The Brandon news. (Brandon, Miss.) 1892-1961, 1905-07-13
JORDAN
Is OPTIMISTIC
PROSPECTS BRIGHT FOR NEXT
EIGHTEEN MONTHS.
LOYALTY OF TIE FARMERS
He Says Present Price Of Cotton is
Due to Farmers Standing Togeth-
er and Holding Cotton Off De-
pressed Market.

Atlanta. Pres. Jordan says: The
south is to be congratulated on the
prospect for general prosperity dur
ing the next eighteen months. The
loyalty Of southern farmers in stand
ing together during the first three
months Of The year and holding their
staple off depressed cotton market
and following this by curtailing pro-
duction for 1905 by materially reduc-
the cotton acreage and use of guano
under cotton is more largely response
BILE for the present condition of good
prices than all other causes combined.
The loyalty of southern bankers
cotton men, fertilizer companies and
business men generally who have so
generously contributed funds to the as
ISOLATION, and the southern press
which, during the hard struggle of
The farmers for the past six months
to whip the fight they had undertake
en-, has done such valiant and effective
public service without price are other
highly important factors in making
possible existing conditions.
All Of these things coupled with
bad seasons following in the wake Of
a heavily reduced acreage and an
enormous demand for spot cotton by
the spinners Of the world gives 10
cotton the strongest statistical posi-
ton it has occupied in many years
If crop conditions do not rapidly i'm
prove the supply Of raw cotton for
consumption in 1906 will fall farsh
Of the demand and prices will go
very much higher. But abnormally
high prices will be as dangerous for
the future to the producer and spin
ming as abnormally low prices, and we
must endeavor to be conservative and
consistent.
1t will be the part of wisdom for all
cotton producers to discourage spec
ulative interests that would tend to
drive the price Of spot cotton above
II cents per pound just as it imper-
alive that no farmer should ever again
sell pound Of middling cotton under
10 cents per pound. Let us not en-
courage inflated prices that will ham,
per the mills curtail consumption of
cotton and encourage the growth of
the staple in foreign fields. We hold
a complete monopoly of the cotton in
dustry Of the world up to II cents per
pound and at that price good profits
to the producer can be realized.
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
INDUCED in will deluge such an enor-
NOUS amount Of the staple on the
marke. 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 spec
ulative propositions.
By cooperative action refuse to sell
any cotton under 10 cents and 50 mar
ket the staple as to keep the legiti-
mate demand active and healthy at
good prices.
The Southern Cotton Association IN
its meeting at Memphis, June %, 1905
endorsed the plans for immediate con-
struction of warehouses under the
the plaps and specifications Of the in
surance companies and to be owned
and operated by the local ccmmuni-
ties in which they are built. The rapid
development Of a cotton warehouse
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.
It is now imperative that the farm
ers 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
membership Of each rapidly increased
after the crops are laid by.
We want to be in 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
congratulated on the splendid work
they have done, and now that success
is assured they should redouble their
efforts.
We have everything to be proud OF
md must not let the golden opportu-
aity now in reach to still better forti-
~ our position for the future, slip by
,r fail to measure up to the highest
standard of our duty one to another
Lightning Causes Fire.