Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS. SATURDAY, MAY 4, 1907.
! THE WEEK IN THE COTTON MARKET
By :
Joseph B. Lively :
beaching for first place
IN WORLD'S COMMERCE.
Willie the United States Is the rich
est country In the world, being more
than twice as great In this direction
os any other two nations combined,
still It does not take a similar rank
In the commerce of the world. There
are two other nations that outstrip
thla country In'their contribution to
the volume of business that Is classi
fied under the head of commerce, and
these are In the order named: England
and Germany.
A French writer has collected these
statistics and has made comparisons
extending over a period of twenty
years, and gives his figures In francs,
five of which make a dollar In our
currency. He makes the commerce of
the world In 1886 to be 68,900,000,000
francs. In that year the division was
stated to be as follows: France,
7.457.000. 000; England, 13,920,000.000;
Germany, 7,240,000,000; United States,
6.074.000. 000; Belgium, 2.517,000,000;
Italy, 2,486,000,000; Switzerland, 1,405,-
000,000; Russia, 3,660,000,000; Canada,
919.000. 000; Japan, 461,000,000. At that
time It will be seen that France stood
second In commerce among the na
tions while England was flrat, Ger
many third and the United States
fourth.
Coming down to 1906, this same
writer found that the world's com
merce had Increased to 124,000,000,000
francs, an Increase of 55,000,000,000
francs, or 78 per cent. In this year
England had 19,105,000,000: GernThny,
15.105.000. 000; United States, 13,358,-
000,000; France. 9,645,000,000; Bel
gium, 5,402,000,000; Italy .3,785,000,000;
Switzerland, 2.383;0(l0,000: Canada,
2.249.000. 000, and Japan, 2,079,000,000.
It will be seen from Oiese figures
that France loses sedond rank held
In 1886 and drops to fourth place in
1905, Germany and the United States
both going ahead of her. England In
creased 5,000,000,000 francs while the
United States more than doubled its
former volume, having 6,300,000,000 In
crease. Germany leads Its two closest
rivals In amount of Increase, having
7.900.000. 000 francs to her credit. Bel
gium nearly doubled-and Canada more
than doubled her business, but in
actual percentage of Increase Japan
outstripped all competitors.
A contemporary predicts that, ''when
the record for the present year shall
have been made up, the position of tho
United States will be much more strik
ing than even the above. In Anferl-
can money, our trade in 1886 was
31.302.000. 000 and In 1905, $2,636,000,-
000. But for 1900 the total will show
about $2,790,000,000. In francs the
record of the United States In 1906 may
crowd closely up to 15,000,000,000. Un
less England has quite maintained, her
activity as shown in 1905, we will
crowd closely up for first place. Un
less Germany has maintained her activ
ity to the full we are likely to surpass
the empire's record.”
These are marvelous figures, but as
no other nation Is Increasing so rapidly
in wealth we have every reason to feel
that the United States will soon stand
at the head of the nations of the earth
in the volume of its commerce.
UNITED STATES LOMBER
SUPPLY IS GROWING SHORT.
Circular Letter From Agricultural De
partment.
Every person In the United States Is
using over six times as much wood as
he would use if he were In Europe.
The country as a whole consumes every
year between three and four times
more wood than oil 'of the forests of
the United States grow In the mean
time. The average acre of forest lays
up a store of only ten cubic feet an
nually, whereas It ought to be laying
up at least thirty cubic feet In order
to furnish the products taken out of
It Since 1880 more than 700,000,000,-
000 feet of timber have beenveut for
lumber nlone. Including 80,000,000,000
feet of coniferous timber in excess of
the total coniferous stumpage estimate
of the census of 1880.
These are some of the remarkable
statements made In Circular 97, of the
Forest ServiCF which deals with the
timber supply of the United States and
reviews the stumpage estimates made
by all the important authorities. A
study of the circular must lead di
rectly to the conclusion that the rate
at which forest products in the United
States have been and are being con
sumed Is far too lavish, and that only
one result can follow unless steps are
promptly taken to prevent waste In use
and to Increase the growth rate of
every acre of forest In the United
States. This result Is a timber fam
ine. This country is today In the
same position with regard to forest re
sources ns was Germany 150 years ago.
