Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-02-15
TOO MUCH COTTON
Anderson Business Man Discusses
the Situation.
SEES NO HOPE FOR BETTER PRICES
At Present the Outlook is that 9,000,-
600 Bales Will be Carried Over, ana
With 100000 Bales Raised This
Year The Supply Will be Increased
to IS GoO,oOo Bales.

with SJuuUiUuO baleS ndlSeo iH's
Year The Supply Will be Increased
to 100000 Bales.
On~of the most prominent and sue
ccssful business men in Anderson
speaking today of the outlook for cot
ton prices, had the following to say:
I'VE are all Interested in the price
Of Gotten, and good deal is being
written about the cotton situation. The
worlds production Of cotton last year
was something over twenty-five mil
lion bales and the worlds consumr-
| ton of cotton the current year some
thing over thirteen million bales; so
there will be a carry-ovcr of about
twelve million bales. which is nearly
as much as was used last year, and
we will have nearly a years supply on
hand. OF this twelve million bales car
ry.uvcr, nine million bales Of it is
American cotton. That means that
there will be nine million bales more
of American cotton on hand the first
of next August than the world has
needed and then we will have TINS
years crop on top Of that.
"If there should be only nine million
bales of American cotton made in this
years crop, that will make supply OF
eighteen million bales Of American cot
ton, which will be six or eight million
hnlcs more than the world will need.
Now, what is there TO put the price OF
cotton uu? For the current year there
viii br about thirteen million bales OF
cotton used in the world. Leaving out
that oi America, the balance OF inc
world made about twelve million DaleS
last year. Take the crop Of the pal
ance OF the world. Americas crop and
the carry -ovcI', and you will have more
than twice as much cotton as the world
needs. And. now, with onc-third OF the
spindles of this country and Europe
either closed down or working on SNORT
time what is there To put cotton up?
The time is rapidly approaching
when this cotton must be sod, ana
after IL long holding spell. such as the
farmers are having now, when thcy
begin to sell they all begin, and they
I'll as fast rs they can, and when tfat
I,aunrns the price will break To
s,n;therccny. TIL, supply will be very
heavy. and the drIHand very moderate
or very light. 1t is freely predicted
that cotton will go to ten cents, ana II
looks now as if it were headed that
| way.
"rcuplc say they can't pay their
debts if they sell their cotton at the
present prices, but they will pay less "i
them when cutton goes lower. Sumo
s.y tho ncrcagr will be reduced, and
il probably will be reduced some
though We have been hearing "i acre
age reduction nearly all of Our lives
and have never seen much of il. Hut
| if th,v should reduce the acreage some
as they probably will. they will make
marc tn the acre and the crop won
be reduced in prnlnrtion TO the acre
and what's To put it up? If We walt
until ai the farmers, begin To sell we
will take considerably less than We are
taking now. II looks as if it Will DC
1 u.ud"nt To sell Iirad uf TN" crowd.
~ very successful member "l thI
exchanges of New York some years az"
made his fortune and retired. He WAS
! asked how il was that he made HIS l"r-
,unr 50 much faster than th" others
| He s,,:G. "Dh, don't know. but the
otbcrs always said Il sold too soon.
/ He srld ahead nj the crowd. lie Kh''"
when the crnwd sold the price w"ul"
| break. IL looks as II ii were t'ilc
some Of Tic cation farmers were WAX
ing NJ. -,
"Thr unsn!d cotton in the county WI
hiring around three and "n"-Iuilrtc'
imillioa dollars when sod. That amount
uf r,Drv turned lupSr in AndcrSui
county would make everything easy
aud husu,ss would go IN as usual M
stead Of having everything hcmoT'!iZct
las ut present. people not kn"w'hI
where they will GIT nancy t" run thci'
farms ,,rl other business. .'--AndcEs"'
Daily Mali.
The Opposite View
Next day after the publication {"
tb, foregoing the Daily Mail PUBLISH
v,l the following:
"Wait nn:il CONSUMPTION "v"r'akrE
urud,,rtinn." is thr adrr" one farmer
rivrs all other COTTON growers. Thl:
farmer came into the Daily Mail OF
flee This morning AMI took issu" viii
the advice given cotton men 10y =
,,rcfnincnt business man uf this citA
in :, published Interview in Thursday
Daily Mail.
''rhc farmers have business ability
,s we'll as the business man. thi:
farmer declared. ''Why shu1lld tht
l,usincss man tell us farmers I" sci
cotton nnw when we will hc selling I"I
;.En,,i onr-third the price we expected
v.l,u the cotton wa: grown:
"tN.. may as we'll rails" nothing Il
ali a% tu work and get nothing for "iiI
work. That is Whit il would mean /
wr sold our cation. which Gust -
,.,,,..,, f., ,,rrI,I;.r .Ii fh,. II'.Spnt Mir