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Page Four THE CLINTON CHRONICLE WHERE CO YOU GO FROM HERE, COTTON; HOW HIGH WILE YOU BE! jn A!r.ca Jnd S t Thr Can Hu two Ca (By J. A. Darby in Charlotte News). Carolina textile mill executives and cotton dealers are wondering where the relatively scarce cotton bales will go from here—and at what prices. Cotton markets of the worid, a few strategic material in wartime, cur rently is practically banned from the world trade because of an unprece dented supply crisis. Cotton markets f the world, a few of which remain open, are involved in turmoil, reflecting recently im posed, drastic American Government export restrictions. Lnd Not in Sight Representative men, among the numerous Chariotteans widely known , in the spot cotton trade, said today tha,t the end is not in sight lor tjtis; series of Governmental actions, at Washington and in capitals of other cotton-textile nations, especially Pak- . ntan ind India. When the United States, in histor-, ic action a week ago, imposed tight limitations on cotton exports, the! price of Paki.'.tan cotton boomed to around 60 cents per pound. That was about 20 cents per pound above the quota*..on prevailingf then in the still excited Amen an markets. Pakistan immediately banned all dealings ia cotton find embargoed, exports. Tnn .ms a severe econom-; i>. blow to ajaccnt jlndia and some i other cotton consuming countries, j Cotton is selling in Brazil around • 54 1-5 cents and in Mexico around j 5<i len s per pound. tJro.’.amic influences of this world tr ie upset spread vnth varying im- p.i.ts upon cott -n producing nations) and South America. •iinaC Stake rolinas particularly \ h- re - tremendously important stake ir. th.» situat.an The two states! hu.e more than one«third of ali the n/.ton spind.es in tne United States , Tnr*e mills empl *y nearly WO.000 rr• n and women Hundreds of men are engaged in «< !:ng raw cotton and cotton textile* lr.cn. there are the many thousands o' Carolina cott an growers, who sus- ta.r.ed se\rre financial iosaes this so.nvnef wher. the bull wevv.l and unfavorable weather broadly reduced yu ds The S.>o:h % cation output this year Is esTimatel at g bOO.EIOC bales, com■ pares! arr.h lt.g0Q.000 bales last year The Washm^tun Government, fllMrtU 1> befurv restricting cotton export*, lifted at. restrictim* on cotton acre age next year and urged painting Us* w-rd a 14 000.00b-bale crop* The-, came ’-he export roatroU and' the Near York and New Orleans cot- Ion futures markets went into price nose ones In six trading days prior U. Tuesday, cotton prices deci.ned as, mu.n as f 17 M per bate krtsaa Pruiesled Meaniime. storms of proCMt against tne timing of the Amer.canI export control order came from the' highly p.accd poUtical sources over* the S*<uth, from leader* of fanners*| organizations, from spokesmen to* j the cotton dealers, and from other bu-mest sour.es Even the cotton manufacturers have rvecome worried Their mills! are operating at capacity and de-j mar.d is unusually heavy for com bined need* of the national rearma-l merit program and the 150,000.000 ci vilian Americans. The break in cot ton price . with textiles sold already in great volume for deliveries thraugn next March or later, created a pro-pect of upset textile prices and actual or paper losses in cotton mill in; entones. Farnici o leaders in several stales urged cotton growers to start now converting cotton land into pastures. North Carolina Agriculture Commis sioner Balie/itine saw economic dan ger there. He quickly warned that Carolina cotton, growers should gu slow about any additional, great switch from cotton production. He emphasized that normally cotton is one ot the two major sources (tobac co is the other) of North Carolina /arm income. This possible trend toward replac ing cotton with pastures and live stock treated in many quarters a fear that something like a rebellion on the part of tarms might result from the break in cotton prices at the time of this season’s peak marw- eting. Many critics of the timing of the U. S. exports control order are basing their criticisms on the fact that the Dept, of Agriculture chose October instead of December, after the cot.on had moved from growers’ hands. High Cost Farming In the background of this disquiet ing agricultural-tendency is the wide spread knowledge that, at best cot ton prouction now is a high cost farm activity. This cost problem, plus boll wee vils, weather uncertainties, and fer tilizer shortages, was emphasized in directly by a warning issued to cot ton growers by Clemson College’s ex tension advisory committee. The Clemson committee urged cot ton farmers to buy now all the sup plies cf nitrogen, potash, and in sect poisons that they expect to need next Summer in their efforts to meet the nation's need for a great crop. This committee explained that these essentia! materials for agriculture will be acutely scarce next spring. / Mississippi Valley, Memphis area, and Texas organizations of farmers and cotton shippers are exerting heavy pressures upon their United States Senators to obtain at least some considerable modification of the U. S. cotton export license order. Those are the great cotton growing areas, as the crop continues its slow, steady movement westward from the Carolinas. Restrictions on exports haji been advocated strongly for several weeks prior to the issue of the U. S. order. Trade reports frequently said that the American mills were urgently de siring adequate protection for their supplies, expected to total around 11,000,000 bales in this crop year. Grer.t Britain, reacting promptly to these signs of coming limitations, be gan scouring all other cotton supply sources of the world for replacements for cotton from America. Canada Exempt The Economic Co-operation Ad ministration’s industries, as well as the textile industries of France, Bel gium, Germany, Holland, and Japan, received jolts from the U. S. exports curbs. However, U. S. cotton exports to Canada were exempted from the order. The first of a possible extended series of high level conferences is being held at Washington in the ef fort to obtain modification of' these curbs. Available indications through trade channels are that the objec tives of these meetings are related more to the longer term than to un doing whatever adverse consequen ces the controls have had on the pre sent trade and prices. Meantime, the answer to the ques tion: "Where does cotton go from here”, may not be definitely known until next mid-summer—and until then scarcity of cotton must persist. = Thursday, October 26, 1950 Your One Tire Investment 000 formant tears to come jt-—t R0YALTEX Alort W*on 3000 holding fingon pot tiro SKIP MOTfCnON NEVE* POSSIBLE BEFORE Dr. Felder Smith Optometrfait Laurens, S. C. IM EAST MAIN BTUEFT Keath *14* Pabltc **aarw HOI IS FOB EYI- EX AMIN VTION* t M la I 10 «V*4a*MUrx t — la 1I M Phorna 794 for Appoint Skid Protection, Blowout Protection, Lite Protection ...never possible before! Amy type ol Hand and Power LAWN MOWER COX SEED CLEANERS Phone 293 — Florida SL You Get 60% MORE SAFE MILES With aU-vrather safety and tkid protection, never known before. 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