The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-01-13
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(By Henry Clews & Coz

The most noteworthy feature durinl
the week was the improvement il
general sentiment, and as conse
, quence a broadening of operations
There Is more interest shown on the
part of people who usually pay no at
tention to cotton, strong appeal ap
parently being made on account of the
price of the staple and the fact that il
is still below the cost of production
These two factors have exerted a great
influence in favor of purchases for a
long pull and many contracts have
unquestionably been taken out of the
market for the time being. There is
also continued good buying of con
tracts by Liverpool and the Continent.
One of the chief factors in favor of the
derstanding of the new contract which
demands a high grade of staple, and is
undoubtedly checking hedge sales that
ordinarily would have been made
against cotton that grades low. There
| is much talk of exports being cur
| tailed on account of the current high
| ocean freight rates, but foreigners
continue good buyers Of the actual,
and with cotton selling at between 90
and PC in Bremen as against Sc and
below, here, it is not likely that high
freight rates will interfere with pur-
chases for some time to come In a
recent report of the bureau of foreign
and domestic commerce, the Ameri-
can ambassador at Berlin is quoted as
saying that it is not a question of how
large the market for cotton in Ger
many is, but how much cotton can be
shipped to Germany. He estimated de-
mand in Austria at 100000 bales. Italy
is also prepared to take a much larger
quantity than heretofore, the Ameri.
can ambassador of that country claim
ing that at least 100000 bales can
be sold there as against very much
less amount in former years. The real
trouble so far as the export trade is !
concerned lies more in the lack of |
transportation facilities than in the !
cost, but even with this handicap, ex-
ports give every indication of increas- |
ing, and they apparently will increase
up to the limit of our shipping capaci- |
ty.
AS was to be expected, the acreage
question is receiving more and more !
attention, and all trustworthy advices |
from the South on this point are being
eagerly sought One of the most sue
cessful and progressive farmers of |
Georgia writes that in his opinion the
acreage will be cut fifty per cent, |
while there will be Il decrease in the |
per cent. He says, 81 never saw such |
a change in agriculture in all my life. |
1t seems as if the whole cotton belt |
will be sown in grain" There is no
Disgusting the fact that the southerner
has an inherent love for cotton and |
from an agricultural standpoint he
probably knows little else, but if he
gives his whole attention to it this
year it will unquesctionably mean a
poverty-stricken south. The present
prices for cereals and other food-stuffs
compared with the low price and big
supply of cotton constitute a strong in
centive to diversitication, and there is
little doubt that the cotton farming
community as whole, cognizant of
real conditions as they exist, realizes
that one-crop farming this year means
versifed farming will bring increased
fertility, higher credit and much bet
ter financial results.
The market developed a reactionary
tendency during the week, the possi-
bility of which was suggested in last
weeks review. At the decline, how
ever, new buying was encountered. re-
sulting in continuation of the upward
movement Although the undertone
continues firm, the market is begin
ming To present a more two-sided as
pect, which is quite natural when the i
of the advance is taken in
to consideration. Everything consid
cred, however, there seems no reason
to change our advice to buy on the
reactions, although it would appear
equally wise for the time being at least
to accept profits on the strong spots.