The Montgomery advertiser., 1904-12-11
PRICES TACTICS.
In Trying to Bolster Up His Bearish
 Campaign.

Macon (Ga) Telegraph.
 The bearish estimate of Theodore H. Price has excited the indignation of cotton producers throughout the South. He declared, as printed yes terday, that the crop of this season would amount to 100000 bales fn- cluding linters and that the indicated yield is 12,S73.s33 bales. not including linters.
 In addition he said:
 q am supplied with photographs of a number of unpicked fields in the South which I shall shortly publish, and which gives indisputable evidence of the fact that a large amount or cot- ton is still unpicked
 Mir. William McEwen Johnston of this city yesterday received letter from a party in Texas whom he knows to be undoubtedly reliable. in which ne says:
 'T. H. Price sent down here week or more ago to some one to have some photographs taken of cot ton being picked, if 1t did not cost over $25 and send 1t to him at once. They found one field (only corner of it) and they put some negroes In 1t and they went to work picking and I suppose Price exhibited this and beared the market-a clear misrepre- sentation of the condition of things here"
 A Telegraph reporter made an in- vestigation yesterday and discovered that Price had sent an order to local photographer and offered him s25 to give him pictures of fields of unpicked cotton. The photographer made the effort and reported that he could find none. To what other parts of the, Georgia cotton belt Price sent the order is not known.
 Farmers from the neighboring counties, Houston. Jones. Crawford. Twiggs and others who were in the city yesterday weer extremely denun- ciatory of Price and charged that ne was trying to bear the market. They said he was a member of the New York Cotton Exchange and that he was, after all, a bear though at the outset of the season he had posed as a bull. They asserted that their own fields were picked and that there was nothing in the fence corners" for a photographer. The warehouse men declared that they were in full sympathy with the farmers and they weer quite as positive in denouncing Price as one who was trying to cross- lift the producer.
 It was pointed out to the reporter that notwithstanding the Price esti- mate. the market was steady for the day at a gain on the close.
 One warehouse man. who is not on- ly a factor but a grower, expressed his reproduction of Price in measured terms. In his opinion, 1t was a delib- crate effort on Prices part to inJure the Southern producers.
 Another warehouse man, who is not only a factor. but an owner of plantations and with large mill inter- ests in this section, was extremely positive. T say to you" said he. that as a manufacturer the price to- day should not be less than nine cents pound. Cotton is good for that at this time The producers ought to hold. I believe the crop will reach Il 1.75O00o bales as everybody else be- lieves The man who deliberatS<. sends out a statement that 1t will be 13.O00.000 and does 1t just at this time can have no other motive than to strike a blow at the producer in order that he may scalp the mar ket"
 Another warehouse man of long ex- perience. who had been in consulta- ton with the farmers all the day said that the price was absurd; that the mill men made a profit at eleven cents while they were complaining of the cost of the staple; that when cotton went down they did not decrease their price on goods, but on the contrary, increased them; that the farmer was, therefore, a loser both as a buyer and a seller because of just such manipu- latory tactics as Price, for one. has