The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-02-08
,pv Col. r. J. Lowry, Leading Pan"
- :, Artanta tonsJttutloH.J

or in Albania
Mn, h HIS peun od4~ 4dee'9 40
1ha recent ucClIIe III co--ohs a."
f,- ma interviews OF
t:lt,n LrokcIo ana Aactoi9. VIM ~
stai,d tnal tne AeC-i1e "ao 80,
u.M.rrau.ed Iy conult-o'0' =,
lttt,u Lunolua reato4AI5
4he A,anuara oil tne mdrhst' IaA
..n,.rS al! over tn1 S''te-iSA'
SAFES are necessarily o~eplS i
,s1ru IL cotton, do ul~S h@No
the crop TO THIS TIME, ana l1aa. 49,
t.I.antt tle re4Aldlnuof OF lug
have feat co~noera4Aeu. aio 80,
urged bv several Danh1rs o. iilo'
nIn.tn- in Georgia, TO write soidG-
Thing Tor NE press upon TINS su".e''
anu unaAe some ~sdg5eotlohs.
am of the opIlloi tnat we hhas
at al tlAlps eAk~-t d
AND Ian Ill the pace OF Cocoon -
i'll e1tiy o,ner liouuct, pdt nc
Cannot De a4.g Nely stsdt
ANY Sredl l-ASlA o. tiAn- - -
n,rn.al level o. The pr4ce d. ooseIii1u
Nv the UNIV eI ool law o1 fAAo-Sdfp4y
~ ,+,nanu. AS a basic propoa4t4on
a4.4oat a~A4uulaI., as eno wa.
nlalus Cocoon, anu, DIS sho ooa
lalees 20 per cent ol thS "oiiuo S0R
NV. ,hete must necessarily ue d eoa
t ,narh+r l1r Ill. This steauy
d.u,auo Is evidenced by the Iact tndt
the farmer can Always sea- iiS CO..
ton anu the 4ncreao-AS ueAiiaiu -
shown ny The gradual tehoeloy up-
VALID III pIioe. 1eA Yeas $50 ~
s.uln ra1oou a crop OF ten AlliIloA
bales, which brought three hLnuleu
nilI4lon tOI4ars. i n4s Year We raiaeu
ABOUT ten and a hail million pdies'
and 1t Will have brougnt. men Il -
al marht-1u about e4ghl ndIluFou
and Hi,y million dollars Inc crop
not benz materially greater THAN the
rrn1 1f ten Vql1S ago. a.lu Inc 0E-
nand having greatly Increased III
that time, necessarily cotton brings a
good price.
Good Prite s Always.
Now, as the South Ta.-es 10 per
cent OF the worlds supply OF cotton,
and the demand continues, ana IN
cIeaseS, as it Will, cotton must neces-
sarlly continue to bring good prices,
for the market IS governed.
staining temporary fluctuations IN
price. ~ the law of supply ana de-
nand. In view of the present supply
and demand, in my opinion, co,lon
should continue to bring about what
it is intrinsicaliy worth, which Is
around practically 10 cents per pound.
Speculation in cotton, or other pro-
ducts, may, and does, often roduc
temporary abnormal conditions. and
uAduly initiate or depress prices. but
there is no over-production OF cotton,
nor is there likely to be. Hence. in
obedience to the natural law Of trade,
it should enjoy a market generally
STEADY around the point OF its intrin-
sic value, or say Is cents per pound.
The main difficulty, as many of us
know, is that it has been necessary
for years past for the planter TO sell
his cotton to pay his depts, practically
forcing upon the market this crop in
a lump inside of about -four months
This has been to q large extent the
result of the fact that we have not
had the facilities for holding 1t fol
such a reasonable in price as
We might expect. Cotton is a salts
factory security, and / think a good
security Tor an advance OF, say, IL tC
i cents per pound by banks, tor
am sure that, SO long as there is nc
overproduction, and the demand is
STEADY, cotton, if held and properly
cared for, will continue to bring gen
orally good prices. / confidently be.
IeNe when our Panama canal is fin
ashed, and We have free intercourse
with the Asiatic market. that a 20.
100000 bales crop will not be exces.
sive.
Worthy of Good Treatment.
Cotton is now spasmodically held
by some planters in the South. but i
is held under most unsatisfactor
conditions. and it often depreciates a.
much IN value Is the advance il
price amounts to. 1t is too valuable
a crop TO be held in such a manner
1t is worthy of better treatment. ane
from an economic standpoint it i
shortslohted to hold it, lying out i,
the weather and depreciating in value
During the past few years It ha
been my pleasure to travel quite ex
tenslvely through the middle west
and | have had deeply impressed upol
my mind conditions as they exist il
that gra5n-producing section of tn
union. In taking notice of the large
commodious and thoroughly equippe
elevators for the proper storage an
care of the grain, I have contraste
cond1tlons in the South as to orr cot
ton crop with the favorable conditio
out there for handling their grea
crop.
These immense elevators are tn
dlrect means of saving to the farm
ers of that section millions of dollar
annually. For instance, a man j
me west. we will say, raises 1,OO
DI1ShPIS of yyhnaf. r.