Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1900-12-22
INTEGRITY OF THE BUREAU.
President of the Inter State Cotton Growers
Association Makes Charges.

Interstate Cotton Growers Protective
association, charges that the govern
ment AGRICULTURAL department, instead
of being operated in the interests OF the
Gao ,o,,neeL- -i,,,,u- On naepevoieaefdift5-
their serious injury.
He further AYERS that the sources
from which the government secures its
information is no longer reliable, and
declares that the fact that this seasons
crop is short is too we'll known for at
tempts at deception on the part of
spectators.
Mr.. Jordan made these charges in a
statement to the Atlanta Journal,
which is as follows:
1.-THE recent report on the estimated
yield of the cotton crop for this season
by the agricultural department at
Washington only succeeded in tempo
rarily depressing the price Of the sta
pie. 1t has been openly charged that
advance information of the bureau re-
port was furnished certain parties last
Saturday, two days before the publica-
ton of the report, and that such par
ties were able to take advantage of the
speculation market, by creating the
impression that a publish" report
would be given out, when they knew
the contrary to be the case. The New
Orleans and New York cotton eXchang-
es have demanded a rigid investiga-
tion Of the statistical department Of the
Washington bureau, and it is to be
hoped that the matter will be probed
to the bottom.
"Twice this season the market has
been thunderstruck by these monthly
bureau reports, and the prices forced
down so or 60 points within a few hours
after the news was flashed over the
wires. This could not have happened
in either case had not the public been
misled
"It has been presumed that the agri-
cultural department at Washington
was operated in the interest Of the
farmers, when, as a matter of fact,
these monthly reports are being used
as the basis Of the rankest kind of
speculation and against the interest of
the producers. Strange to say, the
market has rallied Immediately after
these sudden drops caused by bear
ish" bureau reports, which proves
that the public places
but little reliance on the correct
ness of such information. The produc-
ers are not to be caught so easily, and the
mills will soon realize that in order to
lay in their supplies they must come
into the spot market fairly and pay the
true value Of the staple.
''The fact that this seasons crop is
short is too we'll known for holders to
be deceived, and if the source from
which the government secures it's in
formation is no longer reliable, a
change had better be made in the
methods employed. If it were possible
that the yield should amount this sea-
son to 100000 bales the supply woulG
still fall short of demand for consump-
ton 100000 bales. and high prices
would still continue to prevail.
1.-THE European and eastern mills
must have cotton. They can no longer
pursue temporary policy, and if the
producers continue to stand firm they
will receive the prices they Dire de-
The fact is more apparent |
now than ever that the cotton protluc.
ers of the South must effect some sys.
lem by which concert and reliable in
formation about the crop be placed I'M
heir hands. They must come together
md perfect method based uDOn sound |
business principles, which will guard
and protect their interest from the
nerciless imposition of the specula-
ors.
The experience of this season will
nave a powerful influence upon the fu-
ure. The price of spot cotton for the
balance Of this season is absolutely in