Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-08-15
PRICE Of COTTON
CROP IMPORTANT
ONE FACTION SEEKS TO UPHOLD
MARKET WHILE OTHER
PILLS II DOWN.


AUSTIN. A4E i4-Thr following g.
f,i,rn out Us the State Agricultural DE-
lurtment
The price of tho 1890 cotton crop
along with WHIST b. irfi 90 the 1878 crop
WI Determine several very Important
things nov having the attention ot thr
J., ~. 1t the world
The producers ul cotton sr! them
friends. d-sir, "a voice in th, price and
demand that % iuclud" a profit TIN
- 'culatiNe ami spinning interests De-
sire 10 prevent this and are not asleep
on their luh They generated several
heiu,s during the harvest ana sale
n the 1913 crop 10 ihwart the aims 81
the producer and their friends. wh"ih
~ or not thes" schemes wer" hatchs !
by enemies of the producers, such enc
niss have used them g. beat down M"
price - cotton
Some of the conditions which have
hasn taken advantage IL are the EN-
hasRn forhidding the railroads to haul
cotton In West Texas las, fall. the long
shoremen's strike az Galveston. ana %"
nrtion Of the Federal RcscrV. liHnt
Bard The embargo gave m excuse
for lowering the local price by saying
we cannu; ship it The claim ~ q
conspiracy a. lower the price ~ borne
out recently By the editor ~ a prUmi
ncnt New England spinucrs Journal 90
hts answer to charges 81 a conspiracy
to deirs the price H. says W..
haven't the least doubt. and We e.
quenily efuphaSissi this point-thli
fOreign manufacturers ~ buyers ~
ctton. and domestic buyers rs well.
hsNe made and are making at present.
every possible effort 90 deprrss tn
price This same editor continuing
r1vE: The world wuss need cotton ard
viii need Il In Increasing amounts
Tue cotton grower must protect MIN.
AlF. az certainly no one else viii pro
tcet him ~ will pas him one cent more
per pound ioT his cotton that IL can be
bought at. The dealer would Try o.
buy IL AZ ten cents per pound. even u
the cost were 80 cents. Tie would sell
at 81 per pound II u were possibl. o.
obtain H. The embargo furnished .,
splendid opportunity Tor this conspir
acy.
The action % the Reserve BanN
hoard caused hanks 10 call loans on coz
ton. which forced u o. sell thus aidinr
IN the scheme 10 depress the price.
propaganda IN being given out and
Plans laid to cut the value ~ the 1899
crop IN half. The report Of car an
ship shortage. which IL already d.prcss
ing the price Of wheat the talk Of
tight money. q a hiE crop. which >
impossible with half a stand over thu
principle producing sections. Rnd a
great deal not IN bloom August isi.
while adjoining fields have grown holl.
IN the mand insects demanding toll.
The fact is as We have frequently
stated more than half ~ the L. 5. crcn
u needed by foreign countries, which
are not IN shape 90 buy IN large qua %.
titles a. fast as Ne gather. Their con
diiion must h. considered. and the sale
Of our cotton adjusted 90 their ability
10 pay. We sold too much cotton last
fall. The spinners got three month";.
stock and the spectators about tn.
same. They Joined forces % heat the
farmers on what they did not get an
average &C $50 per bale Siill the future,
market has averaged a. high and ths
spinners have paid the spectators -,
much for cotton all this year as las