Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1910-02-01
2O-CENT COTTON
IS SURE To COME,
SAYS ". P. BROWN
Leader of Bulls in Cotton
Talks Freely of Conditions to
Journal Representative on
Saturday

81 am more bullish for cotton than
ever and firmly expect to see the
price reach 20 cents or better before the
season IS over"
So said w p. Brown. the New Orleans
cotton king, who passed through this
city on his way home from New York
late Saturday afternoon. Mr.. Brown
made this assertion regarding the pros
pect for high cotton while talking to
group of personal friends. railroad Of
ficials and newspaper representatives.
w. p. Brown has been the recognized
leader of the bulls in the exciting cotton
campaign which has been seething in
New York during the past month or
more. and his utterances are worthy OF
the greatest interest and attention.
When he aIighted from the Southern
train at the Terminal station he seemed
in the best Of health, and talked read
lily for publication.
HIGH COTTON CERTAIN.
You may say" he said, that 1 am
going home to attend the Mardi Gras.
That I am a firm believer in high cotton
prices. and that think that cotton will
go to 20 cents IL not higher"
What do you base your predictions
upon?" was asked.
Upon hard common sense" was the
reply. THE demand is greater than the
supply. few days ago the government
published It's report. showing that the,
crop amounts to about 10.5OO,OoO, or s.o0o.-
600 below the required amount That
simply means that prices must, in the
very nature of things. go up"
In speaking Of the recent break in cot
ton. which came as a bolt from the blue,
many fortunes. Mr.. Brown was ex-
tremely reticent.
What do you think caused the sud
den break?' was asked.
1T was due to perfectly logical and
natural causes" said the cotton king,
1.-THE long interests were so large that
liquidation assumed a panicly form when
il finally started"
do you think that there was any
manipulation for speculative purposes?"
NO MANIPULATION.
Most certainly not" was the quick
reply. II do not care TO discuss even
the possibility of that, however. I am
a member of both exchanges. and DO
not feel that I have the right to say
anything on this subject. especially for
publication" slt., .a-.- -.l
Mr. Brown stated that he could not
say anything OF the so-caIled cotton
clique that is bulling the price of the
staple so systematically and persistently.
Il might be one OF them myself, you
know" ne said laughing. ID .t.s
do you know II any Atlanta men are
interested in or associated with the bull
movement" was the next question.
II am sorry," said the cotton king.
hut 1 cannot say about that. You would
do better 20 ask them
There is one thing 1 want you to be
careful to do" continued Mr.. Brown.
speaking earnestly to The Journal re-
porter. II want you TO refrain from
any absurd levity I'm quoting me. The
crippled. Iimping lightness and hating
attempts 1T humor with which the New
York papers attempt TO handle cotton
news is as disgusting as ii is silly.
BELIEVES IN ATLANTA.
II have no objection to being quoted,
but dislike to be placed in the attitude
of buffoonery that seems to be the sole
aim of so many newspapers.
81 am an admirer of Atlanta, and bel
lieve she has a great future. Her people
are sane. safe. progressive and wide
awake, and their city will not suffer
therefrom. There are many gentlemen
here who are my personal friends, and
1 predict success for them and their
thriving city.
"Just say that cotton is going to see
better prices than II has yet reached.
and that am still BULL a firm believer
in the future OF the market. This is
the south's chance and she will grasp II
That is all there is to it,