The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1921-01-07
NUMBER 80
|NINt u,hi..,JN BALES
TO Be CARRIED over
The Carry Over Cotton Would Seem
Proof Enough to Show That Cotton
Reduction Acreage is Necessary

j 1t is up ito the cotton farmer to
cut his cotton acreage about half in
two or else prepare himself for less
than l cent cotton next fall. Just
well look the situation square i'm the
face.
According to statisticians, there
will be nine million bales of cotton
carried over from this crop, and, with
that much already to figure on for
the market next fall, it would seem
out of all reason to expect anything
else other than below living price.
Below is given an extract from
weekly review by Geo. L. Fossick,
cotton statistician, in the Commercial
Appeal of last Sunday. He is of
the South; the Commercial Appeal is
of the South and what is said by
them is being repeated by thousands
| of other we'll informed men and agen-
cies throughout the South. Thus it
would seem that there is every reas-
on for the farmer to wake up, look,
listen:
"The cotton south particularly is
made to suffer from the conditions
that have been brought about. We
read in New Bedford newspaper
that disbursements to holders of stock
in cotton mills during the year 1920
by far exceeded those made previous
ly in the history of the industry and
exceeded the highest expectations
the stockholders could have had. In
like manner the margin of profit Sc
cured by the manufacturers during
the first six to eight months of the
fhA
and coming as it did OF the top of
several years of unusual prosperity,
caused exceedingly large disburse-
ments.
I'VE want to say right now that
the big dividends mentioned and of
which mill owners are disposed to
boast, are the chief cause OF the un-
usually and disastrously large supply
of cotton unSpun, now in existence.
The present indication is for carry
over Of 9,352,000 bales of American
cotton at Aug. l, 1921. For several
weeks the prospective carry-over has
been increasing at the rate Of more
than 100000 bales a week At the
same rate-We, however, do rot be-
lieve anything like the rate will be
to the end of the season
the carry-over Of American cotton
at Aug. /, 1921, may be as much as
100000 balls.
1.-The gTeediness of the mills and
agencies put prices of
cotton goods so high that the goods
could not be sold. The people, the
household dollar, simply could not
pay the price of silks and satin for
n NIL A- II L.
price of cotton but the price of cot
on goods that halted consumption
There was only about cents worth
IF cotton in a. yard of calico which
'etailed at 40 cents.
"The price of cotton goods halted
not because tthe peo-
DE did not need the goods, but be-
ause they could not paw the price.
'If the United States produces
,nly 100000 bales of cotton this
year, and the crop outside of the
United States is up to an average,
he years supply of all kinds, count
ng carry-over of 100000 bales
II not far short of what it was this
urTent year. Last years world con-
umption of all kinds of cotton was
ess than 1S,500,000 bales, and con-
may not exceed 14,OO0,OO0
ales of all kinds, including Ameri-
an, for the fiscal year ending July
1, 1921. Should the world, includ-
1g the United States, during 1921
roduce cotton crops of a size equal
0 what was the average for several
ears prior to 1914, with a carry
yer of 100000 bales of all kinds,
7hich now seems inevitable, the
'orld's supply for 1922 would be
OF far from 49,000,000 bales The
'orld never in & single year consum-
d as much as 21,00O,000 bales of
otton and linters, even at the peak
{ Inter consumption for war pur-
oses."