During this period of 160 years such
German states as Saxony and Prussia,
particularly the latter, have applied
a policy of government control and
regulation which has Immensely in
creased the productivity of their for
ests. The same policy, the circular
argues, will achieve even better re
sults In the United States, because we
have the advantage of all the lessons
which Europe has learned and paid
for In the course of a century of the
ory and practice. .
Lest it might be assumed that the
rapid and gaining depletion of Ameri
can forests resources is sufficiently
accounted for by the Increase of popu-
C07 7ON MARKER RE VIE WED
Inducement was offered speculator* the past week In cotton future*, nrul
they were quick to see advantage on the long aide for a turn at least As a
result prices were well held at slight advance* on Saturday, * April 27, a alight
Improvement Indntr noted, with the bull clique predicting a sensational rise
In the near future, the May and July positions oelng tipped at much better prices.
On Mouday prices were again worked upward by tho New York bulls, but the ml-
yance was only slight at the close. The undertone, however, wss strong, and
were confident of their position, the Influence being the steadily
diminishing receipts at both the ports and Interior towns, while there was no
let-up In the demand from spinners at constantly advancing prices for the actual
stuff. It Is now a certainty that there will be n scarcity of splnnnble cottoif
before the new crop begins to move. A condition' making for decided nervous
ness In the bear camp, who, inefforts to cover, forced prices up, slowly at first,
for the market wss still mostly professional, but at a more rapid pace us tho
public, on the growing strength of the sttatisticnl position began buying. Uver-
pool In the meantime was sending very encouraging advices, and the willing
ness of that market to follow the advance In the American markets was the
. main strengthening influence until Tuesday, when damage to the growing crop,
was confirmed by the government In Its weekly weather and crop report. Pri
vate crop reports-were Issued during the week, all agreeing that the early start
had been lost, and In some sections much replanting wouhl bo necessary. The
new crop positions started an upward swing on the unfavorable cron reports. In
New York nil ixwltlons sold well above 10c on Tuesday, while in New Orleans
May, June, July and August crossed the 11c innrk.
On Wednesday, the highest prices for the week were reached early In the
day, but at the advance profit-taking sales resulted In a loss of xi greater por
tion of tho advance In the summer positions, while the sew crop positions
closed four to seven points lower. The decline In these positions was attributed,
to more favorable weather In the belt, though there were still pessimistic reports
being received, some sections reporting seed for replanting difficulty to obtain.
Thursday’s market was strong at start < and sharp advances were
scored In all markets for futures, but as on Thursday, the advance
brought oat realising- sales and In the afternoon purt of the gains
were lost and at the close the t6ne wss barely steady. Prices, however, were
nine to twelve points al>ove Wednesday’s close for the near mouths, while the
late months showed gains of from five to seven points.
The market on Friday opened feverish and excited, with an active trade.
July touching the highest point of the advance at 10.40 during the sarly part of
the sessloii. Isutor u decline set In u considerable portion of the advance was
lost The undertone, however, was strong, with the bull still confident that prim*
would sell higher, Mr. Price being quoted as saying be was going to put July
to 16 cents.
JC 1 i!L amonnt of cotton brought Into sight for the jreason so far aggregates
12,660.363, against I0.0tt.100 last year and ll,«H,«4l In 1906.
The following tables give the high and low for the week and the close on
Friday, May 3, compared with Friday, April 26:
NEW YORK.
May
December ... 10,6019.09 1&37-38 10.20-21
Jannnry i0.6}|i0.24[lO.I356|ia3627
NEW ORLEAN8.
May 7~
July
October ...
December
January ...
u<
bwtT
■■■ 10.M-87
10.67-6810.46-46
are in n position to set otr firework* In the May and July options. It Is predlcte«l
that a pyrotechnic display will take place In the near future. Stocks of cotton In
first hands are very small at present, consequently the farmer would reap little
benefit from a sensational advance In prices for the old crop. He, however, would
probably endeavor to make op for Ids loss by planting an Increased acreage to cot
ton for the next cron, which, under favorable weather conditions, wonld produce a
yield of such magnitude that would Itecome burdensome and bring a price consid
erably below the average for the past three yearn
It Is impossible, however, for the farmers in the cotton belt. even by concerted
action, to raise a stated number of bales on a given acreage. Tin* yield will either
lie more or less. A small crop next season would lie a greater calamity than another
bumper yield. The farmers are better organised than ever before nnd under their
system of warehouses overproduction is a thing of the past, for the reason that It
will hereafter Ik* possible to market the crop gradually aud at prices satisfactory
to the producer.
