Arizona republican., 1916-11-26

tion in relation 10 other commodities l for cotton is one of the greatest
 world commodities of all raw mater- 1 ials. We find the copper men get | ting nearly three times the former 1 price for their metal and we all know about the sensational advance in the | price of paper throughout the world. Wool has advanced to upheard of levels, linen is almost unobtainable; silk is a scarce article; indigo is sky high; wheat is virtually at two dol lars and corn at one dollar; beef, pork and mutton have almost been eliminated from the diet of the poor
 man. leather has scared into the blue: st eel and iron steadily advance despite almost record prices. Cotton
 is up scarcely 50 per cent, the others being up 200 to 400 per cent The linen and wool mills are running out
 of raw material and the cotton mill men are growing uneasy for fear the same will be their fate as to raw cot ton. I think prudent and farsighted mill men will see the importance of 1 the situation sufficiently to protect themselves. Why should not the farmer share in all this great pros peritN as well as other producers ot
 raw material, such as metals grains and meats? No one can say what next years crop will be nor state the price 1t wIl command. We do know there will be gap of nearly eleven months between the present time and
 when new crop cotton will be in sufficient supply to in any degree re-
 lieve the present scarcity There has
 been an exodus of negroes from the plantations to the munitions plants mines, railroads, manufacturing es-
 tablishments, etc; fertilizers will con-
 tinue to he poor mules will be scarce and high. the cost of food stuffs is
 also sure to be way up in the air; so that next years crop whether large
 or small. will be one of the most costly ever raised Mir Pearsan I 1 never felt so confident as to the fu-
 ture of cotton for period of twelve
 months as | do right now, and as
 l stated before cotton seems to be
 slowly cornering itself
 MT. Charles C. Cowan was asked by
 Pearsalls News Bureau reporter fer his views as to the value of cot ton. present and prospective. Below
 We quo,e his reply;
 Gotten has advanved less than
 anything. Present worlds supply is inadequate and prospective supplies tfrom this country are problematical
 owing to the boil weevils, poor fer tilizers. diVersification and exodus of 1 negroes Millions of bales have been burned as ammunition that should b. available as goods .-N~Nv is g~'~r begging in the south Mills can pay | twenty five cents for cotton ana maze ing 5 r. cents for waste, and cotton
 for 3Sls. 64xs0 cloths and mills realiz-
 at % cents. profits are cents per pound, against usual profits of to cents. Yarn stocks are depleted. Cotton can advance much further without bcirg unprofitable to the 1 spinner"
 Various Notes of Interest
 All sorts of ideas prevail as to the amount of cotto nlikelv to be deliv-
 cred on December and on January contracts. Some believe it can be dene only at a loss; others believe
 the south has been selling for several months with the expressed intention
 of making tenders.
 A well known cotton man said late | yesterday. America would soon wake up to the fact that she is over-ex- l porting herself IS to cotton and that the American spinner and consumer for an embargo on further shipments. NoI Q few old time cotton men are
 of the opinion that trouble is piling up ahead the way prices for all sorts of commodities are soaring; others believe we are in a new era and
 that prosperity of a character never before dreamed Of is with us. to
 continue for five to ten years-maybe | more The government crop estimate. to be issued early next month--what will 1t be- Already the cotton trade Is f beginning 10 look forward 10 this important time. for this will be about the last very important report to be issued by the government on the crop of 19fs-l917