The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-07-30

American af1oat for Europe. 435.896
U. S. Port stock. -. ;. 1,25S,4S4
Z. S. Int stock :. :. :. 1,027,23
Z. S. Exports today. :. 1885
Total American 10, ,4VS,54I
This visible supply will. of course,
be very materially reduced at the
present rate Of consumption before
the close of the present cotton year
ending July 81, 1919.
Total amount Of cotton car
ried over from year closing
July 81. 1919. into year
opening Aug. 1, 1919 1000
Production of cotton from
growing crop as shown by
government estimate. ap-
proNimately :. -. ..1o,96O,0VO
Total ..13,660,000
A painstaking investigation con-
vinces us thai the countries named
below will finance and consume the
following amount of cotton; howev-
er. this Ionly represents the press
ing and absolutely necessary demand
which amount will be consumed as
shown:
Bales
United States will REQUIRE. Q 100000
Europe will require. ..1G.00o.0O9
Other countries of the world.
including Japan. will re-
quire :. 2,50o.000
Total absolutely necessary
requirements ;. 21.Ooo,ooo
This will show shortage in
supply of :. ;. 100000
(see paragraph following headed
Important which swells this to-
tai to 9,O50.0Oo bales.)
In this estimate we have shown
Europe far below her requirements.
Europe shows shortage of cotton
Bought in the last four years as COM
pared with the previous four years
of 15.s35.437 bales,
Japan will certainly make a desper-
ate effort to secure an amount Of raw
cotton far in excess of the amount
consumed during the present year.
Important: In the above estimate
we have shown the government eSti-
mate as to the production of cotton
amounting to approximately 10,96o.-
600 bales With information before us
as to the abandonment of acreage we
find as a result of very careful in
vestigation and recheck that the
abandonment is 8 1-2 per cent Tee
tho
lowest in fourteen years. With inlor-
nation before us as to acreage and
condition. we consider a crop of 1C.-
900, 900 bales liberal estimate, and
taking this from the government es-
innate, shows a difference Of 800
900 bales Adding this amount to the
above shortage in supply of 7,54o.GbO
bales. makes total shortage before
the 1920 crop becomes available of
100000 bales.
Concerning the visible supply Of
cotton shown above. which enters
finally into surplus. it is the unani-
nous opinion of Our experts that the
visible supply Of cotton would be
enormously decreased by an actual
count This Of course. is caused by
llnSpinnabe cotton. and also by rot
ten cotton due to enormous amount OF
cotton being exposed. entirely unpro-
tected. during the past wet winter as
a result of the acute labor situation
and congested conditions. 1t is esti-
mated that the decrease from these
conditions will amount to around 750.-
900 bales. This added to the short
age of 100000 bales as shown
above. will make Il total shortage in
supply Of raw cotton. as compared
with the pressing demands. Of $3.50.
600 bales
We find that regardless Of the fact
that Europe purchased in the last
four years 15.a35.43 bales Of cotton
less than for the previous four years.
the amazing fact stares us in the face.
that there is still 100000 bales mors
cotton actually consumed from the
four last consecutive crops of Am",i
can cotton than WAS produced. The
trade is overlooking these startling
facts. According to the latest figures
obtained from the department Of a;s
riculture in Washington. the woEl.ls
production of cotton for the last fou;
years shows an enormous shortage "s
follows:
Worlds Productions:
1915. 1868, 900 bales
1916. lh,o?3.oVV pa!eS
1917. H. 0.00o bales
1918 tShortage even greater than
shown above Exact figures not yet
compiled.)
The worlds consumption for the
last four years has exceeded she
worlds production. as follows:
Worlds Consumption:
1919 .1a. &c 900 bales
1916...,. :. ..2l,Q11,000 bales