The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1911-12-08
rs TO WHAT'S HI MATTER WITH THE
BULLS

What's the matter with the bulls-have the bears chased them
off the earth? The cotton quotations would indicate it.-Merldan
Dispatch.
Southern legislatures have killed the bull element that DONNA
ted the South and sifened the backbone of the bull elements North,
while they have not been able to disturb the bears. whose abode was
beyond their reach of influence. A few years ago the bull element
of Texas was the main support of the bulls of New York and Liver
pool, who sustained the market, but the drastic legislation in the
Lone Star State put its farmers at the mercy OF the bears and the
to reinforce its depleted holdings and broken and demoraized the
markets everywhere. There will never be a weli-sustalned cotton
market SO long Is the mills and the producers are the only elements
represented. High markets are always based on speculative buying
and nothing is truer than that it is the middle men, or SPECTATORS
the men who follow the laws of trade and buy for gain-who carry
the surplus and sustain the rices.-Aberdee Examiner.
From reading the above, one would conclude that the buying and
selling of cotton futures in the South had been absolutely prohibi
ted, when as a matter of fact it is being carried on about the same
as ever. We arr aware of the fact that there has been an organized
and a labored effort made to create sentiment in the South that
would arouse opposition to the Scott bill before the I. S Senate
which is said to be intended to stop dealing in cotton futures. So
we'll organized has been this effort that "ready-made" editorials have
been prepared and sent broadcast over the land with the statement to
the newspapers that they "can be used without credit" Those, in
our judgment, that are suffering themselves to believe that the pres
ent low price of cotton is because the speculator has been shut off,
are hoodwinked. Certainly they are easy marks when it comes to
taking an emetic prepared by one antagonsic to you financially. Let
those who think this way, answer what forced cotton to q and s
cents in 1894 and 1895. The truth is, the Spectator is in the market
without any regard whatsoever for the farmers interest. He is a
"bear" or a "buH" as best suits his interest. A speculator may be a
bear" this month and a bull next and vca versa. The Spectator
is a fifth wheel in the cotton world that gulps down the profits that
naturally belong to the farm. 1t true that the spectators machi-
nations may at times inure to the farmers benefit, but it is only the
accidents of trade. The world must have the farmers cotton, and
it would be better for the producer to be relieved of that see-saw ell
ement which has no regard for his welfare, and let the cotton market
adjust itself on a safe and sane basis The team that is first baking
and then kicking and running away. does not long have the same
owner. PROFESSIONALLY there are many future deals made which
are not gambling. but IS stated to us by a prominent cotton man
some time ago, where there is one deal of that sort, there are fifty
that are not. and it was his judgment that it would be best for the
farmer that future dealing be prohibited.
The farmer has been trying the speculator long enough; let:
have him cut out for awhile the farmer could hardly fare worse
without him.