The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-08-29
show. Immediately the narrow stair
way was packed and jammed ten
feet high with the dead and dying
Hubbard Bros, Cotton Letter.


cal moment, rain has fallen and is
falling in Texas, relieving the drought
SO far in all but the Central portions
of the State. In Western and North
western Texas the rainfall was heavy
in the Northern and Northeastern
portion it was good but not heavy
and elsewhere the scattered showers
have not been heavy. Wherever rain
fell the plant has been benefited and
deterioration must crease but the
belief grows among the trade that
the pressure upon the Government
and representatives will be so strong
that the Bureau report on Septem-
ber 1st is bound to be a bullish one.
This view has been confirmed by the
reported estimate of condition of 76
to II by the National Ginners and
Europe, especially the Continent, have
been free buyers during the past two
days in face of the rains in Texas.
They undoubtedly feel that the usual
August deterioration will bring new
buyers and a higher range of prices
than those Of the past three weeks.
In short, prevailing opinion now
looks for an advance either before
or on the Bureau report similar to
the advance in 1904 especially as all
the strength of political endeavor is
united to bring about higher level
Of prices at which the crop can be
marketed.
We quite agree with the view that
the Government had not the slight
est basis on which to issue an es-
innate in figures in July or August
as to what the ultimate yield would
be; it is simply absurd to make even
a guess, as the yield depends en-
| tirely on the weather after July and
who can know what the weather will
be?
We expect that planters will use
every effort to obtain as high
price as possible, why should they
not?
Combinations of farmers do not
fall under the Sherman Antitrust
Law any more than the Labor Unions
and therefore why should not these
Senators and Representatives who
raise cotton or are members of the
Farmers Union use every means in
their power to advance prices. TO
suppose they would not use their
political strength to accomplish this
end is absurd.
So far as the crop is a factor, the
Texas rains should assure that State
of a fairly large crop. While up to
date the balance of the cotton belt
has not been called upon to face any
hot winds from the South and the
continually showery weather while
not pleasant to look upon, has in
the past always made large crops. At
the moment however, the market is
looking forward to as bullish a re
port as can be made and expect that
the advance will bring in buying or
ders from spinners despite the bust
ness conditions in America
Cotton seed oil prices have ruled
firm at an advance except for slight
setback early in the week. The
strength in lard together with sur
prisingly large European demand con-
| tinue to be the chief factors. Re
ports of great deterioration in the
new crop together with an advance
| in cotton here also had their influence
At the same time offerings of crude
| in the South are small. So long as
this foreign demand continues and
the lard market remains firm no great
decline can be expected, but it re
mains to be seen what the influence
of the pressure of new oil will be.
and whether the demand will be suf
fcient to absorb these offerings when
the new oil begins to move.