The Montgomery advertiser., 1904-09-11
Montgomery Agricultural As
 S0ciati0n Meets.
Iastened to Interesting Address by Section Director Chance of weather Bureau and Dis- Nussed Methods of
 Dsrming

The holding of cotton by farmers until satisfactory prices are onereo anu the greatly beneficial effect of diversi. fled crops were strongly advocateo a' the meeting of the Montgomery Couh- ty Agricultural Association held yes tsrday at noon in a report by the Ex- ecutive Committee which was heartily adopted by the members of the Asso-
 The early marketing of cotton was termed as suicidal policy for the farmer who could afford to hold 1t Tor equitable prices. The detertoration oL cotton and the causes for the state ot affairs were thoroughly discussed ana the fovernment report on the cotton crop was criticised for its high esti- mate of the years production.
 An excellent address by F. P. Chaf- fee. Section Director for Alabama of the United States Weather Bureau, on the subject of the relations between the weather man and the farmer was warmly received by the Association.
 It was nearly 12 o'clock when PreSf- dent M B. Houghton called the meet ing to order in Commercial Hall. It was said that the rush of cotton to market, the meeting of the County Ex- ecutive Committee and other causes prevented many of the members from being in attendance.
 J. A. Sellers, Chairman of the Ex- ecutive Committee presented the names of J. S. Dowdell and Edward Huber for membership and they were unan- imously elected.
 Executive Committees Report.
 Mir. Sellers as Chairman also had the Secretary to read the following inter- esting report of the Executive Com mittee which, after discussion, was on motion adopted and ordered printed as an expression of the views of the As- sociation:
 Two questions of such great i'm portance confront the farmer at this time, that your Executive Committee desires full and free discussion of them. These two questions are. first. the suicidal policy of marketing our cotton crop in four or five months: and, second, the present deterioration of cotton and its causes.
 That there has been a great deal of cotton sold for future delivery. there can be no doubt; and that the time is fast approaching when this cotton must be delivered Is also a certainty. If the farmers will only place their cotton upon the market as 1t is needed. they can command a much better price than by rushing it to market in four or five months. There was a time, few years ago, when we were compelled to sell as fast as the crop was gathered. the farmers all be- Ing in debt, and the banks borrowing money from the East. Affairs in the South, however, have undergone a change; many of the farmers are now put of debt, and our banks, with very large deposits of home capital, are en- abled to give them any assistance which they may need
 With our present banking faciIl leies. we can carry the cotton as cheapIy. if not more cheaply, in the South than in New England or Europe, and as to the benefits to-be derived from conductins this great financial operation within our own borders. no man need speak they would be almost beyond computa- ton.
 Advised to Hold Cotton.
 Your committee advises the farm CTS against putting their cotton on the market with the usual rush. We believe the demand will be greater and the price necessarily higher if a more deliberate course is pursued.
 The government report. issued on the 2d inst. is, in our opinion, entirely too high, owing to the serious deterior- atfon in cotton, both previous to and since the publication of the report.