The Lancaster ledger. (Lancaster, S.C.) 1852-1905, December 21, 1904, Image 2
~f *> \ b . !
ft" V, <
. _
iliUHLOW S. CARTER,
ED1TOU A N D M A N AG KU.
? W1BTV~
fssuiiD \vei>x;:?i>av an *' a
WEDNESDAY, DKCKMItKH '21. ID"-!
Mntrr- is _ . ? ? ?
swaaunivi IOS .1 ot? rioi- xi:
The Price of Ootlon.
It. .J. Redding in Atliiti111 (.
ntituliou.
The cotton grower*- arc face to
face with another problem, one
that differs from the boll weevil
question in the fact that it pros* t b
l t t c 1 f at orcc to evi 1 \
farmer who has unv M cotton on
hand, The lute meeting ot t .
southern cotton :;rowei>' convention
unanimously rceuinmendi i
that no more cotton be sold ; i
present prices, or at any price 1 s>
than 10 cents. They insist that
o ven if wc are making a 12,0
000 bile crop, it should bo worth
and ought to command 10 cent a
pound. Cotton trade, experts
editors, of prominent n? wspapers
nnd others told the farmers a veai
ago that the world need, d a 12,000,000
bale American crop, and
that the manufacturers would lake
every bulo of it at good price-.
oomo nuviM-a me miners to
in" for siu-li ft crop without four
or apprehension. Tii"y t)i< 1 "g
in" without any particular purp -e
to produce ft 12,000,000 huh crop
but with the purpose ouch to make
iiH many bales a> possible Our
prominent men, even including ;ri
ex-prcddentiil candidate, now :o
vise the farmers to hold on to
their unsold cotton, insisting that
if the large remnant still or. hand
bo withheld from side that the
market will rcnct uud go back to
10 cents.a pound :n a few mouths.
1 hive already said that l believe
8o,too--if the farmers will stand
squarely together like u stone wall
and resist further efforts of the
boars to keep down the price. It
is to be hoped that they will?this
one time more, get together on
the 10 cents a pound or no sale
proposition, as they d:d on the
haccintr trust iiirht, "no pile bag
nn - w
ging for uic," several ycuts ago.
I do not see how any loss can result
from such a position. Certainly
it cannot reduce the pric6 still
lower than now. On tho contrary,
the natural and inevitable tendency
will be to elevate prices. Cotton
manufacturers must have cotton.
They made money 011 last
year's prices, or at least 011 prices
not in excess of 12 cent?. Cotton
speculators must have cotton to
cover contracts. The business of
buying and selling cotton, that
occupies tho braina, energy and
money of so many capitalists,
brokers and speculators, cannot
long cuuuuuu niiuiiui suiiiu
"spot" cotton. Ouehaif tho cotton
donlors would us soon sec col
ton again at 10 cents as to continue
at 7 or 8. and a "little
rather." 1 believe that if the
fanners will stick together to do
their part, tneir friends, the
"bulls," will do the rest, and we
will see cotton selling at 10 cents
in a few months just as if "nothing
had happened" to tho contrary.
Of courle at this juncture there
are a number of plans and suggestion-,
some of them wholly
visionary and impracticable, presented
to tho farmers, and it
would be a waste of time and
.i: ..... . i u~.?.
wwiuc iw U131I03 tiM'/iiJ) ika iv uao f
been a was to of apace <o print j
them. No names are here ^iven, i
nor are the feature; of any of j
these proposed plans even outlined,
so if any one "rises to explain,"
or to defend, wo will
m know that lie recquizes the fitr.i:ss<
of the above criticism. ^ ~j"Gn
r / "/
???g ^ ,\
i.' ni ' . ilc -nt llrop*.
i : r i xjsviii-:; conditio!)*
.. .i . ii ) ; A world-wide tin an
iul di-udcr, crop of 8,000,00
>d ^ ,t? it j proporly tnarkc
i >.i] 1 ? til nex? > ' n 25conti
. : j ?1. or 1, i 00,00(
\ < :? <.f 0,000,000 l> i 1 Os? woul
< ;i : i' 20 cents per poind, c
000,000; crop ?> 10,000,
K"i ; .voul.r8i.il 1. ; .3 cent
" r pound, < r #730,Optu000;]|
'Top of 11,000,000 1? 1; -? W'Utl
ell i ?r l'J cent-. per i I'll 1. $7o(
OUo.OOO; ;i crop tof Id.000,00
hales w on!il sclI for 1" cents pi
pound. or $000,000,000.
