The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1909-10-27
SOUTH SHOULD UNITE
AND WORK FOR HIGHER COTTON
PRICES THIS SEASON.

The Cnwisdom of Forcing Down
Prize Of Cotton Shown and Scheme
Of English Spinness Exposed.
In discussing the cotton situation
the Manufacturers Record says un-
less all resources OF information in
regard TO the cotton crop are thor
oughly unrelta bic. the yield this yea.
will be very short. Considering the
rapid increase ic the worlds con-
sumption os cotton even during such
a period Of depression as tha. Of
l9o7-ls0s. It may be accepted a.
most without question tha: with the
wonderful! prosperity which is now
coming upon this country and which
from this country will spread more
OF less TO al! othe. lands there will
be very srea; Increase in the con-
sumption Of cotton goods.
The very general claim made by
mill owners that hiShe. prices will
lessen consumption may prove a fal-
lacy. Last year II vas very d:@cult
to and narke, for 5.0o0.0 900 tons
OF pig iron whea iron was selling on
the basis OF $40 TO 81 in Birning-
ham. Now the ma1kes IS consuming
pig iron at the rate Of 10000. 900
tons. though prices are on tue basis
OF SIS at Birmingham.
With double the porduction OF las:
year now going on. with prices a;
an advance OF about 33 per cent,
buyers are eager for Iron which las:
year they were unwilling to accep,
al the lower prices and while produ NC.
;ioa was just about ooe-half OF wha:
/; IS now. Il IS. therefore. not al.
together safe for spinners to coun,
on reduced demand sor cotton
goods by reason OF higher prices 0.
the raw material. II general bust.
ness revives commensurate with TIE
revival in the iron trade. and I,
seems that this Is absolutely certain
then the world will be ready 70 con
suue eli the cotton goods tha: CAT
BE produced out Of tais years crop
| even though prices 70. The raw ma
teriai should rule higher than q
present
The English spinners, as usual. ar,
playing very shrewd game. Som.
! gears ago aslead;ns cotton manufac
turer in the South wrote &c TO-
Manufacturers Record that be va
opposed to any invitation being ex
tended the spinners Of England t
visit this country. because. said he
they are the ablest merchants IN th'
world and he was opposed to thei
gaining by personal study any lnowl
edge OF the cotton condition. in tn
South. He did not want Them a
competitors TO any greater Gtea
than they then were. and be va
afraid that visit to the South woui,
enlarge their knowledge Of cot.o,
production and cotton manufacture /,
this section.
The English spinners. however. ar
shrewd enough TO thoroughly under
stand these conditions wi,hop. a pc.
sopai investigation They and th
spinners o. the Continent are max
ing great outcry at present sbou
the high price OF cotton and are en-
deavoriug to induce the cotton spin
ners OF the world 70 curtai! produc
ton in order TO force down the mar
ket for the raw cotton. or TO fore
rp the market for cotton goods: bu!
while doing this. they are viso.ousl
at work buying cotton as rapid
as it can be had. American mills. o,
the other haad. are limiting the;
purchases. hoping to secure lowe
prices.
Considering the decrease IN th
yield. prices which ordinarily nigh
be counted as good, would this yea
be disastrous TO Southern farmers a
Ia whole. In some States. espec;ail
the Ca7oliaas and Georgia. the GRO
is fairly large and the growers /,
these sect!ols will be enriched by th
high prices due TO the shortage il
the Southwest. Taking the situation
as whole. however. 1t ought TO b
the aim os cotton mill people Of tn
South. as we'll IS OF every busines
man in this section. 70 do all in thei
power TO secure for the benef. OF th
South a high range OF prices
/, The policy which would a,temp. {,
force down the price OF the raw sta
pie is unwise .rou every point 0
view. So :mportan: is corson in to-
trade relations Of this country ant
n our financial relatinos with Eu7op,
thai every industry In the country i
benefited by the prosperity ~hiel
fows from the prosperity OF costo,
growers: while many indust-te,
would be greatly hanpered and shei
prosperity cu-tatled By low price,
for cotton. The South has a praca
cal monopoly Of cotton.
Nature has forced upon this sec
ton this year very short crop. i
is the South opportunity. IL not it.
duty. to unite in securing the ut
! most benehi Of this monopoly anc
compel the world to pay price com
meosurate with the worlds need!
for cotton goods and with the short.
age in the crop. The cotton mil
owner in the South who takes any
other view Of the situation Is dealing
with the problem from narrow
point OF view. rather than from tha.
Of the best interest OF all the peo-