Evening star. [volume] (Washington, D.C.) 1854-1972, 1927-12-31

with the three previous years has
been pronounced When the slow,
protracted decline from Il cents IN
the Fall Of 1924 to the close of last
year eliminated the price had DE-
creased IS cents pound. or VIA "a
bale. Instead OF SlS5. mills found
themselves able TO procure an almost
unlimited supply OF raw material Tor
$50 or less. The record production CT
1926 had created an abundance or cot,
ton of all descriptions. and so much oI
lower grade became available that
prices for cotton OF this character hah
declined several cents below middhn@.
Hundreds OF thousands OF pairs
changed Ia nds under $50 bale. whtcn
had represented an outlay Of over $40
~ produce in most sections of IN" belt.
consumers. realizing the unique op'
portunity afforded by price 81 tnu"h
below the cost of production, and COZ
WINGED that il was only a question ~
months before every hale purchased
would prova profitable. began stocking
I'm for the future. As the low pre-"
made low cost OF goods tn the p'lh'i''
retailers were soon selling cotton
goods on a scale unknown IN recent
wears An everhroadening diSttio'
lion increased consumption, so thN
mills became enormous buyers OF COZ
ton throughout tn" South
Each month. figures on both domeS'
tie and foreign consumption mohhte"'
the expansion being apparent as a".
of as India, tn which over So'''""
ba les Of American cotton were shippe"
This was one of the few OCCASIONS w
record when American grown st"s""
entered into competition WITH w"
cheaper cotton grown In lndia N"'
mally there II tn cents "'He'e'"
In the price. hut Indian spinners mus
wear bought low grades In the S"o'h
hs,ox The cost OF cotton in their own
country.
| Demand Augmented.
| The ever, growing demand, stimulated
| nv aboormnliy low prices. was aug
| mented by sales for delivery over Tue
canning year and II was estimated ''"'
dealers and exporters sold ahea" s"'hc
,htn. IiLe . 400 900 bales. a large por'
lion of which WAS shipped an'""u w
ha stored until called tor ny IN" o"t.''
Reeinning with The activities ~ the
Federal Government durins IA" 'i""'"h
months nf 1925, when ''eS'"
coohds. appointed IA specia' '"'n"'t'
Tee Ia devia- ways aud means =" "
,endns credit facilities anu te"oN'"s
m. strain I'm the South, the press ma"
etveu more space To cotton neNe"p
mani. than for many years the c"
,ira country becana deeply thtefcsteu
An The arfoyts To avoid demofa'is at'oh
ana nv lons.term financing, meN"ht
tho necessity ~ holders saw ~"
their wears production .,
Excitement had hardly nhate" Whe"
ths flood became a front page 'e"'"e
,f the daily news aud public atteh'h"
vas again drawn to cotton For weeks
tbs disaster grew daily more appalling
In it's ioss of life, live stock, farm I'M
nlamauts and houses. Headers III the
Nn,th hod Nest followed the SLOWLY
rising tide In the M,nsias'pp Hs
waters tram the "Nefn"wed rivers '"
thu west and north poured d"wh the
valley,
I,evees hrake on the Missouri hank.
then on the Mississippi stde, ana late,
Hooded millions NJ acres ~ Louisiana
Anxiety over the important staple
cron IN the Delta region brought Mtli
interests into the market not only
here but IN Liverpool and Alexandria,
and prices for American aud foreign
afowthh advanced steadily,
Rains sweep nelt,
Then, In August fains swept over
the cotton belt day after day. with the
execution az Texas, and Instead Ut the
hat dry weather, requisite tor fruit
ms. moisture fast*red insect peopaga
tian A MluesnIeau NuaNIi SpnIa the