The Archive · 1903

Stocks Cannot Last Long

The answers to my first. question as to low long the present stock of cotton would keep the mills in full'operation, are so varied and indefinite that it is impos-{sible to arrive at an accurate average date, but the best estimate I can compile {from them would indicate the average date as Aucust 20 to 25.

""The answers to question No. 2 show the average number of hours being run weekly as 60. With few exceptions, the mills running full time run 66 hours week-This shows an average curtailment of throughout the South of about 9 per cent or say six hours weekly.

"Answers to question No. 3, as to the leontemplated curtailment of production show that from and after July 1, there (will be a curtailment of about 18 per cent making a total of 297 per cent short time after July 1. This does not include the mills that have already shut down entirely \(ineluding those destroyed and seriously (amazed by the recent cyclone and flood \which causes an entire' and indefinite suspension of all operations). This entire \suspension will amount to 22 per cent, thus making a total average curtailment of about 49 per cent.

"Answers t" question 4, as to the proauction on hand unsold, will say that 95 per cent of the answers show no production on hand unsold, about 5" per cent of which ure sold ahead fo an average date of about Sept. 1" to 15, some being sold up to the end of the year. The small percentage who have any goods on hand have very small stocks.

Text read from the printed page and cleaned; old type leaves the occasional error.

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