. Cotton and cotton manufacture . mills, as opposed to selling M/B, is known as selling onmerit. Mills usually begin to buy in September and fill about 60% of The dissemin-ifwtion ofQuotations New York Cotton Contract nsi their years requirements by January. Those manufacturers who useBuying the high grades usually buy earliest because of the limited crop fromSeason which they must obtain their share. Cotton is ordinarily shipped soonafter purchase and stored not by the merchant but at the mill. Therecent growth of Southern warehouse companies, however, has causedmills to carry less cotton tha
. Cotton and cotton manufacture . mills, as opposed to selling M/B, is known as selling onmerit. Mills usually begin to buy in September and fill about 60% of The dissemin-ifwtion ofQuotations New York Cotton Contract nsi their years requirements by January. Those manufacturers who useBuying the high grades usually buy earliest because of the limited crop fromSeason which they must obtain their share. Cotton is ordinarily shipped soonafter purchase and stored not by the merchant but at the mill. Therecent growth of Southern warehouse companies, however, has causedmills to carry less cotton than formerly. Mills ordinarily pay for theircotton in three days. We have now traced rapidly how the cotton is grown and marketed,and our next concern will be to follow what happens to it during theprocess of making it into goods. Deferring for the moment consider-ation of cotton export from the United States, we shall proceed in PartTwo, to glance at the various aspects of Cotton Manufacture. 14 PART TWO THE MANUFACTURE OF COTTON. The Square Bale. CHAPTER VII History in the U. S. Much has been written on the subject of the textile industry and per-haps even more still remains to be said. It is not the object of thisbrief survey to present a complete picture of all the stages of manu-facture, but rather to place briefly before the reader a necessarilykaleidoscopic view of the various processes. In a pamphlet, Wooland Wool Manufacture, published in June, 1920, by the First NationalBank of Boston,* spinning and weaving were discussed at somewhatgreater length than will be possible in these pages, where we shall con-cern ourselves more with those features of cotton manufacture whichare unlike its sister industry. Although the first cotton mill in the United States was founded inRhode Island by Samuel Slater in 1790, Whitneys invention of thecotton gin in 1793 marked the real beginning of the cotton growing andmanufacturing industries in this country, because it solved the hithertove
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