The Birmingham age-herald., 1905-08-12
NESBITT ON THE
 COTTON OUTLOOK Improper Storage Has Cost Birmingham About $4O.0OO PROSPECTS FOR NEXT YEAR Fair Yield of Staple Promised In Ma. jority of Districts of AIabama-BIr-
 lngham to Lead Country In
 Storage Facilities.
PROSPECTS FOR NEXT YEAR

According to W. D. Nesbitt, the we'll known cotton buyer, the failure of hold CTS of cotton to store 1t properly has cost the Birmingham district alone not less than s4O,OOo in the last six months
 In an interesting talk on the cotton outlook yesterday MT. Nesbitt emphasized the necessity for those who may, in the future, desire to hold cotton to store 1t in the proper manner.
 Our cotton crop last year." said MT Nesbitt, was the largest Alabama ever raised, but present conditions do not point to so large a crop for the cur rent season. However, In most districts of the state we have promises of fair yield.
 Merchants and farmers who held their cotton this year because of the low prices in the early spring. when cotton sold as low as 5a4 cents, have made good money for their trouble. as in July and this month they have received an average price of about 10 cents But, still, they have lost enormously because of failure to properly warehouse and protect their cotton. There has been an average of one bale in every five that has come to market this summer that has averaged loss of twenty-five pounds. At 10 cents per pound this amounts to loss of s2.5O per bale. Losses from this course in the Birmingham district have amounted the past spring and this summer to not less than $4O,000
 President Harvey Jordan and the Sou thern Cotton association have worked hard to arouse farmers and merchants to the necessity of protecting their cot ton during the period they wish to hold it. The result is that another year will see a great deal better facilities will be offered at many points for the care of stored cotton Birmingham is up-to-date in this respect. The Warrant Warehouse company is now building warehouses at Thirty-ffth street and Avenue that will store 14000 bales of cotton.
 When these warehouses are completed Birmingham will have storage facilities for both cotton and other commodities unequaled by any other city in the United States
 "T'here being no wood or other infiam-  mable material used in the construction of the warehouses the burning of the building or any part of 1t is impossible, and its contents will be protected by sprinklers, as well as by hydrant pres sure. With such conditions the insurance is on such low basis that cotton can be stored at cost covering all charges which are now paid for insurance alone President Jordan. of the Southern Cot ton association, and his able corps of as- sistants will awaken the south to the necessity of properly warehousing its many valuable products, and they seem at the same time to be taking very active and effective interest in protect ing the southern planters against unscru- pulous employees of the agricultural de- partment at Washington. The work of the association, therefore. if 1t does noth- ing more, has already been of great bene- fit to the whole south and the business people and the farmers should co-oper- ate in making 1t permanency."