The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1919-12-27
ig3--.1Es. ~ - =
FIFTY CENT COT
TON BY. JULY
Commissioner Agriculture Har'
ris Thinks Demand for Cot
: ton viii Cause Advance.

: .CO3unOla,s OGC. o.. LII lllS JuN6
!. ..meut, says Commissioner Harris
rt.the situation today as regards con-
i tract cotton in New York and spot
scottouain the South is very similar. to
Iconditions last season when we saw
July contracts sell at 500 points undet
sspots. That happened in March OF
|, this year; but we saw ,.the futures
t'market in New York rise to a basis
with the spots market in the South
| during the summer. We predict thar
;:1he same thing VIM happen in July OF
| the. coming season, as. there is linz
lited supply Of midalsng cotton.
LAS The demand gradually turns .te
i1he lower grades, We expect a sharp
advance in the lower grades Of cotton
and material narrowing Of the diff.
terence between the low grade cotton
land strict nidd,tng white cotton. This
t~Al uflQuesa onably result ina ma.
fterial advance IL future contracts. :.
.s''I want to; say. .to. the farmers il
| boil Tsevii infested districts . to use
tgood Judgment whether TO buy or te
fnlant. You can't raise It under the
! vigilant .eye Of the boil weevfl If you
f.fIaveseto bury heavily ofafertiiizers a
i,prevai!iug prices Use good business
Judgment, just as you would in any
j35other business If you want to sue:
sceed. 80 % - .-as :.
i,,.gss sThe demand for cotton .is very
much greater at this time sthan twas
;,a year ago, and we-haveu'tas much
i:cott6n on. hand to- fill the demand as
I've had a-.y year:a go: .esoW, 1@Jusr Wan1
ito call, your attention ru what hap;
Epened sa year ;ago:-if might strength:
len. some .weak=kneed farmer, to holo
;ion to MS cotton. -, : :
/ /, - remember; a year ago at.thB time
|, nidaiing5 cotton was selling for %
cents and we urged the holders7 io1
spots cotton to hoid for SIS cents Ac.
cor6ing~fo the Law Of suppiy and de.
n1and 1t was Worth If. We predicted
that! II cotton were held or Of the
market lit would go sto IS. cents and
! It aid. SO. Now what made cottoS
60 to aS, esnta2 The al 3angYss Y e. aim .ilt
6lding It OF the market 4, :
x. @....Let 'sseet this lesson good: The, ddf::
ference betweenx2s. ands.S5 cents is II
cents or. $50 bale. WAS that worth
| kfe ko1dffag edate zdr should .sayIt Was..o
- Vow, according ITO supply 4aKI de:
! 1sSFaina. it: should be, l'selffhg above SO
| Sss1fs. are urging the holders %,
stozs cpttot hcr to SELL fers less; tfan
W cents :Sew letss:see:. Mfdaling cot:
{ ton 80 selling; in many places today Sor
1os cents 70. 4l 1-a, So s6u sss-h is 30;
as idr of from 50 cents today asst
tagas srottneh3sS cents "a year ago. estla,
|. Vas chisRed fist year 81 kel dig was
1SscenesS Increase. z have 1855: tfian
! stfsih ttfah eehts1o go ,eefore ;nsxt jay TO ge,
SO cents for1our :cot ttoIi,. 6nd, an IL TIE
fonndatioh conditions are more in o51l
fevor today. {, t'a',-
:. 1t S .entfrely IN the hands Of. tie
spots. Hold ders Of cotton. There h9s
,.fevers: seen such a: com btneds set Of
rnanipuiators to try. to drive the price
ofs, cotton down: ass thisNyear. ;balt s1ey
have failed. Spots no longer pay any
attention to h,tares~ markets. You
Win find that. in January they will
begin. to want spots cotton and they
I vvtfilfs s pit up the. price, ST steady in
lie: boaar: pay ND attention 70 4 little
rife. They Yils soon go from 46 I'd
I.B9 cents. :: Spots holders are. more
sure of their ground today than ever
and that is winning the fight. Sit
steady In the boat. p. -. =.
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