The Brandon news. (Brandon, Miss.) 1892-1961, 1905-10-19


President Walter CLARK was issued
from the headquarters of the Mis-.
sissippi Cotton Association Satur.
day:
ITO the Farmers of Mississippi:
''Since the bureau report of the
2nd, and its Interpretation by the
bear forces, the cotton market has
shown considerable strength, due
entirety to the belief on the part of a
large majority of the cotton world
that the farmers would not sell their
cotton below 10 cents. / anticipate
that an effort will again be made to
depress the Price below 10 cents.
Some of the cotton men are beginning
to say that the farmers are weakening
and that they will not hold. can
not believe this, and think it would
be rank folly on your part to sell
your cotton at presant prices, and
/ feel that the conditions justify
yon in holding your cotton for II
cents: 1t is admitted that the world
will require this season 121a million
bales, and present prices are based on
II to IL 1a million bales
Now, careful and thoughtful
review of the crop conditions ought
to convince you that this crop is a
very short one. Last year the yield
and acreage were both abnormal.
There was an enormous deterioration
in the crop during the months of
August and September last season. A
great many people were deceived at
this deterioration and cried wolf too
quickly, without carefully consider
ing the enormous fruitage on the
stalks in the early part of August.
The conditions were unusually
favorable and the fruitage was so
great that the deterioration was
necessarily great. Last year every
pond and slough and the green woods
produced enormous yields. Now,
what has become of all those low :
lands and new lands this year? We
have had the most unfavorable con-
ditions for years. This is univer-
sally admitted, and the unfavorable
conditions have been, with few ex-
ceptions, the same over the entire
cotton belt. This condition is un-
usual. The crop to begin with was
several weeks late. The season was
untavorable for fruiting and the
fruiting was necessarily slow. At no
time during the season have the con-
ditions been favorable for any ex-
cessive fruiting; IN fact, during the
month of August there was considera-
BILE deterioration during the month
of September the deterioration was
light, for the simple reason that there
was no excess of fruitage, and in fact,
it was SO small that there was moth.
ing to lose.
1t is generally admitted that the
crop has made practically nothing for
the last 80 days, yet it shows little
deterioration. The worms are now
stripping the young cotton and it is
generally admitted that the top crop
is practically or will be practically
nothing. Taking the conditions as a
whole, predict from common sense
view the smallest yield per acre, for
years. Admit the acreage to be 27,
000,0 600 and the yield per acre the
same as in 1903.we have only 9a
million bales. Acreage abandoned
this year has been enormous, much
larger than ever known, and the wet
LANDS where enormous yields were
made last year are either grown up
i in weeds or will make no cotton.
firmly believe that the situation
\ warrants much higher prices. I do
mot think you should sell pound of
your cotton at the present price.
TLore should be no distressed cotton.
There is not banker or commission
merchant in the entire land who will
not make liberal advances on cotton.
should very much prefer shipping
my cotton to the commission mer-
chant and paying SO. 80 per bale for
storage, commissions and insurance
and thereby gaining from $12 to $l5
I per bale later on. think this is
| a good business proposition and
foolish of You to sell cotton at the
present prices. If you continue to
sell the market will grow lower; the
receipts must be stopped even to
maintain the present prices.
Some people advise the selling of
spot cotton and the buying of futures.
Il beg you not to do this You have
no show In this game Of futures.
when ycu sell your cotton you give
Che other fellow club with which to
break your own head; he has the
actual cotton and this is what he
needs. Future contracts will not
naLo nfofh You ho1d all the am