \ ^
i -v i
r ft" * :.?r> i
v , . . . GRAND |
^nACHLAftj
V * '*>'; " ' BALLEV, ! >
I r
A VlM ?
VA A* -" *< - 'Of.
V,/6*'5Ar.; j
AS<:, ' ' ' .? 'N |
[)|-f 4 1 *V*
huUf.L ?:1 >{ffv r> rv;, |
P' { fv > ?V 5* ' ? .' ? i&ftit' ? '
f I r~ i? vj.V'!. ' ' < J
L~~r vr;
ii ?.31 *13(1 A Sllwl *">>' !
'.' C '< ' ' '* " -i :* (A * ** f\ ii'
> .' . . i i j '? r i O
y-r
%</, . '.j n v J ? '
/v' vv
itiiM-s, 100 l'i.onoinonal Acts, 25
, i i rains, i ,.">(>i> Employes, tJ
rove ?>i' (Jauiels I (>pen
Elephants, .+ 1,000.00
^s, 1 nclinline tlie
'.vi'v ' " : < ^ U<-/l .
-l,r.'.'VV ; 1
Cl0 ^ o. in. daily is tlio finest
ever put on tho streets. A
i of Art, Money and (iord Taste,
ar K fleet, with Greatest Professional
EVERY LINE OF TRAVEL. A
c Vices Tolcpatcd.
fever Disappoints.
%