Arizona republican., 1916-11-26
HIGHER PRICES FOR EDITIONS
 1T ALL GRADES

The following from Pearsalls Mar Ret Bulletoin, New York, showing why short staple cotton should sell at 25 cents pound will be interest ing to long staple growers. who will mark that by the same process of reasoning. Mill buyers of the best grade of Egyptian cotton. now bring ing 53 cents. could afford to pay 70 cents.
 Some little time ago a man from Pearsalls News Bureau interview Mir. R. \. Castles as to his views on the value of cotton. At that time MT Castles expressed the strong convic ton that cotton would sell at 20 cents before Thanksgiving day and might so very much higher later on, possi- ply touching p cents b efore spring. His 20-cent prediction has already been borne out by an advance of all old crop months to beyond that level. Therefore. Pearsalls again sought Mir Castles at him home, and asked if he cared tp again give his views on the subject of the value of cotton. We print below Mir. Castles answer:
 T have not changed my conviction as tO the value of raw cotton. It appears to me to be slowly cornering itself. Tc sum up briefly. the farmer Is to day the master of the situation and finds the textile industry of the world looking to him for material with which to make goods, there be- ing an unsuitable demand for the lat ter at unheard of prices. If the farmer has good common sence, and l relieve he has. he will hold the bal ance of his crop. putting a minimum price tag on it Of 25 cents. He will find the spinners disposed to protest this figure for brief time, but will soon see them anxiously absorbing every bale he holds at this and prob ably much higher prices. In fact, the demand is greater than the SUD- ply this cotton year. The farmer need have no scruples aout making the most of his opportunity. as he will not working any hardship on the mill men, who even now can make big money on the basis of 25 cents for raw cotton. Many farmers. 1 feel certain. are not fully posted as to the extent of the present wave of infla- tion and hardly realize the true value of their cotton. However. the farmer oi today is net like the farmer of 15 or 70 wears ago, when he was at the mercy Of the merchant and banker now he does not have to sell except on his own initiative as he has sold the big end cf his crop at good prices.
 
 out as long as he plcases on what is lctt We see the world importing from America more cotton this year despite the great advance in prices. than it took last year at the lower prices. This is due to an endless de- mand for goods at prices showing onoTcmus profits to the spinner. Furthermore, the great armies O. Europe are chewing up all kinds of cotton goods on ratio of four hun dred per cent increase per man. as compared with the demand in time of peace Many foreign. as well as do- nestle spinners. can now make a nrntit on the basis of 25 cents and higher for raw cotton This being true, why should the farmer sell at 3N cents what remains in his hands? |? Egyptian cotton has advanved to B cents a pound ard the mill buyers for that grade of cotton can pay 70 cents and make gsed money Very many people fail to realize that cotton k both peace and war article and the world cannot get or without it. Should peace TOW be declared cotton would jump 4 or cents. as al Europe is Practically bare of cotton and would have Go lay in a big supply in order to reopen it's textile industries for purely commercial outlets Should America erter the great war, cotton wouh advance 10 cents rapidly as our newly made army would have to be equipped with uniforms, overcoats. blanl cts. underclOthes. tents, etc, t7uificient wool for this purpose can not be had) requiring enormous de- mand for 11- raw cotton at time when 1t cannot he spared for that purpose. I dc not. for the life of me, understand why cotton should not asssr. itseLL and seek it's normal posi-