The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1919-08-14
Minimum Price for Cotton.

EmSri( an Cotton Association, tnrOuSIt
Confidential representatives, has becl
securing Inside information from the
cotton consuming centers OF the
North and from the New York EX-
change for quite some length of time.
Much of the information secured is
very valuable.
A mammoth mass meeting will be
held in the early fall for the purpose
of discussing and recommending a
minimum price for the growing crop
based on supply and demand and the
comparison in prices of manufacture
ed products and their commodities,
also the matter of acreage for the
coming year will be seriously consid-
cred. The farms will be operated on
a business basis and only such ac-
reage will be planted as based upon
supply and demand will bring prof
liable price. Under no condition will
the acreage be planted to establish
surplus to bear down prices.
After this meeting, confidential IN
formation secured as stated above,
will receive the most careful consid-
GRAFTON and attention investigation of
the flagrant manipulation which has
been practiced in the cotton mar ket
will be made. AS result OF this
manipulation the South has suffered
the loss of millions.
One of the leading bankers from
the wealthy Western section recently
stated:
1--WE would be delighted to loan
money on your cotton as money is ex-
tremely easy with us but 1t is an
absolute tool for the manipulation, the
prices being flagrantly and violently
manipulated at his own sweet will,
so that cotton is really considered as
a gambling product. and in our sec
ton of the West it is considered un-
safe for handling by the banks. You
should do something to stabilize
your prices"
Dry goods, today, since the break In
the price of cotton, are still advanc-
ing. it being impossible to have or
ders filled without delay. 1t has just
been stated that 1t will be necessary
to allot mems underwear on account
of the great shortage of the manu-
factured product. There will be a
record breaking demand for cotton
AS soon as the Peace Treaty has
been confirmed the manipulation will
be denied one implement that he has
used to beat down prices and caused
the South fabulous losses, as Ger
many cannot buy pound of cotton,
even with gold, until the Peace
Treaty has been confirmed.
Exports who are working on the
cost of production of the growing crop
find that it will be the most eXpen-
sive crop find that it will be the most
expensive crop ever grown. One lead
ing expert from the South, Mr.. Nor
rison, of New Orleans, a recognized
authority. rendered a detailed state
ment including every item showing
the cost of production of the growing
crop, basis middling, of 47Rc
pound. With the present shortage of
labor, the percentage of off grade
cotton from the growing crop will
probably break all previous records,
as there is certain to be great deal
of trouble and delay in gathering the
growing crop, which will be bound
to cause off and low grade cotton.
Much of the information in pos
session of the Association shows that
the laws Of supply and demand are
absolutely ignored. The initiation of
the currency which is as unchange-
able as the low of gravitation has no
bearing. However, these laws cannot
continue to be violated. they will as
sert themselves eventually. In addi-
ton to this, watch the condition of
the growing crop from August 18th
to September 1st and you will see
record breaking deterioration. The
cotton plant in its present condition
cannot stand reverses, neither can
we spin paper cotton, bollies, or rot
ten, which are included in the pub
lished surplus.
The laws of God work slowly but
surely. Truth crushed to earth will
rice again. These laws cannot be ig
nored. True, some manipulators have
gone unpunished for 10, these many
years, they may change and contro-
vert and dodge the laws of man, how
ever, remember that they cannot
change permanent supply and demand
nor can they change permanent fla
ton; hence, in the end you are bound
to see prices something like what
your cotton is worth, regardless of
this hellish manipulation, and this
price is bound to be above any price
for which it has sold, certainly since
the commencement of the war, and
In all probability, a record breaking
price. Do not become intimidated,
frightened, brow-beaten, we are no
towards, knaves, or fools, and we
are certainly entitled to square
deal.
The organization of the American
Cotton Association is the only guar
antee that we will get square deal,
that the fuure will be protected that
present depressed conditions will be
obliterated, the South will come into
its own, and be the most prosperous
mart of the entire nation We have