Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1905-03-02
What the spinners Think.

Cotton Is cheap. That this Is gen.
orally understood is clear from the
talk OF forming pools" which is heard
on both sides of tho Atlantic. The
Manchester pool" that of Liverpool
and the million-bale Zurich project
are promptly followed by the New Or.
leans pool"
All this gathering together OF CAPT.
tai. II the deals are consummated,
means but one thing. These men Of
large affairs. knowing, as they do. the
Alpha and the Omega of the buying
and selling Of the staple. will put their
money In these ventures for one ele-
mental reason-to make money. In
cidentally they are also trying to ben
EFT the grower, for his prosperity will
reflect credit on those who originate
and carry out these several undertake.
ings. But the underlying organic fact
remains
That these agglomerations OF men
are a unit in thinking that cotton Is
now selling below its intrinsic value.
That cotton is cheap.
That they will be able to resell at q
profit.
Care must be taken when the time
comes to sell, that this is done grad.
ually. Much depends upon the good
faith OF the management, especially
OF the New Orleans syndicate.
From a spinner's point Of view. any
move which will give the grower a
lair return for his lands and labor
will be received with favor. Never.
theless. what the cotton manufacturer
most ardently desires above all thfngs
Is stability Of prices.
The cotton planter and his ulti.
mate customer. the spinner, should
get closer together, and. as one Of the
latter class said to the writer in New
Orleans, II the former could perform
the impossible and devise some
scheme by which cotton could be held
at a fiat price Of ten cents for ten
years the manufacturing fraternity of
the wide world would accept IL with
unbounded joy.-American Cotton
Manufacturer.
II has been pointed out that IL there
Is a crop In the seaso closing of a.
100000 bales and 10000 of these be
taken on the market IL. $50, 900 will be
ieff. which Is the amount needed for
the consumption of the world. IL this
Is done the IL. 750.000 can be sold for
ten cents, or $5s7 500. 900. The whole
amount put on the market will bring
only $500. 900 900. at eight cents. or
5I,500.e0O less money than that re-
.ceived for the smaller number of
bales. This 1850. 900 can be-, pooled
and then make TO- 500, 600 this wear
which. with the 1850. 900 carried over
will produce just what will be needed
TO meet the demands Of the world
MT. r. v. Evans, who has been out
among the farmers of Northern Texas.
with them In their schoolhouse meet.
ings. says that the farmers are en-
thusiasttc on the question OF diyersi-
ncation and reduction of the cotton
acreage and also on holding their O
ton. and that the of opinion
is that IL the farmers take care of the
cotton. put it under shelter and pro-
tect 1t from weather. by the aid of the
local merchants and bankers. they ara
going to win out in this fight.
Try a little spring wheat on some
OF your ground. 1t won't cost much.
and 1t will pay you.
In response to letters sent out last
week by National Secretary Oswald
Wilson, every mail Is bringing in or.
ders from the banks for diversified.
tion buttons. which they will dis.
tribute to their customers in order ~
encourage d~iversihcation and the re-
ouction oil the cotton acreage. as pro-
vided in the plan OF the National
Cotton Association. This will accom-.
plish two objects: provide the neces-
sary funds to carry on the CAMPAIGN
which will not be very large. as there
are no high salaried o~ficials, and also
enlist the bankers and merchants with
the farmers In the campaign for Al,
yers!Acssics.