A crop of thirteen fourteen, c
iitoeii million hales would nut se
>r en* uplt in..;.' y to pay tli
o-t < f production, r.a it woul
;ivu supplies fur in oxc smf th
vvori i * needs ? nd eonsequontl
< l.ico ?lie price of raw matei
till u11d lilt mutiufactored goods t
very I >.v figures. No crop wi
ever s.; 11 tor 'Uva'n-* ?' ill ess it i
murUit d to moot tho logit<mal
demnui- of the trade. As a ru!
cotton au> ulwn\s boon cheapoi i
tho fill 1 than 'o tho spring u'n
-ummer because it is dumped o
the mar o t 1 ?o fast on a specula
Is live inste d of a Intimate mark<
Hie pro-v.nt depression in cot
'on is not legitimate and not mat
l>V tii.! spinners. It is due to a lc
of gamblers in Wall street, wli
**o!itrol the fntnro market,beeam
ill cotton isnow bought for furtui
deliver v- Tho mi is arc a I rend
oipplie 1 for six months. Th
very cotton now being sold li
farmers at 7 cents ? cxporlc.i
.ha- hoen sold to the apinnoers t
'J 1 >2 cents per pound. While
iruo n groat deal of the preset]
crop was held back, but full
i .if of the crop was sold by Dei
1st, and our only chance now
lO hold to what wo have unt
pi t suit supplies are exhaust*
and I ho spinners uro forced in
the markei.
if all the present holders of t-p
col?oti would refuse to soli for t
next GO days tho price of coth
would again advance 10 ccn!
its present legitimal W
tho farmers hold, or . ouk n
sell their cotton at u Hucritic
That is tho question w'.l i we a
up against now, and w;!| bo i
against it every year hereafter if\
fuilnow. Wa should combine toe
ry over the small uirplus of 500
000 bales which is being used
depress the price of 5,O0O,OC
hales,and reduce our ncreago no
year 25 por cent. We should g
together and determine to grow
short crop, more supplies at
make money.
A short crop will soil tor twi
as much as a largo one. YVh<
the supply is limited and detnan
heavy, prices advanced. Wht
the supply is abundant, domar
, indifferent speculation heat
and pi icos go down. *V0 can wh
Ins light l>y tying up our cott<
and reducing the acreage ne
spring. Wo have lived on 3.-ce
cotton, surely wo can arrange I
. any tho cotton now in our po
a* ion for three or-six months
order to forco llie prico back to ]
cents.
War ?de Jordun.
?'watafl* HYMTNorth
Carolina Fanners Solid
Kdci^h, N. C, Do 17?Colic
. I'o?vcr > ii.(I here; :.i .1 at varioi
ounty seals tod ly and look tl
> first stops toward tho balding <
die staple for belter pi ices. Tl
.i v ii: i.)08 passed at all the nieel
nig.-. were practically tho sain
iiid all points hoard from indica
that the farmers are acting as
unit. i he resolutions declai
that they will hold cotton for t(
runts us tho minimum price, ar
pi edge the growers l<> reduce >1
te rouge 2i> per cent. Townsli
:u\ lings will l?u l:uM- --v.* iyfl
d;:y, um.-o/T tt.Yacce to lb I
9 *ii.,iary- *<- Bennett's I
>cei y. p^'tyvjud - ,%
? * ( *
^
- ^ - wu/" ? r?* W> mm ??
Most Vioient Storm
For Several. Years. ^
f) Fifteen Schooners in Vineyard
1 I liven Blown Ashore.?Eight
?
Inches of Snow In Now
. York City.
(1 '
>r
Now York, Dec. IS.?The snow
' storm and gulo which struck the
is 1
1 coiut yesterday afternoon and cona
| J
'tinned until the early hours this
(| ^ #
t morning was the most violent that
() has occurod ,_for several years, j
. Reports from.the Now Jersey and ;
New England coast and from incoming
steamers toll of furious i
'r ,
jl gales and many disasters. I
In the citv tho snow which he : JS
10 y * *
I gnu yostorduy afternoon fell al
e most without intermission until 1 ^
^ curly this morning, by which gs
p timo eight inches had fullen. Thero ?
) was liltlo interruption of traffic,
13,900 snow shovelers and 4,000
^ ton nib Doing set to work us soon &
^ as the snow ceased fulling.to clean
o the principal thoroughfares. Iu
the afternoon the weather cleared
n
and with tlio coming o* bright
sunskiti*, Central park and the
speodwuy were thronged with
, sleighs.
