The herald and news. [volume] (Newberry S.C.) 1903-1937, 1919-08-15
PRICE COTTON BREAKS
PRICE DRY GOODS ADVANCES
Manipulator and Spectator Make
Tool of Cotton-This Will Be
Righted- Cotton Grower
Will Have Square Deal

sThe American Cotton Assocla-
ton, through confidential represent
atives, has been securing inside IN
formation from the cotton consum-
ing centers of the north and from
the New York Exchange for quite
some length Of time. Much of the
information secured is very valuable.
"a mammoth mass meeting will
be held in the early fall for the pur-
pose of discussing and recommend
ing a minimum price for the growing
crop based on supply and demand
and the comparison in prices of man
ufactured products and other COM
modities, also the matter of acreage
for the coming year will be seriously
considered. The farms will be op-
Grated upon a business basis and
only such acreage will be planted as,
based on supply and demand, will
bring profitable price. Under no
condition will the acreage be planted
to establish surplus to bear down
prices.
@After this meeting, confidential
information secured as stated above,
will receive the most careful consid-
Grafton and attention of special COM
mittees, and in all probability re-
quest for a special investigation of
the fragrant manipulation ich has
been practiced in the cotton market
will be made. AS result of this
manipulation the South has suffered
the loss of millions.
Zone of the leading bankers from
the wealthy western section recent
iy stated:
eve would be delighted to loan
money on your cotton as money is
extremely easy with US, but it is an
absolute tool for the maniuplator,
the prices being flagrantly and vio-
lently manipulated at his own sweet
will, so that cotton is really consid-
cred as a gambling product, and in
our section of the west it is consid-
cred unsafe for handling by the
banks. You should ! do something
to stabilize your prices
''Dry goods today, since the break
in the price of cotton, are still ad-
vancing, it being impossible to have
orders filled without delay. 1t has
just been stated that it will be nee
essary to allot mems underwear on
account of the great shortage Of the
manufactured product. There will
be a record breaking demand for
cotton.
GAS soon as the peace treaty has
been confirmed, the manipulation will
be denied one implement that he has
used to beat down prices and caused
the South fabulous losses, as Ger
many cannot buy 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 ex-
.pensive crop ever grown. One lead
ing expert from the South, Mr.. Nor
rison of New Orleans, recognized
authority, rendered detailed state
ment including every item showing
the cost of production of the grow
ing crop, basis middling, of Al IL
cents per pound. With the present
shortage or lapor, the percentage of
off-grade cotton from the growing
crop will probably break all previous
records, as there is certain to be
great deal of trouble and delay in
gathering the growing crop, which
will be bound to cause off and low
grade cotton.
ssMuch of the information in pos
session of the Association shows that
the laws of supply and demand are
absolutely ignored. The initiation of
the currency which is as unchange-
able as the law Of gravitation has
no bearing. However, these laws
cannot continue to be violated, they
will assert themselves eventually.
IN addition to this, watch the condl-
ton of the growing cotton crop from
August Is TO September 1st, and
YOU will see cecord-breaking deter
ioration. The cotton plant in It's
present condition cannot stand re-
verses, neither can we spin paper
cotton, bollies, or rotten cotton,
which are included in the published
surplus.
''The laws of God work slowly but
surely. Truth crushed to earth Will
~