The Union times. [volume] (Union, S.C.) 1894-1918, 1904-09-23
blers, as we'll as one to me-"
Mr.. Atwood Violett cabIad +b,

CillS morning:
In consequence of nresen
crop outlook, l estimate th,
American cotton crop this seaso,
at IL, ZOO, 900 bales maximum.
expect IL cents some time thi,
season, perhaps higher"
Discussing the message, Mr.
Violet said: i
Ihls expectation as to price
is because of my belief that the
dlfterence between the supply tc
be obtained out of the current
crop and the needs of the worlds
splnners during the next 1E
months cannot be made to fl
without a material enchance.
ment in values.
The worlds cotton summers
nave been fighting a windmill
Tor the past nine months. con
lending, as they have done, that
the gambler in cotton of the
american variety was responsi-
Die for all their woes and short
age of American cotton In
other words, the gambler must
nave eaten the cotton. Other
wise Its absence from the worlds
visible or invisible supply must
be accounted for in some other
way. The other way now seems
TO have been that there was crop
exhaustion. The bales were not
mere to make the crop s'o"r-
er than Colonel r1ester
New Orleans Cotton Exchange
says it is. Even in his 10, OIL, 600
bales there were at least 80, 900
bales of thrashed cotton, char
acter of cotton, by the way, that
had never been included in any
previous crop.
This would leave the actual
yield of last season about 1880
600 bales, including 1914, 900 bales
OF llnters, which the Census Bu-
reau found up to March l, 1904,
and this was, of course, added to
perhaps by $1,000 bales of linters
subsequent to IT that atuaea daets yhege= ee
600 bales more out of the last
crop, leaving the total available
for spinner's uses about 9,725, 600
bales.
''The worlds spinners, how
ever, took anything they could
get-linters, thrashed cotton or
what not. Now they are con-
fronted with the possibilities of
a crop so much smaller than the
estimates they have recently
been fed upon by their American
correspondents as to bring them
face to face with another short
age between supply and demand
for the current season.
"The Southern planter and
merchant has been educated to
15-cent cotton, and as IT. cents
New York and 49, cents New
Orleans was quoted with a crop
of 100000 900 bales. the South is
asking with a crop of even 900
600 bales larger, and the worlds
supply of cotton of all kinds re-
duced to a minimum, why that of
American growth should not be
worth Ia cents.
"The aggregate effect of hold
ing by the whole South during
the next four months of a bale or
1.-TWO here and there might make
the amount brought into sight
by Janurry 1, 100000 bales
less than would have been mar
keted under conditions existing
at the time the cotton-planter
: was, comparatively speaking,
Epoverty stricken.
"Characterizing those as gam
blers who last season contended,
and are still contending, for q
legitimate advance in cotton val.
ues avails nothing, provided those
5 producing the crop and those
t helping to make it in the South
: are of the same mind as to the
demand, and a very, large
t amount of it before the crop o.
: 1905 can be put in the ground
Y or still more important, before i
t can be put on the market.
n The world needs our cotton
n The spinner knows it, and mor'
r important still, the planter know
r it, and the extent of these need
y is so great immediately-and will
e become greater still as the seasol
: progresses as to leave it entirel
n within the power of the South t
g to obtain an advance commensu
II rate with the worlds spinnin