Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-05-05
50 CENT CorrONs GIVE Us A FAIR PRICE now.

Upon the heels of a New Orleans private estma
of an actual cotton acreage reduction of only 10 p
cent comes an interview with New York broker, WI
has been on the bear side of the market that cotton
be selling at so cents per pound before the new crop
put on the market This man, who was speaking Wi
en- Atlanta Constitution staff correspondent in Ne
York. is said to proted largely by bear operation
in the market during the last few months. He is said
be Southern man by BIRTH who knows something of Il
cotton industry Here what he is reported to have
in reply to a query what he based the opinion TIM
cotton would go to so cents:
Before the next crop is on the market, cotton
will be selling for so cents pound 1t is the opinion
of the most conservative minds on the
change, and it is based upon the an
ticipated European demand when the embargo has
been raised as it must be automatically by the official
declaration of peace and the further fact that the
shipping board has planned to release sufficient num-
Der of bottoms to adequately handle the exporta-
tons.
1.-The crumbling of the industrial board the pet
scheme of Secretary Redfeld that President Wilson
very reluctantly sanctioned is another factor That
board was ostensibly intended to regulate prices,
however adroitly the promoters may have camou-
tagged the real purposes. That has been disturb
ing element, of course, and would have remained so
so long as it was a factor, but the death of the
scheme together with the political death of secre
tary Redfeld, brings necessarily fresh impetus to
the market
Another factor is the reduced acreage that
good judgment and inability to secure sufficient fer
tli2ers of the proper kind have forced in the grow
ing area. Reports reaching my Office are that the
cotton growing acreage will be curtaed by at least
25 per cent. in bringing in the next CROP and that
much of the cotton that has been prepared has
been without proper fertilization and nothing of
consequence in the production is anticipated. The
1920 crop is forecasted by Wall Street as the
smallest in ten years. and the cotton farmer who
plants one where he planted two last year with
make real money of the one than he did of
the two.
THE New York exchange markes IL purely hc-
titious one, far as delivering and accepting Of
purchases goes 1t is speculative Ia gs zaost super
lave sense. The buying and selling il TIE pittlng
of gambling strength ag&in2t gambling atFeagth;
With the slightest market insaeaees based ire
Gueptly upon rumors that would not he accepted ia
airy stabilized business running TIE speculative aer-
cny up and down to the extent Of making the pau
per rich, and the rich pauper H il confidently
expected that the incoming congress viii regulate
the speculative trading on the New York and New Or
leans exchanges to the extent that much Of the cf-
uous trading will be eliminated In that event the
untramelled law of supply and demand will enter
into cotton trading in the present status Of the
worlds necessities for the next season at least win
push the spot prices up to new high water mark
This idea to the next congress is based upon the
u y. T. desire to make political inroads into the
solid democratic South; and the republicans are 60
ing 10 play the game from now until the 1920 cam
paign designedly, fearlessly and | might say I'M
scrupulously. They have only one purpose to serve
and that is to get control of the reins Of govern
ment that they lost for the second time since the
war of the COS, when Woodrow Wilson was elected
in 1912. And to get control they are going to play
without sectional favoritism, smashing ideals and
building idols whenever and wherever such pur
poses can, in their judgment be served
All of which is very interesting It sounds good
the cotton producer and maybe this broker will Prov
true prophet But whether he does not, should cot