The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-11-23
TO HOLD COTTON
FOR FIFTEEN CENTS
THE BULL COTTON CAMPAIGN
rs LAUNCHED.
GOOD MEN BEHIND VENTURE
Hayne, Brown and Jordan and Others
of Big Financial Standing Adopt
Plans by Which to Hold Three Mil
lion Bales.

New Orleans. old time bulls are
| getting together, and at a conference
held in New Orleans day or two ago
at which there were present sueh men
as Frank B. Hayne, w. P. Brown,
Harvie Jordan President of the South
ern Cotton Association and others
equally as active in sustaining the
price of American grown cotton, def
mite plans were adopted for the
launching of the most ambitious bull
campaign that the cotton world has
yet had to consider. This is nothing
more nor less than the tieing up un-
der contract of some 100000 bales
of cotton which is to be held until the
mills are ready to pay Is cents per
pound, basis middling, for it.
In defense of the practicability of
this plan, it was pointed out that the
current crop can hardly exceed 10000
600 bales; that the worlds spinning
and weaving industry in now breaking
all previous records in the matter OF
new business and general prosperity;
that most of the mills are sold up for
a year to come on a basis of IA cents
cotton, and have net as yet purchased
the actual cotton with which to fulfill
their contracts; that the farmer and
not the speculation is entitled to profit
by the shortness of the crop; that very
large portion of the crop has already
been sold below its value, and that
the remainder must bring Is cents II
the season s average price is to reach
II 1-2 cents, which is low when con-
trasted with the world s requirements
and the 1905 yield.
President Jordan announces his in
tention of Immediately sending eau
vassers through the Gotten states
These canvassers will call en- the far
mers and planters as rapidly as posi-
bic and secure from them written
pledges to hold as many bales as they
can-the number Of bales to be stated
until The absence of cotton offered
for supplies shall have brought the
bid price up to Is cents. Meanwhile
the effort Of speculative "shorts" to
cover once the pressure on them is felt
Will, it is believed, exert signal and
favorable effect on the market both
in America and Europe.
III have already received pledges
from a number of reputable planters
guaranteeing to take off the market
many bales Of cotton" !" said offers
around II cents have not thus far held
cotton for everytime that figure only
cotton that had to be sold to meet
payments due has been turned lcose.
1t is not our purpose to ask the far
mers who are unable to hold cotton
for the higher prices to embarrass
themselves by so doing, but rather to
insist on full market values or little
better.
"This they have all done, as the
market tendency has clearly demon
strated. Now we have reached a point
of vantage where we can absolutely
control the situation during the re-
mainder Of the season.
"We will send out canvassers to
secure these pledges, but expect a
large number to come in voluntarily
by mail to our headquarters at Allan
la. In fact, such pledges are now com
ing to me by every mail. And within
two or three weeks, the cotton world
will awake to the significance of what
we are doing. We are now thorough
ly organized and we'll equipped body
and are receiving the support and CO.
operation of the cotton growers all
over the South.
On December 3rd, the day the gov
ernment issues its annual crop estl-
mate-the farmers will hold meetings
in every cotton growing county IN the
South, when they will name state del.
eoates. Later the annual meeting OF
the association will be held at Hot
Springs. Ark, when general officers
for the association will be selected.