The Union daily times. [volume] (Union, S.C.) 1918-current, 1921-11-16
SMITH TALBOF
COTTON :sH1RTACE

Washington, Nov. lE-Prediction
of word shortage Off cotton next
summer was made in tha{senate today
by Senator Smith (D&mocrat) of
South Carolina in a spe$eh analyzing
The statistics ON cotton8 ion
for October, made pubhe by the CEN
sus bureau. Should. thRzrate of con-
sumption for The ens2fpg months
equal or exceed that on OctoDlr nc
SAID there would be not aabale of AM
erlcan cotton in existence by next
| August l.
In the course of hisispeech, Mr.
Smith digressed to DISCUSS what he
said was the failure of Congressional
action intended to aid Sthe farmer,
asserting that it, seemed the only
hope for the AGRICULTURAL Interests lay
in the formation of thsir own coop
erative selling agencies md the estab-
lishmenG of their OWN banks. He
addc3 that relief legisaaf lion thus far
| had been converted eafh time into
"breastworks behind wileh the inter-
ests opposed to the farmers entrench-
ed themselves to destroN the farmers
profits" ~
Export and domesticS consumption
of cotton for October aggregated L.
! 200 bales, which, according to the
senator, constitutes ats record for
monthly disposition of the product.
"At that rate" he continued, "the
exports and consumption between last
August ! and next Aua11st l will be
best estimate of the AWsible supply
that can be obtained ashowed only
about 12,50O,0G0 or 1870, 900 bales"
A carry over of aBHut 100000
bales was estimated BT Mr.. Smith
while this years CROP he believed
would not exceed 7,0O0,9O bales. He
made his figures libefAl, he added,
but found no way to ,ba1ng the two
totals anywhere near tQsether.
Mr.. Smith reviewed. the many
"cries" which he had forced the cot,
ton prices down and told the senate
that all the "menacinA things fore
seen by the trade, inclslding the raj
strike" had been put. ouf of the way,
yet the price remained Jow. He de
clared, however, that gnthe country
never would, see cotton sell as low
again, expressing the bejef that AM
erican cotton crops haEeafter would
fall below the ten y9ar average,
which, he said, s5ightly above
100000 bales.
Washington, Noy. u Cotton con-
sumed during Cctobe amounted to
494,74 AS bales of lint tid 81 .b13 Of
Elisst srs sssss ss NTaks IS Il s ~ 925 of lint
and 4S,,364 Of linters in October las
year, the census bureau announced to-
day.
Cotton on hand October 81 in con-
suming establishments was 1,404,93'
bales of lint and 159,729 bales Of
linters, compared with 940,4S0 of lint
and 235,063 of linters a year ago, and
in public storage and at congresses
i 4,9S1 1856 bales of lint and 211,376 o.
linters. comnared with 4,132967 OF
lint and 340,633 of linters a year ago
Imports were 31.26o bales. compar-
ed with 1885 in October last year.
Exports were 974.51O bales, includ-
ing S,119 bales Of linters, compared
with 1885 bales, including 1,709 Of
linters in October last year.
Cotton spihdlos active during Oc-
tober numbered 34,255522. compared
with 33,771 ,9SS q year ago.
Statistics for cotton growing states
for October are:
Consumed. 297 57S bales, compared
with 2iA552 in October last year.
On hond October RI in consuming
OCT oh'ieh ~,onte 7e5 .5t9 bales, cow
narod with 4n7 O47 wear a~o. end IN
nrhir STORAGE end ~ congresses
A 67t.277 bales. compared with 3.S09,~
cot voar a"o.
Snindlcs active. 15,462 .576. compar-
ed with 1f.031 $40 year ago.