The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1905-07-11

ing the next eighteen months. The low
atty Of Southern farmers In standing to-
gether during the first three months Of
the year and holding their stpple OF
depressed cotton market and sollowing
this by curtailing proiuctior for 1905 by
materially reducing the cotton acreage
and use OF guano under cottor IS more
largely responsible for ine present CON
/ idition Of good prices than an otter ctqses
combined.
The loyalty OF Southern bankers cot-
ton men, fertilizer companies and busi-
ness men generally who have 50 gerer-
ously contributed funds to the associa-
tion, and the Southern press which. iur-
ing the hard struggle Of the farmers for
the past six months TO whip the Fight
they has undertaken. has dele 'ch val
liant and effective public service without
price are other highly important factors
in malin'y possible existing conditions.
All Of hose things coupled with tad
seasons following in the wake D. a heaV-
iy reduced acreage and an enornour de.
mand for spot cotton by the s3iuners Of
the world gives 20 cotton the strongest
statistical position It has occupied in
lmany years IT crop conditiors do not
rapidly improve the supply Of raw cot
ton for consumption in '906 will iali fdi
short Of the demand ard prices wln so
! very much higher 3ut abnouAady s,ga
prices will be as dargf roIs f TIE fu-
tnre to tie producer ara spinaiag ~ 80
normally low prices and we 'lJst rn-
deavor to be conservative anc consist
ent.
| IT win be the part OF wi~drm sor AZ
cotton producers to disc7umga specula-
/ Tive Interests that WOULD end TO drive
the price Of grot cotton atoye IL CENTS
per pound Just as it is imperative .hat
no farmer shail ever again sch 2 round
Of middling cotton nnder 10 CENTS per
pound Let us not encourage mnated
prices thar will hamper the mills cur
tail consumption OF cotton Rod encourage
the growth Of the staple in foreign fields.
We hold complete monopoly o. tile cot
ton Industry OF the world up TO Il cents
per pound and at tina, price good prahts
to the producer can be realized.
Selling for Future Delivery.
The recent advance in cotton Is in
ducing many farmers olready to SCH
their crop for delivery in October. This is
bad policy and if indulged in nerally,
viii induce such an enirmous hnounf Of
the staple on this market during that
month as 10 break prices and prove in
furious to those who must sell Learn
TO market the crop slowly and do not
20 into speculative propositions.
BY cooperative action refuse to sell
any cotton under 10 cents and 50 market
the staple as to keep the legitimate de-
mand active and healthy at good prices.
The Southern Cotton associa' ion ia It's
meeting at Memphis, June %, 1905, en-
dorsed the plans for Immediate constitute
tion Of warehouses under the plans a7fd
specifications of the insurance companies
and TO be owned and operated by the To-
cal communities in which they are built.
The rapid development o. cotton ware
house system is absolutely essential TO
the best system Of marketing cotton for
high prices and this matter should be
pushed at every cotton point in The
| South.
Increasing the Membership.
II Is now imperative that the farmers
rally in each county and builG up the