The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1906-11-07
PRICES OF CDTTON
MUST GO HIGHER SAYS PRESI-
DENT Z. d. SMITH.
8ases His Opinion on the Report Rs.
Gently Issued by the Gov.
eTnment.

Mr. e. D. Smith Of the South Car
olina Cotton association has issued
statement concerning the recent gin
ming report made By the department.
Of agriculture. Mr.. Smith says that
the figures shows as predicted BY the
association that the crop is e short
cne and the farmers should obtain II
l 2 cents per pound for tho product If
they will only hold their cotton. Mr..
Smith In bis statement says:
THE bureaus report on ginning
makes the total amount of cotton GIN
ned up to the present 4, 91c. 600 bales
South Carolina Is 1850 as against
$50 900 last year. I think all will
sxree that at least so per cent. OF
South Cardinals crop was ginned up
to the 18th OF October. This being
true, we will not make much over 70Q,'
600 bales Of cotton. Last years crop
was about 1, 1875 900. This will leave
South Carolina something Ike 400
600 bales short Georgia, Alabama and
North Carolina all show about the
same percentage short. Texas makes
up in excess lscking $4,000 bales OF
bringing it up to last years ginning
The next glnners' report, l am
confident, will show thst our conten-
tion that the crop is short, Is true
Last Wesk and the week before the
mills and the cotton buyers gave IL
cents readily for cotton. Il they
could afford to buy it then at that
figure, it is worth that much now, for
che reason that they had placed their
contracts months shesd and could al
lord to give II cents and show hand
some profit.
''There Is no reason Why you, the
farmers OF the South, should sacrifice
what cotton you do sell them, because
somebody predicted there was mucn
larger crop. Dsnand from them that
ahey shall give for What you do sell
shem from now on, what they nave
been paying FOR 1t for the last two or
three weeks at least. Cotton Is worth
today on the markets, in view OF the
prics and the scarcity Of goods, II IL
cents q pound. II the farmers will
Just absolutely refuse to sell 1t for
less, this prics can be obtained for the
balance Of this crop.
"Os course every thing depends upon
the unanimity with which they hold
cotton. T an still convinced that on
account OF the frost and storm max.
ing anything like 3 top crop Is inpos.
sible; that this crop will not sprrec's-
bly, exceed last years and therefore
cotton Is bound ultimately to go very
much higher. The world will need
II 500, 900 bales and one Of the best
posted men in the cotton world wired
ma that II the crop should turn out
IL, 600, 900 bales, it would rapidly
bring ID, In England. do not think
a3y one looks for q crop as great as
12, 900. 900 bales. Let the farmers Of
the country settle this question ana
sattle 1t low by absolutely refusing TO
part with their property, except aS q
value satisfactory TO themselves. The
break in the market Of one cent 6
pound within three days entailing 8
loss of SIS bale compared with the
lsbor OF the farmer for II months to
make that bale Of cotton, is enough
to arouse him to sense Of bis duty
in the premises. ''To work IL months
to produce that which speculaSors and
gamblers can take 10 per cent. fro n
It's value in 236 hours is enough to
either make a man quit growing cot
Jon or show chat he Is . man. Ths
world is waiting to see whether you
are men,"
MI. Smith is now at work on the
plans for the organization OF the MAN.
moth holding company which Is to buy
and hold all cotton cfsred at less
than the agreed price. Some time
sgo full statement Of the purposes
Of this company was given in Tne
State and sincs then the association
has recsIYed many letters seeking In,
formation about the company. Another
stssement will be given the press in a
few days.