The Brandon news. (Brandon, Miss.) 1892-1961, 1905-05-04
TOO MUCH COTTON
BEING MARKETED
WHICH WILL DEPRECIATE
PRICE NEXT FALL.
SULLY ADDRESSES PEOPLE
Urging Farmers not To Sell Another
bale Of Their Cotton for sixty days
and continue to Be Masters of the
I Situation.

Atlanta, Ga. -PreSldent JORDAN says
that too much cotton has been finding
its way to the market lately, and the
fact that so much cotton is being sold
will have large influence in depre-
ciating the price next fall, unless the
sales are stopped. Cotton mills and
cotton dealers are buying all they can
at the present prices, and unless the
farmers and others who have cotton
IN their possession stop these sales the
surplus which is not being held will
all be upon the market next fall when
the new crop comes in. President
Harvie Jordan, of the Southern Cot
ton Association, calls attention to this
fact, and says the question, "Why sell
for z cents now when in a few months
you can get 10 cents?'
Unless the spot holders of cotton in
the south are satisfied with present
low prices they are losing golden OPP
portunity to reach a rich harvest in
the near future. The best and quick
est way to depress the market and hold
prices down is to throw the cotton on
the market as is now being done. If
heavy selling continues the spinners
and exporters will get enough cotton
to meet all demands for consumption
In 1905, but will control the surplus
also
There has already been nearly
enough cotton sold to run the mills to
August and if the sales continue as at
present the surplus will also pass into
the hands of other people. With a
surplus of 100000 bales Of cotton
in the possession of the spinners and
exporters there will be only a specu-
lative demand for the new cotton next
August and September.
Southern spot holders have won a
notable victory since January by their
persistency in holding their cotton and
have added at least thirty million dol
lars in value to the cotton they hold
which would have been sacrificed had
they rushed the staple on the market
after the December slump. If they
will now stop selling and turn their en-
tire attention to reduction of cotton
acreage a greater victory can yet be
won.
Protection Guaranteed.
Beyond all question of doubt the
cotton acreage and the use of guano
under cotton will be heavily cut for
1905. This fact when firmly establish
ed will greatly strengthen the cotton
market. 1t will mean a short crop for
1905. The Cotton Planters Commits
sion and Holding Company, with W.
P. Brown, of New Orleans, president,
will begin actively to solicit cotton
early in May and undertake to retire
and care for the surplus produced in
1904.
With the acreage reduced and the
surplus removed from the market, yet
still in the hands Of the farmers, it
will leave only enough cotton to keep
bHC Hills So1H9 until aug uSJ anu luOSS
who have cotton to sell will be able to
get good prices for it. The Cotton
Holding company will be powerless to
protect the spot holders IT, they con-
tinue to rush the staple on lie market
This is the worst possible time to
Weaken and the movement should stop
at once.
Why sell cotton at cents when it
can be easily sold at 10 cents by prop
err and systematic marketing. The
present continued heavy selling is slow
ly but surely carrying the market
down and causing a loss of confidence
in the Stab,r'y Of farmers to stand by
their agreement.
Mr.. Sully's Letter.
To the Farmers: Victory is yours
0winc to lie marv-l..ls abil ty ,ou
have shown to the world in your de-
termination to hold you Gotten, you
have awakened all The civilized nations
to the enormity Of the great possible
ties of yourselves and Of the south.
You are masters Of the situation, and
upon you devolves, now that you have
won your victory, thai You should reap