The Forrest City times., 1896-01-03
Cotton AoreaEe for le9G.

MEMPHIS, TENE.. December 34th, 1895. At general meeting of the Memphis Cotton Exchange. held December 2S. 1895. the following resolutions were unani- 1 mously adopted
 The cotton crop of 1894 95 aggregated
 the enorinoas total of 990i .251 bales. and greatly exceeded the requirements af the world 8 manufacturers The marketing of this enormous crop depressed prices to such au extent that values were the low
 est known in the past fifty years.
 The commercial value of the total crop was o297 ,U37, ,530 and only exceeded the 1 short crop of ls92- -93 S12 ,272 ,olS. although
 the production was 3 200 ,988 bales greater. lhi5 enormous crop, with it's prsportion- ateiy low pTfce, netted the producer less ih0ley than will the present crop with smaller acreage and production of near ly one-third less in bales.
 It having been pacticaily demonstrated hy the results Q. the present season that &
 small crop Of cotton actually brings to the producer more money than an extremely
 large crop. and that the Southern cotton producers having grown their supplies as nome, thereby making cotton the surplus or money crop, are generally In better financial condition than they have been in years, 1t Is unquestseDably to the interest or farmers not to produce a crop greater than the requirements of manufacturers. The growing of large crop Of cotton
 entails approximately greater expense
 than small crop. The cultivating, pick lng, ginning, freight, etc. marketing the additional bales Is an immense item, espe- cially so when prices are depreciated by the fact that the crop Is large one Experience Of the past has demonstrated tbas in large crop year, with deprecated prices Of cotton, rental and realty values also appreciate, whereas, with small crop aHd better prices, rental and realty values Improve approximately. The high range Of prices which have prevailed this season l as compared to last season has been, we fear, the means of stimulating on the part l Of planters desire to increase the acreage CT cotton for the coming year, and con- sumers are now holding off in laying in a supply of the staple under the belief that | an increase in the acreage will depreciata present prices and enable them to get what ! they need st lower values.
 Another matter for the farmers to bear in mind is that at the present time. when there IS remote possibility of a war fl 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 1t
 Resolved, That the Memphis Cotton Ex- change urgently recommends to the pro- ducers that the production of home sup plies be made the first consideration in planting operations for the coming year,
 and the acreage of cotton be not increased over that of last year.
 Resolved, That we approve and indorse the American Cotton Growers Association for bringing about the reduction in the acreage of the crop now being marketed, and We respectfully urge the Hon. Hector D. Lane. the president. and his cOadjutors. the presidents Of the various cotton states Ot said association, 10 continue in the good work, and to take up the matter at the earliest practicable moment and urge it again upon the attention of the cotton producers of the South,
 Resolved, That the various cotton ex- changes throughout the South be and are hereby requested to cooperate with this exchange i'll this matter. and that the Southern newspapers are also requested 10 publish these resolutions.
 l. MCD. MASSEY. President.
 Henry Hotter, Secretary.