The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-10-15
Predict rs Cents -
For Cotton
Prominent Cotton Brokers of
New York Warn South
Against Being Deceived
By the Insidious Prop
aganda Of Eastern
and English In
terests

New Ork, OCT. l-."CHuei tle
CAPTION of The South Should
Awaken 20 The Present 1nsidlous
Bull Propaganda" Oliver & Hough-
ton. cotton brokers Of 59-6l Pearl
street. made public today a state
nent Of unusual significance. This
is the firm Which came in for con-
sidera BILE attention last August be-
cause of their exclusive prediction
that Il big upward swing in the
price of cotton was imminent.
Their statement of today follows:
Right now the south is confront
cd with the problem Of avoiding
gigantic financial losses despite the
fact that it holds all the high
cards. To us it looks Us if there is
a little. game being worked BY Ger
tain eastern and foreign conbina-
tions who are Bears merely mas
uuerading in Bull clothing. Be-
vond all question Of doubt the cot
ton crop of this year. combined
with the carry over. is not any
where near enough to meet world
requirements These people know
this Just as we'll as they know they
are alive. They want all the cot
ton in eXistence-Must have 1t IN
fact, but they do not wish to pay
legitimate price if they can avoid
it. If the SOUTH will but Sit steady
and call their bluff every time 1t
will win as sure as fate. Other
wise. otherwise.
There never was a more des-
picable and questionable piece OF
bunk pulled off than was recently
witnessed right after the last gov
ernment condition report was is
sued. 1t was sheer ruthless slaugh-
ter-unjustifed and cruel beyond
words. The interests had careful
ly, cunningly and persistently fed
public with "a condition Of under
forty propaganda: When the con-
dition was announced as APP they
purposely and maliciously broke
the market 93 points g cents per
pound) in less than three minutes.
Now, in all reason, what difference
did this slight increase in the pre-
dicted figures make? None, ab-
solutely, none! The actual facts
we're that the second smallest crop
since the civil war was assured, yet
it was made to appear as though
something dreadful had happened.
Now, listen carefully! Here is
their little game. They run the
market up two or three hundred
points, hold it there for brief
time, spread a great deal Of bull
ish information to induce outside
buying-thus making the market
technically weak, and then in an
unguarded moment hammer prices
Gown suddenly and shake out the
tinlid holders. This has been done
over and over again during the
past two months purely for the pur-
pose OF leading the south to be-
lieve that it is cherishing delusion
in hoping for much higher prices,
and that its cotton better be sold
between 19 and 20 cents while the
opportunity is offered. In this man
ner the south is being discouraged
and its faith and confidence in its
own inherent strength is being un-
dermined-even destroyed. We say
to the southland in all seriousness
Hold on: Be not deceived! You
have a literal gold mine in your
possession. Your feecy white
staple can and should be turned
into fat bank accounts. DO not be
misled and wheedled out Of your
heritage by those who spin not,
neither do they SOW yet who, like
hungry Jackals. are waiting for you
to drop your highly valued cotton
into their greedy maws. Be stead
fast and patient little longer.
Make them pay and give no heed to
any price under twenty-five cents
per pound.