Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1918-12-19
$4,000 BALES
HELD HERE FOR
RISE; % CENTS
FORLOCALSPOT

Every cent that the cotton market
varies nowadays means $65,O0o 10
Sumter county And the market now
being on the rise, it means that every
cent per pound added to the price be-
ing paid for cotton adds $4,000 to
the value of the cotton held here un-
sold awaiting higher quotations.
The local spot market today reached
20 cents, a gain of cent over yester-
day. This represents net gain OF
IL cents in a week and IL cents
since December 2, equivalent to an
increased value of the cotton held of
over $275,OOO.
These figures are based upon the es-
innate of cotton men that about $4,000
bales are now held unmarketed in To-
cal warehouses. This represents prac-
tically one-half of the 1918 crop of
Sumter county. The government gin
ming report for the county as issued
yesterday by VIM. P. Persons, showed
24,932 bales, ginned up to Dec l. Cot
ton men assert that fully 80 per cent
of the crop in the county has already
been ginned and placed in warehouse,
which gives total production for the
county of not over $4,000 bales At
today's price this is worth $5,220,O00,
exclusive of seed.
Cotton men are very hopeful that
rrie expected rise has begun in ear
nest, and that, cotton will pass 80
cents very SOON
L. G. Council, who operates one of
the largest cotton warehouses in the
South, declared today that he was an
ticipating a good rise in the market
just as soon as the world began buying.
ct is only matter of ships" he
declared. when the world starts
bidding for our cotton, and can get it
delivered we will get more for it. I
look for the market to pass 80 cents
soon, and it may get to 80 cents event
ually. I do not look for 40 cent cot
ton, such as some men are talking,
and 35 cents is doubtful We are too
much dependent upon the northern in
terests, where the money is, for that.
Brains and money can control any
commodity, and we are in large
measure dependent upon the bankers
of the north in handling our cotton.
However, with the short crop and the
world demand, we are going to see a
better price for our crop"
Chas. H. Burke, who operates the
Commercial warehouse, takes a sim
liar view of the situation. eve are
going to get better money for our
cotton" said Mr.. Burke today when
enough ships get to carrying our cot
ton to Europe more money will be
laid for the crop. I am expecting
the market to reach possibly 35 cents
when the movement starts in earnest"
Thos Harold, of Harold Brothers,
expects the market to remain steady
for the present, with no sensational
advance, and probably no serious
breaks, until after the holidays, when
if the European movement increases
80 cents or better may be realized for
local cotton.
'The ginners report, showing gin
nings up to Dec. IS, which will be is
sued tomorrow. NAV influence the
market somewhat said Mr.. Harold
IF the report is lighter than expect
ed we may get sharp rise at once.
but ii it is higher than for the same
period last year, this would be con-
strued as slightly bearish and ces-
sation of the present rise would prob
ably result"
Asked his opinion about the pros
poets of 35 cents cotton, he declared
he did not look for that price to be
realized
We have good many orders to sell
at 20 cents" he declared, "a1d / think
considerable number will let their
crap so when that figure is reached
II is the opinion OF other cotton men
also that when the market passes 80
cents there will be considerable sell
ing. as many farmers viii be satisfied
70 take that price. There are HisHJ.