The Birmingham age-herald., 1910-01-16

 tion, appears to have forseen the situa- ton last year, about Mardi Gras time, in the city of New Orleans, and laid the foundation for what has now gone down in history as one of the most colossal deals that has ever been made in the history of cotton speculation. There can be but little doubt ip the minds Of cot ton people that the crop is too small to meet the worlds requirements; that this crop will not exceed the crop of the fa- nous sully year. aud that eventually the legitimate demand between now and the next crop will carry prices to point equal, if not higher, than prices of that year. But 1t will come about gradually, I think, and not through wild and violent fluctuations. I firmly believe the week just closed has witnessed the end of Hotpoint fluctuations during one day. It if has not the leading cotton exchanges of the world will have to close their doors for a week to give the members a rest treatment.
 4The world is consuming at least 25 per cent more cotton today than 1t did five years ago, and I should say that the profits on at least one-half of this ip- crease in consumption was going into luxuries, such as automobiles and fine equipages. What difference does 1t make to a man who has suddenly made few thousand dollars through speculation, CT legitimate means, as for that matter, whether machine is worth $25o more this yosr than last. by reason of the cost of
 <~l.k t- fore, therefore he does not know nor does he care. The difference comes to the poo farmer from the hills with the big family. who comes to town once or twice a year to buy a few bolts of domestics and calicoes and to the laboring man with the overalls.
 ''The spinner knows the size of this cot ton crop he has taken care of himself before. and on this big dip that we had Friday he was there with sack. It was bargain day for him. The real lead CT Of this campaign through his great skill and wide experience quietly un- loaded his speculative holdings very largely on a southern contingent. Did Naw York ever let them get away with the money7 Alas. for this too ardent southern sentiment. Think of one man carrying In the neighborhood of 1,o0o, 900 bales, and not spindleI Is 1t wonder that the crash was inevitable. To those of us watching the situation-well, we should have studied the law of gravita- ton. Pyramids have melted away, dr cams of mansions and autos galore have been postponed. To people engaged in the cotton market I would say be conservative"
 Harper Favors Early Primary.
 T am decidedly in favor of an early city primary" said Phil Harper. member of the city executive committee.
 T think it would be. a wise move to call the primary for March or early in April and get city politics off the board and give business clear swing. Of course 1t would be well to have the coun- ty primary called for the same date. This will do away with two elections and save time and worry for voters and candidates alike. There is no good req son that I know of for having . long drawn-out campaign this year."
 AdmIres Mir. Percy.
 My attention has been called to tho fact that MT. Walker Percy has been men, tioned for the office Of senator from Jsf- ferson county" said Dr. F. M. Smart of Ensley. "I want to say in my opin- ion there is not man in the county who is moro suited for the position of senator than MT. Percy He knows the district and knows what legislation the people need. Mr. Percy's legal ability Is good and sound on all public questions. He has the district at heart and knows ex- actly what the people need to help the Birmingham district
 q do not believe the people would make a mistake in electing MT. Percy to the senate from Jefferson county and I. think 1t wise and expedient that the people get together and request Mr. Percy to enter the race for senator.
 T am . voter and taxpayer in the county and have been for more than S years and have the best wishes for the mineral district and the state at large" The Postal Telegraph.
 sThe Postal officials vigorously deny that there is any truth in the statement that the change of name of the Postal Telegraph Cable company to Trans-Con- tinental Telegraph company has any connection with any plan for q merger with the Bell Telephone company or the Western Union company" said T. D. Jackson, local manager for the Postal. 'They state that the change of name is solely to enable their local company in New York state to transact It's busi- ness in that state in the name of the Postal Telegraph-Cabl company and they 1 ridicule the item which has been sent broadcast over the country that the sim | pie change has anything whatsoevsr to l do with the telephens interssts or the Wsstsrn Union interests. The Postal poo pie say that they have been independent and will continue to be independent and H..x~ vofhiuo t0 do with fhe tA1ephona