The commonwealth. (Scotland Neck, N.C.) 1896-1929, 1905-02-02
FL! s:..t-9.a:>::s
I'LL Il'i i'|I|I'0
gjZc:sllIIeozt Chances
re 5z1.dlag Aov8-2-a1.-
Alta, ia Constitution.


before tina. tbs success # thei. uns n
mems hnia!rg movement is assured ,
no., that 81 shares and shades of opir =
ini among item have united on corr
or. :. ,.-.:ctiva' o,g .n;zed meth I'D 1T h.
~ i-,r ne aesiye3 result. Orlar h: s
f,a e. brought out .: chaos &! i!eas, ARD
trt this critical hour until The last
soil reXt srring, Southern farmers
ils+l,d stand together IS ore man II
he. ;. their surplus cotton eff of a ruin
on j. and art,tic;aily depressed marke,
an to effect planting reduction that
will make absolutely SIRE the achieve
me of their common ohjact.
There will be reduction of from
on fourth to one-third in next sea-
SO. ; cotton acreage, ard it Will be &C
co..."iishe..
common sentiment ard the COM
moS sense judgment of the mass can
eff. :: only partial results through in
DIV tual initiative; 1t requires com
pac., ski.ful determined organization
to I'm the toll measure Of this uccess.
hero is an intensity and a patriot
isn. Il pubic sentiment back OF this
n, 1iacent movement for The e,nanci
pasIs1:, Of the agricultural South which
males it sbs .lutely impossible Tor Its
co.'s t. te ihwarted.
The greatly reduced acreage certain
to cfsult vii. Insure, even with anO:he:
lCsri growing season. a crop next WIZ
ter / less than 10 O0O, 900 bales, and Is
ide 1 growing seasons are few and fal
be- zen, It is extremely unlikely thst
me- than 100000 bales OF cotton
VII! Re grown in the United States
mex season.
result: must inevitably be all
tbs 5 promised.
Il will require all the he!d-over cot
tor to supply tie deficit and barely
ms . The worlds consnmptive demand ,
81, he law c! supply and demand
MI, axe care OF the price. The 10
ceu' minimum will he resdily attained,
ana here ls tie possibility CT Sully
pr. ss.
-ieanwhlie, let cotton still In first
ha is rem ain in stcrage. Let the
farner-owner, on no promising offer
o:tar than fair spot price, be not be-
gut,ed into giving it over to consumn-
tio1. Already it Is known that GER
tar cotton mills, through their agent &
Or Nokers, lave offered: first holder.
Of 9 staple the present spot price on
de. cry now, with the contract guaran-
IS. / any higher figure that the marx
ct lay reach before July lst next, the
far ar himself to eject when that fig
urs as been reached. The farmer is
not wise who gees into this species
Of gambling. He had better take
ch&oces with hi. brother farmers whl
vii Gold until the speculative seise Is
eff, finally broken, for in their cast
tbs element of chance is iEtini;esimal
Eit ht million bales OF American cotton
hay , not supplied the Am erlcan quo'a
for the worlds consumptive require
me is the coming year, not by any
ma.ner Of means, and after July l.,
the mills are going to need the bulk Il
thi ''overplus." Let them pay its true
vai''e: For the farmers, or any cons!o.
era'5Ie number of them, to sell Their
cotton to the mills ON the foregoing
cor i!tion would bring about the yer,
COZ .9:tion that the present movemen n,
seeks to prevent, namely, the satis!act
ion of the demands of consumption
Wi.sn consumption is supplied, as II
would be by this method, the market
would remain depressed. 1t is llveI,
demand and steady demand tn:
bulls the market.
l. Is not tie farmers lookout if thu
speculative brokers who have playee
suca stiff bear hand this year are 60
ing to TALL down nsstheir delivery con
tracts. Tney have over-reathed them
selves in their plot to edo" the farmer
ane the consequences will prove salu
tar on the cotton market in the iu
tura.
I,a Southern planters will carry Il
their programme to the letter-nevs
dcuat It land instead of being tt,
wois % off for the present bumper crop
"W .?at now appears to be a disaste
can thus, by concerted effort. be turne,
into a blessing" The last quote,
words are from an interview with Hon
A. J. McMullln, a representatly,
Geo rgia planter. which appears in on
loc:. columns this morning. Tn,
quotation is the optimistic keynote o
the whole situation. As Mr.. McMul
lin points out, some two-thirds of th
present crop has already been sold at
fair figure. Tho growers haye mad
semc mouev. They are going to lcs