Pine Bluff daily graphic., 1917-11-07

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+ho nroducer. The new troops tnan 4o I live in houses because of the sdi;siculty si of getting canvas for tens, d,t d, to the inability of mills to turn It nut on time. 4,o oo++o, ,,,o,,, :. .at,,r;ng am industry has been immense. 1actu snindles increased a million kunn."e en,arter during the last year. an anu co,th this year may manufacture .sr ims IOOO, ,OOO bales of it's own cotton, over nerease e of almost 100 per cent in an .ns ,,aars Present demand for goods SIX l:rSt employ even a million or more nnidl5S;at;onal spindles. aou1lhi M1;1l this state of affairs end with the " VI Perhaps SO; but very likely not. War Tho notentiality of cotton's position .vtands far beyond the war. This is s .hs lesson of history. At the first mv smnvnd of guns gold flees to cover and, soune ssoouunersely. cotton, gold's twin broth con as tonal constituent of commerce, endars CT aS E on stagnant trade sea. As lN N.d;t expands, gold cheapens; cot advances. First concern is for .ond .on sand properly so; and cotton pro- iov4; "s4;on M declines and clothing products oeI After peace food readjuustment will l s;mnle matter. Food can be pro- 1v 1voad anywhere and transit from farm to fable is generally an easy and qiuck nrocess. Clothing readjustment will Se difficult and complicated. Raw ma tsr;al in quantity is confined to a com- .rsoratively few localities, more than palf of it coming from our Southern a4atos alone. From farm to back is a l tedious process:
 Though the South is leading the ,,orld in volume of cotton manufac- !,ras "v if looks to other sections and sanntr;es for much of it's clothing. Cloth 1 is shipped East and repurchas- ed bleached; yarns go to Switzerland and return in the form of faces. Prior ot 1914,as a nation, our cotton goods ;mports exceeded exports. We are st;Il importing at the rate of $5O.00O.- oO0 worth annually, chiefly from Great
 nesnite the activity of the mills, the worlds supply of clothes has been and ;s ' decreasing. The British fleet long aoo silenced the spindles of Germany and Austria. Already there is an ac- cumlated demand in General Europe tantamount to 5000 ,OOO bales of cot ton; for clothing needs, unlike thse for food, can accumulate.
 The cunning Japanese have taken advantage of the situation to make fierce inroads on the textile markets of the Far East-markets around which dominance of the Pacific revol- yes. Their purchases of American cotton have nearly doubled. However, though they are consuming yearly more than two millions of bales. less than half million are coming from us We buy much cotton goods from Japan and sell them none. Our cot ton goods trade with China has fallen from nearly $S0,000,000 to less than $l 100000 in little more than 9 de- cade. We have increased our cotton goods exports to South America by only few millions; btu the total of cotton goods exports have doubled
 in three years, amounting now to more than $125, 5,0O0,OO0.
 We hold position of immense ad vantage, with reference to the after the-war markets. For the present, the world is dependent on us for raw cotton, and this dependency will con- tnue for several if not many years following the war. Our mills are in superb shape to enter the struggle for world markets. However, the Brit ish have fought as valiantly to hold their textile trade as they have to maintain their place on the Wetsern battle front. The loss of that trade would be an almost runious blow to the empire. They have retained most of it. V
 Peace Will Increase Value.
 In that commercial war of peace, for which all countries are at least mconscously preparing, no trade will be so eagerly sought as that of tex piles. For which that trade goes po- litical and financial dominance. Its reorganization will rest upon the South's raw product. Peace may af- rect other products adversely but can only enhance the importance of cot ton.
 Cotton's great utility power is in mat 1t has virtually no substitutes. wool is disappearing utility, silk and lax n are negligible in the aggregate. votton can serve their purposes. Be- s9 ,ow cotton there is only-nakedness. Selther the animal nor vegetable king ooms can suggest a competitor and scarcely rival.
 The New England farmer, as has Oeen said, could cultivate it profitably