It Is too early to make a statement ns to the acreage tp be planted for the next
cron.. The cold weather has reduced the acreage so far planted, and It Is more than
probable that lnsteud of replanting the cotton killed a large portion of the lauilvwlll
be sown to other crops.
Weather conditions will govern the prices of the new* crop mouths.
latlon, It Is pointed put In the clrcularthousnnd acres of virgin soil. Crest cattle
• • ranches hare disappeared In this way as
that the Increase In population since
1880 Is barely more than half the in
crease In lumber cut In the same
period. Two arons supplying timber
have already reached and passed their
maximum production—the Northeast
ern states in 1870 and the Lake states
In 1890. Today the Southern states,
which cut yellow pine amounting to
one-third the total annual lumber cut
of the country, are undoubtedly nqnr
the maximum. The Pacific states will
soon take the ascendency. The state
of Washington within a few years has
come to the front and now ranks first
of all individual states in volume of
cut.
At present but one-fifth of the total
forest area of the United States is em
braced In national forests. The re
maining four-fifths have already
passed or are most likely to pass Into
private hands. The average age of the
A special to the New York Sun from Qua*
nab. Tex., dated April 12, In the
rapid transformation of the Panhandle and
raocli of tho southwestern part of the stats
from a grating to an sgriealtural country
the steam plow has played an Important
uSrt. Through tho operation of gang plows
wonderful changes are brought alwut In one
"SR* encroachment of tho man with the
hoe has not been gradual. He Is enabled by
means of this modern way of farming to
take the ranch region by storm.
•There are a number of counties wesi
and south of here where s furrow bad never
been plowed until a few weeks ago, when
stesni gang plows Invaded them and turned
up to the sun aud the raJii several huqdred
though by nuiglc.
••Instead of this part of Texas belug a
region of great ranches It promises to Ik*-
come a region of great farms. It Is uot an
uncommon thing for 3,000 acres to Ik* em
braced In one cultivated field. In most In
stances the fields are one section, 640 ncres
in slse.
•The fa ml for the most part Is level or
gently rolling, so that the ojieratinn of tho
•The plows ore of different sites. In most
cases they are of three gangs of four disks
etch. A plow of this slxe makes twelve
On some of the large farms ns many as
five of these plows wore In operation at
one time last month, fiprlug plowing Is
It was not until three or four years ngo
that an attempt was made to grow cotton
In tin* western part of the state. It had
always been thought that the climate an«l
soil were not adapted to tlint product.
tree, felled for lumber till, year iv
not le,a than 160 year,. In other ji¥j ___
words, if he is to secure a second crop turning up Hie soil. It may lie stated here
of trees of the same size, the lum- that the cotton screnao lu_ western Tcxse
liefman or private forest owner must ~
wait, say, at least one hundred years,
for the second crop to grow. As a
rule, such long-time Investments as
this waiting wouhl Involve do not com
mend themselves to business men who
are accustomed to quick returns. But
the state and the nation can look mtfeh
farther ahead. The larger, then, the
area' of national and state control over
woodlands. It Is contended, the greater
Is the likelihood that the forests of the
country will be kept permanently pro
ductive.
8TEAM PLOW WORKING
WONDERS IN TEXAS.
rlnal crop of the faroiera along the line at
the Texas anil Fsciflc rallroau Is-twren El
Ihtmi sad Fort Worth mid along the Fort
Worth nnd Denver railroad I e-tween gitauib
and Fort Worth.
"Mm! that live years ngo wss considered
worthless for anything except cattle grss-
Ing produced last year wore than n lade of
cotton to the acre. I'p to thin time the lioll
weevil and other cotton peats which men-,
see the crop in the older cotton-growing re
gions of the state have not put In an up-
pears nr. In western TV tea
-Koine of the ranchmen In the ronntlrs
lielow here are converting their postures
into big cotton farms. The steam plmvs
are a® Important (actor in this work of
development."
