The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1904-09-21
SHOULD BRING TEN CENTS.
Farmers Urged to Get That Price or
Hold Their Cotton.

Hon HariGe Jordan, one OF tne oeSe
known farmers in the United States,
who is president OF the Southern COT
ton Growers Association and the
National Farmers Congress, is out IN
a strong interview, in which he urges
the farmers OF the south to hold their
cotton back and not flood the market
with it. He says it will mean higher
prices, and better tines. The inter.
view is Of vital interest to merchants
and farmers throughout the south
and Mr., Jordan says if the plan can
be successfully worked out, it will
mean additional millions to the
south's wealth within the next year
or two. Mr.. Jordan'S interview fol-
lows:
''The rapid and continuous ceteri-
oration Of the cotton crop due to
drouth, wilt, insects and fungus
diseases in the old states east OF the
Mississippi river, and heavy damages
in Texas from storm, boil weeGlls and
coil worms render the situation very
different from what the outlook pre-
sented on the first day Of August.
1.-THE late crop is virtually failure
whether we have frost before Novem-
Der or not. There are but few honest
statisticians who would say that this
crop will reach more than II, 900, 600
bales of cotton. the estimate from
tie Texas people places the yield at
10, 900, 900 bales. But even II we
harvest IL, 900, 900 bales there must
! necessarily be a shortage in mill
stocks before we can plant and cult.
yate another crop. S0me OF our
largest mills in Georgia are actively
buying their supplies at present prices
for the next years consumption, which
indicates that Georgia spinners realize
that we are faced with another short
crop and also that present prices for
the raw material are not too high.
Farmers who are paying high prices
for cotton pickers so as to get their
cotton out to be ginned and thrown
on the market quickly are doing more
to depress prices right now than any
body else. Gather the crop as rapidly
possible. but do not rush the staple
too fast on the market. Store the seed
cotton in outhouseS OF have it ginned
and hold it.
Let every producer determine that
ten cents per pound shall be the
mini mum price at which his cotton
shall be sold. The mills can well
afford to pay y cents per pound for
all middlipg grade cotton under exist
inc conditions aud if the market is
not rushed higher prices than those
at present will soon be cff rcd. can
not fully emphasize the hlgn impor-
tance Of moving the crop slowly to the
markets this season.
Sixty days later when the situation
Of the crop is fully known to the trade
at home and abroad the demand for
our cotton will be intense and those
who have the staple still in their con-
troll will receive it's full value. Sell
only enough cotton to meet the press
ing demands Of the present ana If the
balance is held at home, store it IN.
der good cover 50 as to protect tie
staple from the weather.
s'Those who need some money to
meet maturing obligations in October
can store their cotton in local ware
houses and use the receipts to secure
loans from local banks. Your cotton
has already been sold for future de-
livery by brokers and exporters who
expect the markets to be delpged with
the rush OF the staple as in past years.
Check this rush and teach these
speculators lesson during the next
sixty days. The cotton mills are quite
willing to pay prices ranging between
10 and - cents per pound for this
crop, and it will simply be a needless
sacrifice to sell any cotton under ten
cents per pound.
'sStand steadfast Tor high prices
this season and your position will be
maintained. This crop should bring
to the producers not less than $780,
900, 900. Hold your cotton seed for
higher prices and refuse to accept the
present low prices offered by the rep.
resentatiyes of the cotton seed oil
mills.
Every ton Of cotton seed is worth
sl5 as a fertilizer, and no farmer can
afford to sell and deliver ton Of cot
ton seed to the oil mill for less than
s18 to $40 per ton. The present price
OF cotton seed is fully s6 per ton too
low"
rrn ~