The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1922-01-25
COTTON GOODS

Analyses Cotton Situation, Endeay-
oring to Show Possibility of Serious
Developments.
(From New York Daily NewsJRecordJ
William A. Moorhead, president and
general manager OF the Banna Manu-
featuring Co., GoIdviile, s. c., writ
Ing to the Daily News Record, analy-
zes the raw cotton situation, giving
some facts which feel will open the
eyes of your readers, perhaps as new
er BEFORE" lie endeavors to prove
that the situation is serious, that the
trade in general have no realization
Of developments that are confronting
them.
Mr.. Moorhead writes:
AS q cotton farmer and manufac-
turer, 1 wish, TO add to your page of
miscellaneous information with rela-
ton to the cotton supply, some facts
which feel will open the eyes Of your
readers, perhaps as never before.
CAS- per Mr.. Hester, it was shown
that on Aug. 1, 1921, there was found
to be a carry-oyer of American cot
ton, including every bale in American
public storage houses, estimated
amount in uncounted towns, estimate
Of bales in transit by rail, on ships
awaitance clearance, on shipboard
awaiting loading, afloat for foreign
ports, in foreign manufacturing estab-
lishments, in foreign public storage
houses; this total amounted to approx
imately 100000 bales American
grown cotton.
cotton.
Nov let us add to this the Ameri-
can production for the year. Of 1919,
amounting to approximately S,000,-
600 bales. We have total of 170O0,-
600 bales, say on August i. From this
must be considered the following de-
ductions: Fully 100000 bales Of the
above 100000 bales is considered un-
spinnablc cotton, consisting of bollies,
snaps and the like, same having ac-
cumulated for the past several years
This brings our total world supply OF
American cotton to 100000 bales.
| 1t takes every bale of 100000 bales
| OF American grown cotton as a work.
ing quantity to keep the mills in mo-
| ton, which means that there must be
q stock Of cotton in American manu-
featuring warehouses at all times;
there must be O certain amount in rail
| francit Of oil No ct ho -
certain amount afloat for foreign
ports, hoading for manufacturing
establishments; there must be rea-
sonable stock carried in the warehous-
es Of foreign manufacturing estab-
lishments, so that this figure Is very
conservative as a working quantity
necessary to keep the textile wheels
turning. Lug
"This brings the total down to H.
100000 bales.
Since Aug. 1, 1921, American con-
sumption plus exports to foreign
manufacturing establishments amount
to approximately 100000 bales. This
brings the total available for pur-
chase in. America down to the mere
balance of approximately 100000
bales.
With the above clear cut facts
staring a man in the face Jan. 15,
1922, with six and one-half months to
operate until August 1, 1922, how can
rhe figure there will be sufficient cot
ton to keep the textile mills OF the
world operating, as they are operating
at the present time?
tWe read at times comments that
there arc some 100000 bales OF cot
ton hanging over the market for sale.
This Is q bald face falsehood. There
Is not more than 100000 bales hang
ing over the market, and none of this
lis being carried by Southern banks at
a higher valuation than $50 per bale
SO that it only takes 5000, 100000 to fin
ance this small pittance Of cotton.
In face OF these facts we are rapid
ly coming to the season Of the year for
another cotton crop to be planted
With the many hazards that cotton
farmer has to contend with, the pres
ent Grice does not justify sufficient
mangin to encourage the farmer to
plant his usual acreage to cotton,
much less to sufficiently fertilize same.
and to provide additional labor to fight
the boil weevil pest.
The stock of American cotton is
ncsw' at an lalarmingly low point. The