“Os course, under the economic law
of supply and demand the inference
is reasonable that we shall have a
better price for cotton than we have
had in previous years, and those plant
ers who are fortunate enough to
have a full crop, or whose skill and
attention can make the best of the
crop which has progressed so far un
der unfavorable conditions, will
doubtless reap a satisfying harvest
of profit from the cotton transactions
of the present year.”
There is every reason to believe
that the crop will be under 12,000,000
bales and a crop of less than that
number of bales is sure to bring from
12 to 14 cents per pound. A Dublin
buyer gave us his opinion the other
day that if the crop be only 11,500,000
bales the price will not be less than
14 cents per pound.
Considerable cotton has been sold
for fall delivery at 10 cents per
pound. This price, would not have
been paid unless there was a reason
able belief that it would be higher
than that price. The buyer must have
some margin on which he operates.
While the cotton stalk has greatly
Improved of late, still it would seem
that a large crop will not be made
this year, and consequently higher
prices will prevail next fall.
COTTON AND IMMIGRATION.
(Augusta Herald.)
In discussing the fact that the South
is still far behind in the manufacture
of cotton goods, the Savannah News
says:
“At present, however, the building
of new mills and the enlarging and
improvement of old ones is prac
tically at a standstill, for the reason
that if these new mills were built
there would be nobody to run them.
The South has no labor for additional
spindles.
