Pine Bluff daily graphic., 1914-12-13
HEAP COTTON IS
 [ENACE TO SPINNER
President of English Associ- |,tion Warns Mills Against Forcing Down Price.
New York COmmerciaD

(New York CommerciaD
 The necessity of maintaining the
 nrice of raw cotton above the cost
 < nroduction so as to insure a supply
 oual to the demands of the spinning
 trade was pointed out at the annual
 meeting of the Manchester Cotton
 ,sociation on November "A, by it's
 nresdent, T. A. s. Hobson. He de-
 Jared that if cotton culture Is not
 ept profitable to the planter the tex
 dle industry will find itself strpDed hI some time in the future, not by
 lack of orders, but by insufficient
 supply of raw material.
 "There is no question in my mind"
 aid MT. Hobson. "that American cot
 ton touched price far below the cost
 of prod,ction in fact, today's price
 of say 7c to sc per pousd, will no'
 live a return to the planter, and
 though, as a general rule, I am
 against the artificial bolstering Up of
 markets, either by governments or large financial houses or by associa- lions, am convinced that if the
 American farmer does not realize lemunerative price for his crop-and remember cotton is the only cash crop of any size in the South-he will be unable in the future to providc the faw material upon which We all de |Ypend. Wars do not last for ever, an' lotion will be required in ever-in Nreasing quantities to provide for the nstural increase in the worlds popu- lstion. Financial help to hold a snr
 yus government decrees limiting bereage planted, are merely temporary itopgaps necessitated by exceptional Circumstances, and may serve a good purpose to tide over a period of wo'' but in time the laws of supply and de- hand will assert themselves. Thus We must not desire prices below the cost Of production to the grower. or we may be faced with a ye.,c when the mills will have to stop, not from lack or trade, but lack of material
 Mr. Hobson said that the question ot falsely packed American bales had ben taken up with the United States government and that drastic penal ties had been urged. II has been Suggested that baling of false packs fshould be made a penal offense. The number of fraudulent bales had be- come so large as to call for action. Calling attention to the increase of l direct shipment of cotton to Man chester Mir. Hobson said that the quantity of cotton of all descriptions landed during the season amounted to |762165 bales, an increase of 39,2OO bales on the previous season. Amer 1 ican cotton accounted for 530,6O1 |bales. The imports of American cot |ton into Great Britain showed de- crease of 10S,263 bales; therefore, MancheSter's increase was encourag- l ing, particularly so when it was re- membered that owing to the inferior quality of the past seasons crop, many spinners had acted very cau- tlously in regard to eff. purchases. The percentage was 15.1 against Al per cent last year. The imports of Egyptian cotton to Manchester amounted to 229,194 bales an increase f2l.923 bales Manchester mad re- celved more than one-half of tEa i;ll- ports into Great Britain destined for local consumption.
 The association had co-operated Wlth various shipowners to maintain regular and frequent sailings from Galevxtson5 .lR-fi k Silk
 Galveston, New York, Boston, and savannah, as well as from Alexan- ana In New Orleans, however, they rad had tie difficulty that certain snlpowners had consistently fndeav- cred to kill these direct sailings to manchester by offering exceptional rates for cotton via Liverpool.
 Of the American importations 33,- SsS bales were landed in a damaged condition or e.2 per cent of the total Mportations of American cotton landed at Manchester, compared with is'SS6 bales, or 3.S per cent last sea son. Country damage accounted foi oz'S2l bales, and Galveston was re- sponsible for no less than 29,523 bale; UT Sc per cent of the whole, of the country damage, landed at the Man Saester docks during the past season sea damage accounted for IFS bales sad na fire etc. damage for 297 bales me committee had taken this matter upWith the Galveston Cotton EX' M4ge, and in view of the large auaallty of cotton held back 1T america this season and the prob sulllty that country damage might bf very prevalent. and also the marine .nsurance companies. had ben com Munlcated with upon a more thor vugr Inspection of the cotton by thf insurance companies agents on tht 0'ner side prior to shipment.
 Snlldren take BILLIARDS HORE AVJjNn CVDTyD xxyi11i,, r1x hQn0nGQ l