Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1905-10-14
JORDAN SAYS HOLD COTTON.

NNN Nb ~ $500
threa&aing over the South six or
eight months ago, and the sun.
shine of a new era is bursting
through, bringing with il renewed
hope and bright prospects for bet
ter times in finances and general
industrial activities. Since July
Srd no cotton of middling grade
has been sold in the South for less
than ten cents per pound. Fully
two and a half million bales of the
new crop have been already gin
ned and heavy marketing by the
farmers has been done at prices
above ten cents and maturing OBJ
legations have been liquidated rap.
idly.
The much prated about heavy
surplus from the crop of 1904 has
failed TO materialize as a conse-
quential factor in the markets and
up to October LIST the mills of the
world had taken a quarter Of a
million bales Of new crop more
than for the same period one year
ago. The spinners have been, and
are, actively in the market for
spot cotton Notwithstanding the
recent threatening attitude OF the
Master Cotton Spinners associa-
ton Of Europe to remain out Of
the cotton market during
September and October. South.
ern farmers called the foreign
spinners' bluff when they abso.
lutely refused to market their cot
ton on the several recent attempts
of the "bearish" elements 10 de.
press prices under ten cents. The
definite and fixed purpose of the
cotton producers, cooperating un.
der the broad and liberal policy
of the Southern Cotton Association
to regulate PREDICTION through the
cotton acreage and demand fair
prices at the hands Of the buyers
has won for them the respect and
confidence Of the financial inter
ests of the whole country.
Believing that the farmers will
stand firm for good prices senti-
ment is rapidly crystallizing in
their favor, and thus we find a
majority of the big operators in
cotton are giving their support and
influence toward maintaining the
markets. Theodore Price and his
followers are doing all they can to
hammer the market and using ev-
cry ingenious argument and care
fully disguised statistics to weak.
en- as many people as possible.
The strength of the situation large
ly remains unchanged, the latter
due entirely to the determination
of planters not TO sell their cot.
ton on depressed market. The
spot situation is growing stronger
each day. Farmers have rapidly
paid up their debts due to early
maturity of the crops and fairly
good prices.
The Southern Cotton Associa.
ton, the Farmers Educational and
cooperative Union, the American
Society of Equity, the Farmers
Alliance of North Carolina, repre-
senting all the leading farmers
organizations of the South, have
agreed on minimum price Of
eleven cents per pound for this
crop and every man is expected to
stand firm with every bale that he
can hold or finance. The banks
have plenty of money to advance
on cotton. All the money that is
needed can be easily secured. We
are now up against Il hard fight,
as the recent government bureau
report has been considered as
bearish and has given the "bears"
renewed hope and an additional
weapon to fight the market with.
The whole South knows that the
crop is short one, far shorter
than that of last year, and that the
spinners will need every pound
that we can raise. Let the slogan
be eleven cents from every hilltop
and valley throughout the South.
If the farmers weaken the market
will break and the cause We have
fought so hard to sustain will be
greatly jeopardized. Pay no at
tentron to paper contracts or bear
ish literature flooding the country
and stand firm for your rights in
the face of all obstacles and the
fight will soon be whipped.
As president Of the Southern
Cotton Association | ask the ear
nest and active cooperation Of the
entire Southern press in calling
upon the farmers TO stand firm
and refuse to give an inch Of your