The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1895-12-30
FOR LESS ACREAGE.
The Memphis Cotton Exchange Speaks
To The Cotton PrOduces-Facts and
Figures Worthy Consideration.

At a gene. al meeting of the Mem
phis Cotton Exchange, held Dec. %,
1895, the following Resolutions were
unanimously adopted.
Whereas, The cotton crop 0: 1894
95, aggregated the enormous total of
1901 PSI bales, and greatly exceed
ed the requirements of the worlds
manufacturers. The marketing of
this enormous crop depressed prices
to such an extent that values were
the lowest known in the past fifty
years.
Whereas, The commercial value of
the total crop was 1921, ,O37 $50, and
only exceeded the short crop of 1892
SO, S12, ,272 ,O1s, although the produc-
ton was 5000, 1856 bales greater. This
enormous crop, with it's proportion
ately low price, netted the producer
less money than will the present crop
with small acreage and a produc-
ton of nearly one-third less in bales.
Whereas, 1t having been practical
Il demonstrated by the results of the
present season that a small crop of
cotton actually brings to the producer
more money than an extremely large
crop, ard that the Southern cotton
producers having grown their sup
plies at home, thereby making cot
ton the surplus or money crop, are
generally in better financial condi-
ton than they have been in years, it
is unquestionably to the interest of
the farmers not to produce 4 crop
greater than the requirements of
manufacturers. The growing of a
large crop of cotton entails proper
tionately greater expense than a
small crop. The cultivating, picking,
ginning freight, ETC., in marketing
/ the additional bales is an immense
item, especially so when prices are
deprecated by the fact that the crop
is large one. Experience of the
past has demonstrated that in large
crop year, with deprecated prices of
cotton, rental and realty values also
depreciate, whereas, with a small
/ CAOP anu OCNACA PAAOCof ACAAS0A anu
realty values improve proportionate-
Fly. The high range of prices have
prevailed this season as compared to
last season has been, we fear, the
means of stimulating on the part of
planters a desire to increase the
acreage of cotton for the coming year,
and consumers are now holding off
in laying in supply of the staple
under belief that an increase in the
acreage will depreciate present prices
and enable them to get what they
need at lower values.
/ Whereas, Another matter for the
farmers to bear in mind, is that at
the present time when there is a re-
mote possibility of a war, if such
should occur, the inevitable result
thereof would be to depreciate the
value of cotton and appreciate the
value of all food crops; therefore be
/ il
/ Resolved, That the Memphis Cot
ton Exchange urgently recommends
to the producers that the production
of home supplies he made the first
consideration in planting operations
for the coming years, and the acreage
of cotton not be increased over that
of last year.
/ Resolved, That we approve and in
dorse the American Cotton Growers
Association for bringing about the
reduction in the acreage of he crop
now being marked, and we respect
fully urge the Hon. Hector d. Lane,
the president, and his coadjutcrs,
the presidents of the various cotton
states of said Association, to contin-
ue in the good work, and to take
up the matter at the earliest practical
bic moment and urge it again upon
the cotton producers of the South.
Resolved, That the various Cotton
Exchanges throughout the South be
and are hereby requested to cooper
ate with this Exchange in this mat
ter, and the Southern newspapers
are also requested to publish these
resolutions.
Pile ND VOur cord wood on tho ont