The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1919-08-15
Only Such Acreage Will Be
Planted as Will Bring Prof
liable Price.
TO HOLD BIG MEETING
American Cotton Association
Now Securing Information to
BE Discussed at Meeting in
the Early Fall.

Columbia, S. c., Aug. 14-The
following has been given out by the
American Cotton association:
The American Cotton association,
through confidential representatives
has been securing inside information
from the cotton consuming centers- OF
the North and from the New York
exchange for quite some length of
time. Much of the information Sc
cured is very valuable.
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 manufactured
products and other commodities, also
the matter of acreage for the coming
year will be seriously considered. The.
farms will be operated upon a busi-
ness basis and only such acreage will
be planted as, based on supply and
demand, will bring a profitable 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 of special COM
mittees, and in all probability a re-
quest for special investigation Of
the fragrant manipulation which has
been practiced in the cotton market
will be made. AS a 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
extremely easy with us, butk,D's an
absolute tool for the mani yk9< the
prices being fiagrantly emily
manipulated at his OWNS i'll, so
gambling product. and in our section
of the West it is considered unsafe
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 ad-
vancing, it being impossible to have
orders filled without delay. IL mas
just been stated that it will be neces-
sary to allot mems underwear on ac-
count of the great shortage OF the
manufactured 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.
Experts who are working on the
cost OF production OF the growing
crop find that it will be the most cx-
pensive crop ever grown. One lead
ing expert from the South, Mr. Nor
rison. of New Orleans. a recognized
authority. rendered detailed state
ment including every item showing
the cost of production of the growing
crop, basis middling. of 471a cents
per pound. With the present short
age of labor. the percentage OF Off
grade cotton from the growing crop
will probably break all previous rec
ords, as there is certain TO be a great
deal of trouble and delay IN gather
ing the growing crop, which will be
bound to cause off and low grade cot
ton.
Much of the information in posses
sion OF the association shows that the
laws of supply and demand are abso-
lutely ignored. The imitation of the
currency which is as Interchangeable as
the law OF gravitation, has no bear
ing. However, these laws cannot con-
tinue 10 be violated, they will assert
themselves eventually. In addition
to this, watch the condition of the
growing cotton crop from August
18th to September 1st, and you will
see record -brpo hing datar;nrattoo