The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1914-09-10
Volume 55
COTTON SITUATION
STILL DIsCoURAGING

We are still in the middle of d
bad fix IN regards the cotton
situation, both locally and in d
general ways
The opinion now is that there
viii be i.OOOO00 or 5,OOO, 900 NOR,
hlcs of cotton than there is DE-.
mand for Certainly there will
boz little spinning in France aud
Germany and little in England.
The English mills might go ahead
bat for the fact that the mind
~ England is absorbed hy the
tremendous problem Of saving
the nation = life
Here wc are al the opening of
the season with war sweeping the
world aud with every cotton N.
turt exchange closed
Naturally those American mills
that run are DESTROYS Of securing
tuc cotton at a low figure. so
long as the supply exceeds the
demand there will be- a tremcn.
duus burden on the market and
lhc American mills will gain their
point just how long We shall be-
up against this proposition no
one can tell An depends upon
how long the European war con
iinues.
There Il good deal said a.
bout the planter holding his cot
iun but IA most eases our planie,
rauuot io this II yuu can. that
,s certainly the thing 10 do
Others declare they will not
harvest the crop This will prove
big mistake. too. II carried on;
Ihc one thing 10 do now u get 4
iue crop cut of the field. II possl |
n.r 4 solution 10 the problem
n bound 20 come sooner or later /
Just now there IA a scarcity OF |
money ia the big business ccniers,
HW within q few days big re.
Wus ON wheat viii have begun
in filter INTO this country Part
uf This money. then. eau probably /
Uo secured and nse,i IN improving
'Ir siiuatlOn
several Hickman firms hii up.
ou q plan ihis week which they
have pat into operation. That is
20 buy cotton from parties owing
ihem aud give them credit on
notes aud accounts These firms
ARE allowing 500 per hundred
'ur seed cotton. In order that
rIcking may still 70 ahead 90
.uis plan GOc cash is paid on
alch hundred and the a. is plac.
I'd 20 the growers credit As
Hlc per hundred is the pr.ee paid
for picking this season, the ar.
augcmcnt enables those who care
'l do so 10 get out their cotton
md pay their local accounts OF 4
course. the fellow who docsn {
want 10 pay what he owes will Il
NOT bee very enthusiastic about
'Hc innovation.
a Courier man asked one Of
'Hesr firms what they expected
.u 10 IN ease a man owing only /
$40 presented a bale lor load Of 4
cotton Ia payment OF his account
lu that ease, We were told, a due
hiI VIII be given for the balance
Said due bill win. or should. have
purchasing power at local stores
practically equivalent to legal ten.
Irr But the due bill business
viii adjust itself; and properly 4
treated. is capable of doing a
world of good in business circles.
10 is at once apparent 20 those
who are posted on the situation
That our merchants buying cot
'on are merely taking a shot
n order 10 help the local planter
md themselves. II warehouse
rccipts come into their own as
Collateral, the merchant viii
0e able TO pull through; other
wise, he holds the bag. 4
Therefore, in this stressing
.me, there should be cooperation
among our business interests
.nd farmers. Lat us pail To
'"'hrr. its the only way ont
now Even at best it is bad e.
uuugb