St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1895-10-05
They SHOULD RECEIVE Ten AND
OxE-HALr CkxTs q PouNp- He
ISF0NRs THEN THAT IT Is THEM
TrRS To MAKE NONEY TINS YEAR.

Mr.. Hector ID. Lane. president
Of the American Cotton Growers
Protective Association, Ia, issued
. circular to the Association, advis-
ing them that they are masters OF the
situation. aud begging them to hold
their cotton unit! they get ten and
one-l,alf cents pound. The csrSl.
lar is as follows:
New Orleans, Sept. -. 1888.
ITO the American Cotton Growers
Protective Association:
Twenty days ago. in advance Of
the bureau report. ! issued \ circu.
lar stating the crop conditions and
warning you against a hasty dispo.
sition or marketing Of your cotton
The cotton buyers and shear
SPECTATORS ridiculrd that circular
when it was more than confirmed
By the government bureau they be.
gan to have some respect tor NY in'
vestigations. ''Since that time the
crop has deterOristed TO such an ex'
tent rs to amount q disaster Nc
such weather has ever before beer
seen IN the cotton districts. The
worms have continued to do great
damage. aud, even from districts
like the Tallahatchie river in Miss.
issippi, where the crop was said to
be good, comes reliable information
OF > 10 percent deficiency.
''l'he best authorities put tue
Texas output at 100000 bales,
or less. The cotton plant is now
practically ripe through the South,
and frost tonight would 10 but
little il any damage In my opinion
this crop rannot exceed 6,5OO,OOO
bales maXimGN.
..Even Mr.. Neill ls now compelled
to reduce his estimate to maxi
mum Ut 100000 or 7,25O,"OO
bales, with possibilities Of much less.
VIA, he termed y .passihility' when
his circular was issued is nov an
established fact: aud it is difficult
to see how Mr.. Neill as statistlcian
can fail to recognize this fact when
he issues lls next circular.
1.-The situation as to the price Of
cotton is plain. The European manu-
iactHreFs, EelyiBg upon mistaken
information given them about the
size Of tins crop. and not realizing
in time that the world is on trade
boom, have sold Manufactured goods
ahead until July OF next year. 10
make these goods they must have
your cotton OF ruin themselves by
violating their contracts. They, as
we'll as the American spinners, are
caush: in = trap. This crop is too
small for all Of them to get their
full shares. America, Mexico,
Canada and Japan will consume
minimum Of 3,OOO, 900 bales. This
will leave 3.5OO,OOO bales to be
distributed between Great Britain
aud the continent, against c. 800, OOO
bales last year. This will wipe on,
the visible supply and create a
panic among cotton buyers. The
price Of cotton has come 10 stay.
anG to 60 very much higher.
Last year the manufacturers
reaped . golden harvest By buying
tive-cent cotton. 1t is now your
turn. They know that the crop is
all open anu can be marketed I've.
fore Dec. Il. they expected you
to bite st the bait held out BY the
present SO called great rise, and
rash 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 dePress
the price. l implore you not to dc
this. Sell, as they try to buy. from
hand to mouth. And before JAN
uary you will have the American,
English and continental cotton buy
ers uut-bidding each other for every
bale of cotton you have to sell.
do not be deceived by the adj
vice of New York bear circulars
disguised under bulls hide
Under present crop and trade con:
ditions your cotton is worth ten and
One-half cents. Do not sacrifice II
because last year it sold At i've cents
and now is selling Tor eight and one
half cents. Your Obebieut servant.
HECTOR D. LANE.
"President of American Cotton
Growers Protective Association
Last Wednesday the Texas Legs.
ls. &, s,>oo,a0 soaSisNM NASSR0 q