The Caucasian. (Clinton, N.C.) 188?-1913, 1910-02-03

close student OF Cotton and fts
Relation 10 the Wealth of the
World, and a Famous Bull opcr-
ator, Gives Out an Interesting In
teryiew-Sa!s Demand VIII Force
Unprecedented Price for Short
supply in Immediate Eutarc.
Ihere has probably been no more
conspicuous ngure IL the control ot
the bull market during the cotton
season than Ar. W. l.. brown, OF
New Orleans. a Southerner, who has
for long number OF years been i
close student or cotton and its rela-
uon 10 the wealth OF the world.
The statement which he makes that
cotton Will yet go TO 20 cents may
De considered hgnuy by those who
cannot figure that the fieecy staple
can reach such u big prlce,
but Mr.. Brown. in an interview in
the Atlanta Constitution OF yester-
day. gives plausible account OF his
attitude which is very interesting.
/ am more buIIIsh than ever.
don't believe this country has seen
high prices for cotton~yet, | wouldn l
be surprised 10 see it sell for 20
cents a pound in the immediate
future
These We're the short, snappy SEN
tences spoken by w. Z. Brown, the
millionaire bull operator in the New
York and New Orleans cotton ex-
changes, who spent twenty minutes
in Atlanta yesterday afternoon, en-
route to New Orleans from New
York City.
Mr.. Brown, wearing a gray suit
and black derby hat, was among the
first to swing from the Southern yes
tibule as that train rolled under the
shed. He stopped on the platform to
speak to his lifelong friend, Joe Bill
lups. general agent for the West
Point Route, who came TO the plat
form in a roller chair to see Mr..
Brown. Mr.. Billups is recovering
from a broken leg.
After he had expressed his de-
light at seeing Mr.. Billups again, and
his regret at the accident. he turned
to the newspaper men who had ask
ed for an expression on cotton.
Serious About Cotton.
I don't know anything l can say
that will be of interest. You know,
SO many men want to treat cotton
and its sale fippantly. l don't care
for that Cotton is a serious propo-
sition, and should be treated serious
ly. l don't mind you boys saying,
wv. P. Brown said,' and then go
On and state facts. So here goes:
Just say l am en- route to New
Orleans to pay a brief visit there at
Mardi Gras time, and then l am
going back to New York City. feel
more bullish than ever. This is
based purely upon matter of sup
ply and demand. l believe the crop
is as has been published 1900, 900,
and that consumption is at the rate
of 100000 bales. From this it is
easy to see that the price will have
to go up. don't believe we have
begun to see high prices for cotton
yet. I expect to see 1t sell higher,
and in the immediate future, and
would not be surprised to see it sell
for 20 cents pound.
The Governments Estimate.
"'The United States Government
recently issued a statement showing
that up to the first Of December the
consumption by the American spin
ners was greater than a year ago
which was the heaviest known. AL
of this goes to show the demand Is
greater than the supply. and the
price must go up. We are going te
have higher levels SOON
"'How about the recent slump IL
| cotton?' he was asked.
That was to be expected h'
replied.
"'Was it brought about by manip
ulation?' he was asked.
| Unloading the Longs.
"'No. l wouldn't say that. YoI
must remember | am a member o
both exchanges, and want to be YER
careful how l am quoted. I thinl
the slump was caused by many per
sons being long, and when they be
gan to unload, the price broke. Blu
, it is going up again
Just at this time Fuller E. Gala
way of LAGRANGE, who had com
:, down on the train with Mr. Brown
returned from the street level wit
the afternoon markets, and reporte
the market closed from II to
points off.
cat once. Mr.. Brown was ali a
tention. What caused that?'
1.-The fact was bad enough r.
piled Mr.. Galloway; I didn't look I
Q the cause
el "Mr. Brown took hold OF the p'
Il per, and then said: No, Wen rea
e them after we get aboard He pul
g ed out split-second watch, and sai
n that Il was about leaving time. tt
" party broke up. and In minute
T. was en- route to New Orleans"
Il Nv right must not lead othe