The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1905-09-16
TWELVE CENTS FOR COTTON.
ID. j. Sully's Private Opinion
Publicly EXpressed-Says
It's Up to the Farmer
LAST YEARS CROP is GONE
Short Interest Among the Spinners and
Present Crop Prospects Do Warrant
Selling of Cheap Cotton
CONDITIONS WERE NEVER SO FAVORABLE

d. J. Sully, of New York, gives on,
the following signed statement in
which he offers much encouragement
to the cotton farmer and gives good
reasons for his belief that cotton will
bring twelve cents:
1t rests with you to decide the
price at which the present price of
cotton is to be sold. You have shown
your ability to combat the combined
influence of the largest crop of cotton
ever raised, and the united attacks of
beariSh SpeculationS ia all the future
markets of the world. If you can get
ten cents for crop oe nearly fourteen
million bales, you certainly can get
the worth of the crop that is many
million bales less, The crop of last
year will have moved to market by
today, with the exception of a few
thousand bales. There is no vast un-
marketed surplus from the old crop
TO pound down the prices which you
will get for the yield of 1905-06 Last
years crop, according to the returns
of ginnerS to the census bureau,
was 1858, 900 bales. More
than 13, coo, 900 bales have already
been sold by you. With the mills en-
gagged ahead for six months. and in
some cases a year, the surplus is too
scanty to permit curtailment to any
extent.
They must fill their contracts and
the only way they can fill their con-
tracts is by buying the raw material
from you. Don't be disturbed by
raids in the future market: paper con-
tracts can be sold, to an unlimited
extent, but they cannot be filled un-
less you are willing to part with your
holdings. Present crop prospects and
the great short interest among the
SpinnerS Of the world do not warrant
cheap cotton, and if you stand firm
you will be able to get a fair and
profitable reward for your toll.
The minimum price of IL cents for
cotton, as fixed by the Southern Cot
ton Association at ASheville, n. c.,
is unqueStionably warranted by the
conditions existing today, and the
Southern Cotton Association will soon
see the wisdom of increasing to l2l
cents III reasonable time, and much
higher than l. cents as the season
progresses. Never was there a time
that the demands of the world for
cotton were so great as they are at
the present time.
Never were conditions so favorable |
for maximum consumption as is
now. The mills of the
world are consuming over 1000. 900
bales OF cotton per month, equaling
fully Il, 5000 bales of cotton per
year. The demand for their goods is
marvellous. The price of
the staple has been heretofore entire
ly inadequate to the amount of labor
that has been put into the production
thereof by the planter. Eleven cents
for cotton is less in proportion to the
benefits that the planter should re-
;eive than other commodity produced
Oy the farmer. In 1908 wool sold on
5he sleeps back for cents a pound:
n 1905, this year, it sold for 2S2
;entS a pound on the sleeps back,
an increase in two years Of
100 per cent.
The planters of the South are in
iced to be congratulated upon their (
wisdom in f0reStalling the bountiful
eSults that must come to them this
coming cotton season.
ID. J. SULLY.