Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-08-25
Courtesy Rock Hill Record.

must be remembered that last years
crop was short more than four mil
lion bales. In view Of this we can
roach no other conclusion but that
the producer himself Is to blame for
not reaching the minimum before
this. He has become frightened at
the bluffs of the bear element, the
spinner and speculator, and has ta-
ken their assertions as facts.
Their first bluff was the mills run
ming on short time. 1t was necessary
for them to do this, as it was impos-
sible for them to secure sufficient
raw material to run on. Last years
short crop forced them to curtail, not
their production, but their consump-
ton. Cotton was not to be had. They
next bluffed you in making you be-
lieve that they could not sell their
goods, and frightened you again. While
they have goods stored in their own
ware houses the commission houses
in New York and other centres have
less goods than they have had in
years. Not until the entire surplus
is consumed in these centres will the
goods be taken from the local ware
houses.
ION August l the mills found 1t
necessary to close down for ten days.
but this was not from choice. 1t was
for the want of cotton. I know it to
be a fact that most Of the mills which
were closed down were out Of cotton
to spin. They must have old cotton
to work with the new when 1t first
comes in 1t is the old cotton that
they want to get hold Of now.
"I want to impress upon the farm
ers that now is the time to hold your
old cotton, as we'll as your new. If
cotton is held off Of the market
throughout the south for the next six
ty days the brokers and spectators
will be compelled to give the price
in order to fill contracts sold to the
spinners ahead. You can do this by
putting your cotton in bonded ware
houses and borrowing money on it.
Money is now plentiful for legitimate
purposes.
"The Continental mills are short of
cotton, and there is a demand for ac-
tual cotton from this source, while
the offerings are small. 1t is getting
harder every day to buy cotton for
prompt shipment. The supply in the
American mills is not sufficient for
twenty days, if that long. The New
England mills will soon have to buy
cotton or close down. They have
been buying from hand to mouth for
the last three months. / know of
cne hundred bales of cotton sold last
week by one mill. Fifty bales of this
went to a mill that was closed down,
willie the ether fifty went to another
mill These two. mills had to have
this cotton to begin work with on til
18th INST. All the mills which have
been closcl down resumed operations
last Monday. From this we assume
tnaI ITdue COIlullloIS NC 6SS
ting better. I hear from good author
ity that all the mills in this section
will soon begin operating on full time.
1t is understood that number Of
mills have sold their output ahead
for several months. All together the
situation in milling circles is not so
bad as il is reported to be. General
ly throughout the country the mills
would be running on full time if they
could get cotton to spin.
Now, as to the condition of the
growing crop. We hear it stated
from the bear side that we will make
fourteen million bales this year, and
that cotton will decline to eight cents.
This is another great bluff, and it
will frighten some producers. 1t is
my honest belief based upon the in
formation at my hand. that the crop
of last year will not more than be du-
plicated. Another shortage like last
year will produce one Of the biggest