The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-02-01

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South. hope that every business
man reading his will call the atten-
ton of the farmers and insist on them
not increasing their acreage. Feed
crops are high, and Will likely go
higher. and YOU should put your ex-
ira acreage in feed, thus making YOU
independent. The world is expecting
you to plant a large acreage, and they
are getting ready to buy it for nine or
ten cents Don't think that YOU can
increase your acreage and the others
VIII reduce, because the records show
different. For the past several S"9rS,
we have had a poor crop with high
prices, one year followed by a larger
acreage and a good crop With poor
prices the next. According TO the
past we may expect a large acreage
and low prices this year. Now, Mr..
Farmer, it is up to you to make the
price high or low; which shall 1t be-
Indications now are that the acreage
will be increased, and you will GER
tainly lose heavily if you do increase"
w. p. Brown aid In my opinion
tOday's ginning comes as near
the entire crop as the inal ginning
report does at the end Of h ginning
season on March p. Hence. l Will be
liberal and q 200,000 bales to to-
days ginning OF 1892, 900, which will
give US the growth, or say. 10, 0O0,O 600
bales in round figures. Then add
500, 600 bales for linterS and repackS,
which gives US q crop OF lo.3O0,ooo
bales, and the bales this year are run
ming on an average of about ) per
cent. less than last Year, and TO SUM
up the whole matter, the total crop
will be about 5000. 600 less than the
actual requirements. Hence, a whole
sale shutting down of the mills is in
evjtabIe. and ] see nothing to prevent
cotton from selling at prices consider
ably higher than any reached 80 far
this New York Commercial.
Carl Geller, widely known as q
statiStician on cotton. has issued q
lengthy statement continuing many
comparisons on yield and ~consun1p-
ton = foreWord was given by I. II.
Price. In his conclusion. Mr.. Geller
said:
In l9O3-4, cotton prices rose twice
for q brief period above 16 cents.
They Immediately sluInped each time
about three cents, and it is now gem
orally recognized that Sully'S second
attempt was toredoomed to failure
from the start. The initial success of
his second venture was due to his un-
impaired fortune and prestige, because
after concluding his first campaign,
Sully stepped aside and lodged the
avalanche. Things are vastly different
With the ~present-day bulls. In jan
uary, 1910, the bull clique strained
every nerve, all its resources. to sus-
tain the market. in vain. During tho
first Sully campaign, July options sold
at 1850 on the strong statistical posi-
ton, as the bull leader proclaimed. In
July, 1904, the statistical position was
infinitely stronger, but spots and fE-
lures were selling at 10 cents. Why!
Because the. boost of 1903-4 induced
the farmer to plant as large and as
Well-feTtilized a crop as possible. The
winter had been hard and q fine sea-
son q been put into the ground.
Today we hear OF fertilizer sales 70
per cent. in excess OF last years, or
q pronounced tendency to increase the
acreage, and OF g fine season in the
ground all through Texas.
With a vivid recollection Of the
collapse Of every pull deal. Will the
jobber place cloth contracts ahead
for delivery into the summer? VIII
the spinner buy cotton for later de-
livery when today he is unable to sell
yarn on the parity OF 12-ceEt cotton?
Is it not more likely tina under the
shadow Of a bumper crop everybody
will fight shy of cotton, and that the
obstinate holder will be left stranded
high and dry? My advice to the spin-
ner IS to continue to buy only the
strictly necessary. and to the holder,
to dispose Of his cotton while it wilt
Yet bring a far profit. The bull cam
psien of 1909-10 is dead and no
amount Of manipulation can resurrect
it,
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