Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1920-12-16
HOLD ON LIKE
GRIM DEATH.
An English Cotton Manufacturers
Advice To Southern Cotton Growers.


Advice To Southern Cotton Growers.
Some weeks ago we mailed to every
cotton mill in America and to leading
mills in Europe pamphlet entitled,
"a Plea for the Cotton Growers of the
South" in which are set forth some
facts in regard to the cost of 'tton-
raising and to the economic slavery in
which the South lived for many years
b. reason of the low price FOR cotton.
r. Haythornthwaite G. So7s. Id,
English cotton manufacturers Of
Burnley, writing under date cf Nov.
s. :" the Manufacturers Record, s..y:
I'VE have received your bnok'et ea.
titled. "A Plea for the Cotton Growers
II the South dated September 9, 1920
a d our Mr.. w. H lythornthwa;te has
read it through several Tres with
very great interest.
The statement wh;tn you make md
to- Information given is something en-
til j new so far as Lancashire cation.
cl":' manufacturers alc concerned.
We have felt, like Yourselves the
dis. l.lity obtaining when buyers per-
sister thy hold off, AMI we have found
that whenever the price of cotton
shows consistent rise from a low
level to high level the buyers of cot
ton and all the various kinds of tex
tile goods from all over the world be-
come very anxious to secure their
seasons supplies.
I'VE can quite believe that the
price of cotton shows a loss to the
grower, and we are of the opinion
that trade will not revive until the raw
cotton begins to lift it's head from the
present very low levels.
we are of the opinion that all the
markets of the world require cotton
goods in very large quantities, and we
also believe they will not purchase I'm
til rising market is in operation.
"Our experience has always shown
that to have large volume of trade,
confidence in the stability of prices
must obtain.
"In February of this year cotton
was quoted in Liverpool at 28.40d; to-
day quotation is 14.50d, and in view
of the rate of exchange the price we
consider is very cheap.
"The solution to the whole position
rests with your people as to their
ability to hold the goods (cotton).
Our advise is, hold on like grim death.
"Will you please forward US the
average cost of growing cotton at
your convenience"
Here is an admission by one of the
important cotton manufacturing con-
Germs of England that it has been
heretofore wholly ignorant in regard
to the question of the cost of cotton
growing in the South and the condit-
ions under which the farmers of this
section have had to live during the
last SO years by reason of the poverty
prices of cotton. They take the very
proper view of the situation that on
falling market people will not buy
cotton goods, and that though the
market of the world need vast guam
titles of cotton goods, they will not
be purchased until there is rising
market.
This is true as to all things. Peo-
pie will not buy on a falling market,
because they ever want to find the
bottom. 1t is only on rising market
that there is prosperity, and until the
rising market takes place in farm
products there can be no general pro-
sperity among the farmers and work
ers of the whole nation.
The advice of this English cotton
manufacturing firm is unlike any that
we have ever received from cotton
manufacturers in this or any other
country, for they advise that the colt
on growers of t1e South 'hold on" to
cotton "like grim DEATH" taking the
ground that "the solution of the whole
position rests with the cotton growers
as to their ability to hold the goods"
(cotton).