The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1919-08-13
MUCH INFORMATION
CONCERNING COTTON
y
Secured by the American Cotton AS.
sOciatiOn.
ER0M CESLTlSDO IN1 Ntnnnrr
FROM CENTERS IN NORTH
Mass Meeting to Be Held in Early
Fall for Recommending
Minimum Price.

Soluhipla, aug. 1.-the following
mas 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.
"A mammoth mass meeting will be
held IN the early fall for the purpose
OF discussing and recommending a
minimum price ior 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 bus-
ness basis and only such acreage will
De planted as, based on supply and
demand, will bring profitable price.
Under no condition will the acreage he
planted to establish surplus to bear
down prices.
after this meeting confidential in
formation, secured as stated above,
Will receive the most careful consid
efatlon and attention Of special COM
mlttees, and in all probability re-
quest for special investigation of
the fagrant manipulation which has
been practiced in the cotton market
Will be made. AS a result of this ma
nipulation the South has suffered the
loss of millions.
One of the leading bankers from
the wealthy Western section recentlv
| stated:
! we would be delighted to loan
money on your cotton, as money as ex
tremely easy with us, but it is an alb
solute tool for the manipulation, the
prices being flagrantly and violently
manipulated at his own sweet will. so
that cotton is really considered as a
gambling product, and in our section
| OF the West it is considered unsafe
for handling by the banks. You
should do something to stabilize vour
prices"
DRY goods today, since the break
in the price Of cotton, are still advanc-
ing, it being impossible to have or
ders filled without delay. 1t has lust
been stated that it will be necessary
to allot mems underwear on account
OF the great shortage of the manu-
ifactured product. There will be a rec
ord breaking demand for cotton.
AS soon as the peace treaty has
been confirmed, the manipulation will
DC denied one implement that he has
| used to beat down prices and caused
the South fabulous losses, as Germany
cannot buy a 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 expen-
slVe crop ever grown. One leading
expert from the South, Mr.. Morrison
OF New Orleans, recognized author
lty, rendered detailed statement in
cluding every item showing the cost
OF production of the growing crop,
basing middling, Of ~ 1-2 cents per
pound. With the present shortage of
labor, the percentage Of off grade cot
ton from the growing crop will prob
ably break all previous records, as
there is certain to be a great deal
OF trouble and delay in gathering the
growing crop, which will be bound to
cause off and low grade cotton
Much of the information in posses
sion of the association shows that
the laws of supply and demand are alb
solutely ignored. The imitation of
the currency which is as Interchangeable
as the law of gravitation has no bear
ing. However, these laws cannot
continue to be violated, they will as
sert themselves eventually. In addi-
ton to this watch the condition of the
growing crop from August Is to Sep
tember l., and you will, see record
breaking deterioration. The cotton
plant in it's present condition cannot
stan dreverses, neither can we spin
paper cotton, bollies, or cotton cotton,
which are included in the published
surplus.
"The laws of God work slowly but
surely. Truth crushed to earth will
rise again. These laws canont be ig~
nm