FARMERS IN NEBRASKA
WORKING FOR DOLLAR WHEAT
A special to the Chicago Chronicle,
dated Omaha, April 28, says:
“Fanners In Nebraska who have
thousands of acres of land In wheat
havo entered Into an agreement not to
sell tlieir crop until wheat sells for 81
in Chicago.
'The arrangement was entered Into
by tho farmers at Hastings a few days
ago following an address delivered there
by J. A. Everett, of Indianapolis, ono
of the officers of the American Society
of Equity, which Is conducting a vigor
ous akmpalgn for the advancement at
wheat to the $1 mark. Farmers through
out Nebraska arc being solicited to
pledge themselves to hold their wheat
till the price reaches the 81 mark in
Chicago and farmers In other western
states are also being solicited to do so.
“Unless something unforeseen devel
ops to'damage the crop, Nebraska will
raise a big wheat crop thla year. The
plant louse found in wheat fields In n
number of counties In the southern
part of the state, which at first was
pronounced to be the aphis or green
bug, which has destroyed the wheat
crop of Texas and done great dnmage
to that of Kansas and Oklahoma, Is
found not to be the aphis. Professor
Bruner of the department of entomolo
gy of the University of Nebraska says
It is not of the aphis species, hut he is
not prepared to say what dnmage It
may work. If It does no damage and
there Is sufficient moisture the yield of
wheat in Nebraska will be a very large
one."
IN FLORIDA, TOBACCO •
RAISING IS PROFITABLE.
In 1894, a quarter of an acre was
cultivated, os on experiment in tobac
co raising, near Quincy, In Gadsden
county, Florida. This was simply as
on experiment In the cultivation of
Sumatra tobacco, which In the native
island only produced about 25 pert
cent of wrappers. The Quincy ex
periment was made by placing slats
eight feet above the plants on frame
work, and about three inches apart,
being three Inches wide.
This experiment gave such splendid
results that this year over 4,000 acres
ore under cultivation in that county
with this plan, and it is claimed that
this will yield the farmers this year
over 83,000,000, while It will be worth
to manufacturers over 810.000,000.
The yield Is 60 per cent of wrap
pers, and the crop Is worth from 8500 to
$750 per ncre. An enthusiastic cor
respondent writing The Tradesman
from that locality In reference to this
crop as thus produced, says: "It beats
the Klondyke.”
The native product Is outdone on the
soil of Florida, while tho Southern
portion of all the Gulf states Is equally
as well adapted to this crop as Is the
section where such marvelous results
have been accomplished.
Nrfw, who can say what agricultural
education and agricultural Immigrants
will do for the South? Fortunes are
being made In vegetables that were
formerly relegoted to very small
"patches." as a farm product In the
South. So It seems to us that there
should he but one sentiment through
out this section on these vital matters
and this for the speediest and fullest
application of these Ideas In the Inter
est of the South.—Tradesman, Chatta-
ATLANTA SCHOOL OF
TELEGRAPHY.
Undor the Direction of tho Long-K»tnl>l1«liod
SOUTHERn SHDRTHRflfl
m/tff
1,200 positions yearly; 701 typewriting ma
chines; 8 teachers; established_43rearm, cat
alog free. Address UltlMCOL, President,
Atlanta, Os. I
MORPHINE—OPIUM
and all narcotic habits cured at your
home Painlessly and Permanently (for
$10.00) by an entirely new method.
“No Cure—No Pay.” Write today for
details. De. G. PATTERSON, 82 Cen
tral Place, Atlanta, Georgia.
>41
Bragg & Ryon
OSTEOPATHISTS
E. ETBragg
PHYSICIAN AND BURGEON
Offices: 324-325 Century Bldg,
Bell Phone 3901
rticftsimc frrifnaifW
Wbltllf. Oplam. Mm.
pilar, Carilar. Cilirlf,
fsOscre aad SrmilR.
■la m Karra fifuad/ee,
The Only Keeley lo$tt>|
lute in Georgia.
229 Wooiward Am, ATLANTA, GA.