The Union times. [volume] (Union, S.C.) 1894-1918, 1899-09-15
HOLD your COTTON,

chants and the bankers to get together
and make some arrangements to hold
back portion Of the present cotton
crop, rs it appears from all the re-
ports We have from various sections
ofthe country by the newspapers, tho
cotton crop will be, in this country
at least, one third short, and Texas,
the great cotton growing section, is
lady short on its cot ton crop, and
the Neill report OF ~ ,0o0,Uo0is is going
to be badly off this year. The ma
nipuators are making strenuous ef-
forts to have cotton rushed to market
while the price is low, and as n result
many cotton growers have taken the
buck aguc and have been rushing
their cotton to market as the follow
ing clipping will show:
"The statements show receipts at
all United States ports since Sept.
of ll3,T1l against 1868 last year
and IS, ,52O year before last overland
across the Mississippi, Ohio and
Potomac rivers to northern mills and
Canada 10, 293 against 1896 last year
and POO year before last; interior
| stocks in excess OF those held at the
close Of the commercial year 10, 463
against 1850 last year, and 3i,S50
year before last; southern mills TAX
ings 30, 10 against $500 last year
and 1922 year before last"
Cotton is sure to rise later, in fact
it has already begun to rise, we no.
tice several other papers are taking
up the matter and urging the farmers
to hold back even if they have to put
their cotton in warehouse and bor-
row what money they absolutely
need. We think this is right, it will
surely pay. Bonded warehouses are
building for this purpose in Newberry
and other towns in the State Union
should do likewise. We clip the
following from our exchanges as to
holding cotton etc:
From the County Messenger:
"We have interviewed 4 number Of
leading farmers from various sections
of the county, and nearly all Of them
say that there will not be more than
two-thirds Of an average crop Of cot
ton made in Darlington comfy. Sew
eral Of them say that the farmers in
this section are in better condition
than ever before to hold their cotton
awhile, and we believe the farmers
can get or cents per pound for it
within ninety days"
The Greenville News SAYS:
New Orleans seems to stick to
NeilPs estimate against the govern
ment report on the cotton crop, but
unless farmers throughout the South
have combined to pile up most
amazing fabric of falsehood, the gov
ernment is right and prices are bound
to go up
Speaking Of the prospective rise in
cotton the Columbia State says:
reports from Texas seem to set
tie the question. The crop of that
State will at least be below the aver
age OF the last two yaars, and else
where it will be materially smaller.
Cotton, therefore, is good thing to
hold. There is great revival in the
mill industry all over the world.
The demand for cotton goods is in
creasing and manufacturers will need
more cotton than ever before. Cot
ton will respond to the prevailing
movement toward higher prices
Those producers who are able to hold
it on their plantations should do so,
thus keeping it from entering into
the reports OF receipts. Those who
cannot afford TO 60 without money
should store their cotton in bonded
warehouses and get loans on it. The
prospect Of an advance OF half cent
a pound will warrant warehousing it
for three months"
The monthly report OF the Stats
tician Of the department Of agr!cul-
turc shows a great drop of in the
cotton condition. The serious de-
cline in the main is the result Of the
long continued drouth. Where local
rains have fallen they have generally
been so heavy az H. still agravate the
situation. The average Of the differ
en-: States on Sept. were rs follows
Virginia, 81: Nor,h Carolina. -:
South Carolina, 6G; Georgia, g.:
Florida, ~; Alabama, IS; Mi*S.S5ir-
ri, IS; Louisiana, ~; Texas, Is! ,r.
kansas, CD Tennessee, 7G; Miss, uri,
~; Oklahoma, 60; Indian Territory.
-. average 6h-J as to 19-S 1895.
| - ! O,-nr To-, %,