The Montgomery advertiser., 1905-07-12
PRESIDENT HARvIE JORDAN
Advises Farmers Not to Sell Future ID
 livery Cotton Undcr 10 Gents.

livery Cotton Under 10 Cents. Al
 The South is to be congratulated son the prospects for general prosperity during the next eighteen months. Int loyalty of Southern farmers In stand. ing together during the first three months of the year and holding their staple off a depressed cotton market and following this by curtailing pro- duction for 1905 by materially reduc' ing the cotton acreage and use of gu ano under cotton Is more largely re- sponsible for the present condition oi good prices than all other causes com bined.
 The loyalty of Southern bankers. Cot ton men fertilizer companies and bus mess men generally who have so gen. erously contributed funds to the asso- citation, and the Southern press which. during the hard struggle of the farm CTS for the past six months to whip the fight they had undertaken, has done such valiant and effective public ser vice without price are other highly inn portant factors in making possible ex- isting conditions.
 All of these things coupled with bad seasons following in the wake Of a heavily reduced acreage and an enorm- ous demand for spot cotton by the spinners of the world gives to cotton the strongest statistical position 1t has occupied in many years. If crop con- ditions do not readily improve the sup ply of raw cotton for consumption Tn 1908 will fall far short of the demand and prices will go very much higher. But abnormally higr prices will be as dangerous for the future to the pro- ducer and spinning as abnormally low prices. and we must endeavor to be conservative and consistent.
 It will be the part ot wisdom for all tA a crn H. lative interests that would tend to drive the price of spot cotton above 12 cents per pound just as 1t is imperative that no farmer should ever again sell pound of middling cotton under 10 cents per pound. Let us not encourage in- Hated prices that will hamper the mills. curtail consumption of cotton and en- courage the grokth of the staple in for eign fields. We hold complete mo- nopoly of the cotton industry of the world up to 12 cents per pound and at that price good rroflts to the pro- ducer can be realized.
 Selling for Future Delivery.
 The recent advance in cotton is in- ducing many farmers already to sell their crop for delivery in October. This is bad policy and if generally indulged In will deluge such an enormous amount of the staple on the market during that month as to break prices and prove injurious to those who must sell. Learn to market the crop slowly and do not go into speculative propositions.
 By cooperative action refuse to sell any cotton under 10 cents and so mar ket the staple as to keep the legitimate demand active and healthy at good prices.
 The Southern Cotton Association in it's meeting at Memphis, June 20, 1905. endorsed the plans for immediate con struct!on of warehouses under the plans and specifications of the insurance and to be owned and oper- ated by the local communities in which they are built. The rapid development of a cotton warehouse system is abso- lutely essential to the best system of cotton for high prices and this matter should be pushed at every cotton point in the South.
 Increasing the Member ship.
 It is now imperative that the farm CTS rally in each county and build up the membership of the association. Those counties which have not yet or ganized should get into line at once, Those that are organized should be pushed by the local officers and the of each rapidly increased after the crops are laid by.
 We want to be In a strong position by September to handle the situation next fall and winter. The outlook Is most encouraging. The State and coun- " officers of the association are to be on the splendid work hey have done. and now that success s assured they should redouble their efforts.
 We have everything to be proud of md must not let the golden opportun- ty now in reach to still better fortify ,ur position for the future, slip by or . k.- La Ird of our duty one to another.
 Very truly,
 Harvie Jordan. President Southern Cotton Association.