Okolona messenger. (Okolona, Miss.) 1900-current, 1909-03-17

The visible supply is the largest ever recorded and
the Invisible supply ALSO is probably larger than be-
FORE The crop is very excellent quality in which has
made it desirable hold by Spnners, Growers and Mer
chants The price has been reatively cheap and money
has been abundant and available the Spinners have
had no excuse to go uncovered and Farmers have not
been forced to sell and dealers have had what appeared
to be good mercantile party, says j. E. Latham Of
the Souths prominent cotton men, of Greensboro, North
Carolina.
The advance since the middle Of December Of over a
cent pound has been brought about ain ost entirely by
the fear Of something happening TO the new crop. he
market has been stimulated by all OF talk about
age reducton impending depreciation BY the boil weeyi
an insuhciency o moisture an West exas and predlc-
tons of an exodus Of labor from the weevl infested dis
tries Of Louisiana and Mississippi Ii other words,
speculation has appropriated all the rumors and made
bulsh every possible prospect trying get cotton ust
little above the cost OF production In the meantime lood
for and beast is selling the highest prices eyer
known and the talent out in Chicago that has had the
grain markets in cornered state most Of the time lor
seveal months, show no disposition relax and grain is
higher than ever known this oil the he
bull leader says This years wheat,is domestic propo
siton which can probably be construed mean that he
and his crowd about all the grain and they will con-
nue TO advance prices just high as possible without
producing Bread rios
Can cotton paner afford to grow cotton at the aver
age price at which this crop has sold and the prospective
price at which next crop is selling and pay these prices
for food? will answer this question yes Bat It is likely
the Western man will own the farm in short time.
1t is not new to the farmer that small Of cotton
fetch more money than big crops because OF
intellgaace knows this and also that when food is dear
cotton is cheap.
The crop this year is over 13 IL million bales which
is million more than the world consume; therefore
to relieve the congestion OF cotton the farmer must plant
less and to relieve (tbis Chicago food) must
produce more Grain.
Under various organizations during the past few years
the cotton growers have out hot stuff in the
form Of resolutions and Recommendations they have abused
the cotton dealers with regularity and built lew storage
houses at ntervas these remedies OF doubtful value
and while they may help the symptoms they do not reach
the disease The truth is Mr.. Farmer you raising too
little food and too much cotton
The question Of food prices ought to be considered
very carefully because present conditions have to
stav then ali wages and salaries and economics must be
readiused Food has be purchased every da, but the
purchase of cotton goods can be done put of
indefinitely The high price of food largely responsible
for the low price Of cotton The drouh in Texas being
used as an argument in favor Of cotton but the facts are
that now is corn planting time in the drought district and
rain does not come promptly the entire acreage will be
planted in cotton, provided rain Tails within two months
which is very likely.
hear from many Sections that theFcoton acreage will
not be reduced but my opinion is to be contrary.
AS to prices the outlook to rest altogether upon
the prospects of next CROP