The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-09-25
rRE oorroN MARKET.

How the cotton market is cabled
and thimblerigged by a few men is
made very plain by recent develop
ment, The United States agricultural
bureau report giving the condition Of
the cotton crop up to September LIST
was published on September 11th, and
showed a condition of 6s,5 per cent Of
an average crop, being the lowest in
25 years, excepting the one of 1896,
which was 64.2 per cent.
On the strength OF this every one
expected a sharp advance in the price
of cotton, but the reverse was what
happened and the only satisfaction
we could get was that Neill had issued
bear report in Liverpool, which
was accepted as correct and the gov
ernment report was laughed at, II
seemed at first impossible to learn
what this bear" report of Neill's was
but now IL comes out that the sum and
substance Of IL was his admission that
the Texas crop was of 10 per cent, but
tnst the crop In the Atlantic states
was "a perfect one, and that IL would
yield 500, 900 bales in excess, more than
Offset for the loss in Texas"
With the hands OF the cotton gam
blers thus held up against us, the con-
lederate on the spot was believed to
the discredit of an impartial report;
and thus the agony is prolonged of
holding down prices until the product
has all passed from the ownership of
the producer, when the bears can
afford TO quarrel among themselves
There 10 not business man ip the
south Atlantic states but who knows
that Neill's report as to the condition
is false, and that it was made for a
purpose, which viii have been accom-
plished long before the actual count
can be made. The result will be loss
of $40 to SEQ on every bale OF cotton
sold.
When cotton gamblers can combine
to press the price Of the staple down,
why caunol the combined business ia
terests OF the South do the same thing
to push it up? The world needs our
cotton. So great is the need that fac
tories have orders for fabrics away
ahead into pext summer, and at prices
which would justify them in paying
cents a pound, yet the farmer is dump
ing his product upon market oeked
against him, and the world laughs at
his simplicity The conspiracy Of the
buyera has self-interest for its only
bond surely community OF interest
should bring our business men aud
farmers together,
The farmer stands isolated and by
himself can accomplish nothing, but
led by the men whose business be has
made possible much might be done.
Until we can hold our cotton lndef-
nitely against an adverse market we
,an do but little, for the farmer, being
more or less in debt, is forced to sell
10 meet his obligations II is upon the
business men of a country that reli-
Ance must be placed for extricatIon
from business difficulties. II the bank
ers aud the merchants will SO arrange
their business that their customers
will not be driven to settlement within
a given six weeks, the latter viii be
enabled 10 Withstand the efforts OF
- bears To destroy the value of their
srop. BY the adoption OF a suitable
warehouse plan, enabling the farmers
10 hold their cotton while meeting
their pressing obligations, there will
be built up an independent eonstitu-
eney out OF which merchants ana
bankers may reap rich dividends
The remedy lies with these three
he banker, the merchant, the farmer.
Working together adverse CON bina-
ions can be broken dividedly, the
'otton spesulator will be the only man
a the Geld who will maks any money,
s-=-=--r.@=e=
A complete line Of school books aud
chool supplieG &c Lillis's drug aud