Tensas gazette. [volume] (St. Joseph, La.) 1886-current, 1905-03-03
CONTINUE TO
HOLD COTTON,
DO NOT LEND 1T TO BUYERS
URGES PRES. JORDAN.
WILL DECREASE THE PRICE
The Proposition From Buyers to Take
The Cotton at Present Price and
Give the Farmers Benefit of any
Increase Between now and Sept.


Atlanta, Ga.-According to reports
which have been received by Presi-
dent Harvie Jordan of the Southern
Cotton Association, a number of far
mers are being appealed to by the
buyers Of cotton to let them have cot
ton at the present prices and should
any advances occur between now and
next September the farmers will be
paid the additional amount on cotton
they now release.
Mr.. Jordan is out in an interview,
III which he strongly advises against
the practice of lending cotton. and
urges upon the farmers and those who
have cotton to hold on to it. He SAYS
Reports are coming to me from
many sections Of the south indicating
that farmers are being appealed to by
buyers and spinners to get possession
OF the spot cotton on the agreement to
pay present market prices and any
advances that may accrue between
now and September 1st. If the buyers
and spinners can get enough cotton
under this plan to meet the needs of |,
present consumption it will be impOssi-
bic to advance prices. 1t looks like
good business proposition, but in the
end Il will prove disastrous to the
holders. All holders of spot cotton
are warned against schemes of this
kind.
do not let any cotton pass into the
hands Of the buyers on any partial {
trade of any kind and do not lend cot
ton or turn any of it over to the peo-
pie who must have it for spinning 7
purposes or filling contracts upon 3,
which they are now short. {
"HOld your cotton tight and refuse q
to deliver it on any kind of trade. 1t q
will be unfair to those who are holding f.
and ruinous to your own interests in I
the end. Stand pat, hold your T
ground and don't give away at any |,
point along the line We are sure to Q
win. !
cit is reported to me that some of
the mills are proposing to local hold
ers Of cotton, a proposition to take
cotton from them at present prices Ia
and free of storage and insurance, O.
provided such cotton is delivered at o.
the mills and any further advance IL
will be paid between now and Sep b,
tember 1st. In the meantime the W
mills can proceed to spin this cotton in
and to that extent will not have to 90 ca
into the market to make purchases. If is
this plan was generally adopted there T
would soon be no demand whatever OF
from the southern mills, which would ell
seriously affect the present holding ca
TO
81 do not charge that southern mills n
are advising this course to defeat any re
advance in prices, because many of sy
our mills are in favor of higher prices,
but the effect will be the same. In
Louisiana, Texas and 9TH
er states exporters are actively solic- GU
ting cotton so | am informed under ca
he form of an agreement to pay pres sa
mt prices and any advances that may TIN
lccrue in the near future provided the taI
'Otton is now delivered to them. Of
"While it is true that this PROPOSE to
ion will, in some instances, relieve no
he holders from interest on borrowed st
money, storage and insurance, vet the Oh
'uyers will have but one object in OO'
Jew and that is to get in possession aw
{ cotton which they cannot otherwise Oh
ecure for the purpose of relieving the VIC
ritical situation they are in-namely, SIN
D fill the contracts they are short on.
{ they succeed the price of cotton
an be depressed by increasing the re- -,
eipts and relieving the situation ni'
.b;cb ;s now extremely critical for ing
le exporters. HE
s.EaruorS must NOT aIIow tbor, REG
lives to get caught by these fatter- ma a,
lg propositions. l know that local inll
,yors and exnorters are short reg
now that vessels are now standing at .ne
!. ,,o.ts waiting 70 raoeivo oofton the
he ports NdlllHS W IeCelNe cOlIOn /,
lat is yet to be bought and that spin 'he
ers are meeing and refusing to ex- arm
nd their contracts with the buyers al al
" longer. The farmers have every i"r'
for higher prices if
ey will continue to stand firm and n
fuse to let their cottongo out of their .,o
,ssession Let there be but one an - m
yer to the buyers and that is: "Ten Jno.
nts at the ports or nothing!" e.,
The Rent Question Solved. deaf
Atlanta, Ga.-One of the greatest sOni
oblems concerning the reduction of lief
tton acreage has been that of large ed Il
The Cotton Movement