Evening star., 1932-09-14

Better prices for cotton in an agri-
cultural improvement which is shared
also by wheat and tobacco, are greeted
with the feeling that an improved situ-
alton in cotton. especially, will lead TO
general advance in prices all along
the line The prospect of profit for
cotton growers, it is pointed out. is
aided by economies which have been
practiced by the farmers. while greatly
curtailed production, coupled with the
determination of the Farm Board to
refrain from selling its surplus Of cotton
end wheat, is seen as a dominant factor
in advancing prices.
The cotton farmers regard the price
rise as genuine windfall," according
to the Fort Worth Star-Telegrarn. which
states that lit makes the compensation
for their years hard work and denial
Just so much more" The Star-Tele-
gram adds, however, that they and the
land, too have suffered by the sort OF
work required for holding cash cost ex-
penditures down below cents pound. "
AS to the action of the Farm Board,
that paper comments: 1T has made Of
fetal announcement that it will get in
nobodys way until 1893. That is q
great piece Of administrative agricul-
tural economics. All in all. and by and
large, the Farm Board constitutes the
most fearfully and wonderfully built
political eXpedicnt Of them all
Placing the improvement in cotton
at the head of the list of cheering
news" the Charleston. S. c.. Evening
Post points out that mot only has the
sharp reduction in crop expectations
for this year produced a substantial
rise in raw cotton prices, but it has
made its influence felt throughout the
various branches of the industry" The
Post also declares Since the crop is
being made at the lowest cost in many
years. and with expectations of hardly
more than cents. if that much, as
return. the quotations will spell a profit
for the South" The Raleigh News and
Observer says: 1T is too soon yet to
see full daylight in TIE c1tton farming
or cotton textile industries. Markets
that go up may come down. as Ameri-
cans have learned bitterly. But the rise
in cotton End the quick rise in textile
9ctivity and in cotton goods prices in
t'ica-o cl"crlv that the true path out
Of the depression lies in rise in the
price of agricultural commodities
"Since June" remarks the Spokane
Spokesman Review. tho price of cot
ton has advanced nearly 100 per cent,
bringing renewed confidence A COM
parable advance in wheat would thrill
other farmers. The holiday farmers
are expecting some such advance. A
Washington informant states that some
Of the financial experts take the stats
tical position of wheat to be better than
that of cotton" Pointing out that
there has been reduction in acreage
in the South ami in other countries.
particularly in Egypt" the Oakle nd
Tribune thinks that the reason be-
hind the cotton advance suggests its
pe-ma nency" Th- Yor1g-tovn Vim
dicator observes that the re-ult was
achieved without resort to expedients
freely urged" and advises that '.the
cotton growers experience is sometime
the farmers of the West might study
mo one knows for a certainty" says
the Providence Journal, what the fu-
ture prices of wheat and cotton will be-
Every one knows now that they are
currently advancing. 1t is one of the
most hopeful aspects of the agricultural
situation. ~. The Journal believes that
the Farm Board, in stepping aside
temporarily. Is making some amends, at
least, for the damage done those pro-
ducers in the past" That paper aleo
finds in the Government September
report confirmation of thu original
finding, month Ego. that this years
cotton crop is going tn b. mu"h smaller
than eny Yield sir"r 1923 and very d.
cidedr less than last years abnormal
production" tt
/. sThere is real profit in cotton!" ex-
claims the Cincinnoti Timer-Stsr,
while the San joe Mercury Herald
concludes that the prospect means a
higher price for cotton. q rising market
for cotton goods. n better hreak for