The Union times. [volume] (Union, S.C.) 1894-1918, 1904-09-23
or COTTON
IN FARMERS HANDS.
Advised Not to Sell in
September and OC-
fOber.

tOber.
New York, September 13
Col. S. F. B. Morse, president
OF the Southern Cotton Corpora
ton, talked this morning about
the probabilities of cotton pro-
duction, after reading the Finan-
clal Chronicles yearly report.
Tile had just been asked by one of
the largest manufacturers of the
South, if not the largest, to give
him his frank opinion as to what
Il course the spinner should pursue
In anticipating his future REQUIRE
&ments in the light of the facts as
&they exist today. To this spin
Sner Colonel Morse replied:
u 1T is my opinion that those
pinners who fail within the next
~ or 40 days to take advantage
f the future / arket' will find
themselves, obliged to nav for
ftpot cotton after that period
probably more than they had to
pay last year."
Il Commenting on the Chronicles
466Pe 466PogEffr ogEfr nTeleegel, sMessaa Me..sarn neeilrted
of in relation to the consumption
of American mills, which, with a
crop of / 1.0O0,O 900 bales less than
the year before, was only 6,213
bales less. In other words, in
1902-1903, with a crop of 10, ,758,-
326 bales, American spinners took
A, Isl, ,091 bales, whereas, in 1908
1904, with a crop of 10, 128, ,686
bales, the United States consumed
a, 144,878 bales. "And that"
continued Colonel Morse, I'm
face of the hue and cry about the
curtailment of production due to
high prices; about mills closed up
owing to a cotton famine, and all
sorts of other misleading claims
set up for the purpose of bearing
prices, These figures indicate
that Great Britain and the Conti-
nent were the greatest sufferers
from the dearth Of raw material
and enforced curtailment. The
taking across the water being
665, 400 bales less than the. year
before, is it not plain to the pro-
<~ducer that there exists a Euro.
pean shortage which must be
made, out of the coming crop
The worlds necessities are in
creasing, not diminishing, anC
the demand for the staple must
increase proportionately. This
must inevitably raise the price 0:
cotton goods to higher level, s,
as to correspond with the increas,
in the cost of all other necessi
ties. In other words, the singh
exception should not be made il
the case of so universal a necess
ity as the main material for tn
clothing of the world.
1t is beyond peradventur
that the South now holds it's flu
] ture prosperity absolutely in it
own hands,. The planter is j
better shape financially to hol
his cotton, and thus avoid tn
customary market glut which fc
many years past has invariabl
been present during the harves
season. IT,, therefore, he wi
meet his immediate necessitie
sparingly, he will find the d.
mand for his product steadily il
creasing as the season advances
and by raising his price from tt
minimum of 10 cents he will rea
ize the full value of the produc
which he largely lost in 100
1903, when the lions share we,
to the middlemen and speculate
as ii, likewise did, but to a consi
erable less extent, during II
last season.
This, therefore, is my advi
to the farmers Of the Sout
Let those who are not in a ia
position to hold for fair prices f
oe III k1os,> ccfkoo coll only auos1o