The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-22
Tha Cotton Seed OIL Trust.

The cotton seed oil trust has become ar
incorporation, and its capital stock has beer
increased to $50, 900, 900. A charter was OBJ
tanned from the legislature Of New Jersey
last winter, and the legal requirement.
necessary to put the corporation into work
ing order have just been complied with
The cotton seed oil combination is therefore
New Jersey corporation and the impress
sion is that its purpose is to carry on much
larger business than ever before.
The trust certificates have ban in de-
mand in New York for several days, but
they have not been easy TO obtain. 1t Is
asserted that they are in strong hands, and
will remain there unless a much higher
price than rules in the market at present is
offered for them. They are 10 be exchanged,
it 10 understood, for certificates in the New
Jersey corporation, share for share.
The alliances have done nothing toward
SECURING better price for cotton seed
They are busy now trying to defeat the jute
bagging combination. When they get
through with that job they may give some
attention to the cotton seed oil trust They
have been complaining for several years
that they do not get a fair price for cotton
seed. 1t is probable that in cases in which
it has to be transported long distances it
would paw them better to use it as a fertil-
izer. great many farmers pursue that
course, and it is probable that they are wise
in doing so. Too many of the farmers do
not feed tleir land enough. They take too
much off it and put too little on.
There is no doubt that the cotton oil mills
make money, and, being in a combination,
they can dictate prices for cotton seed, and
also for cotton seed products. The dsmaHd
for cotton seed products is steadily m
creasing, and it would seem as if the price
of cotton seed, under these circumstances,
would improve. The cotton seed oil cor
poration, however, will give no more for
cotton seed than it has to.
One Of the leading men in the cotton seed
trust, in New York the other day, is re-
ported to have said: "Phe American Cotton
Oil Trust and the Southern Cotton Oil Com
pany crush S. per cent. of all the cotton
seed sent to market. Why should they pay
more for it than it is worth, according to
the market value of the products obtained
from It? OF course they should not pay more
than they can afford to, but do they pay as
much? Could they not pay the farmers a
little more for cotton seed and yet make
good profitss That is the question the
farmers would like to have answered, and
1t is not improbable that they will demand
an answer to it when they are little better
organized, and are in position to find out
exactly what the cotton seed oil mills can
afford to pay them.
1t is a question whether it would not pay
farmers better to devote their energies to
the building of mills for the manufacture
Of covering for their cotton and for the
crushing of cotton seed than to the estab-
lishment. of alliance stores and the fighting
of the jute trust in the way they are at
present fighting it. However, it is for them
to determine whether they are pursuing the
course that is best calculated to promote
their interests. With mills to crush their
seed and manufacture bagging from the
cheapest obtainable material, they would be
pretty nearly independent of trusts.