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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.