3t "
SWEPT NEW ENGLAND. #
, Boston, l/ec 18.?A storm l?
le
t which nearly reached the propor- ^
lions of a hurricane sweat over
| southern New England today. ^1
(i The snowfall, especially along the
! coast liom Now London, Conn.,
y , ? *
I to Cane Cod. was unusually (V
e i 4 j \ 'i
. j heavy, while a wind velocity of 60
| miles an hour was icacked at L
; Block Island, R 1.
. i For the second time within tlje
I past live years Vineyard Haven,
it ' .
the favorite uncnorage for coast
^ wise shipping, proved a trap, for
. tho northeast gale blowing direct.,
! ly iuto tho harbor, toro 15
D .
^ j schooners from their moorings
. and drove thciu ashore. ? _
io - ? ^
Two feet Of Snow,
at' New port R. I., Dec. 18.?As
he | a result of the worst blizzard
on that has visited this city in ninny
?s, years,all local traffic is practically
ill at a standstill. v
nd The storm began at midnight *
e> last night and abated at noon tore
day.
jp On u level the snow is moie
ve thaii two.feet in depth, while a
:ir Htroug wind has piled up drifts
i,s "hat block the streots.
to n
)0 Died of Hydroyphobla. \
et (Charlotte N. C., Doc.18.?Hot- iu
h ace Hoffman son of a wealthy
id citizen of Burke county, died at
his home six miles from Morganco
ton this morning of hydrophobia,
jn ilonman and Iuh brother both
d were bitten November 8th. They
in both went to Baltimore and were
id givon three weeks treatment at
ry the Dusteur institute, returning
ip home a few daysngo. Yesterday
in the symptoms of rabios devoloped
xt in the younger brother aid death
nt in a violent form ensued today,
to The elder brother has as yet mani
'S- fested no signs of tlio disease.
I A ri < '< ' " ?
LV/ Dispensary nnaru uets trmougn 1
to Float a Ship.
Columbia, Dec. 15.?The State
beard of directors of the dispensary
today made their iponthly
,n purhases. Thoy bought 2,200 bar11
s i els of liquor and 15,G50 cases of
K" liquors, two cars of beer and 100
cases of glass bottles and glasu10
ware.
e) Will Hold 10,000 Hales,
te
Macon, On., Dec 13.?Farmers
>n of Twiggs, Winnsboro, Laurens
id and Fulaski counties, Ga., have ut
,c a monster mass meeting decided to
'F jjold 10,000 bales cotton which
w ? now have in hand, until it
J| bring 10 cents per pound in
UHEfre market.
. >1
et
?. v -v.
^ius?>n lie
Nk%JV
BAR(
$160 IU BO
Ji
?or the n@:
^oing to
Hight nd
Clothing, ?
Our object in ci
5 to benefit the ti
oods for the leaf
toek as much as
re are going- to r
hanges in stock
art of building- a
re at present.
This will be an
: : SUCH
as we have at
to make such
in order to m
Ve mean husines
we ask is for
our stock and
convinced tin
i? Uiifi at lis
before the st<
get the best
one moil
THANK!
>A RON AGE Al>
LRE,
Lanc
f 'j NO A v
* I AUDlToW, l/(\ T
t., 8 O., Dec 8th 1
. ?rj"
/'*
jAIN SEI
LP TO EE Bill
^ ? **if X<^ %
/-% ^ jr V jrv
xt 80 days
slanght?]
Ivjfi'ff: oisiT! dr
? ? sv' wmrm v.v noiooi Xk^ai ?uOi
Shoes? etc?
XXXXXXX
ittiug prices for {]
rude by giving tl
ri money. Also
possible by the 1
epair our buildi
by moving dry g
nd groceries win
immense job to 1
A LARGE SIC
present" arid' tliii
inducements to t
ake the goods wa
is in what we si
you to come ar
I cut prices and
it what we say is
it ni
lib. itt
lIBlWfilV
>ek is g;*eatiy red
advantage, for r<
th is a very short
NG EVERY ON
U) HOPING FO
Your" io
m k Ira
:aster S.
,f _
. ,v;'- "?>
iKERS!
I AWAY
i we are
r prices
y goods,
he next month
lem the best
to reduce our
st of-)unM as
ng- and make
oods in lower
ire dry goods
lave to move
CK : :
ik it best ' ?
;he public
Ik abou.
ly and all
id inspect
ou will be
true.
ir IHritos
I need and
^member
; time.
E FOB PAST
R MORE, WE
serve.
n
b.