Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1902-10-23
WAREHOUSES ON The FARM.

II must be patent 20 every pro0uceT OF
cotton throughout the belt this season,
that the prices paid for the staple have
been regulated BY the daily receipts on the
local markets. and that legitimate demand
for consumption has had nothing what
ever 70 do with the price. have talked
with many leading exporters and large
cotton buyers on the subject and they
ali. without an exception. admit that
heavy receipts have more than all things
else regulated the price OF cotton for the
mast two months. There are two import
ant facts which none have the temer1ty
70 deny those are. first. that there Is an
unprecedented demand for cotton goods
IN al parts OF the civilized world. and
that the outlook for ine business by the
manufacturer for the next twelve months
was never brighter. secondly, that the
bearfsh element was never more umid
realizing that a crop too short TO meet
the worlds demand Is inevitable The
bull element. notwithstanding the rap
ia marketing Of the crop has been I'M
precedented. has been the stronger OF the
forces in the speculative market and
have succeeded IN keeping the price OF cot
ton up TO cents per pound In spite OF
the farmers and the Liverpool markets
The producers have had an eye this sea-
son single TO one purpose and that 70
pick and gin the crop as rapidly as posi-
bic and dump Il on the market II made
no difference whether the buyers wanted
the staple or not Europe has largely
kept out Of the market. and has stead
tasty refused TO meet the prices paid by
the interior buyers. the sentiment across
the waters being that IL so much cotton
IS being placed upon the market 50 early
in the season. there must be an over
wheImingIy big crop TO be harvested. and
that they would wait until later and come
fssz
no other inference drawn from the &C
lions OF the European spinners. and the
prices sent across by the exporters.
have taken great pains and time TO dis
cuSs the problem which confronts the
producers in marketing their cotton so as
to secure its value. and have talked with
prominent bankers. merchants and buy
ers. on the subject. and they uniformly
agree that the only hope for the producers
is 70 introduce a system OF marketing
the crop slowly. selling through longer
period OF time and thereby gradually reg
uIating the supply TO meet the legitimate
demand OF the spinner This is the only
business view TO take Of the situation, II
is the only method which can be success
fully pursued in handling any product.
either from the farm, mandatory, or
other line OF industry. There is not now,
nor has there been for some time, any de-
mand whatever by the spinners for raw
cotton At the opening of the season the
splnners promptly laid in a temporary
supply and then retired from the market.
rendering the market for spot cotton a
speculative one. and giving the buyers
every opportunity TO keep down prices,
the spInners making purchases for future
delivery. and getting their supplies much
cheaper IN that way than in coming into
the market as active purchasers for cot
ton to last them for the next twelve
months.
What Is the Remedy
What are two remedies to meet the ex-
listing necessities Of the situation from
the producers standpoint There are three
classes of farmers, only two of which
may be material factors in bringing about
q proper, solution OF existing troubles.
One class Of our cotton producers puts all
the burden OF making the cotton crop on
the scale Of the staple. and as they owe
what they make before Il is gathered. the
product Of their fields must go upon the
market at once 20 meet the demands Of
the merchant who furnished the supplies.
The second class do better and are not
forced to sen all Of their cotton as Il is
gfnned in order 70 meet out standing OBJ
LEGATIONS. This class may place a part Of
their cotton in ware houses and draw suf
fcient money on the receipts from their
local banks so as secure ready money,
and still De able 70 mold 1nefr cotton and
sell il slowly through each month. and
at such times as there may be a ready
demand at good prices The third class
is composed OF farmers who are independ-
ent BY the adoption Of proper methods of
farming and can sell or hold their cotton
at home Just as they please. BY coop
erative action among these two latter
classes the heavy rush on the market in
the early season may be avoided. and
GOOD prices viii be received by those who
are forced 20 sell. as well as for such sales
as viii be put upon the market by the two
classes referred 20. Much has been writ
ten about bonded warehouses for storing
cotton BY farmers and borrowing money
on the receipts. This is well enough for
those who cannot obtain money otherwise.
but for the independent farmer. my plan
has always been 20 store the cotton on the
farm where IL has been produced until
such time as the owner wants to market
f.
have adopted this plan in holding my
own cotton this season. and have con-
structed a ireproof warehouse 70 be used
for that purpose The cost OF such a
building is not 50 great as might at first
be considered. viii give some figures on
the cost OF a building OF the kind named
and OF such a size as win meet the wants
OF the average farmer. or say a building
that viii easily hold 80 bales OF square cot
ton. Specifications OF a frame building
mon which the sheet iron Is TO be fasten-
ed. Dimensions. skis feet. by II feet