The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1920-01-14
TEE. .wAroHmay AND sourH aab5k JANUARY. -, 1920

ATCHMAN AND HOUT]
ce,npar& lively nearby territory and
Sac naGui>;lly became an important
sid legitimate cotton nlGriet.
on Feoru..r:- 20. 1SSC, when New
York was about at lis zenith as q
resi- cotton market, the cotton held III
che warehouse. there YVES 294. 40 bales
or t,i:out 81 per Cent of the crop Of
ii..tl .,eas"ii. which MS 3,". 600
s,.lteS On me IS: oi N.,e,l:i; scr. .i.lo
iii. WAREHOUSES. ol Mex Ynrk coz
"a ;1<u on. = .o;;;;35 l,;iics, or ls.l'lJ u
i. per cent Of. this years probable
commercial crop of. 1900, 600 bales
The reason for this reduction in the
STOCK carried is that the cotton mills
that have been built since 1880 in the
territory lil;tt was focm:l.i% t,i',a'itis
to New York, consume nearly al the
cotton that is raised there and can
afford to pay far more for it than it
would return if delivered OR the fu-
.ture contracts that are bought and
sold in such enormous volume on the
New York Cotton Exchange.
2 IN it's raw form. inc,::dins: ;lie seed
The worlds present cotton crop is now
war1h at. least $500 per bale, or about
three ard q hali billion dNMrs In
it's manufactured. form It's Edlue IS
about tripled and would approximate
eleven billion dollars The totaf cap
ttsl. invested in the production .-;inG
in;l:1ufacfurc GfNcottons and ,ti:c cotton
SEQ :.,iust.gs.. has hcSn recently e>iti-
mated 1T approximately thlrty-seveE
billion dollars
About so to 70 per cent Of the
worlds cotton production isNgrown ir
,..alisd. ana this year's. crop Of saoas
II .0OO,00D, bales VII be worth about
s22r0. 500, 900. .Of this ,0oh.90G
IL, !ss ahoii; 3,s6n oGo oaies or 20 per
ce;ii. swilf ha CONSUMED by mills lccat-
&c iir~fbe SOUTHERN states chiefly in.
the c,arolinas and. Georgia. and the
remainder: OF 100000. bales, worth
sl.50o, 100000, will: be shipped to il1e
New England mills or exported: q
: '.Fi'he american Cotton Association
Wiyli tie mills. farmers, merchants,
;ia an3ler;. profeSs:fiinftl &aG b,:.:.ac:s
:5ten as:;i.s :fou,naa.i6ll srshh,,'.is is :iash
s1iis tie Hiiii;i1ling< OF %a!e:! 5Nsss; q
warehouse. or warehouses for each
county. owned and controlled by the
pcopie. of the County, operated under
the State or federal warehouse act.
sufficient to hold the. cotton Of sa-d
t,y,,a:,,s, ,3;na: IS tl.e program st!ey, ai,r
pushing tfito,!gh2u1 -:he :d:,gth 4;:d
ioEealit.s Of tiat cotton belt. so t..:,t
tie entire souti, w:i, bs aattel VIZ;
ware Feheuses; aaa tlIe marketing OF COZ
ton stretched over a period OF t<!e:v;e
months instead Of being rushed on tils:
n,aYkct III :hc HARVESTING period 81
three .,ao,.tt,S, ser cert s.eing ,hn:.
.,;ifSv.a:riSee &.fllq(int g. : cotton sd u.
til2se threA inontil.; heretofore.
The neSt~iiI.K> vii; be co1fee;.trat ti'7:.
warehouses;. The American Cotton
Association. is forming a bank, expor.
anr;i .,3iscc,,,it Corporation for the prr-
3 1y5.,st II II. ,cise5.5ing 5:reer ::alcs ef ri
ION i;htth Il q, l:;;5fn: sita ebseaa, flte::s.
.: :;a:s d;,5 Iaia ard i 4. ssas acI-
ct.lissus 6::. s,.:.nioti of f.tcn Wa :t!s@
eiven .:ves! 20: eHua.r 80 his el1:ef
question S;ss:} f!fas ne uprori,si4 titoae sss
arrived to absolutely. change co'idi-
tionss which have heretofore existed
IN. the handling of the cotton itidua-
try. Aritivuated methods n.ost a,
re,egetcd to the scrap heap; South
etn spot exchange should be estab-
lis:ic.s1:: s&ew. Orleans hes L golden oD-
porti.i,ity -. 49, = :
s1aiisSsat 7;f casn PANT &; being raise
agsaai.,si meih5as. wi1fch now exist. Oh:
shss .esa{ws. York exchange: Manufac,u-
.srs c:..lnotz=.t.s. il fDr hedging pu:-
poses; time ana tssaae again its COM
,n:ttees hava. treco1nlnEnded that it .es-
,aefish WAREHOUSES; :of cer,il!cation i::.
th& .Soath fronl Which cot ttan COULD &c
delivered for Contract; loesft o:l til.
Ne@ luri; exchange: I;cconl;nt7ts:- :.
tit,1s t.f ;ilis committed "ere t:it::9's':::,!
" leaders 81 the n.;A!,'.::aeturers, a.!
10 no purpose. ana IS result New
York has lost her opportunity: sfr;,
has; hif1cil tic goose that E:tid ihe
st Matthews. Jan; 3.-Following is
an article given out by President j.
Skottowe Wannamaker OF the Anleri-
golden egg.
New Orleans, BY. establishing ware
houses OF certlfTcation at concentra-
lion points throughout the cotton belt
BY making certain radical changes in
tiie, rules and regulations SO that 9
contract will assure the delivery OF
SPOT cotton. from these certified ware
houses can become a great spot e..-
hang, -:.i,s"!s:t,sy ,ct':i' .i;its {; c.'
s1y,il:: a.,:i:
i.N.ieli s.'::reiaoiisc., III evci2; COUNT.
nd i,G-,sF. throughout rhs ieiaafh ;'lat.
treadtn of !lte .cotte,i f,tl1.. oI1cratilia
sfiiaer the STATE y. 'fcdcrat w.er' flos:S>
set with oneeiitrati"n Warehouses:
Yi;l! sov"ri.:"Alt ei,:teHs Tor All o.:
thcSH Warehouses; We are facing th,.
mGsl complete change IN the cotton