the lateness of the crop, which is vatioutl With the great scarcity of cotton and
estimated at from two to three weeks, cotton is placed in the strongest. statistical position since the year of 1872, when it S'ld for 27 cents per pound, and it is reasonably certain that extton must remain igh at least until about November, and possibly much longer. Nearly all the mills answering insist that they will demand fall values for goods in the future, "Too much importance cannot be placed on the recommendations of the American Cotton Spinners' Association, at. their recent annual convention, that the produetion be curtailed materially. Tt is the best and only certain remedy for the present unprofitable situation, and ifearried out in goo faith will redound to the interest of all the mil's'
It is further estimated that fully 600,000 persons will be thrown out of employment that, counting an average of 340 to the spindle, $90,000,000 of capital will be temporarily idle.
Text read from the printed page and cleaned; old type leaves the occasional error.