Show competitor COM UT IN COTTON in 1871 the Shan shanghai that price of 0 tu aj IM 13 1 3 pounds ot of the best bert C hirers chinese onion was about 13 12 halkman facts aads today 13 12 halkman la Is still given fla 02 about the average purchase price of oc G i of 0 the best beat chinese cotton in shanghai anil and during all tho the tin intermediate terme years tile ilia average price ot of chi noe neso cotton has been about 12 halkman but the hallstan Hall Halk swan walt bel Is 1 based on silver la in it was waa worth in told cold on october last but SO 80 cents while I 1 on tho the first 0 of the year it was worth but 74 9 cents cent I 1 for twelve feels the r could have bought a j ft it chinese cotton in aki or 1875 lor for 12 lial kwan facts he can still buy a I 1 lut r collor but in 1874 1974 he ha had to pay 4 tor for this me fact 11 ll in gold while taicia toady Y he pays but SO 90 cents so RO that this lite on cot t y i ton that would have cost ram mm WS in I 1 or 1876 5 would cot cost him today only 1 ta the silver price of cotton in hns has remained unchanged for lt 1110 pat past twenty alive years but the price to the buyer purchasing with eold cold has ha varied with the fluctuations in bilker in 1871 75 the Hal kwark tax taxi I cot cost I 1 in eold cold which made the cost of cotton 0 unit in 1 Shan Khal ai at 12 haak wan fuels per cents per pound in the emit cart of the tal ta l in gold had fallen to 1238 1239 wh which jolt tit the e kold gold price of cotton costing 13 per pleat proportionately or to 1113 cents per pound fount 14 tac follow ing lim orvbl lahl hown the hold gold IT i 1 I 1 I 1 11 I 1 I 1 periods period ii since the demon n of sll ell it ver vcr and what cotton would rould T have ha vc cost in gold cold per pound at the he t identical idem leal pe aimis the price of cotton cott on being belli g taken at 13 12 halkman aaela per pe r bleul 1 I 1 equals 13 1 3 pounds 1 rl J V 0 0 dj d ae 0 w a 0 J X g 00 3 W 0 TEAR TEAK 1 I B 4 0 ap ri r J I 1 0 F i pr A I 1 pl n 1 s g F rt E I 1 14 4 c 31 iassc 12 january I 1 I 1 M 19 3 C january I 1 I 1 1 35 32 xa january 1 20 january 1 3 9 ile january J 1 ISM january 1 1 april 1 MG r so july 1 W 7 ac october 1 ba 63 7 tic ac this thin clearly shows h how ow the fluctuations a in silver affect the price of cotton it la Is true chinese cotton does not come to art an extent in direct competition with american america a cotton and that chinese cotton bel being n g of 0 AL a poor grade because ot of unscientific cultivation american cotton tins has the preference in tho the european markets but none the less a fall la in the purchase price ot of chinese cotton in gold cold must result in a fall in american cotton because the poorer grade of chinese cotton will be purchased and used in place ot of our cotton in tho the manufacture of low grade goods it if the price tor for our better cotton Is held at a price above the chinese cotton more sufficient to compensate tor for the difference in quality in view of tho the great advantage which the fall all in the kold gold price of silver has given the cultivators of cotton in china it Is not surprising that the exports ot of cotton from shanghai should have risen from pounds in ill to intents pounds in 1994 of which japan took it in 1886 and in 1891 which cotton Js Is being manufactured into goods that are replacing the prints formerly made in england and america with american cotton for the chinese and japanese trade and thus curtailing the demand tor for american cotton speaking ot of this exportation of cotton mr T 31 united states consul general at shanghai remarks in his consular report it may be noted that the large increase in exeor did not increase the price of cotton and this may confirm the opinion among business men here that the chinese are am pel Per pared to extend the arem area or of cotton in proportion as the demand arises almonr alon the valley the soil boll available for cotton cultivation appears as limitless as the supply lyof ot labor in china appears inexhaustible this Is the new competition we ve are am raisins ra ising up by blindly adhering to the gold standard resulting in the depreciation of the gold price of 0 silver nor can we safety safely assume that this competition will be restricted to tha ali lower grades of cotton the poor grade of cotton now raised Is the result merely of a poor system of cultivation on this point mr jernigan says cotton la Is not cultivated in china as in the united states the preparations of the soil and tho the planting and cultivation art are different tile the ridges are wide like the ridges of an american wheat beld field and the seed need sown gown a as a the american farmer sows bows wheat consequently consee uc antly the plants planta are very thick and the chinese cotton farmer cultivates every plant to the full maturity possible the necessity for sufficient clent space tor for the plant to grow and branch Is not admitted and when matured the stalk Is small and the limbs comparatively few this thickness 0 of growth necessarily results in small bolls and it a short staple when the chinese are taught the advantage of proper properly ly spacing their cotton rows anil and t thinning binning the cotton plant so that the warm air and the rays of the sun carl can freely penetrate the change from the present system of cultivation win will b be rewarded by an increased sledd per L acre an abid it a much alnor staple there Is little ot of corm comfort fort to the american cotton ralser raiser in this and the competition that Is growing up in cotton Is but an In stanco ot of what la Is occurring in other industries Indus s the yellow man fall and the white dollar are am more than it a match tor for the white man and tile the yellow dollar philadelphia american |