Arizona republican., 1919-01-14
COTTON MARKET. TAXES JUMP TO
 59 CENTS POUND
Raise of Three Cents from 56 Cents Means Increased Money Value of Product In Valley $270,000

Good news to circulate about the valley yesterday was that the price of Pima long staple cotton had been raised to 59 cents.
 For many weeks the cotton market has hung at 56 cents. and cotton has sold freely at that figure.
 Ii is estimated that there are about Is. GOO bales Of cotton remaining in the valley unSolG. This raise. therefore, is equivalent to $15 per bale. total in crease in the market value of about s270.o00.
 Asked to comment on the situation, Edward r. Parker. vice president of the Southwest Cotton company. gave The Republican last night the following interview:
 The raise in the cotton market simply means that we are carrying out our policy of sustaining the Arizona market to our limit" said Mir. Parker.
 We want to see good prices for this cotton. But there is limit beyond which even q large buyer can go. The law of supply and demand finally con- trols: and the factors of market on the finished product and ability to sub stitute d cheaper raw material control demand. Goodyear has an ever broad- ening market for it's tires and we have never yet been willing to substitute so long as this high grade cotton can be bought at price which the industry can stand
 We are confinlng our purchases to the Arizona market; first. because We believe this is as good if not better staple than any other in the world: second. because we have invested mil lions of dollars in this valley for no other purpose than to help boost this industry. II the industry succeeds we will succeed. What we want is cotton
 the best that can be grown and a certainty of supply. If the farmers make q fair profit they will grow it: if they grow it. the Southwest Cotton company will take it's chance on putting t on a competitive market. The rise in ! price means then, that We are, at least l temporarily. able to bid it up and in so doing. are consistent with the policy ] We have stated since the day we came | here over two years ago.
 1 What about future prices2" Mir. ! Parker was asked.
 l Neither l. nor anyone else can tell, '' i he replied. If eastern markets do not
 react to this market and our manufac- = 1 turing competitors can buy cheaper l come
 down here, or even transfer some of ! our buying to those markets Goodyear is only one buyer Ca large buyer. that is true) and this valley is only one | source of production. No one buyers and no one production center can arbi- trarily make a market. Economic sit nations shift rapidly-they are in a con stant state of fluX. There isn't man living today who can say whether the price of this staple will go up or down next week, or even tomorrow. The best
 | can say is that our company is be hind our customers and this industry 1 to see them and it succeed and we are
 willing to do everything we can to that
 end. We expect to profit, not at the
 expense of, but with the industry.
 How about financing and ginning
 for next season."
 We will finance an acreage suffi-
 cient" said Mr. Parker. Ito grow cottor
 for our demands. When that limit i.
 reached We will stop Competition i.
 a good thing. No doubt others vii
 finance growers. We don't expect tt
 get all the business nor do we want i
 all believe we can use nearly all tn,
 crop produced here next season. Bu
 what we cannot use. I have no doub others can, and If We cannot fill ou
 needs here We shall. of course go int, ! the other markets available to us.
 As to ginning. If the machiner, had been here on time (every one know
 war contracts held us up) there woul, have been no gin emergency in thi l valley. There is greater gin capacit, , here today than required. We are run ) ming ahead of the pick now. and stor age cotton is being shipped in. If tn acreage next season justifies more gins
 We will build them
 The long staple industry here neve
 looked brighter to me All of us hay ], learned a great deal. For one thina We have learned that the proper IanC efficiently farmed, will grow a bale 0 more to the acre. That's significant This valley must compete with othe
 sources of production. It seems to m , the part of wisdom. that growers shouI
 crop only those lands capable of sub ' stantial yields and then farm them { l the limit. There's more money in grow I Ing larger yield on small dcrea 9 y than frittering ones effort away C I a small yield over a large acrcac. ;. This valley is not fitted solely for cot = ton nor are all it's farmers fitted fo g that crop. The long view is cotton. al r falfa. grains. cattle and hogs. I al
 certain that is our ultimate destinatio ? that the law of economies will fore f the issue and the farmer who sees , now rather than waits for the fore , ing will profit most in the long run. We shall crop every acre we have
 cotton that bids fair to produce a sui
 stantiai yield. The balance of our ian $ will be put into alfalfa and grain an : eventually become cotton land. We al : continuing to bring in more desert an Q drill more wells-We shall have abol .. 1S,0O0 acres in crop this coming sea n son.