The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1893-02-18

could it be otherwise: Since 1921. for
five out of seven decades, together with
the constant increase Of our cotton crop
prices have steadily dccreased; the ex-
'rtptipns were the decade from 1851 to
to 1850 when California and Australia
poured out their strra!., Of oOlI and
raised . tiooatiec Of prosperity the
world over. Then cotton. ubeyiny the
upward tendency. rose in common with
other things.
The other was the war decade. when
OHr prod uctiOn was cut of over half.
and prices rose as high as $50 per.
pound. In 1870 the average price of
cotton for the decade then was IS cents
per pound: for the ensuing twenty
years the prices averaged y: cents.
This collapse can be attributed to but
one cause: it is this: In 1871 we had
5000. 900 acres in cotton which pro-
duccd on an average 2O9 pounds of lint
per acre. worth S35. ~; steadily year by
year We increased our acreage. until in
1890 we planted $4,000, 900 acres. YIELD
ing an average Of l74t pounds Of lint
per acre, worth sl91l.
COLD FACTS.
Here is more than double work done,
the cost OF wages and material remain
ing the same. and the value OF the
gross product 1861 less per acre. For
the last thirty years our crops have
sold for s3O5, ,OOO.O The 2,269, 600
pales Of the crop of 1866 sold for s412,-
244OOO The 1913. 600 bales of the crop
OF 1889 brought US S3733. 16l 900 less, and
the cost of production about the same.
1t is evident that the world has about
S4M3 3Ct,0 coo to spend annually with US
for the material for their clothing.
If we send out 100000 bale crop
they will pay about the same for it. and
they will compete among themselves
for our products.
, II We send out an s,OOO,uUO bale crop
they pay the same sum and leave Us to
compete among ourselves for the cash.
Tho averag" price of the eight cotton
ginning States to produce pound OF
lint cotton Isl. cents at II" ginhouSn
to transport and sell it at the nearest
'Nu;,ict town 0'Co. the difference b"-
tween the pl,'e there and the New
York quotation will not average less
than 0'C3; 81 cents New York price, is
the cost Of producing pound Of lint
cotton.
If the New York quotation today was
) cents, there would be a clear loss Of
$3. 10 per bale on the actual cost of pro-
,luction or $oG $50 600 on a 7.WWoo0
! ?a!" crop. with no interest counted "a
charge, for advances generally made
20 formers. Assuming the whclc crop
grades A. strict middling and sells al .
cents, there will be a profit Of sl.225 per
bair. at 10 cents OF &6 25 and SO on.
1t will be remembered by all that
OH Y Il few years ago COTE" was being
soda at eight pounds for the dollar.
Now you will do well to Get four pounds
for the Same money. We are advised
hv "",' WI N%,l"'a study CT This -f.1-
! irr, al in Il cuMUitiOn - know that
prr1"e1 }y Overproduction. 50 great
W. IL" crop that the lnal'Hct VS. : Ut
'"& as, H." purchase price u!I l"i iA
for The cultivation and handling: a- a
| rr.2H many hrc;.nl1 So poo" that they
were forced 10 -iy~ 1t ui'. Ai.u many
"U.t cr ;;rr0:nt Of urnNu.,N .N-
money: th"rr&rcn the production OF
cote" frl! .%l.|cnly of ard the pur-
".."~. '.;'..cr Go%hlctt in at ;!.r u.h.E
,1.t", -.irr.
l>~r.r:ftt..,,.y ps'sc,.t - ;o"a-oin-
Gata % thr f:I"ln"rs Of A'H"am" f'r
'h,'ir r;rytul rNn,iue:;t;i u. hoping
that they may be impressed with ~"
| Importance OF the question OF restrict
in,r the proluc.ion OF cotton W.t'l0 TIL.
limit Of its consumption. Erin- coz.
| I,-t, ,,,.,1 ,,,,..,,.lF that >,I@