Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1919-07-30

year.
(lmpOrtal,t--ln the above esti-
mate we have shown the government
| estimate as to the production of
cotton amounting to approximately
! 100000 bales. With information
| before US as TO the abandonment Of
| &C! cage, we find, as a result Of a very
careful investigation and recheck,
that the abandonment is S1a per
! cent. The government condition re
port was the lowest in ID years. With
information before us as to acreage
and condition, we consider a crop of
l0,&GH. 900 buies liberal estimate,
and taking this from the government
estimate. there is difference shown
Of 100000 bales. Add this amount
to the above shortage in supply of
100000 bales, and it makes Il total
shortage before the 1920 crop will
become available OF $500, 900 halcs.)
Concerning the visible supply Of
cotton shown above, which enters
finally into surplus, it is the unani-
nous opinion Of our experts that Jiie
visible supply Of cotton would be
enormously decreased by an actual
count. This. Of course, is caused by
unspinnable cotton, and also by rot
ten cotton due to enormous amount
Of cotton being exposed, entirely nm
protected, during the past wet VIM
ter as a result Of the acute la>or
situation and congested conditions
1t is estimated that the decrease from
these conditions will amount 10
| around 10000 bales. This, added
to the shortage of 100000 bales
as shown above, will make a total
shortage in supply of raw cotton as
compared with the pressing demands
Of 9,05O,OOO bales.
We find that, regal dless Of the
fact that Europe purchased in the
| last four years 15,935,437 bales of
cotton less than for ,the previous four
years, the amazing fact stares us in
the face that there were still 5000
900 bales more cotton actually con-
sumed from the four last consecutive
crops Of American cotton than was
produced. The trade is overlooking
these startling facts. According to
the latest figures obtained from the
Department Of Agriculture in Wash
ington. the worlds production of
cotton for the last four years shows
| "A clH rtou FOL
Worlds production
1873 ....... l7,609,0 900 bales
1916 ...... rs, 1000 bales
1917 .17,I 1000 bales
1918 lshortage even greater than
shown above. Exact figures not yet
completely
The worlds consumption for the
| last four years has exceeded the
worlds production, as follows:
Worlds consumption
1915 ..... -. 7G1 900 bales
| 1916 .2l0l 900 bales
| 1917 20. 1900 bales
1918 ..17,70I.u00 bales
1t is our unanimaus opinion that
the above figures are conservative;
that it will be necessary for the mills
to curtail producti0n--in many cases
to close down--before the 1920 crop
becomes available; and that we are
facing a cotton famine We have
rendered the above report upon true
conditions and facts, and without
bias. it being our sole purpose to
render correct statement
Cost of Production.
The following facts have been COM
piled regarding the cost OF produc-
tion OF the 1918 cotton crop:
Expert representatives Of the De-
partmcnt Of Agriculture, EMPLOYED
lor the purpose Of making an esti-
mate Of the cost Of production Of the
| l9lS cotton crop, find that this cost
is in excess Of 80 cents per pound
oasis middling. The cost of pr0duc-
,ion Of the 1919 crop-that is. the
growing crop-will be far in excess
OF the 1918 crop.
We are now engaged with the best
| experts ObtainaDlc in preparing a
statement showing the cost OF pro-
duction OF the present growing crop.
This statement cannot be completco
until the season has become far
| enough advanced to ascertain aD-
proXimately correctly the produc-
ton, which will probably be ascer
| tanned the first part Of September. at
which time statement showing the