The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-09-19
Does it Pay to Sell Cotton
When il is Selling Below
Cost of Froduction? ?
~ B. Harris, Commissions sf
Agriculture

~ B. Harris, Commissions sd
Asricultsrs.)
We now have about 100000 bales !,
uf cotton held over from the 1921
crop and cotton 10 now selling for $50
bale more than it was IL months
ago. Let's calculate little and see
ii it pays to hold cotton. A great
many are always ready to say that
il does not pay to hold cotton, but
the best way is to sell as fast as you
get it ginned. By holding these 20O,
900 bales Of cotton to date we have
added $10,0OO,O0O of wealth to the
state. If this cotton had not been
held off the market that amount of
wealth would have gone into the
hands of the spectators. Has it
not paid to hold it?
The same thing can be done with
the crop we are now gathering.
think that our state will not make |
over 100000 bales this year and if it
is held off the market for even six |
months at least 10 cents q pound can
be added to the price it is selling |
for today. Another $50 bale can
be made, adding $3O,OOO,O00 Of wealth
to our state. Now, is this worth our
while? certainly think it is. Con-
sidering the condition of our state
at present the business interests of
our state cannot afford to lose this
/ great amount of money.
How can this enormous amount of
money be saved and added to the
wealth of our state? Cotton is one
of the best collaterals in the world
on which to have money advanced and
it is doubly so now, for it is admit
ted by some of the best cotton men
in the world that we have not
enough cotton for the worlds con-
sumption in 1928, even if the con-
sumption is no greater for next year
than it has been for this year. If
this cotton is warehoused and the
receipts turned over to the bankers,
III believe that they can get money
on them, and l want to urge every
farmer who has not signed his cotton
to the Cooperative Marketing Asso-
citation to warehouse his cotton and
keep it off the market. think that
you are bound to see higher prices
: in the near future. The world is no
longer going to believe the big crop
estimate lies. They are now be-
ginning to realize that we will make
|, under 100000 bales this year and
. they are beginning to wonder where
the cotton is coming from to clothe
the people of the world. If not an
other bale of spot cotton were sold
in the South for 80 days, you would
see cotton sell above 25 cents and
: think you would even see 80 cent
cotton. The cotton is growing short
er every day and the world is needing
cotton cloth as it has never needed
it before A South-wide holding
: movement for better prices should
be started at once. So long as cot
ton is thrown on the market it will
not go up.
: know Texas is selling her cot
ton about as fast as she gets it out.
Texas will not make over 100000
bales this year and it is opening very
rapidly. By October 13 she will be
through gathering. They will soon
be through and out of the way this
yearYou must remember that Texas
can make cotton at least to z cents
a pound cheaper than we can east
of the Mississippi.
The farmers, bankers and business
men Of the South have the cotton sit
uation in their hands this year as
they have not had it in so years.
They can name the price at which
hey want to sell. want to urge
our bankers and business men to
got behind the cotton and let's save
South Carolina from financial run by
ali forces working together. We can
add many million dollars to the
wealth of our state. Single handed
we can added nothing; together we
can do anything. That is right and
I know that this is right. Cotton |
is our great money crop and when
we get rid of what we now have on
hand it will be long time before
we will have this much again. I be-
| lieve we can save our country in
the future as we have In the past.