The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1900-12-19
FALSE GOVERNMENT REPORTS.


President Jordan Charges That Agri.
cultural Bureau is Used by Specu
lators Against the Farmers In.
terest.
Mr.. Harvie Jordan, president OF the
Interstate Cotton Growers Protective
association, charges that the govern.
ment agricultural department, Instead
OF oelng operated In the interests OF
the Is, being used as % basis for
the rankest kind OF speculation, to
their serious injury. He further AYERS
that the sources from which the gov.
secures its Information is no
longer reliable, and declares that the
Tact that this seasons crop Is short is
LOO wei known Tor attempts at decep.
tion on the Part OF spectators.
Mr.. Jordan made these charges in -
statement to the Atlanta JJurnal, which
Is as follows
The recent report on the estimate
Weld Of the cotton crop .0r this season
by the agricultural dcpartmsu AZ
Washington only succeeded in tcmpo.-
arlly depressing the price OF the stau,c
I has been openly charged that ad.
vance Information OF the bureau re-
port was furnished certain parties OF
Saturday, two days before the publ ca.
ton OF the report, and tina such par.
ties were able TO take advantage ofthe
speculation market, by creating the
impression that "a "bulllsh" report
would he given out, when they knew
the contrary TO be the case. Tue New
Orleans and New York cotton eX-
changes nave demanded "a rigid inves.
tigatlon OF the statistical department.
OF the Washington bureau, and it Is TO
be hoped that the matter will be prob.
ed to the bottom.
Twice this season tho market has
been thunderstruck by these monthly
bureau reports, aud the prices forced
down 80 TO 60 points within u few hours
after the news was flashed over the
wires. This could not have happened
in either instance had not the punlic
been misled.
1T has been presumed that the agri-
cultural department at Washington
was operated In the interest OF the
farmers, when as u matter Of fact,
these monthly reports are being used
8 the basis OF the rankCSt kind Of spec.
ulatiOn and against the interest OF the
producers. Strange TO say the market
mas rallied Immediately after these
sudden drops caused by bearish y on
reau reports, which proves cOnclusivelA
that the public places little reliance or
he correctness Of such information
The producers are not to be caught 81
easily and the minis will soon real Z
that In order TO lay In their supple,
they must come into the spot marke
fairly and pay the true value Of tn,
staple.
The fact that this seasons crop |
short is too we'll know for holders I,
be deceived, aud II the source frou
which the government secures its in
formation Is no longer reliable q change
u better be made in the methods en-
ployed. Ii 1t were possible that tn,
yield should amount this season t
10, 900 coo bales the supply would still
tail short OF demand for consumption
| 600 600 bales, and high prices snoul,
still co Itinue to prevail.
The European ana Eastern mills mus
have cotton. They can no longer pul
sue a temporary policy, and if the pro
ducGrs continue to stand firm they vii
receive the prices they are demanding
Inc fact Is more apparent now thal
ever that the cotton producers OF tn,
south must perfect sone system b,
which concert and reliable information
about the crop a be placed In the
hands. They must come together an,
perfect u method based upon sOuu,
business principles, which will guar
and protect their interest from th
merciless impOs ion Of the Speculation
The experience OF this season viii
have u powerful Influence upon the IN
ture. The price oi spot cotton for tn
balance OF this season is absolutely !
the hands OF the producers, and the,
should not be influenced to sacriiic
their holdings upon a "bearish' markc
and thus play into the hands OF tn
foreign spinners.
Let tn future" market continue t
~huctuate, but force the buyers in tn
) " spot market to pay not less chan |
cents per pound for your staple.
HARVlE JORDAN,
President Interstate Cotton Growers
Protective Association.