Imperial Valley press., 1914-11-10

is not stranoe we have one md I'll taken wrong per-
speotive Of the siuaaan and many have become pessi
mjsts without cause
FRANKLY ard Ilq .s da41ra5Ie that conditions in
Imperial Waev he summarized thet we may know Iusg
how large orhow small Gle aae8n of mto#ard afaiI5
IS that we carry.
The cotton croB Of Fn1rnss1 vaIav in t1a United
States and Mexico combined. amounted c about 10000
acres Of which ahcuJ a-aaE was II oac1 0t the tEo
estimated yield Of so 00o bales Of lint hen wort
l3 cents pound and having ot valuation Of 3994000
The seed from this cotton had value Of $4,000 making
i total valuation of 259CC0.
Since the war the ins has sbrunhen IN value s. l800
000 counting the average price at cents leaving present
value Of the crop $2530Q30
Il is impossible to state how much money the cotton
growers have actually received but it is believed they
have borrowed from banks and others least half the
present value Of the crop, or million and quarter
dollars.
It will be readily understood tb8t this condition has
tended to make money tight Wt}coJCn growers and 5at
all lines of business have been somewhat affected by Che
cotton situation.
But taking cognzance Of all The principal factors ii
The cotton situation thew stand ont as follows:
English cotton mills are operating usual but have
been buying lightly because Of the unsettled condition.
and are ready to import usual SO soon . the exchanges
are re0pened and the market is Te-e5tatIlsEed.
The French situation IS mueA the same, though net
quite SO favorable
The exchanges are ezpectaa-to be reopehed within
4 ooo is nearing complexion u dvanee 00o
in loans the Southern cotton crop and Los Angeles
bankers are formng,a $50QQ00 pool to lean GA The ln
peIIal county crop.
Throughout ell the Southern states there is move
ment to hold down the acreage Cf the next crop to
half OF normal thus reducing the Yield by seven million
bales and preventing the surplus continuing over another
year.
In this valley it is believed The acreage win be less
than half that Of this year
In all Europe the c0nsumntve das tructon of cotton
N the way Of army uniforms and tents saonolnal and
SO soon as supply and demand can nd their balance there
Will be an especially heavy demand for cotton.
That these factors win tend to raise the market price
and lead to the rapid movement Of the crop not held
lnder the pool loans is generally believed
In all industries there are liable to be seasons vh0ut
profit and that is about the worst that can be said of he
cotton crop in this valley.
Great Dairy Industries.
But large this cotton crop appears from the above
summary, there are 100000 acres in cultivation In Ina
peria county Of which but one tenth is devoted to cotton
growing.
The great portion of the remaining niaeentb of the
acreage is devoted to five other great industries, day
inQ cattle raising hog raising sheen raising aud barley
growing and The Press does hesitate to say that there
tas never been period place when the outlook o1
these industries was brighter than il Is now in Imperial
valley
Wealth is now pouring into the valley through these
channels and must come farmora rapidly as the months
go ON.
One of the greatest of dairy REGIONS in the world
try quantities of cheese and butter have been
ported to other European sections
Australia had begun fo export butte To ta.s coast
but is now dyertng ITS main shipments to England and
France to make good the shortage the Supply and Cali
aoIna. 1t is believed will have 40 occasion fear this
competition while Che HCmbus who will lha W1
eXDcs1ols the coming year will make great increase m
the consumption.
There has BEEN steady increase in Tile number 6f
dairy in Che valley while he average quay of the
stock las been improved immensely,
There is no great dairy country ia the world Hit ~
noted for stability and prosperit mdths industry hare
is no exception to that ia Other countries III oua The
lines of industry which cam wen go ON growing n3afr
lave Stock for Food
We have for years heard n America THE st0rv af th
gradual disappearance of tle oea 81 yhc dccgeaso pe
C1NTNUFD on ttca