The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-10-04
Mr.. .LANE'SADVICE
Ne Tells the Planters to Hold
their Cotton.
rh.v should Receive Ten and One-Half
csnts n Pound---He Informs Them That
II Ia Their Turn to Make Money This
Year.

Mr.. Hector D. Lane, president
of III, American Cotton Growers
protective Association, yesterday
issued a circular TO the association,
dated this city, advising them
that they are masters of the situa-
non. and begging them to hold
their cotton until they get ten and
one.half cents pound. The cir
cular is as follows:
New Orleans, Sept. 20, 1895.
.To the American Cotton Growers
Protective Association:
"Twenty days ago, in advance
Of the bureau report, | issued
eircalar statiug the crop conditions
and warning you against hasty
disposition or marketing of your
cotton. The cotton buyers and
bear speculators r:diculed that
circular, but when it was more than
confirmed oy the government bu.
yeau they began to have some re-
spect for my Investigations.
"Since that time the crop has
aeteriorated to such an extent rs
10 amount to a 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 Miss
issippi, where the crop was sale
TO be good, comes reliable infor
nation of 40 per cent deficiency
The best authorities put tn.
Texas output at 10000 bales o
less. The cotton plant is nov
practically dead Throughout th'
South, aud frost tonight woul'
do but little if any damage. Il
my opinion this crop cannot e1
seed 6, 500. 600 bales maximum.
"Eveu Mr.. Neil has been CON
pelled to reduce his estimate to
maximum Of 100000 or 1880
900 bales, with possibilities I
much less. What he termed
"possibiliw' when his circul;
was issued is now an establishe
fact; and it is difficult to see no
Mr.. Neill AS a s:a,i.tician can ia
10 recognize this fact when he i
sues his next circular.
The situation as to the price
cotton is plain. The Europe;
manufacturers, relying upon mi
taken information given the
about the size of this crop, and n
realizing in time that the world
on trade boom. have sold man
factured goods ahead until July
next year. To make these goo
they must have your cotton or ru
themselves by violating their &C
. tracts. They, as we'll as the Am
! ican spinners, are caught in tra
!. This crop is too small for all
S them to get their full shar
:, America, Mexico, Canada and
s. pan Will consume a minimum
100000 bales. This will les
3,5OO,O bales to oe distribu
: between Great Britain and tEs c.
'inent, against 6,S00,OOO bs
4, last year. This will wipe
= "a the visible supply and create
or panic among cotton buyers. !
"a price of cotton has come to st
and to 60 very much higher.
"a Last year the manutactul
at reapeu harvest by buying Fl
es cent cotton, 1t is now your tr
ess They know that Cthe crop is
nea OPEN and can he marketed bel
Dec. /. They expected you
'id bile at the bait held out by
is Present. SC called great rise
eu "S msh your cotton forward and p1
t'on. a l'ior sale. They will then {
ftpe 'ul Of the market hoping that
nors weight of the cotton offered VIC
easss depress the price. implore
not to do this. Sell, AS they
with 70 buy, from hand to mouth.
dles before January you will have
g., American, English, and contiI
$. IN ~ ai cotton buyers ontbidding G
9 w. e'Ner for every bale of cotton