Rensselaer Semi-Weekly Republican, Volume 36, Number 52, Rensselaer, Jasper County, 19 February 1904 — Page 3 Advertisements Column 2 [ADVERTISEMENT]

Cotton Prices. The price of cotton reached 18 cents a pound the other day in New Orleans, which is the highest paid for the staple since 1875—29 years. The advance that day was 80 points, or $4 a bale. In 10 days it jumped 250 points, or an increase of $12.50 a bale. The first week in October the advance started in. In the first decade after the Civil War the South produced yearly 2,500,000 500ponnd bales of cotton at 24 cents a pound, which yielded $300,000,000. In the second decade there was a yearly production of 5,000,000 bales at 12 cents, which yielded, also, $300,000,000. In the third decade there were each year 10,000,000 bales at 6 cents, which yielded also $300,000,000. But the fourth decado after the Civil War the tide has turned. The average yearly yield becomes 10,000,000 bales at 12 cents a pound, or a total of $600,000,000.