The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-01-12
COTTON FARMERS
State Meeting in Raleigh
Today.
The Farmers Propose to Stand Togeth-
er in an Effort to Increase
the Price of Cot
ton.

If coming events cast their SHADOW
before there is certain to be very
large gathering of cotton farmers at
the State meeting of cotton growers III
this city today, for already delegates
are coming in in large NUMBERS and
with but one purpose in view, and that
is to work for a very decided reductl Nj
in the acreage of cotton to be planted
next spring and to firmly stand by the
action of the State and Interstate
meetings.
The meeting will be called to order
at O'Clock this afternoon at
Metropolitan Hall, Capt w. /. Everett
presiding Due diligence vii lbe given
to the appointment of all committees,
as most of the real work will be done
in the committee room. In the mean
item practical talks Will be made by
gentlemen If experience ana an eX-
change of views given that viii Clearly
show the necessity of organizations
and concert of action. Necessity is
the mother of invention is saying
Of long standing. If there is amy truth
in it there will surely come an inNen-
ton from the various farmers gather
liugs for the necessity is surely great.
Mr. r.. B. Parker, Secretary of the
Farmers Alliance, in talking OF cotton
affa. RS. said yesterday:
THE many letters that have been
received at this Office show very PAIN
~ the determination of the farmers TO
do something but the intensity Of that
determination has not been fully re-
Neaied to me until the delegates have
begun to arrive and / have had the
opportunity to talk With them and
hear them discuss the situation.
IF members of the New York Cot
ton Exchange could see and appreciate
! this determination that is written in
unmistakable letters on each cotton
| farmers face they would doubtless
form different conclusions from those
under which they are now laDorinS,
| and we would see no more like the fol-
| lowing which / take from \. Noruen
| & Co.'S. cotton letter of the 9Th inst:
1--WE believe Southern holders of cot
| ton may consider themselves lucky II
Notwithstanding the big surplus they
are able to work off the balance OF
their holdings without forcing prices
to much lower level lhan we have yet
seen AS 10 the immed S;te
future of the market, we cannot see
how any decided advance could be
maintained. and are rather disposed to
/ advise taking advantage OF any adj
vance TO sell short. In anticipation OF
| the Ginners' report. and the gradual
/ leakage of Southern cotton. which we
think will take place during the month
notwithstanding the agitation to IN
duce farmers to hold Spinners do
not seem 10 be anxious. and are like
| Is to resort to buying from day to Cay
rather than allow their hands To De
forced at this stage of the game. with
| the full knowledge of ample supplies
1 to come out sooner or later.
One other very grizzly bear who us
Iually eats a whole county OF cotton
farmers for breakfast is quoted as say
ing in substance: Farmers are get
ting restless on account of the large
receipts and will soon get tired of hold
| ing and commence selling cotton
Now this is assuring. especially TO the
|mill men spoken of i'm Norden a. COS.
letter, who are buying from day TO
| Gay.
| | wonder ii this is not on a parity
with a boy WhiStling at night III pass
ling IA grave yard to keep up his cour-
age? Let that be us it may, their in
| formation evidently does not come
from the same source mine does The
/ following reports are authentic and
are not half week old.
AbbeviIle, $. G.. Jan. !. 1905.
"Only four bales of cotton sold here
to-day and they were stains ana
hinges. These were sold to the mil dit
lie 1-20, 5-Sc Parties wanted to BUY
| lou DditS SllltJ IIlltiliilS ctt NIht2'
hut holders refused to sell. It WouiG
be difficult to buy cotton on the mar
ket here"
"Yorkville. $ c., Jan. = 1905.
Farmers all over this territory are
Holding cotton. and going TO hold until
prices are better. They are waiting to
see what the outcome of the farmers
meetings that are being held. Just
jsuch conditions have never been seen
in this country before"
| columbus, Miss, Jan. I. 1908.
! "The situation here is most peculiar.
lCnly three bales of cotton have been
isGld on this market since December 20
1until Yesterday. Farmers are deter
mined to hoid for higher prices. Some
of them are carrying their cotton back
home. Further decline in the market
| lis not expected but an advance is con
hdently looked for
| "lVaxachachie, Texas, Jan. !, 1905.
Farmers refusing to sell cotton al
present prices All business is at a
stand still Business here looks more
like midsummer than in the midst OF
jtte cotton season..
! The above are fair samples of the
reports from every section of the cot
ton growing section of the South. The
meeting today will bring the cot
ton farmers from all parts of the state
liD closer touch and will be an inspira-
ltion to each other strengthening each
jother in their determination TO come
out victorious in the fight which is now
| on.
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