For everything give thanks !
TO THE PEOPLE OF THE SOUTH.
J'resldViit ltfotor l. I. line Writes of the
.:nro;iui) Cotto:i Speculators.
Nkw Ohi.eans, January oO. Hon.
Hector 1). Lane, of Alabama, president
j of the American cotton growers pro
J teetive association, has furnished the
j following significant memorandum for
! publication to the people of the south :
j European speculators arc today selling cot-
! ion in iivt'rpooi lor ueuvery in ejciouer. io-
..,.,, ,.(r1,mr , a. nPi. ,nivai,nt
to about four cents on farms in the south for
middling or live cents at the ports. Helieving
that another 9.5XUIG0 or larger crop will be
grown in America, which would insure them a
u profit of at least one cent per pound, which
would mean to the farmer about three cents at
the railroad stations next autumn when cotton
is moving in large volumes It is not to be
supposed that these shrewd European cotton
people are aggressively selling the next crop at
equal to four cents unless they have excellent
reasons for believing that the south will plant
for another monster crop.
The
v are confident on informatio.; f-.-rnished
that Texas will not decrease its acreage
tueui tliat 1 exas wui not decrease Its acreage
therefore, believing this to be true to such an
extent that they will be able to pay back dur
ing next fall the cotton they are now selling at
much lower prices realizing thereby handsome
profits.
it remains with the farmers and nierehunts
of the south to say whether thet,c European
tpei ulators will he iiennitted to reap a golden
harvet at the expense of the farms, planta-
mm. lunus, t'Ma.u uuu securities ot iao
fcouth.
