Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1910-02-01
COTTON AT 20 CENTS.
w. p. Brown, Noted Bull Leader Still
Talks Hioh Prices.

dikS Til9H FTiCCS.
There has probably been no more
conspicuous figure in the control OF the
bull market during the cotton season
than Mr.. w. P. Brown Of New Orleans,
a southerner. who has for long num-
Der of years been close student OF
cotton and its relation to the wealth OF
the world. The statement which he
makes that cotton will yet go to 70
cents may be considered lightly by those
who cannot figure that the tieecy sta
pie can reach such a maximum price,
but Mr.. Brown in an interview In the
Atlanta Constitution Of Sunday, gives
a plausible account Of his attitude
which Is extremely interesting.
The noted bull leader passed through
Atlanta Saturday morning on the
Southern's fast limited, No. 81, on his
way to his home in New Orleans after
a stay in New York and this Is what
the Atlanta paper got from him:
"I am more bullish than ever !
don't believe this country has seen
high prices for cotton yet. / wouldn't
be surprised to see it sell for 20 cents
a pound in the immediate future
"These were the short, snappy 'en-
tences spoken by w. P. Brown. the
millionaire bull operator in the New
York and New Orleans cotton ex-
changes, who spent twenty minutes In
Atlanta Saturday morning, enroute to
New Orleans from New York city.
"Mr. Brown, wearing gray suit and
black derby hat, was among the first
to swing from the Southern vestibule
as that train rolled under the shed. He
stopped on the platform to speak to his
lifelong friend, Joe Billups, general
agent for the West Point route, who
came to the platform in a roller chair
to see Mr.. Brown. Mr.. Billups is re-
covering from broken leg.
After he had expressed his delight
at seeing Mr.. Billups again, and his re-
gret at the accident, he turned to the
newspaper men who mad asked for an
expression on cotton.
81 don't know anything / can say
that will be of interest. You know,
SO MANY newspaper men want to treat
cotton and its sale fiippantly. l don't
care for that. Cotton is a serious prop
osition, and should be treated serious
ly. don't mind you boys saying wv.
P. Brown said," and then go on and
state facts. So here goes:
Just say i am en- route to New
Orleans to pay a brief visit there al
Mardi Gras time, and then am going
back to New York city. l feel more
bullish than ever. This is based purely
upon a matter of supply and demand.
I believe the crop is, as has been pub
lished, 10,300,000, and that consump-
ton is at the rate Of 100000 bales.
From this, it is easy to see tnat the
price will have to go up. G! don't pc
iieve we have begun to see high prices
for cotton yet. l expect to see 1t sell
higher, and in the immediate future,
and I would not be surprised to see II
sell for 20 cents a pound.
1.-The United States government re-
Gently issued a statement showing that
up to the first Of December the con-
sumption by the American spinners
was greater than year ago, which
was the heaviest known. All OF this
goes to show the demand is greater
than the supply, and the price must go
I'D. We are going to have higher lev
els SOON
"'How about the recent slump in
cotton?' he was asked.
"'That was to be expected he re-
piled.
Twas it brought about by manipu-
lation?' he was asked.
".No. l wouldn't say that. You must
remember / am a member OF both ex.
changes. and want to be very careful
i L
was caused by many persons being
long, and when they began to unload,
the price broke. But it is going up
again
"Just at this time Fuller E. Galloway
Of LAGRANGE, who had come down on
the train with Mr.. Brown, returned
from the street level with the after
noon markets, and reported the marker
closed from IA to 29 points off.
AT once, Mr.. Brown was all atten-
ton. What caused that"
1.-The fact was bad enough replied
Mr.. Galloway: I didn't look at the
cause
"Mr Brown took hold of the paper,
and then said: No, we'll read them
after we get aboard He pulled out a
split-second watch, and said that 1t was
about leaving time. The party broke
up, and in a minute he was en- route to
New Orleans