The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1914-10-27
GREATEST NEWS ITEM FOR SOUTH
SINCE EUROPEAN WAR BEGAN
Light Begins to Dawn Upon the Cotton Situation. Ship
ments Can Be Made on the Seas, and English Already
Have Money Here to Pay for the Crop.

The raising of the embargo on cotton, the making of
cotton non-contraband of is the biggest news Item
that has to the south since the declaration OF war;
about the first of August Great Britain and France
troll the seas these nations have given the United States
to understand that cotton be shipped to any country
in the world and is not subject seizure the rules adopted
by these nations extremely liberal and permit cotton
shipments to be made to Germany and to Austria.
While there hav been some dangers lurking to cot
ton upon the high yet the shipments to European
mills have been handicapped so much from this dan
ger from the inability of the mills to make payments for
cotton European paper would not be accepted here be-
cause it was not known when it could be realized upon
Credit made bad by uncertainty Shipments OF money
have been made too hazardous for men to risk all they
have upon the seas.
Necessity of Price Stability.
There was still another why cotton did not
sell readily in Europe This cause was based upon the u-
stability of the price. The London and Liverpool
changes were closed the American exchanges were
afford to buy until ' Society ID reached the
bottom One spinner using cotton .ost ten cents a.
pound could not compete with other spinners who pur
chased cotton at eight cents pound Fear of the wreck
ing of their business kept them out of the market
The bugaboo raised some weeks ago in communica-
ton from Great Britain to Secretary of State William
Jennings Bryan in which it was stated that England
would conne her cotton purchases to her colonies
passed American cotton is used for different purpose
than Egyptian cotton and there is demand for the
American product Egyptian cotton is not sufficient I'M
quantity to meet the demands of the European mills and
again American cotton is in demand At the beginning of
the conflict the English mills had million bales of cot
ton This cotton has been used practically all of it,
and the mills ready for purchases to be made.
Visit of English Financiers.
We have shown how cotton can be shipped without
danger of oss have shown the demand for American
cotton abroad and the thing left to complete the
deal is to find way by which payments be made for
the staple Sir George Paish and Basil B. Blacket repre-
sentates of the chancellor of the eXchequer of the
ish government in America These great fnan-
ciers have here seeking termination of the invo
untary international moratorium that has been enforced
by the European struggle They seeking to revive an
international exchange of money and products. The bal
of business credit at this time is in favor of the Eng
lish Counting the debts which Americans owed in Eng
land when the war began and adding to them the maur
ties since then find that this country owes the
English people $2O0O0O0OO England wants part of the
sum In god but not necessarily all OF it. When cotton
and wheat the waters the balance of trade
will at least be and possibly balance would be held
in favor England wants both wheat and cotton and
the portion of this vast of money be paid in
cotton When the movement begins land there nothing
unless is giving the product stability of price that
stands in the way of the immediate movement of cotton
the foreign demand will bring the price of cotton up
When American spnners the crop leaving Shores
they will Stfen the price that is being paid by the do
mestc mills These British financiers hope to open the
exchanges of the world and in that restore stability
OF values that will permit active trading.
When the mills make large purchases of cotton they
protect themselves upon the exchange. their purchases
become lower in value they have profit the exchange
and enabled to meet competition of the mills which
bought at a lower price.
The paying of the English debt in cotton will move at
least large portion of the American crop.
The moving of the crop will naturally bring an en-
hancement in the price of cotton.
We have suffered for two months because we were
in the dark.
Light begins to and America finds it has prod
uct that the world must have.
With all haste every bale should be ready to move
when the demand is here
Industry in gathering the crop, patience in waiting
for the cargoes to leave proper treatment of creditors
to hold local confidence being busy charge wrong at
the hands Of neghbor will solve the cotton problem