The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1911-08-23
MARKET COTTON SLOWLY.

Already there is a demand Tor
the agitation of the cotton ques-
ton with a view to prevent the
spectators from getting the up
Ger hand and pressing the price
of the staple down. The thinking
ones are devising means to mar
ket the crop in q judicious man
ner and thereby keep down what
is known as q market-glut, the
idea is to arrange for a slow mar
ketlng, feed the mills only as
they need the raw product, in this
way it is expected to keep up a
uniform price. One Of the best
articles we have yet read on this
subject was published in last
Wednesdays Constitution as a
communication, and it appealed
to our ideas so strongly that we
herewith reproduce it.
If campaign OF agitation should be
vigorously pressed throughout the south
for demanding good prices for cotton, It
would be worth not less than tl1tY MIL
lion dollars to the cotton growers our
ing the season OF l9ll-l2.
The newspaper reports and the 1eel-
ing here indicate large crop. 1t IS a
thing devoutly prayed for by the Euro
pean spinners. The pressure downward
in the market by the buyers during the
coming season will be desperate.
The English spinners have uniformly
lost money for three or more years, eN-
cepting where, by reason OF peculiarly
favorable conditions, q manufacturer
has been able to hold his own. A sentl-
ment favored with British national pa
triotism may make the coming struggle
9 Waterloo. The manufacturers are or
ganized.
It is notoriously true that Liverpool
liverpool in cotton means England
lost it's dominant place in the control OF
cotton prices ten years ago New Or
leans is now the controlling factor. New
York is little more than a gambling
shop. The change came about when the
organizations of southern farmers began
to teach them that cotton selling was a
transaction with two sides to it-that
the seller might demand as well as the
buyer might offer. The growth OF this
knowledge has done more to regulate
prices OF the past decade than has the
varying volumns Of the crops.
IF fifty per cent of the southern cotton
producers would resolve as solemnly as
the ssthree swiss that they would not
part with their staple for less than 10
cents a pound and stick to it I'LL the lst
of January, voiced by a hundred great
mass meetings, am confident cotton
would 60 to seventeen cents.
This requires widespread patriotic
thrill, such as swept over the south,
when in 1861 the old men put their say
ings into confederate bonds and the
young men took up the hardships Of
common soldiers. Such a campaign
would be worth more to US OF the south
than would have dozen victories at
Gettysburg. We are people OF sentiment
and there has never been time 10 our
history when that fine quality OF our
could have been appealed to with a
greater certainty of results.
A leading British statistical paper, IN
a recent number reviewing the cotton
market, said:
s'At the present time the cotton trade
is passing through period OF travail.
It is experiencing almost to the iull the
effects of shortness in raw material" !"
In conversation last week with one
OF the foremost bankers OF London ithe
representative of the Associated Euro
pean Bankers, who at one time insisted
upon the insurance of cotton bills OF lad
ing) he frankly admitted that the Euro
pean bankers backed down from their
demands for the avowed reason that 9.
majority of them feared such step
would lose the American business.
If the cotton producers could know
their strength could see face to face
the vantage ground on which they are
camped-a triumph is theirs-a triumph
which means millions now and eventu-
ally power and prestige not hither en-
joyed BY any spot on the globe.
CO.. HADEN.
Manchester, England, August 2.