The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1906-01-12
JORDAN MADE SPEECH
Tells Of Wonderful Strides of Cot.
ton Association
DURING FIRST YEAR
Discusses at Considerable Length tha
Developments Of the Past Twelve
Months and Recommends
SLOW Marketing.

New Orleans, Jan. f2-After pre.s-
lent Jordan had called the Southern
Cotton association TO order. Rev. Bever-
ty Warner delivered an invocation
Former President Parker OF th,A New
Orleans Cotton Exchange delivered tho
address of welcome. He warned farm
srs to beware OF spectators, saying
that class are their greatest enemies.
", l., Foster, a member Of the Louis
lana ra ACKNOWLEDGEMENTS
lana railroad commission and a large
cotton planter. responded.
President Jordan began his address
with congratulations to the association
on It's record during the first year OF
Its existence. He reviewed at some
length the objects of the association
and Its accomplishments. 1t came into
existence, he said. facing a IA. 900, 900
bale crop, with a 1000, 900 bale surplus
beyond the needs for consumption in
1905, with 5000, 900 bales unsold and
the price at 6 cents a pound. In the
face Of these conditions the association
mad the slogan for 10 cent cot
ton, had demanded a reduction in acre
age and had begun a fight for the main
n of rices fair and equitable to
the producer. He referred to the dis
covery OF dishonest practices In the
bureau OF cotton statistics in the de-
pArtment of agriculture at Washing
ton and the fight mace by the asso-
citation for purity there. He then dis
cussed the reasons for Is cent cot
ton.
TT has been nscertained by ~investi-
CATION" he said. and has not yet been
denied. that the prevailing prices OF the
manufactured products his season
spinners could easily have paid Il
cents for the entire crop to the rover
and paid good dividends on their in
vestments. On this basis a crop Of
10000, 0oC bales should have brought the
producers $500, 600, 900. II We demand
and received 10 cents for the balance
OF tho uncold portion Of the crop, mid
ding, at interior points, we will still be
unable to average the whole crop al
7 IL cents a pound. due to the unwar-
ranted low prices at which more than
one half of he crop has been sold. The
proposition to hold the balance Of the
crop at a miximum figure of Is cents
therefore IS based upon sound. con-
sentative reasoning and is justified by
all conditions surrounding the present
legitimate laws of demand and sup
ply.
when orr cotton sold at cents a
pound = few years ago the price of
print cloths was 2 cents a yard or IA
cents a pound for the manufactured
product. leaving 8 cents between the
purchasing price Of the ray materiAl
and the selling prices OF the finished
fabric to cost of the manufacture and
declare dividends on the investment.
Print cloths are now selling At 81
cents = yard, or asa cents a pound
At an average price of II cents q pound
Tor the raw cotton. the manufactures
today has a margin of HA cents.
against II cents a few years sgo, or a
net difference at the pro ent time of
~ cents, or S26.25 a bale.
The consumption of American cot
ton is and will continue IN
abated for many months TO come. There
are 5000, 600 more spindles in active
operation now than was the case one
year ago. The present crop will not
exceed ten million commercial bales.
The crop has been practically all picked
and ginned. The greater portion or the
Dtocks of American cotton, 1900. 600
bales carried Sept. l.. 1908, already has
been consumed. Consumption Is go
ing on at the rate OF 1000. 600 BALES =
month"
He insisted that cotton be marketed
slowly and urged compact orEa n liza
o