The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1919-10-01
ENGLISH MILLS ARE
SHORT OF COTTON
American Cotton Association Urges
Farmers to Stand for Agreed Prices.
Hold for Minimum.

Farmers to Stand for Agreed Prices.
Hold for Minimum.
Columbia, Sept 24.-Claiming that
Great Britain is about to experience a
dcarth of cotton and that American
mills are already consuming all avail
able supplies, the American Cotton
| Association, in statement ISSUED
, from its local headquarters today, de-
clared that only one thing could re-
sult--a fair price for the staple. Farm
>crs are urged by the association to
hold their cotton for the minimum
price fixed by the association.
The American Cotton Association,
says the statement, urges the farm
crs Of all the cotton states to continue
to stand by the prices named at the
New Orleans convention In September
with Il sliding scale of a half cent in
crease each month until The price
reaches 10 cents in May.
"'rhc price was agreed upon after
Pmuch discussion and IS recognized all
over the country as a conservative
price. in fact a low price. AT this
price the spinncrs can operate their
mills and make II tremendous profit.
No spinner has yot complained that
the price is too high.
The price of cotton today at 40
cents Il pound is a low price consider
ing the cost OF production.
Forty cents per pound for cotton
is a low price according to tho selling
price Of cotton goods
Cotton today measured in the
value Of cotton goods is intrinsically
worth more than 30 cents per pound.
There is no denial Of the fact that
cotton at 10 cents per pound is the
cheapest commodity that is being sold
today in the worlds market.
Let the farmer be not deceived by
the tremendous amount Of propaganda
that is being circulated III reference
to the lack of credits in Europe.
The American spinners are pros
pcring almost beyond calculation. The
European spinncrs will not stay out
Of tho game.
"An industrial agent Of the United
States government stationed in Lon
don has just wired the department at
investigation and that the British
mills have not enough cotton on hand
to last them two weeks. England will
buy cotton and she will be glad to buy
II at the price named at the New Or
leans meeting Of the American Cot
ton Association. She will not stand
for her mills to remain idle and lose
her trade. Germany is ready to buy
cotton. Her mills are intact. She is
ready to buy several million bales.
In the meantime the American
mills are idle. Manufacturers arc not
able to supply the trade with cotton
goods. Cotton goods are advancing
steadily every day. There is no rca-
son why cotton should have declined
on account Of tho prospect Of bum
per crop for this is not so. A great
surprise IS IN store fOr the cotton
world. The deterioration of the crop
has been very rapid 1t is very doubt
full if 1oooo,o00 bales arc produced.
This will not supply the needs OF the
world.
Cotton farmers should not be de-
ccivcd about the carry-over crop from
Last yoor 1ho ao,oupt oy on;np obl 4,
cotton carried over Is very small.
IF the cotton farmer will only hold
his cotton, stand by the organization
and refuse to sell he will get the
| minimum price named at New Or
leans, not only this but much larger
price. The watch words are organize,
stand ready. refuse to sell unless the
minimum price is offered"