The Montgomery advertiser., 1902-03-16

firm the predictions of a pronounced shortage. John Hyde. statistician Of the Agricultural Department came out Wlth an official estimate confirming frice' Buston. one of the leading bears oE Lhv- erpool, made a tour of the cotton belt, and declared the crop was failure. ana would be millions of bales short of what Neil. predicted.
 Unloading on Price.
 But the Liverpool people would not be convinced They had no faith in the planters stories. They looked upon these reports much as the old one of wolf They had heard bad crop tales beIore; bad stuck to Neill and had come out all many times and crops were bad occasion ally. but they came out ail right bI tol- lowing the prophet and disregarding the alarmists .
 So they sold futures instead of buying actual cotton. and so added to Price burden. .u,e.
 Price had managed to get cotton trife above cents. but it seemed linpossiplss for him to get 1t any higher. lie nao m 1de a magnificent fight, but the season wasn't half over when. on January l. 1900. at a conference in his house In New York City. he and his friends dcternt,le ot ea to issue an address to the cotton men oi the South advising them to sell spot cot ion and declaring that the advance Tn cotton was all that the conditions could stanu. .
 such T wave of indignation as swept through the South hadn't been kH2M ', s nee the war Price had been loekt d upon by the cotton growers as great captain. Now he was denounced as d traitor. He had acknowledged neiea. III the height of the camp4lgn' ana TOT ', moment il seemed as if the sentiment he had built up and the fr'tlnE ot an tagC nism to the "opprC ssprS he had l"S- tered would, by reason ot ms desertion' turn the tide and result in dem"ra Ilza
 -t,,g ty, unload spot cotton.
 The Crop Really Short
 .But 1t didn't. The crop was really shorter than Price believed it was and his agitation had been more power a' than he realized. ThArr Was T snort pc riod of weakness ana lnrh tnt ma, i,',,,, N',, got into d rut IL wouldn't z" mn murh nor II wouldn't decline much. Therr II remained week in and week out. " mt Price was doing m"antim" he alone can tell. He seemed heariSh Tor a ui,e, ttlL bullish: then bcansh and dsalh nulnS"' Apparently he had lost his reckoning;
 Meanwhile the market was sl9wN bHt surely becoming healthy anu 'tll' l,1{S' wole sinking home to the foreign SP!u- n.rs Consumption was greater than any one had anticipated, the m'nhtdu""N surplus stocks in the dumping Statloua of Liverpool. Havre, Bremen ana ->t" Orleans dwindled at an aStonlShiilS iit'e' and then suddenly the spinner aWokc to inc fact that he had to get more cotton or his looms would not he kept busy uhtll fau once the real buying started there seemed to be no end to it. Cotton prices began to jump and the way values @ wrr' enhanced made old-timcrs gasp LlNrr- nnnI becqnlc cotton crazy. The bears oe- came paniC-Strlcktn - .,
 And Ind Price failed for si3.ooo,9oo ,. ,,,
 Every prediction Price made carly m In thr season was verified. His campaisn ns pl.nncd was magnificent. As 'Xecuteu nm tn the tune he lost heart 1t was sl'- herb. nc, b. And yet the great monument ne t,,iIIa6 uIS his uDdOinG.