The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-12-03
WHERE is NECESSARY
SUPPLY TO COME FROM?
Filling Of Mil Requirements is
Most Important Problem to
Be Worked Oui
specIaI d paIIy LeAder.

New Orleans. La. Dee. BE
ginning in April last traders on the
floor OF the New Orleans Cotton ex-
change insisted that the cotton crop
would be OF small proportions and
thar the requirements would be large
enough to absorb every bale at very
much higher prices than then pre-
vailed. Gradually lhe remainder of
the world came TO look upon tae
cotton market In the same light. but
very short crop opinion outside of
the South did not become firmly fixed
until some recent crop estimates well
below 100000 forced consumers TO
admit the facts in the case. One Of
these estimates was that OF the New
Orleans Times. Democrat
Commenting this morning In Its
summary of the cotton market situ-
alton that newspaper SAYS:
"The Times.Democrats estimate Of
the crop. published In yesterday
mornings issue Of 10625.000 bales Is
confined to growth. and Is exclusive
OF llniers and repacks. In other
words, It's figures epresent the bales
as they reach the consumer"
According to the official figures Of
the United States census bureau for
The past ten years the average OF
linters In the total einnings has been
barely one and ninety-eight one hun
dredths Of one per cent
Applying this percentage TO the
Times Democrats figures
Growth exclusive Of lintefs
and repacks .+.....4....l0 l0,62b,OO9
Linters 9s-1O0 per cent . 100000
Repacks. say ........... $4,000
According 10 the usual
method Of trade computa-
tions. total crop Of
bales .aas..4............1 10,s0G.0O0
In his last annual report Mr. Hes
ter made the actual growth 1895, GOO
SO that " the TimesDemocrats esti-
mate IL bone out BY actual results
there would. according to tae forego-
ing computation be a deficit COM
pared vita the year 1859 OF S,025,-
00A.
Another way OF putting It would
be. say;
Growth 190s-09 per Hester l9,925006
Less linters in last years
crop, $40 ef00 repaeks 10
G0G ..........4..+...... 12l000
Last years growth ....... .l3,50i,ca0
Times Demcc ats estimate
-. fDnQ IN ,.f.tta4l, M co. UHN
Decrease this year ..-..... 2Sl9.Utl
The difference between the TWO
computations Is in the quantity Of
+ linters, the production Of which VIII
be veiy much less than last year
and, il Is generally believed. viii not
exceed the ten year average Of less
+ than two per cent.
Any way the matter Is put there is
4 likely 10 be shortage Of about 290o
900 as compared with last season
! and this does not take into consider
atien decrease in weights and spin
ming quality which p omise to TAKE
oif 1T least anethef two per cent o.
over 9cO,al0 bales from the supply
Where the cotton Is TO come fran
% fill cui mill requirements, flom .
crop largely less lhan last year. :.
The NEST important problem TO b'
worked ont.
rhese are the views Of some ~ thi
most careful ihinke IN the trade
Of course. the fimes.Dem0erai j
committed onls 10 is correspondents
estimate II i06s500o exclusive o
linters and repacks. The rest Of tn
matter win work IFS own way out Il
a comparatively short space Of time.
A remarkable coincidence in thi
connection is the similarity of aver
ages that result when crop ealeula
ticns a'e predieated upon tae abov
figures and upon ginning percentage
and ginning returns to date