Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1906-02-09


THE BREAK UNwAaRANrED.--Hon.
Harvie Jordan, president of the South
ern Cotton association sent out the fol-
lowing last Tuesday with reference to
big slump in the price Of cotton:
"Spinners Of yarns and print cloths
openly admit that present prices Of
their finished output authorize price
Of II cents for. the raw cotton. This
fact Is well known to every person
who has investigated the high prices
Of cotton goods In all lines. It Is also
well known to all careful students Of
the question Of actual supplies Of spot
cotton and the enormous demands Of
legitimate consumption. that there viii
not be sufficiency Of raw cotton to
meet the demands for consumption be-
fore another crop can be planted, cult
waited and harvested. The present
price OF spot cotton Is, therefore not
based upon the intrinsic value of the
staple. No cotton this season has
been sold on the basis Of its intrinsic
value. "Bearish" speculation Is now
running riot with the cotton market
The present bear" raid has been caus-
ed by combination Of spinners, ex-
porters and bearish spectators, organ
ICED few weeks since In New York to
drive the market down for the distinct
purpose Of breaking the backbone Of
the present holding movement among
the farmers Of the south and to de-
stroy the effectiveness Of the Southern
Cotton association as q factor In the
future marketing Of the south's great
staple crop. Nearly nine million bales
Of the present crop have already passed
out of the hands Of the producers, fur
niShing temporary needs Of spinners
and placing them In an advantageous
position, as they have the ammunition.
But this condition cannot last long.
This crop is $500, 900 bales short Of the
were added to the worlds manufac-
lures in 1905. The demand for cotton
goods is unprecedented. We sold
II, 900 900 bale crop for 10 cents.
There is only a remnant Of 100000
bales left from the present short crop
Of 10,250, 900 bales, and those who have
the nerve to hold their cotton in the
face Of present unwarranted depression
will yet sell 1t for 15 cents"
EMBARRASSMENT OF GEORGIA PAPER.
The News Of Gainesville, Ca, got
into quite a predicament week before
last on account Of publishing very inno-
Gently the result Of guessing contest
which had been lnaugurated by one OF
the merchants Of that city. When the
eye Of the postmaster fell on the arti-
Gle he informed the editors that ac-
cording to a ruling Of the postmaster
general he could not let that edition
Of the paper pass through the mails.
He would have to hold II up until he
could get hearing from Washington.
The editors seeing what confusion and
embarrassment would be occasioned by
the delay put their force to work with
scissors, and cut out the Objectionable
article. Since then inquiries have been
pouring to the Office from subscribers
far and near to know why their papers
had been mutilated, We noticed that
a small piece had been cut out of the
paper sent to this Office, and we were
at a loss to understand It, but last
weeks News gratified our curiosity.
From the experience of our contem-
porary 1t seems that newspapers will
do we'll to avoid the publication Of all
matter where prizes of any kind are
awarded. It Is said that the ruling of
the postofflce department shuts out of
the mails a paper WHICH publishes the
prizes won at card parties. In all
probability much good will result from
this decision at this time, when the
tendency to gambling In all shapes and
forms is so prevalent-Greenwoo
Journal.