The Union times. [volume] (Union, S.C.) 1894-1918, 1905-11-24
DEMANDS is CENTS
1Continued from 5th page. }

| hoLD ron SEN1S.
New Orleans. La.-Oldtime bulls
are getting together, and ut con-
ference held in New Orleans a day
! or two ago at which there were
present such men as Frank B.
Hayne, w. p. Brown, Harvie Jor-
dan, president of the Southern
Cotton association and others equally
as active in sustaining the price of
American grown cotton, definite
plans were adopted for the launch
ing of the most ambitious bull cam
paign that the cotton world has vet
had to consider. This is nothing
moro nor less than the tieing up
under contract of some 5000, 600
bales OF cotton which is to he held
until the mills are ready to pay 15
cents per pound, basis middling for
it.
In defense of the practicability of
this plan, it was pointed out that
the current crop can hardly exceed |
lO,OOO,OOO bales; that the worlds !
spinning and weaving industry is
now breaking all previous records
in the matter of new business and
general prosperity; that most of |
the mills are sold up for year to |
come on basis of If cents cotton,
and have not as yet purchased the |
actual cotton with which to fulfill |
their contracts; that the farmer
and not the speculator is entitled to |
profit by the shortness of the crop;
that very large portion of the crop
has alread been sold below it's value,
and that the remainder must bring
l5 cents ifthe season S average price
is to reach II 1-2 cents, which is i
low when contrasted with the
worlds requirements and the 1905
yield.
President Jordan announces his
intention of Immediately sending
canvassers through the cotton states.
= These canvassers will call on the
Hmers and planters as rapidly as
Rle and secure from them writ
posshSs to hold as many bales
eeii pieogs>the number of bales to
as a .lley Ake absence of cot
DE stated-until Chemeetinp an in
ton offered for sale Spnlies shall
creasing demand for s1E,s IN to
have brought the bid priccrr of
Is cents. Meanwhile, the effo~a
speculative shorts" to cover tin
pressure on them is felt, will, it is
tellcved, exert signal and favora-
bic effect on the market both in
America and Europe.
| have already received pledges
from a number of reputable plant
ers guaranteeing to take off the
market many bales of cotton,n said
Mr.. Jordan. The farmers have
not thus far held cotton for every
time offers around II cents have
come to them they have let go. Be-
low that figure only cotton that had
to be sold to meet payments due
has been turned loose. 1t is not
our purpose to ask the farmers who
are unable to hold cotton for the
higher prices to embarrass them
selves by so doing, but rather to in
sist on full market values or a little
better. This they have all done,
as the market tendency has clearly
demonstrated. Now we have reached
point of vantage where we can
absolutely control the situation dur
ing the remainder of the season.
| We will send out canvassers to
secure these pledges, but expect
large number to come in voluntarily
by mail to our headquarters at At
lanta. In fact, such pledges are
now coming to me by every mail.
And within two or three weeks, the
cotton world will awake to the sig
nificance OF what we are doing. We
are now thoroughly organized and
well equipped body and are rccciv-
ing the support and cooperation of
the cotton growers all oyer the
south. "
On December 3, the day the gov
ernment issues its annual crop esti-
mate, the farmers will hold meet
ings in every cotton growing county
in the south, when they will name
state delegates. Later the annual
meeting of the association will be
held at Hot Springs, Arkansas,
when general officers for the asso-
citation will be selected.
Pres. Harvie Jordan, of Southern
Cotton Association, has issued the
following agreement with the OBJ
lect OF securing to the farmer the
highest practical price for the re-
mainder of this years small cotton
| crOn He sl,popstc fbof tho fo,,o,or,