The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1895-10-05
MIR, LANES ADVICE.
He Tells the Planters to IfOlG
Their Cotton.
They Should Receive Ten and One
Half Gents a Pound.
He Informs Them That 1t Is Their Turn to-
Make Money This Year

Mr.. Hector D. Lane, president Of the
American Cotton Growers Protective
Association. issued circular on last
Saturday, september 28, to the Asso-
citation. advising them that they are
masters of the situation, and begging
them to hold their cotton until they
get ten and one half cents a pound
The circular is as follows:
NEW ORLEANS, Sept. %, 1895.
"To the American Cotton Growers Protect
i've Association:
"Twenty days ago. in'advance Of the
bureau report, | issued circular
stating the crop conditions and warn
ing you against hasty disposition or
marketing of your cotton. The cotton
buyers and bear SPECTATORS ridiculed
that circular. but when it was more
than confirmed by the government
bureau they began to have some res.
pect for my investigations.
''Since that time the crop has deteri
Grated to such an extent as to amount
to disaster. No such weather has
ever before been seen in the cotton
districts. The worms have continued
to do great damage, and even from
districts like the Tallahatchie river in
Mississippi, where the crop was said to
be good, comes reliable information OF
a ~ per cent deficiency.
The best authorities put the Texas
output at 1,75O, 600 bales, or less. The
cotton plant is Low practically dead
throughout the South. and frost to-
night would do but little il any dam
age. In my opinion this crop cannot
exceed 6, 500, 600 bales maximum.
Even Mr.. Neill has been compelled
to reduce his estimate to maximum Of
1000. 900 or 7,25O.O0O bales, with posi-
blities of much less. What he term
ed possibility when his circular was
issued is now an eeta blished fact; and
it is difficult to see how Mr.. Neill as
statstician can fail to recognize this
fact when he issues his next circular.
THE situation as to the price Of cot
ton is plain. The European manufac-
turers. relying upon mistaken informa~
tion given them about the size of this
crop, and not realizing ia time that the
world is on trade boom, have sold
man nufactured goods ahead until July
of next year. 10 make these goods
they must have your cotton or ruin
themselves by violating their con-
tracts. They. as well as the American
spinners, are caught in trap. This
crop is too small for all of them to get
their full shares. America, Mexico,
Canada and Japan will consume min
imum of 100000 bales. This will
leave $500. 900 bales to be distributed
between Great Britain and the conli-
nent. against 10000 bales last year.
This will wipe out the visible supply
and create panic among cotton buy
ers. The price of cotton has come to
stay, and to 60 very much higher.
Last year the manufacturers reaped
a golden harvest by buying tive.cent
cotton 1t is now your turn. They
know that the crop is all open and
can be marketed before Dec. !. They
expected you to bite at the bait held
out by the present so called great
rise and rush your cotton forward and
press it for sale. They will then stay
out OF the market hoping that the
weight of the cotton offered would de.
press the price. implore you not to
do this. Sell. as they Try to buy, from
hand to mouth. And before January
you will have the American, English
and continental cotton buyers outbid-
ding each other for every bale OF cot
ton you have to sell.
DO not be deceived by the advice
of New York bear' circulars disguised
under bulls hide. Under present
crop and trade conditions your cotton
is worth ten and one-half cents. Do
not sacrifice it because last year it
sold at five cents, and now is selling
for eight and one-half cents.
Your Obedient servant,
HECTOR D. LANE.
"President of American Cotton Grow
.rs' Protective Association,