The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1917-03-03


should stay that way certainly for g
long time lo eume The bankers, news.
papers. eotton factors. merchants, man
ufacturora aud farmers Of the South
should realize this aud help to bring
il about
The present holders If spot cotton
should uot sacrifice their cotton Of
current prices The world faces a
cotton famine You Who have the
GOTTEN will be- among the favored few
Your cotton is almos, Invaluable hui
YOU must see beyond the temporary
market panic induced by political de-
yclupmpHta and the immluence Of var
Things are not SO bad az then seem
Naturally, spectators are taking ad
vantage Of the psychology of the Sttua.
ton to depress the market and buyers
hold ofl tu help the process along hut
the fact remains that the mills must
have cotton and cotton In fast heCGm
INK scarce when users realize this.
and lind uut that the Southern holder
eft cotton il not to bc stampeded into
letting his cotton go al ans old price
there will b" q mad scramble for the
precious fibre, and the spot holder viii
come into his own
In the first place cotton ought 10 be
high. aside from the supply and de-.
inand of this particular commodity On
long list uf commodities. sOme ot
ahlch have risen over 5000 In value
nm appreciation Of SOC above normal
exists This Is due to the vast prgduc.
tiun of gold. and huge war credits
which of course reduce tho purchasing
power Ut the dollar When money II
cheap. other things are high On this
basis alone eolton ought to- be- worth
not less than lsc basis middlIne, this
beiRg Sos increase on the average
price for the last six years of lie
II la generally conceded that the
1916 II crop Is short There is hardly
any need 60 emphasize this point
Further. this h. the second year that
there has been shortage. The situa
ton Ii briefly shown as follows The
crop this year. including lihters' IL
estimated to b" t"elFe ahd nan ''i.
lion bales. There was carried over
irom the sid crop Including MN stores
In warehouses ana interior towns ana
on plantations 'hf"e ana ohe@aaa''''
million haies ihls gives '"sai ''s'o''
supply of hFteeh ana 'hfee-d"af'eF h''F
lion hh'"s- oi this hdl'lbef ABOUT ''h
million bales nave ALREADY b'''h mar
keeea. THIS VIII leave ABOUT I'VE al'"
thfee~qnarteF million bales stit 10 ~
used. Al the rate thRl tue N''af"a"
mills anu exports nave "''h t"N'Hs
American cotton, II SHOULD require
about seven million haies between no"
aud the time the next crop eoi''eS IT.
M II never hapfehs 'ha' MI INV eo''"s
in sight II available for use one can
see ihr ehoft''oaS shortage 'hat VIII
'Nist tate III the SUMMER VI 'h's 'e''
before tue ne" crop comes W
Nov suppose se do have war and
exports are affected This all be- on
sci by the Increased demand for cotton
goods III the shape of uniforms, The
manufacture Of shells, and ether var
uses IA matter OF fact, Il Ia un'
thlnkable that the German submarine
policy NIll stop the expectation oi
GOTTEN entirely II may limit II such
as II has done In the first few days
since THE submarine policy was put
into effect. bat II will not stop u be-
cause Great Hrttain AZ n last resort
will give armed conveys to steamers
carrying necessities, which includes
eotton II the United States goes into
the war, this would help the exporih'
ton of cotton by the conveying and
4. A. III. a IL Agtlk