Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-08-14

fore October. and money can always be
borrowed from local banks on cotton IN
storage, so that the bulls OF the crop can
be held back and prices thereby forced up.
Demand for Big Crop.
Laying aside all evidences OF a short
crop. the demand for a larger crop exists
in all the principal spinning centers OF the
world.
A crop Of Il. 10000 bales should command
this season as high price in our local
markets as the crop of 1900 sold for, when
the price went 10 10 cents per pound In
September Of that year. The average IN
crease in consumption amounts 70 about
5000 bales annually. and the world needs
a million bales Of cotton more for con-
sumption in 1903 than II required four
years ago The old statement that the
crop must be reduced below 100000 bales
10 insure 10 cents per pound 70 the pro-
Queer. Is a scheme which the spinners and
Spectators are working now with as
much persistency as they did when the
worlds demand for American cotton was
less than that number Of bales for
years consumption. There is no surplus
OF raw cotton from the last crop for the
SINNERS TO fan back on. Old cotton has
been exhausted. There is but little at the
ports which can be used for spinning pur-
poses. and stiil less IN the hands OF the
spinners. There Is now, and has been Tor
many years a lot of cotton in Liverpool
and New York which Is annually counted
as stocks on hand, but which Is absolute
ly worthless for manufacturing purposes.
1t serves its end in being counted as cot
ton on hand.
Marketing Crop Slowly.
The Texas Farmers Congress which re-
Gently held its annual session at College
Station. Texas. struck the keynote 10 the
situation when they resolved 10 market
one-tenth OF their cotton crop monthly
II this plan Is carried out the Texas crop
will be carried along by the producers
through a period OF ten months as has
been the case heretofore. Farmers east
OF the Mississippi could not adopt better
plan than cooperating with the Texas
producers to bring about such system
OF selling the coming crop in our own
section.
From this time on the best and most
accurate reports obtainable will be given
in the columns OF this paper for the BEN
eft OF our readers. They will be Kept as
well posted on every phase of the situa-
ton as possible, and every effort will be
made to get at the truth. We are oelng
brought TO face a serious problem, be-
cause we can not AFFORD to sell this crop
at low prices. BY cooperation and acting
together great good can be Accomplished.
But IL each man rushes his crop on the
market and sells II at whatever price Is
offered. It matters not whether the crop
he large or small the price received viii
be less than the cost Of production.
No price less than cents should be con-
sidered for middling grades and II con-
cert OF action could be secured, 10 cents
could be secured as easy as asking for IT,
The time is ripe for positive and deter
mined action. The columns OF the semi
weekly are open to the discussion OF TINS
question by the producers. and we should
begin to get together and prepare to make
a hard, vigorous campaign In favor OF
fiairer and better prices for our great
money product. HARVEY JORDAN.